Stocks go on roller coaster ride after jobs report
Market swings continued all day after a better-than-expected employment report. By the market's close, the Dow was up 60 points, or 0.54 percent, to 11,444.
Government & Economic Development
Articles
Indiana counties wrestling with tax overpayment
City and county officials across Indiana are starting to wrestle with how they'll deal with the state's plan to recoup roughly $610 million it overpaid local governments for income taxes it expected to collect.
Goldsmith stepping down as New York deputy mayor
New York City Deputy Mayor Stephen Goldsmith, the former Indianapolis mayor who joined Mayor Michael Bloomberg’s administration last year, has resigned to pursue a job financing infrastructure development.
Franklin Electric moving HQ, 220 jobs to Fort Wayne
Franklin Electric Co. Inc. says it will move its corporate headquarters from Bluffton to a $25 million development in Fort Wayne by 2013. The company has 220 employees and expects to add 35 more by 2014.
‘Buy local’ law could make projects costlier
A new state law that alters the public bidding process could add complication and possibly millions of dollars to a soon-to-be-bid segment of a massive Indianapolis sewer project.
HICKS: Cuts will come in wake of federal budget deal
It is clear that the agreement to raise the United States’ debt ceiling demands cuts to military budgets, to entitlements and to the vast cornucopia of discretionary spending.
Marion County prosecutor plots white-collar strategy
Terry Curry expects his creation of a task force will start paying off with new cases—ranging from employee theft and investment fraud to political corruption—in the next few months.
U.S. unemployment applications slip slightly
The number of people seeking unemployment benefits dipped last week but has been at or above 400,000 for 17 straight weeks.
City cracking down on noncompliant tax breaks
The city of Indianapolis is seeking to overturn property tax breaks for more than 20 companies that continued to apply for abatement even though they were unable to meet job commitments.
Skillman to lead trade mission to Japan
The lieutenant governor's delegation will will leave in September and focus on job creation.
Global micro lender Grameen ramps up in Indianapolis
Low-income women could receive loans in weeks.
Indiana banks continue quest for tax consistency
Lobby prepares new pitch for next legislative session.
Candidate Pence eyes Indiana income-tax cuts
Republican Mike Pence is looking at ways to cut Indiana income tax rates across the board if elected governor next year.
Indiana tax revenue better than expected for July
The new budget year is off to a good start for Indiana’s state government with about $23 million more in tax revenue coming in than expected.
Railroad plans Gary redevelopment, 251 jobs
Canadian National Railway Co. on Wednesday announced plans to relocate part of its operations from Markham, Ill., to northwest Indiana.
Indicted elections chief hires ex-prosecutor Brizzi
Indiana Secretary of State Charlie White has hired former Marion County Prosecutor Carl Brizzi as his lead defense attorney in his fight against voter fraud charges.
Navistar adding, eliminating factory jobs in Indiana
Navistar International Corp. announced plans Tuesday to create up to 400 factory jobs in northern Indiana while eliminating 250 manufacturing positions in the eastern part of the state.
Most Indiana lawmakers vote against raising debt ceiling
A majority of Indiana's congressional delegation bucked the trend and voted against emergency legislation to raise the nation's debt ceiling, drawing praise from a tea party official.
Democrat Gregg wants to improve manufacturing base
Former Indiana House Speaker John Gregg said Tuesday he would focus on rejuvenating the state's manufacturing base if he is elected governor next November.
Obama signs debt bill after final Senate vote
The Senate emphatically passed emergency legislation Tuesday to avoid a first-ever government default, rushing the legislation to President Barack Obama for his signature just hours before the deadline.