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Late action complicates tax planning: AMT legislative fix may mean delays

Expect the early tax-filing season to be a little muddy in 2008-and a tax package already received by mail from the Internal Revenue Service doesn’t mean you’re off the hook. While many Indiana taxpayers are now protected from additional federal taxes for another year thanks to late action by federal lawmakers in mid-December, millions will have to wait until February to get tax refunds in the mail because of that congressional delay. On Dec. 19, Congress gave final approval to…

SURF THIS: Thicker than MySpace: Family networking on the Web

Ah, the holidays…a chance to spend a whole lot of time with people you don’t see that often. And, in some cases, it becomes painfully clear why not. Still, reminiscing with Aunt Helga about those long ago experiences when bread was a nickel and she walked to school through the snow, uphill (both ways) can still be rewarding, if done in moderation. Or on your own time, which is the point of this article. I almost hate to write it,…

Convention Center President Bob Bedell to retire

Bob Bedell worked behind the scenes for months–if not years–to make the case for expanding the Indiana Convention Center
and building a 1,000-room hotel nearby. But someone else will have to fill both venues with visitors. The 60-year-old Indianapolis
Convention & Visitors Association president has said he’ll retire at the end of June.

INVESTING: Weak sectors could have broader effect on economy

We all know that the hip bone is connected to, well, you know how it goes. But a lot of people seem to be missing the point that the same principles controlling that biology are an active force in the markets and economy. All the brilliant economists out there are telling us what we already plainly know-finance and consumer-related sectors are weak. There isn’t enough talk about the next connection, though, or how a cancer spreads from one body part…

Telamon sells broadband service business

Officescape, an Indianapolis-based provider of technology for offices, has bought BMS, a broadband management service, from Telamon Corp. in Carmel for an undisclosed price. Officescape said the transition would be seamless, and that the nine BMS workers would be offered jobs. Headquartered at 8910 Purdue Road on the northwest side, locally owned Officescape has 20 […]

Lining up for Romans

A three-hour wait to see a show at the Indianapolis Museum of Art?That’s what patrons report occurred in late December as Hoosiers took advantage of some free time to see “Roman Art from the Louvre” during its final…

UPDATE: Finish Line shares erode following loss

As Finish Line Inc.’s stock price takes a beating and an ill-fated acquisition attempt winds through court proceedings, executives at the Indianapolis-based athletic retailer say they are trying to focus on the core business. But there’s not much good news there, either. CEO Alan Cohen told analysts during a conference call today that a lingering […]

Feeling left out of the process?

The Iowa caucuses are over and the New Hampshire primary isnâ??t far away. Indianaâ??s primary arrives May 6,
long after a string of states could easily make ours all but irrelevant.

How do you feel about having little, if any voice…

Lilly asks FDA to approve blood thinner

Indianapolis drug company Eli Lilly and Co. and its development partner met their year-end deadline to submit blood thinner prasugrel for regulatory approval. Lilly and Daiichi Sankyo Co. Ltd. filed for U.S. Food and Drug Administration approval on Dec. 26, they announced today. Prasugrel could be a blockbuster if it successfully supplants the current best-selling […]

Children’s Wish Fund settles with brokerage

The Indiana Children’s Wish Fund has received a settlement of an undisclosed amount related to an investment made by a brokerage firm the Wish Fund said was too risky, according to The New York Times. In June, The Wish Fund invested nearly $223,000 in a mutual fund recommended by Morgan Keegan. The fund, which had […]

Kansas City educator named Ivy Tech provost

Ivy Tech Community College has created the position of provost and named Donald Doucette to the post. The provost serves as chief academic officer of the college, overseeing development and implantation of Ivy Tech’s 150 programs on its 23 campuses across the state. More than 110,000 students are enrolled at Ivy Tech. Since 1993, Doucette, […]

Gary loses final car dealership

The sole remaining car dealership in Gary has been sold, and it won’t stay in the struggling city. The Dodge franchise was sold by Bob Nielsen and Jeff Nielsen to Isakson Chrysler in nearby Hobart, according to the Post-Tribune of Merrillville. The Nielsens have shifted parts and service operations to their Buick and Subaru dealership […]

Finish Line reports $16M loss

Beleaguered Indianapolis athletic retailer Finish Line Inc. reported more bad news Thursday afternoon. The company reported a net loss of $15.95 million, or 34 cents per diluted share, for its fiscal third quarter, which ended Dec. 1, 2007. That compares to a loss of $2.98 million for the same quarter in 2006. Meanwhile, same-store sales […]

Funeral family asks court to intervene in dispute

A family that once owned Forest Lawn Memory Gardens and Funeral Home in Greenwood has asked
a Johnson County court to put the business into receivership amid questions about the status of trust funds set aside to pay
funeral expenses and maintenance.

Going out of business

Several stores are calling it quits at local malls. The highest profile is the Macy’s at Washington Square. Other closings include Gap stores, a Limited Too and The Walking Co. Have…

Immigrant backlash could reach Statehouse

Indiana might be one of the next states to consider legislation that places the burden of screening illegal immigrants on business. At least one such bill is likely to be introduced in the General Assembly, said George Raymond, an Indiana Chamber of Commerce lobbyist specializing in labor relations. “It stands a fairly good chance,” Raymond […]

IBJ Night at the Movies

Want to join us at an advance screening of one of the most critically acclaimed movies of the year?

I’ll get to how in a second.

First, I wanted to ask if critics—of books, art, concerts, whatever—have influenced where you’ve decided to…

Indiana could see more oil drilling

Soaring oil prices and unrest in the Middle East and other regions where oil is plentiful may help the drilling industry in Indiana, Illinois and Kentucky, according to the Evansville Courier & Press. Drilling in the three states may have increased 20 percent in the past few years, Chris Mitchell, president of Illinois-based George N. […]

Cabela’s to add competition to outdoor retailing

Two outdoor retailers south of Indianapolis say they won’t operate differently after the Cabela’s mega store opens near Interstate 65 this year. The Outdoorsman Sport Shop is banking on continued service and customer loyalty to weather the new round of competition, according to the Daily Journal of Franklin. Cabela’s workers won’t be as knowledgeable as […]