Friday, December 28, 2007

Ballard names administration team

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Friday, December 28, 2007

Ballard names administration team
Mayor-elect Greg Ballard today named the following to his administration team: Olgen Williams, deputy mayor for neighborhoods; Paul Okeson, chief of staff; Chris Cotterill, corporation counsel; Carolin Requiz Smith, director of Latino affairs; John Cochran, special counsel to the mayor; Greg Wilson, director of minority business development; Marcus Barlow, press secretary.   Full Story

Columbus company to expand, triple work force
Software developer LHP Inc. today said it plans to invest $1 million and add 320 workers by 2011 at its Columbus, Ind., headquarters. LHP, which employs 130 in Columbus, does work for the military, automotive and medical industries globally. LHP will begin hiring technology specialists, engineers and administrative workers next year. The company will receive up to $2.1 million in tax credits and another $50,000 in training grants from the state. The city of Columbus also will provide LHP with property-tax abatement.

Court rules Finish Line deal must continue
A Tennessee court has ruled against Finish Line Inc., saying it must complete its $1.5 billion purchase of Nashville, Tenn.-based Genesco Inc. Finish Line has been trying to walk away from the deal due to Genesco's poor financial results in the second quarter. But the court ruling said the Indianapolis-based shoe retailer would breach its pact by doing so. Finish Line said it is "disappointed" by the ruling and may appeal. The Nashville court said that the U.S. District Court in the Southern District of New York will determine in another lawsuit if the merged entity would be insolvent and therefore allow the deal to dissolve.

New home sales drop more than expected
Sales of new U.S. homes fell by 9 percent last month, to an annual rate of 647,000 homes, the Commerce Department today said. It was a larger-than- expected decline; sales were expected to drop to an annual rate of 710,000 homes. In the past year, sales of new homes across the country are down 34.4 percent.

From IBJ staff - Compiled by Tracy Donhardt

GeneralNews
Police search for suspect after early-morning shooting
Indianapolis Metropolitan Police are searching for a man after a shooting this morning. Police say James Bates shot and killed Kenneth Beeler in the 3900 block of Erickson Court after an argument. Police describe Bates as a white man, 6 feet tall and bald. Investigators say he frequents the Peppermill Apartments on North Shadeland Avenue. Fox 59 will have more at 10 p.m.

Passerby saves woman from fire
A man is dead and his wife is recovering from minor injuries after a fire ignited at their home in the 900 block of Belmar Avenue on Indianapolis' east side. David Ehrgott, who had been driving by, pulled the woman out. Firefighters have not determined the cause of the fire. The names of the couple have not been released.

Woman's body identified by family
Police have identified a woman as Debra Furnish whose nude body was found underneath an overpass on the city's Old Northside. Her body was found under the Interstate 65 bridge near 12th Street and Central Avenue yesterday morning. Officers say there were no signs of trauma on her body; they hope to learn the cause of her death after an autopsy today.

Note to readers: There will be no IBJ Daily Dec. 31 and Jan. 1 in observance of the New Year's holiday.





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