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They come every year to Bloomington during mid-August in a swarm. They're much more profitable than, and not nearly as annoying as this summer's cicadas, but they make a huge difference in how the city of Bloomington runs everyday.
They're IU students. And they've come with credit cards, cash and checks, ready to buy out Bloomington.
PITTSBURGH -- How much would you pay for a bottle of beer that stays cold nearly an hour longer?
Pittsburgh Brewing Co., maker of Iron City Beer, is asking an additional $1 per case.
INDIANAPOLIS -- Eli Lilly and Company has imposed a company-wide hiring freeze and other "strict measures" as the drug maker continues working to overcome the loss of revenue from its former blockbuster-selling antidepressant, Prozac.
Number of poverty-stricken Americans rising
WASHINGTON -- The number of Americans living in poverty and without health insurance rose for the third straight year in 2003, the Census Bureau reported Thursday in a pair of reports that delivered a double dose of bad economic news for the Bush administration.
A couple of years ago, an entrepreneur named Thurman Jack began to reminisce about comfortable T-shirts from the 1980s.
"The T-shirts from the '80s were so soft," Jack said. "There aren't many shirts like that anymore."
After throwing around some ideas, he decided to start his own business re-creating the T-shirts he missed so much.
NEW YORK -- Brenda Matthews thought she had a new job lined up at Johnson & Johnson headquarters in New Jersey.
After applying online for a position as a patent specialist, she was called in for interviews that seemed to go well.
ATLANTA -- When Michael McCreary bought three new computers for his company, he had no need for one of the oldest and most common computer technologies, the floppy drive.
But like many computer customers, he ended up buying floppies anyway. After all, they're cheap, and he still has a few of the 3.5-inch disks lying around.
Employment rates rise slightly
WASHINGTON -- Employers stepped up hiring in August, expanding payrolls by 144,000 and lowering the unemployment rate marginally to 5.4 percent. While the figures didn't amount to a national job fair, they did hold the promise of stronger growth following the summer lull, analysts said.
IU's Kelley School of Business is hailed as one of the nation's top business schools. But some students want to learn outside of the classroom things that simply can't be taught.
James Chappo, a senior in the Kelley School, is taking a crash course in business management. He partnered with pal and fraternity brother Chris Camerucci to develop Triton Nutrition, a Web-based nutritional supplement provider.
NEW YORK -- Millionaire executive Martha Stewart announced Wednesday that she had decided to begin her prison sentence for lying about a stock trade as soon as possible. "I must reclaim my good life," she said, adding she hoped to be home in time to plant a spring garden.
Thai restaurants are neither new nor rare in the United States. There are more than 229 Thai restaurants located in Florida alone. But in Bloomington, where the Thai community comprises less than 100 people, it might come as a surprise that there are three Thai restaurants: Siam House, Esan Thai and Red Sea. Three Thai ladies, Wemonrat Pok, Ruangthong Schoonover and Kanokkan Kongcharoen, are behind the growing Thai scene in Bloomington. Though their paths were different, their common goal now is to serve authentic Thai food to a diverse community.
SAN JOSE, Calif. -- Call it the kitty's third life.
Roxio Inc. bought the Napster brand name and feline logo at a bankruptcy auction two years ago and with the acquisition of another music service, Pressplay, relaunched the once-renegade file-swapping pioneer as a legal music service last October.
Now in its latest reincarnation, Roxio has shed its CD-burning software business and plans to concentrate solely on selling and delivering music over the Web. It will adopt Napster as its corporate name, trading under a new ticker symbol.
LOUISVILLE, Ky. -- Chi-Chi's, the Mexican restaurant chain, may have served its last chimichanga.
Outback Steakhouse Inc. this week closed on its $42.5 million deal for the rights to 76 restaurants in the Chi-Chi's chain, which was beleaguered by bankruptcy and a hepatitis outbreak.
Outback plans to convert many of the restaurants into its own brands -- which include its signature Outback Steakhouse, Carrabba's Italian Grills, Bonefish Grills, Fleming's Prime Steakhouse and Wine Bars, Roy's and Cheeseburger in Paradise restaurants.
"We felt it was a good opportunity to acquire a large number of good locations that we can use for our brands," said Joseph Kadow, senior vice president for Outback Steakhouse Inc., based in Tampa, Fla.
Fed institutes interest rate increase
WASHINGTON, D.C. -- With the economy moving ahead and the nation's payrolls picking up a bit, Federal Reserve policy-makers boosted short-term interest rates for a third time this year -- but left economists split about when the next increase might come.
Federal Chairman Alan Greenspan and his Federal Open Market Committee colleagues -- the group which sets interest-rate policy -- increased the target for the federal funds rate from 1.50 percent to 1.75 percent. The funds rate is the interest banks charge each other on overnight loans and is the Fed's primary tool for influencing economic activity.
Should I clean or study? Clean or party? Clean or do anything else? These are the questions students at IU answer every day, and as many messy apartments and dorm rooms will attest, cleaning usually is the loser in the decision. Sticky floors and empty pizza boxes do eventually need cleaning, and the entrepreneurs of http:// www.afterpartycleaning.com are here to the rescue.
Making business connections may not be a top priority in the minds of a majority of college students, but for members of IU's Women in Business club, networking and gaining practical experience for the corporate world are major objectives.
"We have two purposes -- to develop women both professionally and personally," said senior and WIB President Stephanie Krause.
The club also provides an opportunity for women to take on leadership roles in a field traditionally dominated by males.
Consumer confidence falls
NEW YORK -- Continued job worries resulted in an unexpected decline in consumer confidence in September, the second consecutive monthly dip, a New York-based private research group said Tuesday.
The Consumer Confidence Index fell to 96.8 from a revised reading of 98.7 in August, according to The Conference Board. Analysts had expected a reading of 99.5.
Smartly dressed with their leather portfolios tucked under their arms, IU students had the opportunity Wednesday to mingle with possible employers at the annual Information Technologies Career Fair in Alumni Hall of the Indiana Memorial Union, where mini interviews were occurring at every table.
Many Indiana residents are familiar with the term brain drain -- the idea that thousands come to Indiana to receive degrees at highly-ranked colleges and universities, but then leave the state to find employment elsewhere.
NEW YORK -- If you're not ready to feverishly debate Iraq or the deficit in this bitterly divisive election year, you can always surf the Web, where politics is frequently nothing but a big joke.