Articles

Rising unemployment taxes could hinder hiring

The number of people claiming jobless aid has tripled since the recession began. The demand has drained the funds that many
states use to pay jobless claims. Nearly half the states, including Indiana, are borrowing from the federal government.

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Computer woes slow air traffic across the nation

The Federal Aviation Administration said the problem was fixed about 10 a.m. Thursday, but it was unclear how long flights would continue to be delayed. Dozens of flights to Indianapolis International Airport have been affected.

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GM reports $1.2B loss, says it shows progress

General Motors Co. said Monday it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better
than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business.

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Late tax bills force counties to borrow millions

Nearly every Indiana county has failed to send property tax bills on time this year, forcing many local governments and schools
to borrow millions and providing further proof that Indiana’s tax system is still a work in progress more than a decade after
a court ordered a massive overhaul.

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Rich buying again, but middle class still hurting

Recent earnings reports from major retailers suggest that the wealthy, who pulled back their spending the hardest during the
financial meltdown last fall, are once again being enticed to open their wallets and going back to higher-end outlets. But
those on the lower economic rungs are still scrimping by, heading to Walmart for the basics.

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Zimmer offering seeks $1B

The Indiana-based orthopedic implant maker plans to use the proceeds to pay down debt and for general corporate purposes.

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