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| CONSUMER AFFAIRS column: Earth Day and consumer energy savings Sat, 19 Apr 2008 02:15:48 CDT Earth Day is April 22. As part of the celebration, we should consider what we can do at home to promote environmental conservation by saving energy. Saving energy also serves us as consumers, since we can save money. |
| BUSINESS AT LARGE column: No thanks for the credit offers Sat, 19 Apr 2008 02:15:48 CDT Dear Credit Card Companies: Thank you for the many nice letters asking me to sign up for your credit cards. In this period of the so-called "credit crunch,'' I'm flattered you'd want me as a customer when you don't know anything about me, including whether I even have a job and could pay for my purchases on your card. |
| FUTURES FILE: Economic news overseas drives up commodities Sat, 19 Apr 2008 02:15:48 CDT Many observers of U.S. commodities are used to the fact that international news can play a major part in the day-to-day price swings. |
| Peoples Bancorp 2Q earnings up from year ago Sat, 19 Apr 2008 02:15:48 CDT Prime Newswire AUBURN | Peoples Bancorp reported net income for the second quarter, ended March 31, of $786,606, versus $513,290 during the same quarter last year. |
| Citigroup lops off $14 billion in investments during 1Q Sat, 19 Apr 2008 02:15:48 CDT NEW YORK | Citigroup Inc. said Friday it will eliminate about 9,000 more jobs, after poor bets on defaulting loans and the tumultuous credit markets lopped $14 billion in value from its investments during the first quarter. |
| Business Web poll Sat, 19 Apr 2008 02:15:48 CDT Given the current economic situation, do you think the employment outlook for new college graduates is favorable? |
| Metal Prices Sat, 19 Apr 2008 02:15:48 CDT Copper $3.9195 -0.0225 Gold $912.20 -27.6 Silver $17.802 -1.025 Platinum $2066.30 +0.0117 |
| Crude Oil Sat, 19 Apr 2008 02:15:48 CDT Friday $116.05 +1.19 |
| Strike averted for moment at key GM transmission plant Sat, 19 Apr 2008 02:15:48 CDT WARREN, Mich. | A strike deadline passed Friday at a transmission plant vitally important to General Motors Corp.'s automaking operation with union workers remaining on the job as both sides agreed to keep bargaining. |
| Ranks of unemployed grow in Indiana Sat, 19 Apr 2008 02:15:48 CDT Indiana's unemployment rate surged to 5.1 percent in March, as 16,200 more Hoosiers found themselves out of work, according to preliminary figures from the U.S. Bureau of Labor Statistics. |
| Gaming chief expresses concern Sat, 19 Apr 2008 02:15:48 CDT SCHERERVILLE | The state of gambling in Northwest Indiana and across the state was the topic of Friday's Lake County Advancement Committee luncheon. |
| MARKET RECAP: Wall Street gains; investors cite results Sat, 19 Apr 2008 02:15:48 CDT NEW YORK Wall Street is closed the week with a rally, after results from companies like Citigroup and Google helped ease anxiety about corporate profits in a slowing economy. The major stock indexes at times rose more than 2 percent. |
| Has the recession hit (your) home? Fri, 11 Apr 2008 00:11:09 CDT Has your life been affected by the recession? Are you spending more and getting less? Are you having trouble paying your bills? Your mortgage? Your car payment? Your children's tuition? Have you had to cut nonessentials such as seeing shows or other recreational activities? |
| Car auction set for Saturday Bartel and Co. Auctioneers announce that the Spring Hooley Collector Car Auction is set for Saturday at the Elkhart County 4-H Fairgrounds in Goshen. |
| Attacks in Middle East, Nigeria send oil to record $117.40 Oil prices spiked to a record $117.40 a barrel after a Japanese oil tanker was hit by a rocket near Yemen and militants in Nigeria claimed two attacks on pipelines. |
| Officials say recession has begun |
| Michigan City manufacturer honored for work on space shuttle component Tue, 22 Apr 2008 00:05:46 -0500 MICHIGAN CITY | A manufacturer and worldwide supplier of filters is rocketing to fame with its stellar quality control that has earned it special recognition as a space shuttle component maker. |
| Schneider provides truck jobs contacts Tue, 22 Apr 2008 00:05:46 -0500 GARY | Trucking company Schneider National Inc. is providing contact information for people who want more information about its job recruitment fair at the Genesis Convention Center on April 30. |
| NiSource has Fortune 500 staying power Tue, 22 Apr 2008 00:05:46 -0500 MERRILLVILLE | NiSource Inc. came in 319th this year on Fortune magazine's list of the 500 largest companies in the United States. |
