Stories tagged with "credit crisis"

Major lender files for Chapter 11 by indystar

Business loans to continue, as action keeps CIT afloat; U.S. likely out $2.3 billion WASHINGTON — Lender CIT Group has filed for Chapter 11 bankruptcy protection in an effort... – Nov 02, 2009 at 12:00 AM in Business

The three envelopes by indystar

Old Soviet joke: Moscow, 1953. Stalin calls in Khrushchev. “Niki, I’m dying. Don’t have much to leave you. Just three envelopes. Open them, one at a time, when... – Oct 30, 2009 at 12:00 AM in Commentary

4 Indiana senior living centers part of Sunrise sale by Tom Spalding

Virginia-based Sunrise Senior Living has agreed to sell 21 assisted living communities, including four in Indiana,to a competitor for $204 million. The four Sunrise facilities are... – Oct 16, 2009 at 12:00 AM in Business

Water utility's credit costs swell by Ted Evanoff

Moody’s rating cut on bonds adds to woes at Indianapolis Water Indianapolis Water’s investment meltdown is hitting customers again. Moody’s Investors Service cut... – Jul 11, 2009 at 1:00 AM in Business

Foreign investment comes a-knocking in Indiana by Ted Evanoff

Survey: Tops in region in luring global investors Indiana led all Midwestern states in attracting foreign investment from 2006 to 2008, a new Indiana University study says. Foreign... – Jun 30, 2009 at 1:23 AM in Business

Troubles in the field by indystar

Once-thriving organic farms are feeling the squeeze as customers rein in spending DELPHI, Ind. The recession and credit crisis have made times uncertain for organic farmers, who... – Jun 26, 2009 at 11:27 PM in Business

Jobless rate in state expected to climb higher by Ted Evanoff

Experts say auto shutdowns, debt levels could push unemployment to 11.5% The recession that bit viciously into the economy last fall and spit thousands of Indiana residents out on... – Jun 20, 2009 at 2:47 AM in Communities

Some Indiana banks blooming in parched market by Dana Hunsinger

Some state lenders adding jobs; others’ product lines fuel growth It has been a tough time in the financial world, with the Lehman Bros. bankruptcy, the Bear Stearns collapse... – Jun 16, 2009 at 1:00 AM in Business

Lauth Group owes $299M in bankruptcy by Jeff Swiatek

Carmel developer Lauth Group has listed debts of $299 million and assets of just $73,233 for one of its key subsidiaries that filed for bankruptcy May 1. Indiana creditors owed... – May 22, 2009 at 2:23 PM in Business

Lauth seeks protection against Chicago lender by Jeff Swiatek

Carmel developer Lauth Group has asked bankruptcy court to prevent a Chicago lender from taking control of Lauth assets while in bankruptcy. The request for the stay order against... – May 05, 2009 at 12:46 PM in Business

<a href="http://content.usatoday.net/dist/custom/gci/InsidePage.aspx?cId=indystar&sParam=30541983.story">Wall Street set for moderately lower opening</a> by indystar

Wall Street was poised for a moderately lower opening today as investors prepare for earnings season to begin in earnest and await new economic data that will provide more details... – Apr 13, 2009 at 8:04 AM in Business

Jobless claims slow but still post increase by Ted Evanoff

Hiring at schools, colleges helped keep rate from heading past 9.4% Indiana might not be out of the recession yet, but new hiring in schools and colleges cushioned the state last... – Mar 28, 2009 at 2:51 AM in Business

Stocks continue to slide by indystar

Dow falls below 7,000 for first time in nearly 12 years NEW YORK — Investors’ despair about financial companies and the recession has brought the Dow Jones industrial... – Mar 03, 2009 at 1:11 AM in Business

Wall Street slides after Citigroup deal by indystar

NEW YORK — Wall Street ended another unforgiving month with a steep loss as Citigroup Inc. and General Electric Co. both unsettled investors. Citigroup plans to turn over a big... – Feb 27, 2009 at 4:50 PM in Business

Unions throw out lifeline by indystar

As Congress and the White House lurch toward possible approval of a loan package for the crippled auto industry, we are undoubtedly in store for more union-bashing. Note well... – Dec 09, 2008 at 2:04 AM in Opinion

Tribune files for bankruptcy protection by indystar

NEW YORK — Media conglomerate Tribune Co. filed for bankruptcy protection today, as the owner of the Chicago Tribune, the Los Angeles Times, the Chicago Cubs and other... – Dec 08, 2008 at 2:31 PM in Business

Citigroup bailout propels 400-point surge by indystar

NEW YORK -- The government's plan to bail out Citigroup sent Wall Street soaring Monday for the second straight session as investors hoped the worst of the financial industry's... – Nov 25, 2008 at 10:02 AM in Business

Layoffs continue to pile up for RV industry by indystar

Bristol-based Kinro Inc., a maker of aluminum and vinyl windows for recreational vehicles, alerted the Indiana Department of Workforce Development that it will lay off 143... – Nov 18, 2008 at 8:01 AM in Business

Citi piles on more job cuts by indystar

In the latest sign that financial institutions continue to wobble, Citigroup said it plans to eliminate 53,000 more jobs and cut expenses by 20 percent.About half of the... – Nov 18, 2008 at 2:07 AM in Business

Jayco plans to close Starcraft trailer plant by indystar

TOPEKA Recreational vehicle manufacturer Jayco Corp. plans to close its Starcraft trailer plant in early January, idling 244 workers. Jayco's Starcraft plant builds folding... – Nov 18, 2008 at 2:06 AM in Business