Post-Tribune http://posttrib.suntimes.com Latest news from Post-Tribune Online en-us webmaster@suntimes.com (Editor) http://posttrib.suntimes.com/csp/cms/sites/STM/assets/img/logos/posttrib.gif Post-Tribune http://posttrib.suntimes.com 84 34 30 Copyright 2014 <![CDATA[ Truck deals help boost US auto sales in September ]]> Lead story image

Big discounts on pickup trucks kept U.S. auto sales strong in September. General Motors Co. and Chrysler Group led the industry with 19-percent sales increases over last September. Ford’s sales dropped 3 percent. ]]> Wed, 01 Oct 2014 12:39:37 -0500 http://posttrib.suntimes.com/business/30210343-420/truck-deals-help-boost-us-auto-sales-in-september.html http://posttrib.suntimes.com/business/30210343-420/truck-deals-help-boost-us-auto-sales-in-september.html <![CDATA[ US stocks drop sharply; airlines sink ]]>

U.S. stocks sank Wednesday, and the Dow Jones industrial average fell more than 200 points, on disappointing economic news and a slide in airlines stocks over Ebola fears. ]]> Wed, 01 Oct 2014 12:31:20 -0500 http://posttrib.suntimes.com/business/30211262-420/us-stocks-drop-sharply-airlines-sink.html http://posttrib.suntimes.com/business/30211262-420/us-stocks-drop-sharply-airlines-sink.html <![CDATA[ Tesco says UK authorities to investigate accounts ]]>

Tesco, one of the world’s largest food retailers, says U.K. authorities are conducting a full investigation after its half-year profit was overstated by $407 million. ]]> Wed, 01 Oct 2014 07:34:00 -0500 http://posttrib.suntimes.com/business/30210354-420/tesco-says-uk-authorities-to-investigate-accounts.html http://posttrib.suntimes.com/business/30210354-420/tesco-says-uk-authorities-to-investigate-accounts.html <![CDATA[ General Mills plans to cut 700 to 800 jobs ]]>

General Mills plans to cut between 700 and 800 jobs, the second time it’s trimmed its work force in a month, as the food company adjusts for a shift by U.S. consumers away from boxed or frozen meals. ]]> Wed, 01 Oct 2014 08:19:55 -0500 http://posttrib.suntimes.com/business/30210346-420/general-mills-plans-to-cut-700-to-800-jobs.html http://posttrib.suntimes.com/business/30210346-420/general-mills-plans-to-cut-700-to-800-jobs.html <![CDATA[ RV industry shipments on best pace since 2007 ]]>

ELKHART (AP) — Business is still looking good this year for northern Indiana’s recreational vehicle companies. The Recreation Vehicle Industry Association says combined shipments of towable RVs and motorhomes rose by nearly 6 percent in August from the same month last year. The Elkhart Truth reports that RV shipments for the first eight months of 2014 have reached about 246,000 units, a gain of 9 percent from 2013. The RV association says that puts the industry on pace to ship about 350,000 units, which would be the most since 2007. Those shipments dropped to about 165,000 in 2009. The association … ]]> Tue, 30 Sep 2014 11:35:51 -0500 http://posttrib.suntimes.com/business/30196003-420/rv-industry-shipments-on-best-pace-since-2007.html http://posttrib.suntimes.com/business/30196003-420/rv-industry-shipments-on-best-pace-since-2007.html <![CDATA[ Indiana casinos want wagering, admission taxes cut ]]>

INDIANAPOLIS (AP) — A legislative committee is weighing requests from Indiana casino operators for cuts to the state’s wagering and riverboat admission taxes as they try to stem the loss of gamblers to competitors in neighboring states. Several casino representatives have asked the Legislature’s public policy study committee to consider steps such as reducing the tax on casino winnings that now ranges from 40 percent to 15 percent depending on annual revenue. Many also want elimination of the $3 admission tax for everyone who enters one of the state’s 11 riverboats, even if not gambling. Casino officials said they need … ]]> Tue, 30 Sep 2014 10:58:00 -0500 http://posttrib.suntimes.com/business/30195942-420/indiana-casinos-want-wagering-admission-taxes-cut.html http://posttrib.suntimes.com/business/30195942-420/indiana-casinos-want-wagering-admission-taxes-cut.html <![CDATA[ EU says Ireland grants Apple illegal tax benefits ]]> Lead story image

Ireland appears to be granting Apple illegal tax rebates that may have to be recouped, the European Union’s competition watchdog said Tuesday as it pressed on with an inquiry into the iPhone maker’s overseas tax practices. ]]> Tue, 30 Sep 2014 07:30:01 -0500 http://posttrib.suntimes.com/business/30192665-420/eu-says-ireland-grants-apple-illegal-tax-benefits.html http://posttrib.suntimes.com/business/30192665-420/eu-says-ireland-grants-apple-illegal-tax-benefits.html <![CDATA[ Walgreen posts 4Q loss on Alliance Boots charge ]]>

Walgreen booked a $239 million loss in its fiscal fourth quarter after swallowing a huge accounting charge from its Alliance Boots acquisition, but the drugstore chain’s results still met Wall Street expectations. ]]> Tue, 30 Sep 2014 11:28:45 -0500 http://posttrib.suntimes.com/business/30192642-420/walgreen-posts-4q-loss-on-alliance-boots-charge.html http://posttrib.suntimes.com/business/30192642-420/walgreen-posts-4q-loss-on-alliance-boots-charge.html <![CDATA[ Ford shares fall as company lowers Europe outlook ]]>

