Brightpoint adjusts as wireless demand finally cools off
After years of torrid gains in the number of wireless phones it handles, Brightpoint has had two consecutive comparable-quarter
declines.
Finances
Articles
Geist restaurateur buffeted by financial squalls
Henri and Shelley Najem, who own The Bella Vita restaurant in Geist, represent the scores of Indiana restaurant operators
feeling financial pressure, given the severe economic slump.
HHGregg vying to win customers of Circuit City
Company officials think HHGregg is well-positioned to fill the void that Circuit City Stores Inc. will leave when its stores are closed.
Buy-and-hold a bad tactic in these market conditions
If world leaders don’t quickly demonstrate the courage to stop printing money, the long term is shot. And since that courage
isn’t likely to surface anytime soon, investors should rethink traditional strategies now.
Recession, lockdown of credit hammers businesses of all sizes
Stock markets fell, jobs disappeared, and the outlook for the economy seemed to grow grimmer by the week in 2008. Banks, real estate developers, retailers and manufacturers took some of the worst hits, but all types of businesses in central
Indiana felt the pain.
NFP of NOTE: Momentive Consumer Credit Counseling Services
Momentive Consumer Credit Counseling Services work to change lives by helping people gain financial stability.
Indiana bankruptcies soar
Indiana bankruptcies are rising toward levels not seen since Congress tightened filing rules three years ago, and experts
say stretched consumers and businesses probably won’t reap benefits of an improved economy for at least a year.
Companies shifting more health costs to employees
Employers, now doubly pinched by steadily rising health insurance premiums and a steadily deteriorating economy, are searching
for new and larger cost-shifting tools, according to survey and anecdotal evidence from Mercer, a global benefits brokerage
and consulting firm.
Southwest swoops in to benefit from ATA Airlines’ bankruptcy
Southwest is striking a deal to acquire ATA’s valuable landing slots at LaGuardia
and most of the dying airlines’ remaining assets for $7.5 million.
Communities making tough choices will be better off
During the coming weeks, a number of Indiana cities and counties will be coming to terms with their new budget realities.
State public company execs grab up stock as prices fall
The unprecedented plunge on Wall Street the last three months has spurred a couple of dozen executives and directors at Indiana
public companies to scoop up shares in their own companies.
Billions lost in state pension-fund fallout
Indiana’s public pensions lost $5 billion in the 12 months ending Sept. 30.
Automotive Finance Corp. writes off $162 million, reflecting slow auto sales
Slowing auto sales have forced Carmel-based Automotive Finance Corp., which lends money to car dealers to buy used vehicles
at auction, to take a big write-off on the declining value of its loan portfolio.
Greensfork Township State Bank to acquire local startup that failed to live up to high hopes
A rural Indiana bank that specializes in farm lending has agreed to buy Symphony Bank for less than the ambitious startup
spent to build its extravagant branch on 96th Street.
HHGregg looks to grow as other consumer electronic businesses falter
HH Gregg has grown from a local to a national consumer electronic store chain and has its eye on expanding further, given
Circuit City’s bankruptcy filing.
Companies face pension-plan shortfalls
Private employers that still offer traditional pension plans are getting a big shock as they assess how much more it will
cost to shoulder retirement obligations.
Fishers tables $100M development
An Ohio developer and the town of Fishers have agreed to cancel a 2007 development agreement that called for a $100-million
mixed-use project featuring 250,000 square feet of retail space and 150,000 square feet of office.
Economists research, analyze trends
Most economists spend some time teaching, but the vast majority of our time is spent doing research.
Expensive ink cartridges for computer printers signal they’re empty when not
Ink cartridges signal that they’re empty when they’re not, but consumers can take steps to judiciously use all the ink in any computer printer cartridge.
Be careful: Stock market turmoil will likely persist
Here is something I know you don’t want to hear: This bear market isn’t over.