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Good news on economy pushes stocks to record highs

More encouraging economic news and friendly signals from the Federal Reserve cheered investors on Thursday, as the S&P 500 and Dow Jones industrial average closed at all-time highs.

 

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Revenue loss to fuel push for Indiana casino help in 2015

INDIANAPOLIS (AP) — Indiana casino owners say they need to find ways to become more competitive after losing more than $110 million in revenue to increased competition from neighboring states. They’re hoping Republican Rep. Tom Dermody of LaPorte will help. Dermody was named chairman of …

Indiana Dunes Tourism grants available

Tourism Grants Available: Indiana Dunes Tourism is offering grant money to people and groups who plan to bring visitors into Porter County by building new attractions or by organizing festivals, events, business meetings and sports tournaments in 2015, according to a release from the organization. …

US families need to boost savings: Yellen

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The Great Recession showed that a large number of American families are “extraordinarily vulnerable” to financial setbacks because they have few assets to fall back on, Federal Reserve chairman Janet Yellen said Thursday.

Expansions planned at 2 Indiana RV factories

Thor Industries is planning expansion projects at two recreational vehicle factories in northern Indiana.

Boeing venture hires Bezos to build rocket engines

Amazon.com founder Jeff Bezos plans to build a rocket engine that would eventually replace the Russian mainstay used in many American unmanned launches. United Launch Alliance, a collaboration of Lockheed Martin and Chicago-based Boeing that launches unmanned rockets, announced Wednesday that it will pay Bezos’ …

US home construction drops 14.4 percent in August

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U.S. home construction plunged in August, led by steep decline in the volatile apartment category. Single-family house construction fell by a modest amount.

Applications for US jobless benefits fall sharply

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The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, a sign that the job market is strengthening.

Bayer to split off polymer division with IPO

German pharmaceuticals and chemicals company Bayer AG says it plans a separate stock listing for its polymer division.

Fed signals plan to keep key rate at record low

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The Federal Reserve signaled Wednesday it plans to keep a key interest rate at a record low for a considerable period because a broad range of U.S. economic measures remain subpar.

Kohl’s holiday hiring to rise by a third

Kohl’s Corp. says it will hire more than 67,000 seasonal workers nationwide for the holiday shopping season, about a third more than last year’s 50,000.

Family Dollar tells investors to reject takeover

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Family Dollar is telling shareholders to reject an unsolicited, $9.1 billion takeover bid by its rival, Dollar General. Family Dollar is trying to arrange a sale to another bargain chain, Dollar Tree.

US consumer prices fall 0.2 percent in August

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U.S. consumer prices edged down in August, the first monthly drop since the spring of 2013, as gasoline, airline tickets and clothing prices all fell. It was the latest evidence that inflation remains under control.

Sony forecasts $2B loss as smartphones lag

Sony expects its annual loss to swell to $2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business.

General Mills misses Street 1Q forecasts

General Mills Inc. on Wednesday reported profit of $345.2 million in its fiscal first quarter, falling short of Wall Street expectations.

FedEx tops Street 1Q forecasts

FedEx Corp. on Wednesday reported profit of $606 million in its fiscal first quarter, beating Wall Street expectations.