Ford shares tumbled Monday after the automaker said it will fall short of its full-year profit goals. ]]> Mon, 29 Sep 2014 16:30:46 -0500 http://posttrib.suntimes.com/business/30182522-420/ford-shares-fall-as-company-lowers-europe-outlook.html http://posttrib.suntimes.com/business/30182522-420/ford-shares-fall-as-company-lowers-europe-outlook.html <![CDATA[ Toyota recalls 690,000 pickups to fix rear springs ]]>

Toyota says it is recalling 690,000 Tacoma pickup trucks because the rear leaf springs could break, puncture the gas tank and cause a fire. ]]> Mon, 29 Sep 2014 13:28:00 -0500 http://posttrib.suntimes.com/business/30180550-420/toyota-recalls-690000-pickups-to-fix-rear-springs.html http://posttrib.suntimes.com/business/30180550-420/toyota-recalls-690000-pickups-to-fix-rear-springs.html <![CDATA[ Honeywell, Tata to make navigator for India’s army ]]>

Honeywell International Inc. said Monday that it is partnering with Tata Power to help make navigation systems for India’s military. ]]> Mon, 29 Sep 2014 09:58:01 -0500 http://posttrib.suntimes.com/business/30176806-420/honeywell-tata-to-make-navigator-for-indias-army.html http://posttrib.suntimes.com/business/30176806-420/honeywell-tata-to-make-navigator-for-indias-army.html <![CDATA[ Safety agency studying Toyota acceleration problem ]]>

U.S. safety regulators are looking into a consumer’s petition alleging that older Toyota Corollas can accelerate unexpectedly at low speeds and cause crashes. ]]> Mon, 29 Sep 2014 09:10:00 -0500 http://posttrib.suntimes.com/business/30176028-420/safety-agency-studying-toyota-acceleration-problem.html http://posttrib.suntimes.com/business/30176028-420/safety-agency-studying-toyota-acceleration-problem.html <![CDATA[ Economy expected to continue steady recovery ]]>

Economists see steady growth but remain mixed on their outlook for the health of different segments of the U.S. economy. Investments by businesses and government, as well as international trade activity, will grow at a faster rate than previously forecast, according to a survey released Monday by the National Association for Business Economics. However, consumer spending and investments in homes will be lower than previously predicted because of Americans’ lagging wage growth and trouble obtaining loans. The predictions come in a quarterly survey of 46 forecasters that was conducted between Aug. 25 and Sept. 9. Following an unusually high degree … ]]> Mon, 29 Sep 2014 00:07:24 -0500 http://posttrib.suntimes.com/business/30169941-420/economy-expected-to-continue-steady-recovery.html http://posttrib.suntimes.com/business/30169941-420/economy-expected-to-continue-steady-recovery.html <![CDATA[ Beauty college students among nation’s tops in defaulting on loans ]]> Lead story image

A Merrillville college is among the tops in the nation when it comes to students defaulting on their loans. The Merrillville Beauty College, 48 W. 67th Place, had a 45.2 percent default rate in fiscal 2011; a 30.7 percent rate in 2010; and an 8.3 percent rate in 2009, according to the Department of Edcuation. which listed a report on its website Wednesday. The Merrillville school was one of 21 with similar records in the nation. Any school with a default rate of 30 percent or more for three straight years or with a 40 percent rate for the latest … ]]> Fri, 26 Sep 2014 02:01:32 -0500 http://posttrib.suntimes.com/business/30099601-418/beauty-college-students-among-nations-tops-in-defaulting-on-loans.html http://posttrib.suntimes.com/business/30099601-418/beauty-college-students-among-nations-tops-in-defaulting-on-loans.html <![CDATA[ US consumer sentiment index reaches 14-month high ]]> Lead story image

A measure of U.S. consumer confidence reached its highest level since July 2013, led by greater optimism that the economy will grow and incomes will rise. The University of Michigan said Friday that its index of consumer sentiment rose to 84.6 in September from 82.5 in August. That’s the second highest level in the past seven years, although the index has rarely topped 85 since the Great Recession. Before the downturn, it typically stood above 90. Still, the sunnier outlook could spur consumers to spend more, which would accelerate economic growth. Consumer spending accounts for about 70 percent of economic … ]]> Sat, 27 Sep 2014 10:16:46 -0500 http://posttrib.suntimes.com/business/30118236-420/us-consumer-sentiment-index-reaches-14-month-high.html http://posttrib.suntimes.com/business/30118236-420/us-consumer-sentiment-index-reaches-14-month-high.html <![CDATA[ Business briefs for Sept. 29 ]]>

Small-Business Marketing Workshop: Indiana University Northwest’s School of Business and Economics and the Northwest Indiana Small Business Development Center will host a free marketing communications workshop, “Helping Small Businesses Develop Cost-Effective Marketing Communications,” from noon to 4 p.m. Thursday in Room 1156 of the Dunes Medical/Professional Building on campus, 3400 Broadway, Gary. Marketing professor Subir Bandyopadhyay will facilitate the program. Seating is limited and registration is required. To attend, call (219) 644-3513 or register online by visiting goo.gl/4hlP6H. For information about parking at IU Northwest, visit www.iun.edu/parking/index.htm. Special-Needs Trusts Workshop: Opportunity Enterprises, the Law Office of Connie Bauswell and the … ]]> Mon, 29 Sep 2014 02:04:27 -0500 http://posttrib.suntimes.com/business/30082615-420/business-briefs-for-sept-29.html http://posttrib.suntimes.com/business/30082615-420/business-briefs-for-sept-29.html