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 DJIA 12,715.3 +109 / S&P 500 1,410.5 +9.5 / NASDAQ 2,466.3 +28.4
 |  |  Tonight: Snow showers, cold. Low 23. Tuesday: Morning snow showers, not as windy. High 30.
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|  Monday, January 14, 2008 |
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Steak n Shake stock continues slide
Shares of The Steak n Shake Co. have tumbled 20 percent over the last two trading days - driven down, in part, by the company's announcement late Friday afternoon that sales remained weak. The stock trended down throughout the day Friday and shed another $1.30 a share this morning, leaving it at $8.18. It now has fallen 55 percent since hitting $18.10 last February. "They're just in a difficult environment," Conrad Lyon, an analyst with FTN Midwest Securities Corp., said this morning. 
Colts land Meijer as stadium sponsor
A day after losing to the San Diego Chargers in the National Football League playoffs, the Indianapolis Colts announced an off-the-field victory-another sponsorship deal for Lucas Oil stadium. The team said Grand Rapids, Mich.-based Meijer has signed on as a founding partner for the new stadium, set to open for the beginning of next season.
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Tipton Hospital mulls deeper ties to Clarian
Officials at Tipton Hospital have recommended that the county-owned facility enter into a long-term operating agreement with Indianapolis-based Clarian Health, according to a statement issued by the hospital his morning. Terms were not immediately clear. The hospital north of Carmel has had a working relationship with Clarian for nearly 10 years. The recommendation still must be approved by county commissioners and the Tipton County Council, and must be discussed at a public hearing. Clarian, the state's largest hospital system, has sought partnerships with hospitals throughout the state recently to increase referrals to its main downtown locations: Methodist, Indiana University and Riley Hospital for Children.
Legislation aims to scrutinize tax breaks
Legislation has been introduced in the Indiana House that would look at the nearly 120 corporate tax breaks now in Indiana code to see if the incentives are improving the economy, reports The News-Dispatch of Michigan City. State Rep. Scott Pelath, D-Michigan City, who introduced the measure, believes tax breaks that haven't created jobs or enhanced diversity in the work place should be removed.
State crying for more registered nurses
Demand for registered nurses is remarkably strong across Indiana, a state ranking shows. The occupation is classified as hottest of the "hot" jobs tracked by the Indiana Department of Workforce Development. Projected demand for registered nurses ranks at the top in seven of 11 regions of the state, the department says. In the other four regions, the occupation ranks second.
Column: Lawmakers want Daniels' leadership
Gov. Mitch Daniels will make one thing clear to lawmakers and the public when he delivers his fourth State of the State speech tomorrow night, Associated Press columnist Mike Smith writes. His focus this session will be almost entirely on property tax relief and reform.
Blog: World's best bookstores...and more
Today in Lou Harry's A&E, it's You-review-it Monday, giving you a chance to share your thoughts on the arts and entertainment events you experienced over the weekend. In a separate post, Lou also links you to some of the world's best bookstores.
From IBJ staff and Associated Press-Compiled by Norm Heikens | | | |
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Rumors swirl on Dungy's future
Will Colts coach Tony Dungy return to the sidelines next year? Dungy says he'll decide after consulting with his wife and team owner Jim Irsay. San Diego upset Indianapolis 28-24 in the final game at the RCA Dome, ending the team's season. Fox 59 will have more at 10 p.m.
Prosecutor's office zeroes in on apartment complex
Following in the footsteps of Indianapolis Metropolitan Police, the Marion County Prosecutor's Office will open a satellite office in the heart of one of Indianapolis' most crime-ridden areas. The office will be inside a trailer at the Phoenix Apartments on the northeast side. Crime in the area gained more attention after the beating death late last year of 3-year-old Tajanay Bailey, a resident there. |  | | | |
| Deluge of help for flooded Hoosiers
Water-logged Hoosiers in northern Indiana are getting more help. Volunteers from the Red Cross of Greater Indianapolis are offering food, clothing, shelter and emotional support to help people affected by last week's flooding. Damage assessments are beginning in the area.
Empire crumbles
A high-flying Carmel businessman who moved his base of operations to Miami a couple of years ago is accused of burning through $160 million of investors' money in the collapse of his real estate empire.
Green HQ in works downtown
The Nature Conservancy has agreed to buy a blighted industrial property on the eastern edge of downtown and plans to develop its Indiana headquarters on the site.
Conrad OK with rating
Almost two years after opening, the Conrad Hotel downtown says the four-diamond rating it received is a better fit for the market than the higher ratings it originally hoped to receive.
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