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Influx of students returning to campus creates business boom

(08/31/04 1:29am)

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.

Around Business

(08/31/04 1:15am)

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.

Business in Brief

(09/09/04 12:38am)

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 senior operates online business

(09/15/04 11:57pm)

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.

Three businesswomen find Bloomington Thai food niche

(09/23/04 12:33am)

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.

Napster parent Roxio Inc. to begin offering pay-per-song online downloads

(09/23/04 12:33am)

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.

Outback Steakhouse to acquire Chi-Chi's

(09/23/04 12:34am)

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.

Business Briefs

(09/23/04 12:37am)

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.

Leave the cleaning to them

(09/30/04 1:33am)

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:// are here to the rescue.

Women in Business fosters professional skills, camaraderie

(09/30/04 12:53am)

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.

Business Briefs

(09/30/04 1:18am)

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.