You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • World Cup defeat hurts stocks
    Argentina and Germany face off in the World Cup final on Sunday and investors in both countries will do well to be alert to potential drops on their stock markets the day after in case of defeat.
  • Big Tobacco companies in merger talks
    Big Tobacco may soon get smaller. The makers of Camel and Newport cigarettes said Friday they are in talks to combine two of the nation’s oldest tobacco companies. A deal between Reynolds American Inc.
  • Jobs coming to Kosciusko
    Kosciusko County will be getting a boost to its employment base after a business requested a $22 million tax abatement this week for new equipment.
Advertisement

Drought slows state’s economy

– The U.S. Bureau of Economic Analysis says incomes for Indiana residents were among the slowest-growing in the nation at the end of last year.

The bureau says lower farm incomes because of the worst drought in decades were a big factor in that slow growth that placed Indiana 48th among the 50 states for personal income for the last quarter of 2012. Vigo County Purdue Extension office spokesman Jim Luzar told the Tribune-Star that pork, milk and poultry producers were especially hard hit because of higher feed prices caused by the drought.

Despite that, personal income in Indiana for the year was up 3.7 percent compared with a year earlier. The bureau says that put the state 16th in the nation overall.

Advertisement