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Frugal consumers trimmed spending in April – although by less than expected – as rising unemployment kept pocketbooks in check. With income growth far outpacing spending, Americans’ personal savings rate zoomed to 5.7 percent, the highest since February 1995, the Commerce Department reported today. Consumer spending dipped 0.1 percent in April. That was slightly less […]
General Motors Corp., the century-old automaker battered by the economic downturn, mounting debt and management problems, filed for Chapter 11 bankruptcy protection this morning as part of an Obama administration plan to shrink the automaker to a sustainable size and give a majority-ownership stake to the federal government. GM’s bankruptcy filing is the fourth-largest in […]
Gov. Mitch Daniels will outline his latest budget proposal to Indiana residents during a live television broadcast tonight at 6 p.m., a day before going over the plan with lawmakers. Daniels’ office said Friday that the remarks will only last about 5 minutes. Tomorrow, a formal budget presentation will be made to a legislative committee. […]
A bankruptcy judge said Friday that he will rule by today on whether Chrysler LLC can go forward with its plan sell most of the company to a group headed by Italy’s Fiat and take a big step toward its goal of a speedy exit from Chapter 11. U.S. Judge Arthur Gonzalez’s ruling will likely […]
With the clock ticking on a June 1 government deadline to restructure, General Motors Corp. worked feverishly yesterday to shore up its global businesses to clear the way for a speedy reorganization in bankruptcy court. GM, part of American life for more than 100 years and once the country’s largest employer, is expected to file […]
Stitcher bills itself as “a leading mobile audio company that provides a revolutionary media service which allows audio content to be easily aggregated, organized and shared on mobile devices.” It’s sort of like DVR for radio.
If you don’t get your fireworks fix on July 4, you’ll no longer have another chance this year to be awed by the colorful displays.
Jean Wojtowicz, executive director of the Indiana Statewide Certified Development Corp., has been elected to chair the National
Association of Development Companies, or NADCO, board of directors.
Will individuals and institutions take excessive risks in the future, operating on the belief that the government will step
in to rescue them if they encounter problems?
We applaud the efforts of those who are laying the groundwork for viable mass transit in the Indianapolis area.
Regarding the May 25 story, [“Lauth granted reprieve,”] please note that Lauth Property Group is an offshoot of the original company founded by myself and Terry Eaton in 1976. It was then known as Ernst/Eaton Associates.
The Skyline Club has reserved one wall of its main dining room for local artists and will also host a series of artist receptions for its members and the general public.
With the help of outside economists, Indiana government undergoes an economic forecast every other yearâ??a process that’s taken on increased importance this spring, as Gov. Mitch Daniels and the Legislature attempt to craft a two-year budget amid the deepest recession since the early 1980s.
Indianapolis already hosts three of the top 200 conventions in the country. But additional meeting space coming online late next year could help the city double the number.
Hawaii hotels offering bizarre deals With tourism in the dumps, Hawaii hotels are offering unprecedented discounts, freebies and other incentives in hopes of drawing tourists to the islands and survive the economic slump. The wide range of perks include free nights, rental cars, upgraded rooms, 2-for-1 activities, daily breakfast, round of golf, free parking, spa […]
The process of assessment could be simplified and performed uniformly and inexpensively.
Some industry insiders worry that, while Indianapolis is busy chasing bigger conventions, adjoining counties may raid the cupboard made plentiful by investments within Marion County, particularly downtown.
The Associated Press Sports Editors, the nation’s largest professional sports journalism organization, is establishing its
headquarters at Indiana University’s new National Sports Journalism Center.
IQuest Internet LLC, the largest Indiana-based Internet service provider, is going global, having bought a British company
that monitors and manages data, voice and video networks.
Cash-strapped theater group Carmel Community Players has nixed its summer musical, canceled its Summer Camp for Kids, and pulled out of Carmelfest 2009 after being denied the public funding it has received for years.