| BUSINESS BRIEFS: Quick hits from the region and beyond Tue, 22 Apr 2008 00:05:46 -0500 SCHERERVILLE Professionals group offers free conference The Expansion Business Professionals Group of NWI will host a free conference on at 7 p.m. Friday at the Patrician Banquet Center, 410 E. U.S. 30. |
| INSIDE INDIANA BUSINESS column: IU music school accounts for $120M in activity Tue, 22 Apr 2008 00:05:46 -0500 A new study shows the Indiana University Jacobs School of Music accounts for $120 million a year in economic activity in the state. It also supports about 900 jobs and generates $4.7 million in state and local taxes. The Impact of the Jacobs School of Music on the state of Indiana economic analysis was conducted by the Indiana Business Research Center at the IU Kelley School of Business. The school of music also had an educational impact with 400 alumni working as music educators around the state. |
| Lee Enterprises reports loss in second quarter Tue, 22 Apr 2008 00:05:46 -0500 DES MOINES, Iowa | Newspaper publisher Lee Enterprises Inc. swung to a loss in its second fiscal quarter on a charge related to its purchase of St. Louis Post-Dispatch. |
| Rates rise at weekly Treasury auction Tue, 22 Apr 2008 00:05:46 -0500 WASHINGTON | Interest rates on short-term Treasury bills rose in Monday's auction, with six-month bills rising to the highest levels since early March. |
| Retail gas hits record $3.50 a gallon as oil marches higher Tue, 22 Apr 2008 00:05:46 -0500 NEW YORK | Rising gasoline prices tightened the squeeze on drivers Monday, jumping to an average $3.50 a gallon at filling stations across the country. |
| Samsung chairman resigns over scandal Samsung Group Chairman Lee Kun-hee said Tuesday he was stepping down after 20 years as chief of South Korea’s biggest conglomerate in the aftermath of his indictment on tax evasion and other charges. |
| NIPSCO shut out on energy buy Thu, 24 Apr 2008 00:02:25 -0500 BP Alternative Energy has reached an agreement to purchase NiSource Inc.'s Whiting Clean Energy electric generating plant at the Whiting refinery for $210 million. |
| Health insurance big cost for small businesses Thu, 24 Apr 2008 00:02:25 -0500 Workers at Hammond-based Staff Source gave up fast food in favor of taking a lunch time walk this spring as part of the temporary staffing agency's wellness program. |
| INSIDE INDIANA BUSINESS column: Golden Rule plans center in Vincennes Thu, 24 Apr 2008 00:02:25 -0500 Gov. Mitch Daniels was on hand Wednesday for the announcement that Golden Rule Insurance Co. plans to create roughly 220 jobs with a customer care center in Vincennes. Daniels says the Indianapolis-based company's plans should be a big boost for the Vincennes-area economy. |
| Bullish on gold Thu, 24 Apr 2008 00:02:25 -0500 NEW YORK | Dazzled by the bull market in gold, people are digging through drawers for old dental caps, fillings and bridgework they saved years ago and selling them at prices that would make the tooth fairy blush. |
| Delta, Northwest lose combined $10.5B on high fuel, charges Thu, 24 Apr 2008 00:02:25 -0500 ATLANTA | Delta and Northwest, seeking to combine to create the world's largest airline, posted losses Wednesday totaling $10.5 billion due to exorbitant fuel prices and write-downs of their companies' value. |
| Sam's Club, Costco limit rice purchases as prices rise Thu, 24 Apr 2008 00:02:25 -0500 The two biggest U.S. warehouse retail chains are limiting how much rice customers can buy because of what Sam's Club, a division of Wal-Mart Stores Inc., called on Wednesday "recent supply and demand trends." (Learn more with this interactive graphic.) |
| Delta and Northwest report combined $10.5B loss on fuel cost ATLANTA (AP) — Delta Air Lines Inc., the nation’s third-largest carrier, said Wednesday its loss widened in the first quarter to a whopping $6.39 billion because of soaring fuel prices and the steep decline in the company’s market value. |
| Toyota takes 1Q world sales lead from General Motors DETROIT (AP) — Toyota has taken the global automotive sales lead from General Motors, selling 2.41 million vehicles to GM’s 2.25 million over the first three months of the year. |
| Clinton health adviser quizzed Fri, 25 Apr 2008 00:12:16 -0500 GARY | Saundra Horne worries about the uninsured students enrolled in courses at Ivy Tech Community College here. |
| Airport leases land for trade zone Fri, 25 Apr 2008 00:12:16 -0500 GARY | Foreign trade and increased job opportunities were on the radar at Thursday's meeting of the Gary/Chicago International Airport Authority Board. |
