October retail sales rise slightly, beat predictions
Retail sales rose more than expected in October due largely to a big rebound in auto sales. But broader consumer spending
remains under pressure.
Associated Press
Articles
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.
Environment funds feel pinch of state budget cuts
Indiana is dipping into a wide range of state funds, including several devoted to improving or protecting the environment
and natural resources, to offset a steep drop in state revenues.
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.
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.
State government begins layoffs as part of budget cuts
The Department of Administration said 33 government workers will be out of a job because of the state’s financial situation.
Zimmer offering seeks $1B
The Indiana-based orthopedic implant maker plans to use the proceeds to pay down debt and for general corporate purposes.
Rokita says GOP redistricting plan not enough
Indiana Secretary of State Todd Rokita is pleased that state Senate Republicans have proposed changes to the way legislative
districts are drawn, but he says they don’t go far enough.
State pushing Monroe County officials to adapt I-69 plans
Bloomington and Monroe County officials have declined to include aspects of the I-69 project in their transportation improvement
plan.
Reopening of Indianapolis monument delayed
Work to repair and renovate the Soldiers and Sailors Monument in downtown Indianapolis is taking longer than expected.
Majestic Star casino company misses debt payments
The company that owns two casinos along Indiana’s Lake Michigan shore has been declared in default on nearly $80 million in
debt by its lenders.
Indiana State Bar names first black president
Roderick Morgan of the Indianapolis-based firm of Bingham McHale was named president of the group at its annual meeting.
Unions prod Obama to fix ailing airline industry
U.S. Transportation Secretary Ray LaHood is holding a forum Thursday to discuss the state of the airline industry, which is
mired in a severe economic slump and blamed for using a business model critics say undermines safety.
Indianapolis gets new signs to direct Super Bowl traffic
Highway signs around Indianapolis are getting makeovers to help direct Super Bowl 2012 visitors to downtown attractions.
Traffic down at new Indianapolis airport terminal
The new terminal at Indianapolis International Airport has seen a 10-percent decline in passengers during its first year.
Indiana hospitals face Medicaid-reimbursement cut
The Indiana Family and Social Services Administration announced Tuesday that $34 million in new budget cuts includes a 5-percent
cut in Medicaid reimbursements to hospitals.
Old Indianapolis baseball stadium now a junk yard
A salvage company is leasing the Bush Stadium field from the city parks department to store vehicles it collected in the federal
Cash for Clunkers program.
Major stock indexes climb to yearly highs
Major stock indexes rose as much as 2 percent, including the Dow Jones industrial average, which jumped 203 points.
State’s offer of unpaid leave faces uncertain popularity
Indiana is offering state government employees voluntary unpaid leave, but it’s unclear how many workers might give up part
of their paycheck.
Record number of Indiana taxpayers e-filed this year
Indiana taxpayers filed a record 2.2 million electronic federal tax returns this year.