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VOICES FROM THE INDUSTRY: Existing work force is our biggest education challenge

As Hoosiers, every time we open our wallets and pocketbooks, we should think about going back to school. For the last three decades, Indiana’s per capita income growth has lagged the rest of the country, to the point where the average Hoosier earns less nized for work force development use a combination of state and local dollars and even lottery funds (as in Georgia). Private management of the Hoosier Lottery, as proposed during the last legislative session, could provide the…

City law firm a key player in GOP wins

Three members of a small, young, downtown law firm played key rolls in Republican election wins this month, boosting the firm’s
profile as it tackles aggressive growth plans that include beefing up its lobbying business. John Lewis and Wilkins LLP set
up shop on Monument Circle in 2005 and since then has grown from the three attorneys to 11.

Health care top choice in career poll: Student interest in technology jobs holds steady, state survey finds

Recent results from an annual survey show health services remains the most popular career choice among Indiana high-school juniors planning to go to college. The questionnaire was administered by Learn More Indiana, an effort to promote college and career planning supported by the Indiana Commission for Higher Education, as well as a few other state agencies. Learn More Indiana has existed for about 20 years, but had been known as the Indiana College Admissions and Placement Center before the arrival…

EYE ON THE PIE: Resurrecting important tax reforms

With new mayors and council members in many of our cities, it’s time to drag out some previous suggestions for fiscal reform. First, it’s time to reconsider propertytax abatement. But we can’t understand property taxes and their abatement if we don’t understand assessment practices. And, it is not clear what is happening these days with property assessment. For example, does a property’s assessed value change automatically when it is sold, or does it change only in line with the trend…

PROFILE: Ivy House Bed and Breakfast: Couple turns house into Hoosier getaway Labor of love keeps innkeepers committed for the long haul

Ivy House Bed and Breakfast Couple turns house into Hoosier getaway Labor of love keeps innkeepers committed for the long haul Running a bed-and-breakfast can be difficult-it’s hard enough, in fact, that the average innkeeper lasts only seven years before calling it quits, said Fortville B&B owner Linda Nolte. Fortunately for her guests at Ivy House Bed and Breakfast, Nolte and her husband, Jim, are the exceptions. “We’re already in our seventh year, and we hope to exceed that by…

Carrier carrying on in cool housing market

With steep declines in new-home construction and existing home sales, market conditions in the Indianapolis-based North American
residential business of Carrier Corp. “are clearly challenging,” according to George David, CEO of Carrier’s parent, United
Technologies.

Group aims to turn data into better care: Lilly’s Larkin joins Health Information Exchange

The Indiana Health Information Exchange recently hired Dr. Greg Larkin to be its chief medical officer. Larkin, who is the longtime head of Eli Lilly and Co.’s employee clinics and health plans, will focus on the exchange’s Quality Health First program, which aims to use a local database of doctors’ records and insurance claims to help doctors improve their quality of care. The program includes health insurance plans-such as Anthem, UnitedHealth and Medicare-that cover on average 70 percent of local…

Finish Line throws down gauntlet

Finish Line has played the â??material adverse effectâ?? card in its battle to break off its acquisition of
Genesco.

The Indianapolis company didnâ??t elaborate in yesterdayâ??s SEC filing, but Finish Line has repeatedly made clear
that encountering problems with long-term implications…

Finish Line claims Genesco ‘material’ effect

Indianapolis-based athletic shoe and clothing retailer The Finish Line Inc. said yesterday that a “material adverse effect” has taken place regarding its acquisition of Genesco Inc.-putting the $1.5 billion deal in jeopardy. Yesterday’s filing with the U.S. Securities and Exchange Commission followed an amended complaint in Genesco’s September lawsuit seeking to force Finish Line to […]

Steak n Shake shares battered after report

Grim results in Steak n Shake Co.’s fiscal fourth quarter prompted a sell-off of its stock this morning. Shares in the Indianapolis-based restaurant chain dropped nearly 14 percent before staging a small comeback to trade near $11.65-still 9 percent below yesterday’s close. After the market closed yesterday, the company reported that same-store sales fell 3.9 […]

Lafayette commission OKs Subaru incentives

Subaru of Indiana Automotive Inc. is a step closer to getting tax abatements on $105 million in proposed investments in its Lafayette plant. The city’s redevelopment commission unanimously approved the incentives last night, but they still must be OK’d by the Lafayette City Council. It was not immediately known how much money the incentive package […]

BP selling 700 convenience stores

BP America Inc. in the next two years plans to sell the roughly 700 convenience stores it owns and operates, potentially displacing nearly 10,000 workers, the Houston-based unit of BP PLC of London said today. The vast majority of BP’s 13,000 U.S. convenience stores are independently owned. There are 75 BP convenience stores within 50 […]

Insurer picks Carmel for regional office, 40 jobs

Selective Insurance Co. of America, a property and casualty insurer headquartered in Branchville, N.J., will open a Midwest regional office at 11711 N. Meridian St. in Carmel. The office will employ 40, Indiana Economic Development Corp. said today. The company received no state incentives. Specializing in commercial, personal, bond and flood coverage, Selective Insurance is […]

Steak n Shake serves up weak results

Indianapolis-based Steak n Shake Co. reported more grim quarterly results today, and the company’s outlook for 2008 isn’t much better.   After the market closed today, the company said same-store sales fell 3.9 percent in its fiscal fourth quarter, which ended Sept. 26. Revenue dropped to $151.1 million compared with $152 million during the same […]

Fountain Square buildings for sale

A prime block of Fountain Square real estate is on the market. Businessman Don Swayze is asking $1.2 million for two buildings and a used-car lot he owns along Virginia…

Berkshire Hathaway raises stake in WellPoint

Berkshire Hathaway Inc. has boosted its stake in Indianapolis-based WellPoint Inc. by 7.1 percent, according to Bloomberg. A regulatory filing yesterday showed Berkshire, which is owned by billionaire investor Warren Buffett, now holds 4.5 million shares-still less than 1 percent of the health insurer. Buffett has been accumulating the stock for months. In the second […]

Indianapolis renews sewer contract

The city of Indianapolis has signed a new contract with United Water Services, which has managed the city’s wastewater-treatment facilities and sewage-collection system since 1994. The new nine-year contract, which takes affect Jan. 1, includes an option for renewal in 2017 and 2023. United Water will earn $28.5 million in annual revenue for its services, […]

Lilly wins one, loses one with civil rights groups

Two weeks ago, the NAACP backed existing and former black employees of Indianapolis-based Eli Lilly and Co. in a lawsuit that claims they were treated unfairly. Today, the National Urban League bestowed its Corporate Leadership Award on the pharmaceutical maker for working with the Urban League-also a civil rights group-to sponsor a program that encourages […]

Hillenbrand profit slumps on domestic struggles

Hillenbrand Industries Inc. reported today that profit in its fiscal fourth quarter fell on an adjusted basis to 82 cents per share from $1.12 per share a year earlier. The setback in the period ended Sept. 30 resulted from troubles in its Acute Care and Batesville Casket businesses in North America as well as investments […]