The Federal Reserve this week is expected to drop the rate at which banks loan money to each other below
1 percent. That means interest rates on loans for just about everything, from cars to housing, eventually
would fall further.
The…
Knauf Insulation is cutting 11 percent of its work force in Shelbyville as the recession prolongs the housing downturn that
began two years ago.
In response to Mayor Ballard’s Citywide Food Initiative, banks in our community have combined forces to help restock food
pantries.
Kite Realty Group Trust has joined local peers Duke Realty Corp. and Lauth Group Inc. in laying off employees as it copes
with dried-up credit and a soft retail market.
Ball State University’s Indiana econometric model predicts that earnings in all of Indiana’s
major economic sectors except health care will decline in the next three months.
In times like these, what do you think of the Worker Adjustment and Retraining Notification Act, commonly
called the WARN Act or WARN notices?
The federal law was passed in 1988 to give employees 60 daysâ?? notice of an impending layoff,…
Increasing specialization and interdependence worldwide results in worldwide economic difficulties.
The Big Three and the United Auto Workers do not appear to be serious about making the concessions and changes that are necessary
to make them a viable entity for the long haul.
Hampered much of the year by high fuel prices, trucking companies still may be in for a long haul before they’re back on the
road to recovery.
The Dec. 1 announcement by the Business Cycle Dating Committee of the National Bureau of Economic Research officially dated
the recession back to the fourth quarter of 2007.
New car dealers, usually among the most resilient of all small businesses in weathering economic downturns, are hanging on
for dear life this time around, portending a shakeout among Indiana’s 520 dealers.
The jobs bank has come to symbolize whatever the general public thinks is wrong with the United Auto Workers
and Detroit car companies.
For many years, the UAW contract has stipulated that laid-off workers be paid nearly their entire compensation.
Now,…
Open a local phone book or punch in a Google search on car dealers, and itâ??s immediately apparent Detroit
companies have many, many more dealers than their foreign competitors.
Chevrolet and Ford, for instance, each have more than a dozen dealers…
A new national analysis of U.S. public pension funds suggests most invest prudently, even in volatile times.
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.
During the coming weeks, a number of Indiana cities and counties will be coming to terms with their new budget realities.
A growing number of companies strapped for cash and struggling to pay their bills on time is presenting an unusual opportunity
for Vontoo Inc., a local IT firm.
With a growing labor market in Indiana, it would seem this recession, thus far, is an economic shock that may be of shorter
duration and severity than the 1982 decline.
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.
Indiana’s public pensions lost $5 billion in the 12 months ending Sept. 30.