| State's economy a mixed bag Fri, 25 Apr 2008 00:12:16 -0500 MERRILLVILLE | Throughout Indiana, people are expressing uncertainty about the economy and about jobs, said Gerry Dick, keynote speaker at Thursday's 2008 Indiana University Northwest Business Speaker Series luncheon. |
| Arby's owner buying Wendy's for $2.34 billion stock deal Fri, 25 Apr 2008 00:12:16 -0500 COLUMBUS, Ohio | After two past rejections, the owner of Arby's shaved roast beef sandwich restaurants is buying Wendy's, the fast-food chain famous for its made-to-order square hamburgers and chocolate Frosty dessert, for around $2 billion. |
| INSIDE INDIANA BUSINESS column: State chamber releases annual vote analysis Fri, 25 Apr 2008 00:12:16 -0500 The Indiana Chamber of Commerce has released its annual Legislative Vote Analysis. The report scores the members of the Indiana House and Senate on how they voted on issues important to business and the Indiana economy during the 2008 General Assembly. Chamber President Kevin Brinegar says overall the vote scores are down dramatically from last year. He says that is due to the many anti-business bills the chamber worked to defeat. |
| Rates on 30-year mortgages top 6 percent Fri, 25 Apr 2008 00:12:16 -0500 WASHINGTON | Rates on 30-year mortgages topped 6 percent for the first time in six weeks as financial markets grew more worried about rising inflation pressures. |
| 4,200 workers taking buyout deals Fri, 25 Apr 2008 00:12:16 -0500 DEARBORN, Mich. | Ford Motor Co.'s latest buyout and early retirement offers were accepted by 4,200 hourly workers, or just over half the total the company was said to be aiming for -- raising the possibility of layoffs. |
| Ford swings to $100M profit in 1Q, surprises Wall Street Fri, 25 Apr 2008 00:12:16 -0500 DEARBORN, Mich. | Ford Motor Co. surprised Wall Street on Thursday with a $100 million profit in the first quarter as strong results from Europe and South America helped offset the impact of a slumping U.S. economy that cut car and truck sales in its main market. Its shares rose almost 6 percent. |
| Wall Street rises after drop in jobless claims, Ford results Fri, 25 Apr 2008 00:12:16 -0500 NEW YORK | Wall Street rallied Thursday after the government's jobless claims data and Ford Motor Co.'s first-quarter results helped reinject some optimism about the economy into the market. |
| KCH earns respiratory care recognition Kosciusko Community Hospital has earned Quality Respiratory Care Recognition through a national program.According to a press release from the hospital, the program is aimed at helping patients and families make informed decisions about the quality of the respiratory care services available in hospitals. |
| CONSUMER AFFAIRS column: Avoiding home improvement fraud Sat, 26 Apr 2008 00:18:02 -0500 The Indiana attorney general issued a news release this month warning citizens to be on guard during the spring storm season for unscrupulous contractors who may try to take advantage of storm damage by victimizing Hoosiers. |
| FUTURES FILE: Dollar surges as overseas governments get involved Sat, 26 Apr 2008 00:18:02 -0500 After a prolonged bear market for the dollar, especially against the euro, a swift and strong reversal was seen this week. |
| Local lessons power truck executive Sat, 26 Apr 2008 00:18:02 -0500 GARY || Whether he was striding to victory in the quarter mile, playing violin in the City Orchestra, or working summers in the steel mill, Grailing Jones said it was difficult to not toe the line in Gary in the late 1960s. |
| BUSINESS LAW column: ADA prohibits association discrimination Sat, 26 Apr 2008 00:18:02 -0500 We have noted in the past that the Americans With Disabilities Act primarily applies to three types of situations. |
| Workers say jobs being outsourced Sat, 26 Apr 2008 00:18:02 -0500 HOBART | The jobs of more than 200 Americall Group Inc. workers at the call center doing customer service support for Time Warner Cable are being outsourced to the Philippines, workers said Friday. |
| Rice prices up; local supplies good Sat, 26 Apr 2008 00:18:02 -0500 Area shoppers aren't being affected by the recent national reports of a rice shortage, but there has been a hike in its price, local store officials said Friday. |
| HealthLinc expanding to Michigan City Sat, 26 Apr 2008 00:18:02 -0500 Times Staff Report MICHIGAN CITY | Valparaiso-based HealthLinc (formerly Hilltop Community Heath Center) has expanded operations to a new |
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