Steak n Shake slides; menu revamp ordered

DJIA 12,388.1 +9.5 / S&P 500 1,353 +1 / NASDAQ 2,368 +7.1 Tonight: Increasing clouds, light snow after midnight. Low 20. Tomorrow: Flurries early. High 35. Sunday: Turning sunny. High 39.
	Friday, January 25, 2008
	Steak n Shake slides; menu revamp ordered Stock in Steak n Shake Co. Inc. is down 3.8 percent today after the Indianapolis-based company late yesterday reported a $1.2-million loss in its first fiscal quarter. The loss was a far cry from the $4.2-million profit it reported a year earlier. But in a conference call with analysts, executives of the restaurant chain said they plan to change the breakfast menu among other tweaks to improve same-store sales.   House panel votes down renewable energy bill A House committee voted down a bill yesterday that would have required Indiana to generate 10 percent of its electricity from wind and other renewable sources by 2018 - a measure supporters said would attract new investment to the state. The House Commerce, Energy and Utilities Committee defeated the bill on an 8-3 vote after its chairman, Rep. Dave Crooks, D-Washington, refused to consider amendments he said were concessions to the state's electric utilities.
	String of layoffs pepper state; 400 out of work Three layoffs were announced yesterday in as many locations in Indiana, resulting in a total of 400 workers losing jobs. The announcements involved Superior Essex Inc. in Vincennes, Great Dane Trailers in Terre Haute and Delphi Corp. in Kokomo.   GE site has promise for reuse, experts say Plenty of potential exists to refill the massive refrigerator plant in Bloomington that General Electric Co. plans to abandon by the end of next year, according to a real estate expert and a former economic development director in the city. The building is fairly new and it's well situated to take advantage of rail and highway transportation, said developer Peter Dvorak and Linda Williamson, who led economic development in Bloomington and now is a consultant at Bingham Economic Development Advisors in Indianapolis.   Endocyte lands $15M credit line West Lafayette-based drug developer Endocyte Inc. today announced it has secured a $15-million credit line through Alexandria, Va.-based Oxford Finance Corp. and Chicago-based GE Healthcare Financial Services. Endocyte CFO Mike Sherman said the credit line gives his company financial flexibility as it tries to advance a series of patented cancer treatments. Endocyte is widely considered one of Indiana's most promising life science firms.   Possible casino move in northern Indiana falters A bill that would have allowed one of two Gary riverboat casino licenses to be transferred to northeast Indiana fizzled in a Senate committee yesterday and likely is dead this session. Don Barden wants to consolidate the two Gary Majestic Star casinos he owns on Lake Michigan into a single, larger operation and use one of the state gaming licenses to open a new casino elsewhere. Senate Appropriations Chairman Robert Meeks, R-LaGrange, filed a bill that would have allowed one of the licenses to be transferred to Steuben County in the far northeastern corner of the state.   From IBJ staff and Associated Press-Compiled by Norm Heikens Fire displaces 100 senior citizens An overnight fire left nearly 100 elderly residents at a Beech Grove assisted-living center out in the cold. Officials say the blaze at Churchman Woods Senior Apartments, 5350 Churchman Ave., started in a vacant unit on the third floor. Residents were taken to Hornet Park Community Center, 5245 Hornet Ave., also in Beech Grove.
	Black Expo releases report on black youth The Indiana Black Expo released a report on the state of Indiana's black youth this morning. It follows up on a 2005 report showing black youth across the state are not faring as well as white children in several key measures. One major finding of the new report is that fewer black children lived in poverty in Indiana compared to the national average, but child poverty increased more than 30 percent between 2000 and 2005. Hovey Street suspect faces death penalty One of the men arrested in connection with the quadruple murder and robbery at 3283 Hovey St. now faces the death penalty. Marion County Prosecutor Carl Brizzi is seeking the death penalty against Ronald Davis, who appeared in court yesterday. Brizzi says evidence and accounts from the other suspects show Davis was the shooter. The other suspects - Zarumin Coleman, Dontae Hobson, Jasper Frazier and Tommy Warren - face lesser charges in connection with the Jan. 14 robbery near East 30th Street and East Fall Creek Parkway.
	Hunter goes barefoot for charity IUPUI head basketball coach Ron Hunter made Division I history last night by becoming the first person to coach a game barefooted. Hunter went shoeless to raise awareness for "Samaritans' Feet," a charity aimed at giving shoes to poor children in Africa. Hunter set a goal of collecting 40,000 shoes, but the goal was easily surpassed when nearly 110,000 shoes were donated.
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