Estridge Cos.’ subcontractors have invested $10 million into the firm led by COO Matt Cohoat and CEO Paul Estridge Jr.—an
infusion that paves the way for them to proceed with
a massive development in Westfield.
Purchases of new homes in the United States fell in May to a record low as a federal tax credit expired, showing the market
remains
dependent on government support.
Virtually all the job creation in May came from the hiring of 411,000 census workers. Job creation by private companies grew
at the slowest pace since the start of the year.
The economic recovery last quarter turned out to be slower than first thought, one of the reasons unemployment is likely to
stay high this year.
Congress is getting tougher on both borrowers and lenders blamed for inflating a housing bubble that, when it popped, plunged
the nation into a severe recession two years ago.
A new state program is encouraging lenders to promote the stability of their conventional mortgages to help Indiana's
housing market rebound from a foreclosure crisis instigated by risky loans.
Recession's over. Time for law firms to get cracking on raising rates again. As was the case before the recession, the
increases are outstripping inflation.
Recession aftermath continued taking a toll on sales of paint for auto repairs.
The Indiana Department of Workforce Development last year identified $3.9 million in unemployment fraud.
A partial rebound in consumer confidence, a positive report on January home prices and an expected strong March from retailers
suggest Americans are cautiously perking up.
Logistics companies have found the last few years an unparalleled challenge. If it wasn’t higher fuel prices, it was softening
business in key sectors, such as the automotive industry. Fewer goods to move created overcapacity and softened rates.
Duke University researchers found a link between how a key stock index performed and how many heart attacks were treated at
their North Carolina hospital.
Indiana banks soon might have to pay the state as much as $300 million in new fees for deposit insurance at a time the industry
is experiencing its deepest woes in decades.
“Staying Alive and Productive during Economic Hard Times” is the theme of the Indianapolis Professional Association’s seventh
annual networking luncheon. It will include a roundtable discussion of the economic state of local minority businesses and
organizations.
Banks used to take pride in having long records of increasing dividends. Now, about all most can say is they still pay one.
Out of six professionals IBJ profiled a year ago, three have found jobs, although all have accepted lower pay than
they were getting before. One could not be reached, but she still lists herself as looking for work on LinkedIn.com. Two tried
to start their own businesses, with one giving up and one, Bruce Flanagan, still trying.
New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of
claims caused by snowstorms the previous week.
Practices are beginning to thaw along with other areas of the economy.
The economy is as good or better in Hendricks County than anywhere else in the Indianapolis area.
The president’s budget offers tax cuts for businesses, including a $5,000 tax credit for hiring new workers this year, help
for the unemployed and $25 billion more for cash-strapped state governments. Job creation will take precedence over stemming
a surging deficit.
