News & Analysis

After WISH drama, CBS reaches deal with Lin for affiliates

August 28, 2014
 Bloomberg News and IBJ Staff
CBS Corp. has agreed to renew affiliation agreements for 12 stations owned by Lin Media after it played hardball with the company and dropped its ties with WISH-TV in Indianapolis.
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Tech entrepreneur Braun named DWD commissioner

August 28, 2014
Jeff Newman
State Rep. Steve Braun, an entrepreneur who sold a publicly traded technology company a decade ago, will take over leadership of the Indiana Department of Workforce Development in late November, Gov. Mike Pence announced Thursday morning.
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Boone County agency taps native as eco-devo leader

August 28, 2014
Andrea Muirragui Davis
Molly Whitehead joined Boone Economic Development Corp. as executive director Aug. 18, a little more than a month after predecessor Bryan Brackemyre left for a job at Ernst & Young.
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Meat processing company plans new Indiana plant

August 28, 2014
Associated Press
The project by Boar's Head Meats includes an initial investment of $80 million to build a 150,000-square-foot building where up to 200 people will work.
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Cold cash just keeps washing in from ALS challenge

August 27, 2014
Associated Press
Approaching $100 million, the viral ice bucket fundraising campaign for the ailment better known as Lou Gehrig's Disease has put the ALS group into the top ranks for medical charity donations.
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Work-share program debated by study committee

August 27, 2014
 The Statehouse File
Business leaders split Wednesday on their support of a proposed work-share program that would let Indiana companies reduce work hours for employees, who could then collect partial unemployment benefits.
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ISTA urges Pence to seek accountability delay

August 27, 2014
Associated Press
Indiana's largest teachers union is urging Gov. Mike Pence to support freezing the state's education accountability system for one year because of revisions to the ISTEP test being driven by the state's new academic standards.
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Ten local innovations chosen to reap awards

August 27, 2014
Norm Heikens
New things ranging from apprenticeships to beer dispensers to the Indianapolis Zoo's orangutan exhibit are in line for awards at this year’s Day of Innovation at Hilbert Circle Theatre.
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Customer service firm plans to hire 1,000 workers

August 27, 2014
Mason King
The new part-time and full-time jobs will pay in a range of $12 to $18 per hour, according to Boston-based Interactions Corp.
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Ex-Indiana elections chief starts political blog

August 27, 2014
Associated Press
Former Indiana Secretary of State Charlie White has been stripped of office and he doesn't have a job, so he's turning to the Internet.
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HQ move earns pharma firm another tax break

August 27, 2014
Andrea Muirragui Davis
A Carmel-based institutional pharmacy plans to invest $8 million expanding its Noblesville operations, which include its headquarters. On Tuesday, it received its second tax-incentive deal from the city in two years.
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U.S. farm income seen falling from record 2013 levels

August 27, 2014
Bloomberg News
Lower prices for corn and soybeans will drive the profits of U.S. farmers down to an estimated $113.2 billion in 2014, a decline of 14 percent from last year’s record, according to the Department of Agriculture.
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U.S. economy forecast to grow by 1.5 percent in 2014

August 27, 2014
Associated Press
The Congressional Budget Office says the U.S. economy will grow by just 1.5 percent this year — hurt by a poor first-quarter performance. This new assessment is considerably more pessimistic than the Obama administration's.
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Time Warner Cable says major outages largely resolved

August 27, 2014
Associated Press
Time Warner Cable said Wednesday that service was largely restored after a problem that occurred during routine maintenance caused a nationwide outage of its Internet service for hours.
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UPDATE: Security gates on tap for governor's mansion

August 27, 2014
Kathleen McLaughlin
Preservation officials for the Meridian corridor have given unanimous approval for wrought-iron gates and brick columns at the entrances to the mansion at 46th and Meridian streets.
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Democrat: Indiana Statehouse lacks ethics

