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Regionally Speaking” host Chris Nolte talks NWI financial advisor Greg Hammer about Hammer about how several provisions in the CARES Act Stimulus package impact anyone with a retirement account. 

Indiana jobless claims surged to 120,000 last week

Apr 1, 2020
Brandon Smith / IPB News

INDIANAPOLIS (The Times) — The state reports initial unemployment insurance claims surged to 120,331 in Indiana last week.

When Kary Wayson walked through empty Seattle streets last week, she didn't realize she was heading to her last shift at work.

"It seemed like all of a sudden Seattle itself took a nosedive," she says.

Her city had become an epicenter of the coronavirus outbreak. Parking lots, typically jammed, were deserted. Shop fronts had handwritten "Closed" signs on their windows.

The restaurant where Wayson had been a waitress for almost 16 years tried limiting the menu and cutting back hours.

Photo by: Sharon Jackson / Chef Nick's Eatery

The Coronavirus is already having negative effects on small mom and pop eating establishments around the Region.

Employers including Indianapolis-based Eli Lilly have encouraged some employees to work from home in response to the new coronavirus. Some say the most vulnerable Hoosiers are not in jobs that would allow them to take the same precaution.

Steak 'n Shake Locations To Shift To Countertop Service

Mar 2, 2020

Indianapolis-headquartered Steak 'n Shake is changing the format of its stores to speed up service and reduce operational costs. The transition comes as the company lost more than $18 million last year. 

The cold weather didn’t stop dozens of Indiana Beach fans from rallying Saturday in Monticello, Indiana, to save the park.

Subaru of Indiana Automotive (SIA) is increasing service part production and adding transmission manufacturing to its Lafayette plant. The company says the $158 million investment will help reduce costs and increase growth at the facility.

One company aims to offer an affordable solution to extend the life of wine and prevent millions of partially consumed wine bottles get poured down the drain each year.

Indiana’s unemployment rate remained at a nearly two decade low in October.

RV Industry Reports First Growth In More Than A Year

Oct 29, 2019

The RV Industry Association is reporting a slight uptick in September shipments compared to last September. It’s the first time in more than a year the industry has seen positive growth.

Kevin Comerford, host of "Building Norhtwest Indiana," talks with Ty Warner, Executive Director of the Northwest Indiana Planning Commission.

More than 200 companies across Indiana opened their doors Friday to educate students about careers in manufacturing as part of a national Manufacturing Day held annually in October. 

Indiana UAW Workers Go On Strike Against GM

Sep 15, 2019

Thousands of Hoosiers will be affected by the United Automobile Workers strike against General Motors that began at midnight. 

www.nwi-pride.org

On this edition of the podcast you'll hear the latest on Portage Assessor Jon Snyder, a former Gary technology chief  has been sentenced for computer thefts, Samantha Horton has details on General Motors investing millions of dollars in Fort Wayne, Hammond City Councilman Robert Markovich has been granted permission to contest his four-vote loss in the May 7 Democratic primary and Chris Nolte has a conversation Chris Nolte with Amari Victoria and Elisabeth Menning, organizers of the first annual NWI Pride event at the Lincoln Center in Highland.

Indiana’s unemployment rate rebounded in November after four consecutive months of increases.

The Hoosier unemployment rate fell two-tenths of a percent last month, down to 3.7 percent. That’s the first time since June it’s dropped.

At Indianapolis-based pharmaceutical giant Eli Lilly, 2,300 employees will take buyouts as part of the company’s effort to save money by cutting at least 2,000 jobs in the U.S. by the end of the year.

It’s unclear whether layoffs are still in the works in the Hoosier state.

Lilly said in September it would aim to save $500 million by cutting 3,500 jobs out of its more than 41,000 worldwide, with at least 2,000 cut in the U.S.

Half a dozen homeowners in rural Bartholomew County will get to pay less in property taxes because they live near concentrated animal feeding operations, or CAFOs.

The decision comes about a year after the families in the town of Hope appealed to the county about the impact of large hog farms on their home values.

After the county denied their requests in March, the neighbors appealed the case to the State Board of Tax Review.

A national fair housing group says Deutsche Bank and two other businesses are less likely to maintain foreclosed, bank-owned homes in majority-black areas of 30 cities, including Indianapolis and Gary.

A new version of a federal complaint, out this week, expands the investigation.

