Stories tagged with "downturn"

McCordsville completes $1.5M wastewater plant by Bill Mccleery

MCCORDSVILLE — Town crews have completed a $1.5 million wastewater treatment plant expansion. In addition, town officials are preparing to wrap up a $700,000 sewer project.... – Nov 13, 2009 at 2:10 PM in Hancock County

Clarian resumes construction on Fishers site by Daniel Lee

Indianapolis-based hospital system Clarian Health on Friday announced it has restarted construction work on its planned $190 million hospital in Fishers. Work was stopped in... – Oct 31, 2009 at 12:00 AM in Business

Cummins beats predictions by indystar

Engine maker’s cuts pushed quarterly profit 50 higher than expected% Columbus-based Cummins, the largest maker of heavy-duty diesel truck engines in North America, reported... – Oct 31, 2009 at 12:00 AM in Business

Publisher says strategy shift accounts for circulation drop by indystar

Indianapolis — Reflecting a downturn throughout the newspaper industry, The Indianapolis Star saw its circulation decline for the six months ending Sept. 30, according to new... – Oct 29, 2009 at 12:49 AM in Business

How are index funds performing during this economic downturn? by indystar

Because index funds are designed to mimic a particular index, such as the Standard&Poor’s 500, there is usually a lower turnover of securities — and lower costs for... – Oct 25, 2009 at 12:00 AM in Business

23 states report higher unemployment in September by indystar

WASHINGTON — Unemployment rates rose last month in 23 states and fell in 19 as the economy struggled to create jobs in the early stages of recovery. The Labor Department says... – Oct 21, 2009 at 11:22 AM in Business

Local homebuilding down 20% from a year ago by Jeff Swiatek

New home construction in the Indianapolis area is suffering from the looming Nov. 30 expiration of a federal tax credit for first-time homebuyers. The number of building permits... – Oct 17, 2009 at 12:00 AM in Business

Dow passes 10,000 amid cheers by indystar

Some wonder if level will hold NEW YORK — When the Dow Jones industrial average first passed 10,000, traders tossed commemorative caps and uncorked champagne. This time... – Oct 15, 2009 at 12:00 AM in Business

Considering a short sale? Here are a few short answers by indystar

NEW YORK — For a homeowner who needs to sell but has a mortgage balance higher than the property value, one option is something called a “short sale.” And... – Oct 12, 2009 at 12:00 AM in Business

WellPoint says economy could prompt it to cut more jobs by Daniel Lee

WellPoint is mulling more job cuts, although the company isn’t saying where the reductions would be made or how many positions could be trimmed. The Indianapolis-based health... – Sep 23, 2009 at 12:00 AM in Health Care & Pharma

Minus Douglas, Fever can't keep pace with Mercury by David Woods

You know that sports clich about great defense always beating great offense? That doesn’t always apply, at least not in the WNBA. Then again, there was nothing great about... – Sep 03, 2009 at 12:46 AM in Fever

American to cut attendant jobs by indystar

DALLAS — American Airlines is cutting 921 flight attendant jobs as it deals with an ongoing downturn in traffic and lower revenue. The airline said Tuesday that the cuts will... – Sep 02, 2009 at 12:00 AM in Business

Union OKs contract with Star by indystar

INDIANAPOLIS — Members of The Newspaper Guild Local 34070, which represents 185 hourly newsroom and building services employees at The Indianapolis Star, voted 56-45 Tuesday... – Aug 26, 2009 at 12:00 AM in Business

Rent-to-own leases have low risk for buyer by indystar

Question: How do rent-to-own options work, and are they a good deal for prospective homeowners? Answer: Leasing a home with an option to buy, or “rent-to-own” deals,... – Aug 23, 2009 at 12:00 AM in Home & Garden

Life in the rehab economy by indystar

The stock market’s surge last week could almost make you think that the go-go years are coming back. But listening to Obama administration officials and business leaders over... – Jul 24, 2009 at 4:46 PM in Commentary

Airport parking prices likely flying up by Bruce Smith

$16 all-day fee could go up to $22 as authority tries to offset revenue losses from fewer fliers, less cargo The cost of parking is headed up at Indianapolis International Airport,... – Jul 18, 2009 at 3:10 AM in Communities

June data show more industrial layoffs whittling state jobs base by Ted Evanoff

Indiana has lost nearly 100,000 factory jobs in the past year as the recession enters its 19th month, slamming the nation’s biggest industrial state and pushing up the pace... – Jul 18, 2009 at 1:00 AM in Business

Goldman Sachs shows strength and resilience by indystar

NEW YORK — Goldman Sachs is emerging as the king of post-meltdown Wall Street. The New York-based banking giant took advantage of improving markets to widen the gap between... – Jul 15, 2009 at 1:00 AM in Business

Recession forces Indiana families to adopt new roles by Diana Penner

More fathers find themselves taking care of children full time Mike Sweeney missed much of his first child’s first year, working 50 to 60 hours a week as a restaurant... – Jul 12, 2009 at 2:52 AM in Marion County

Cautious consumers cut credit use by indystar

4-month drop in borrowing is longest since ’91; May savings rate leaps 6.9% Consumers trimmed borrowing in May for the fourth straight month as the recession took another... – Jul 09, 2009 at 1:00 AM in Business