August 26, 2014
Associated Press
A trio of ethics investigations into Indiana officials this year left many watchdogs grumbling about loopholes in the state's ethics laws.
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Judges chide state lawyers over gay marriage bans

August 26, 2014
Associated Press
Federal appeals judges bristled on Tuesday at arguments defending gay marriage bans in Indiana and Wisconsin, with one Republican appointee comparing them to now-defunct laws that once outlawed weddings between blacks and whites.
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Loss of CBS affiliation slices $110M from Indy station's value

August 26, 2014
Cory Schouten
How much value did the CBS network affiliation bring to WISH-TV Channel 8? About $110 million, if you believe the parent company’s calculation.
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Longtime NCAA executive Isch set to retire

August 26, 2014
Associated Press
Chief operating officer Jim Isch announced he would retire early next year, a move that is prompting NCAA President Mark Emmert to reorganize his top staff.
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NBA unveils new rules to make baselines safer

August 26, 2014
Associated Press
Clearing the congestion behind the playing area was planned even before Indiana Pacer Paul George broke his right leg when he crashed into the stanchion last month during a USA Basketball exhibition game.
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U.S. durable goods orders show record surge

August 26, 2014
Associated Press
Business orders for long-lasting manufactured goods shot up by the largest amount on record in July. But most of the strength came from demand for commercial aircraft. Outside of transportation, orders dipped.
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Two HDG Mansur creditors seek liquidation of the firm

August 26, 2014
Scott Olson
The firms claim in court filings that HDG Mansur has no hope of reorganizing under Chapter 11 and is stalling to avoid paying a $5.8 million judgment.
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New solar farm in Richmond begins generating power

August 26, 2014
Associated Press
Indiana Municipal Power Agency said the 8-acre solar farm on the grounds of Richmond Power and Light contains about 4,000 solar panels. They will generate enough electricity to power about 200 homes.
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Indiana, Wisconsin join rush for same-sex marriage review

August 26, 2014
Bloomberg News
Amid the rush for U.S. Supreme Court review of gay-marriage bans, Indiana and Wisconsin are set to ask a federal appeals court on Tuesday to declare their laws barring such unions constitutional.
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Kokomo council backs ban on smoking in bars

August 26, 2014
Associated Press
The Kokomo City Council voted 5-4 Monday night to give initial approval to a ban on smoking in bars and social clubs.
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  1. I'm a CPA who works with a wide range of companies (through my firm K.B.Parrish & Co.); however, we work with quite a few car dealerships, so I'm fairly interested in Fatwin (mentioned in the article). Does anyone have much information on that, or a link to such information? Thanks.

  2. Historically high long-term unemployment, unprecedented labor market slack and the loss of human capital should not be accepted as "the economy at work [and] what is supposed to happen" and is certainly not raising wages in Indiana. See Chicago Fed Reserve: goo.gl/IJ4JhQ Also, here's our research on Work Sharing and our support testimony at yesterday's hearing: goo.gl/NhC9W4

  3. I am always curious why teachers don't believe in accountability. It's the only profession in the world that things they are better than everyone else. It's really a shame.

  4. It's not often in Indiana that people from both major political parties and from both labor and business groups come together to endorse a proposal. I really think this is going to help create a more flexible labor force, which is what businesses claim to need, while also reducing outright layoffs, and mitigating the impact of salary/wage reductions, both of which have been highlighted as important issues affecting Hoosier workers. Like many other public policies, I'm sure that this one will, over time, be tweaked and changed as needed to meet Indiana's needs. But when you have such broad agreement, why not give this a try?

  5. I could not agree more with Ben's statement. Every time I look at my unemployment insurance rate, "irritated" hardly describes my sentiment. We are talking about a surplus of funds, and possibly refunding that, why, so we can say we did it and get a notch in our political belt? This is real money, to real companies, large and small. The impact is felt across the board; in the spending of the company, the hiring (or lack thereof due to higher insurance costs), as well as in the personal spending of the owners of a smaller company.

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