Economy

414 N Highland Indianapolis, IN 46202

414 N Highland  Indianapolis, IN 46202

414 N Highland Indianapolis, IN 46202

This Contemporary loft interior is a beautiful combination of light & open space. It was custom designed & built by the Redevelopment Group (RDG). The fenced backyard is perfect for pets, gardening or maybe adding a swimming pool. The city skyline can be enjoyed from a wall of windows inside or outside from the comfort of a screened porch or the large deck. Easy access to anywhere downtown, walk or bike!

Private Company Sales Continue to Grow, GDP Expected to Follow, But What about Unemployment?

Private Company Sales Continue to Grow, GDP Expected to Follow, But What about Unemployment?

Private Company Sales Continue to Grow, GDP Expected to Follow, But What about Unemployment?

April 26, 2012–According to data released today by Sageworks, privately held companies in the United States saw average sales growth of 8.3 percent in the 12-month period ending in April 2012. That’s up slightly from the 2011 growth rate of around 8.2 percent, and up significantly from the low in 2009, when sales declined by an average of almost 6 percent. Since private companies drive over 50 percent of GDP, the increase in average revenue growth bodes well for the first quarter real GDP estimate being released tomorrow.

Financial Metric 2007 2008 2009 2010 2011 Last 12 Months
Private Company Sales Growth* 6.15% 3.60% -5.75% 4.76% 8.19% 8.29%
U.S. Real GDP Growth 1.90% -0.30% -3.50% 3.00% 1.70% n/a

*Source: Sageworks, a financial information company

While private company sales and U.S. GDP have been growing consecutively for over two years, another important economic indicator, the national unemployment rate, now at 8.2 percent, has not improved at a similar rate.

Brian Hamilton, CEO of Sageworks and a noted expert on privately held companies explained, “In reviewing the numbers, the fear now is that we may be running out of runway before the onset of another recession. We will not be surprised to see continued growth in GDP given the fact that privately held companies continue to grow at a healthy rate. However, what is becoming slightly concerning is that the unemployment rate is not decreasing at a fast enough rate. In general, if you look over a long period of time, the average expansionary cycle is approximately 4 years and the average recessionary period is one year. Historically, it has taken approximately 12 to 20 months for unemployment to fall in an expansion to roughly pre-recession levels. Right now, we are into the 34th month of the recovery, and, yet, unemployment remains too high. If we don’t get employment up, we may be bumping into the next recession, during which time we cannot expect job growth.”

Residence Inn Indianapolis Downtown On The Canal Unveils Innovative Renovation

Residence Inn Indianapolis Downtown On The Canal Unveils Innovative Renovation

Merrillville, Ind.- White Lodging Services is pleased to announce the Residence Inn Indianapolis Downtown on the Canal has undergone a complete renovation of its 134 suites and public spaces, transforming it into an upscale hotel, designed to enhance the comfort and lifestyle of travelers on the road today. The newly refreshed hotel, owned by RLJ Lodging Trust and located at 350 W. New York St., offers guests flexible spaces and amenities to help maintain a healthy balance and routine while traveling.

Hilton Appoints Stuart Foster as Vice President of Marketing

Hilton Appoints Stuart Foster as Vice President of Marketing

MCLEAN, Va.–(BUSINESS WIRE)–Today, Hilton Worldwide Luxury Brands announced Stuart Foster as Vice President of Marketing. Former Vice President of the Southeast Region for Moët-Hennessy USA, a division of LVMH, Foster will lead all luxury marketing initiatives and oversee the strategic development of global positioning for Waldorf Astoria Hotels & Resorts and Conrad Hotels & Resorts. Foster will report directly to John Vanderslice, Global Head of Luxury & Lifestyle Brands, of Hilton Worldwide and work from the Hilton Worldwide Headquarters in McLean, Va.

Budget cuts were deepest in Brazil

Budget cuts were deepest in Brazil

  Luciene Cruz and Wellton Máximo       Reporters Agência Brasil Brasília – Following the announcement of R$55 billion in budget cuts, the Ministry of Planning explained that slightly over R$12 billion will come out of the budgets of the ministries of Health (R$5.4 billion), Defense (R$3.3 billion) and Cities (R$3.3 billion). Even so, according to Planning, […]

First to Place Their Cards in the Isis™ Mobile Wallet

First to Place Their Cards in the  Isis™ Mobile Wallet

Isis Mobile Wallet featuring Chase, Capital One and Barclaycard cards (Graphic: Business Wire) Chase, Capital One and Barclaycard First to Place Their Cards in the  Isis™ Mobile Wallet Starting This Summer, the Isis Mobile Wallet Will Be Available to       More Than 100 Million U.S. Card Holders Mobile World Congress 2012 BARCELONA, Spain–(BUSINESS WIRE)–Isis™, the mobile […]

SparkWeave to Exhibit at RSA Conference 2012

SparkWeave to Exhibit at RSA Conference 2012

Company:             SparkWeave Booth/Stand:           MS-#32 Event:           RSA Conference 2012 Feb 27 – Mar 2, 2012 San Francisco,           CA, US Web: http://www.sparkweave.com Twitter: http://twitter.com/sparkweave The SparkWeave™ Secure Collaboration Suite of applications is hosted on the SparkWeave Private Cloud and delivers the gateway access to company data that end-users demand, in a secure/compliant manner.  It’s […]

John Hogan Promoted to Chairman and CEO of Clear Channel Media and Entertainment

John Hogan Promoted to Chairman and CEO of Clear Channel Media and Entertainment

  Award-Winning Radio Veteran Has Overseen Rebranding and Integration of Extensive Assets and Franchises, Like Iconic Brands KIIS FM, Z100, KFI And Others, Across Platforms Including Broadcast Radio, Satellite, HD, Online, and Mobile   Continues to Drive Innovations that are Listener-, Artist-, and Advertiser-Friendly NEW YORK–(BUSINESS WIRE)–CC Media Holdings, Inc. (OTCBB: CCMO), a leading global […]