Emmis’ well-paid CEO signs on for 3 more years
CEO Jeff Smulyan's supporters praise him for repositioning Emmis during a harrowing stretch for the media industry. Detractors complain about his hefty compensation.
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Analysts: ITT’s woes are likely to worsen
Investors have dumped the already-depressed shares of ITT Educational Services Inc. after the operator of for-profit colleges shelled out $46 million for bad private student loans it had backed to help students pay the portion of its pricey tuition that federal loans won’t cover. With fewer ITT graduates able to find jobs, the default rates on these loans has spiked.
Farmers seek rescue from unexpected property tax hit
New soil-productivity factors issued by the Department of Local Government Finance last year would have raised tax collections an average 18.5 percent this year.
HENDERSON: Treat temp workers better
One of the highest costs to businesses is labor. Direct wages, benefits, vacation pay, pension vesting, health care and employment legal costs—they all add up.
KENNEDY: Privatization expands government
The ugly mud-wrestling match that was the fiscal cliff negotiation is over for the time being. Congress has done what Congress has been doing with some regularity the past few years—it has kicked the can down the road a few months.
Speedway agrees to major overhaul in ADA settlement
The Indianapolis Motor Speedway will make millions of dollars in updates to settle a Department of Justice investigation that found more than 360 violations of federal disability law.
Gov.-elect Pence to seek losers-pay tort reform
Indiana Gov.-elect Mike Pence will include tort reform in a first-year legislative agenda that is slowly taking shape.
SKARBECK: Value investors tempted by HHGregg valuations
A fascinating case study can be found in the divergent fortunes of locally based HHGregg and Texas-based Conn’s Inc.
HICKS: Why is the unemployment rate still so high?
The Great Recession wasn’t caused by a housing market collapse; it was more than that. Our economic unwinding required lots of failures.
Gaming commission OKs Centaur plan to buy Indiana Grand
The Indiana Gaming Commission on Thursday afternoon approved Centaur Holdings LLC's plan to buy Indiana Grand Casino and Indiana Downs in Shelbyville.
FEIGENBAUM: Budget issues will drive almost every legislative debate
Now that you are no longer distracted by an Indianapolis Colts playoff drive (sigh), it’s time to get up to speed on the key issues the Indiana General Assembly will confront over the next four months.
New art museum CEO shakes up management team
The new head of the Indianapolis Museum of Art has reduced the size of his executive team, including cutting a top position, as an initial step to organization-wide restructuring.
Heating fund nearing goal
Additional donations have pushed the 2013 Winter Assistance Fund to within $85,000 of its $350,000 goal. The fund, which recently gained donations from Citizens Energy Group, the Nina Mason Pulliam Charitable Trust and Indianapolis Power & Light Co., among others, helps Marion County residents who need help with heating bills. Last year, the fund helped more than 2,700 people.
Indy ranks ninth as jobs city
CareerBliss’s annual list of the “Best and Worst Cities to Find a Job” ranks Indianapolis ninth based on 10 factors gathered from data collected through employee-submitted company reviews, employment trends and job offerings. Los Angeles was best, and Boulder, Colo., was worst.
Dad accused of murdering son
An Alabama man faces murder charges after Noblesville police say he fatally stabbed his 2-year-old son, Michael, in the head late Wednesday afternoon. Police arrived at an apartment in the 14000 block of Waterlily Drive to find the boy suffering from the wounds, and he died at the scene. Extended family members reportedly lived at the apartment. Investigators haven’t released a motive or events leading to the stabbing. Harrison, 30, in prior years has been charged in Alabama with assault, for menacing, and for allowing dogs to run free.
Tobias Insurance agency merges with Florida firm
Tobias Insurance, the Indianapolis area’s eighth-largest independent insurance brokerage, is now part of Florida-based AssuredPartners. Tobias will retain its name, employees and leadership.
Mass transit group kicking off promotional campaign
Indy Connect, the local initiative supporting a $1.3 billion expansion of the transit system, plans to begin an advertising campaign for the proposal on Friday.
BioCrossroads seed fund makes first investments
Local startups Esanex Inc. and Algaeon Inc. have received $500,000 and $250,000, respectively, from Indiana Seed Fund II, BioCrossroads’ second fund to help fledgling life sciences companies.