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Business Brief

(12/02/03 12:24am)

LOS ANGELES -- Stanley Gold, a key ally of former Walt Disney Co. vice chairman Roy E. Disney, resigned from the media conglomerate's board Monday, becoming the second vocal opponent of chairman and chief executive Michael Eisner to quit the board in two days.

Holiday profits put stores back in black

(12/12/03 12:16am)

Many stores around Bloomington have recently stocked their shelves just in time for Christmas with gifts to suit every whim and need. Stores such as Barnes & Noble, Radio Shack and Victoria's Secret have holiday items on sale to lessen the dent shopping can make on the customer's pocketbook. Overall retail sales on the first day after Thanksgiving jumped 4.8 percent from last year to this year and totaled $7.2 million, according to ShopperTrak.

Business briefs

(12/09/03 1:05am)

WASHINGTON -- The Federal Reserve, finally starting to see the hoped-for rebound in the economy, is expected to leave interest rates unchanged at its last meeting of the year, allowing consumers and businesses to enjoy the lowest rates in decades into the new year.

High oil, natural gas prices investigated

(01/13/04 1:15am)

The Commodities Futures Trading Commission and the New York Mercantile Exchange said Friday they have stepped up their surveillance of natural gas trading in the past week and industry sources said traders' telephone records have been subpoenaed as part of that effort. CFTC officials visited the trading pit this week, an employee of one New York-based trading firm that was subpoenaed said Friday. "They didn't give any specific indication that they're targeting a specific trade, a specific trader or a specific (trading) house," said the employee, speaking on condition of anonymity. R. David Gary, a spokesman for the CFTC in Washington, said the agency has increased surveillance because of recent volatility and high prices of natural gas trading activity on Nymex since the start of the month. But, as a matter of policy, he said the agency would neither confirm nor deny the existence of any formal investigation. Nymex spokeswoman Nachamah Jacobovits said the focus of the scrutiny is to "make sure that futures prices are reflective of what's happening on cash markets and that there's no manipulation."

Express to the Rescue

(01/19/04 11:15pm)

For 21 years, IU students have been getting it every night. Or at least that's what local fast-food bastion Pizza Express would say, more than 4 million pizzas after Jeff Mease and Jeff Hamlin first opened their doors to the Bloomington community. And now the Bloomington pizza staple has hit Indianapolis. Located at 923 Indiana Ave., just minutes from the IUPUI campus, the state capital's first Pizza Express promises consistency in flavor, price and brand, said Gabe Connell, co-owner of the Indianapolis location.

Kelley school teams with Scotts Co.

(02/02/04 11:38pm)

Students in the MBA program at IU's Kelley School of Business now have a chance to take part in a program which will allow them to gain not only class credit but real business world experience as well. The business school teamed with Bloomington Brands, LLC, created by Robert Stohler, an IU alumnus and former employee of Scotts, the company known for such products as Miracle Gro. While the company is widely known for its miracle plant growth enhancer, it also manufactures other home and garden products with less recognition across the nation.