| Indiana Developers Submit Bids for Market Square Arena Site
The Metropolitan Development Commission is expected to make its decision by July on two bids submitted for the redevelopment of the former Market Square Arena site in downtown Indianapolis. Developer Kosene & Kosene submitted a bid, as did Market-Ability, Inc., which consists of four Indiana developers. That group is proposing a $150 million, 523,000 square foot mixed-use development that would include a Target store. If the proposal is selected by the City of Indianapolis, the group says it would break ground in October, with completion slated for 2009.
Source: Inside INdiana Business
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Green bids to weather storm at Upton Park
Robert Green reflects on his first season at West Ham. "It's been extraordinary," he says. "Like being stuck in the eye of a storm. Inside the training ground, on the pitch, in the stadium it's been a media circus. A frenzy. Like something I've never encountered. All the stuff that's been going on off the pitch. The takeover. The arrival of a new manager after what seemed like a few days. The threat of having points deducted. The arrival of the boys from Argentina. Scroll down to read more: .
Lively jobs report fails to jolt stocks
Stocks barely budged in thin trading Monday, as many traders took an extra day off after the Easter holiday. Trading was closed in Europe. There was no delayed reaction to last Friday's strong report on U.S. job growth in March.
The Dow Jones industrial average added 8.94 points, to 12,569.14. Gains by McDonald's and Intel accounted for the Dow's advance. Altria Group and Exxon Mobil were the biggest Dow losers.
The broader Standard & Poor's 500 index posted a slim advance but the Nasdaq composite index and Russell 2000 index of small-company stocks declined slightly. There were more declining stocks than winners on the New York Stock Exchange and Nasdaq market.
Rumors of buyouts of public firms by private investors continued to lift stock prices.
Japan's Notes Have Weekly Gain on Expectation Rates to Stay Low
April 14 (Bloomberg) -- Japan's five-year notes had a weekly gain on speculation slowing corporate spending will encourage the central bank to keep interest rates unchanged in coming months. The notes halted a three-week decline, the longest slump since January, after a report on April 11 showed a worse-than- expected drop in machinery orders, highlighting concerns export growth may slow. Five-year notes also rose after an auction of the debt two days ago drew the second-highest demand in the past year. ``Investors such as banks are probably favoring the medium- term notes based on the view that the central bank won't raise rates anytime soon,'' said Hiroaki Takai, who helps oversee the equivalent of about $6.7 billion in assets at Sumitomo Mitsui Asset Management Co.
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