The National Fair Housing Alliance and 19 local organizations first filed a complaint with the Department of Housing and Urban Development against Deutsche Bank in 2014.

Indiana’s top agriculture official has been tapped to oversee global farm trade for the Trump administration.

Indiana Department of Agriculture director Ted McKinney now faces a Senate confirmation to become the USDA’s first-ever trade undersecretary.

He says he’s grateful for the support he’s received since getting the news.

“I am so honored to be nominated by the president, and I look forward to serving if confirmed,” McKinney says.

The Indianapolis suburbs are growing, while rural areas of the state lose residents.

That trend isn’t new, but it deepened in 2016 census data analyzed this summer by the Indiana Business Research Center.

The data shows Indiana’s fastest-growing city is Whitestown, in Boone County. It’s topped that list for six years running, as its population has more than doubled.

Indiana’s ports system hopes a new contractor will help bring more bulk cargo than ever into Burns Harbor on Lake Michigan.

Metro Ports is a stevedoring company. It helps manage how cargo gets off- and on-loaded and distributed at 27 ports in 10 states, including huge facilities at Long Beach, California and Seattle-Tacoma, Washington.

Burns Harbor will be the company’s first Great Lakes operation when it takes over the bulk cargo terminal next month.

Rolls-Royce and the state are chipping in to expand Purdue University’s work on making small gas-powered turbine engines more efficient.

The company already opened one big facility at Purdue this year. Now, it’s investing another $10 million into two new wind tunnels at Purdue’s turbine research lab.

Mechanical engineering professor Guillermo Paniagua leads the research there. He explains what gas turbine engines do.

The $130 billion merger between Dow and DuPont received conditional federal approval Thursday.

The companies still have to address areas where the Department of Justice says they’ll have too big a market share, but those aren’t the areas that have Indiana farmers worried.

In approving the merger, the DOJ says Dow and DuPont have to relinquish control of a few assets – a chemical plant in Texas for Dow, and two of DuPont’s insecticide and herbicide brands.

Thursday marked the beginning of the end for 18 Marsh stores that weren’t bought out at a bankruptcy auction earlier this week.

Forty-four Marsh locations in Indiana and Ohio stayed open as the company started going through bankruptcy last month, but only 26 found a buyer at auction Monday.

The remaining 18 – in the Indianapolis area, Lafayette, Muncie, Kokomo, Carmel, Logansport, Connersville and Noblesville – have now started selling off their inventories.

The 18 Marsh grocery stores that don’t have a buyer will start selling off their inventories Thursday, according to a company spokesperson.

And a CVS spokesperson says his company has “settled” a dispute with the two Ohio grocery chains that want to buy Marsh’s 26 other remaining stores.

This clears the way for the combined $24 million deal with a Kroger subsidiary and another Ohio chain, Fresh Encounter, to go forward.

UPS announced plans this week to open a $260 million shipping hub in Plainfield by 2019 – one of the first big logistics investments to come after the state passed its road funding plan.

The repairs and upgrades that $1 billion-a-year funding package will fund with tax and fee increases are a big deal for companies that rely on roads.

Two Ohio-based firms offered to buy more than half of the remaining Marsh grocery stores at Monday’s bankruptcy auction.

The deal hinges on the outcome of a dispute between Indiana-based Marsh and CVS Pharmacies.

At the auction in Delaware, Kroger subsidiary Topvalco offered $16 million for 11 Marsh stores in Indianapolis, Zionsville, Muncie, Bloomington, Brownsburg, Fishers and Greenwood.

That’s according to bankruptcy court documents filed Tuesday.

EDITOR’S NOTE, JUNE 14: This developing story has been updated. Read more here.

What’s left of the Marsh grocery chain went to auction Monday morning – but there’s no word yet on how the bidding went.

Attorneys in the Delaware law office where the auction was set to take place did not immediately return requests for comment. They represent Indiana-based Marsh in its bankruptcy proceedings.

An Indiana logistics council wants to better connect military veterans with advanced manufacturing jobs.

Conexus Indiana will partner with five big Indiana firms to run a new vet-focused jobs site that could eventually expand to other industries.

Subaru of Indiana Automotive, in Lafayette, is among those working with Conexus on the program, called INVets. Human resources manager Brad Rohrer says Subaru recruited veterans at Kentucky’s Fort Campbell during its last big hiring push.

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