Local group set to buy Canterbury Hotel

DJIA 13,988.1 +69.8 / S&P 500 1,552.5 +6.3 / NASDAQ 2,716.0 +15.6 Tonight: Rain ending and cooler. Low 58. Tomorrow: Partly sunny, dry and cool. High 77.
	Thursday, July 19, 2007
	Local group set to buy Canterbury Hotel Donald Fortunato, the owner of downtown's historic Canterbury Hotel, said this morning that he's prepared to sell the 99-room property to "some very good people." Fortunato would not say whom, but one of the buyers is believed to be local businessman Fred Klipsch. The deal hasn't closed, Fortunato said.   New Purdue chief to focus on communication France Cordova, who took over as Purdue University's new president this week, said she plans to stress communication while trying to boost faculty salaries, research funding and student financial aid, the Journal & Courier of Lafayette reported.. Cordova, who wants to keep one foot in the classroom by teaching courses, was chancellor of the University of California-Riverside. She succeeds Martin Jischke, who retired from Purdue after raising $1.7 billion and dramatically stepping up the university's involvement in economic development.
	Whirlpool adding 150 workers in Plainfield Whirlpool Corp. plans to create more than 150 positions at its Plainfield parts distribution and operations center after closing a Maytag warehouse in Milan, Tenn., last week. Whirlpool, based in Benton Harbor, Mich., bought Newton, Iowa-based Maytag last year. More than 400 now work at the Plainfield site, which is operated by Ryder. Whirlpool received $837,000 in economic development incentives from the state.   Interactive Intelligence added to Russell 2000 Russell Investment Group has included Indianapolis-based Interactive Intelligence Inc. in its Russell 2000 Index of small-cap companies. Interactive, a local business-communication software developer, said being added to the index offers exposure to mutual funds and other buyers that might be interested in its stock. Interactive shares trade on NASDAQ.   From IBJ staff and Associated Press-Compiled by Norm Heikens Property tax relief could end Marion County lawsuit Indiana Gov. Mitch Daniels' decision yesterday to reassess property values and form an investigative commission could mean the end of a lawsuit filed by some Marion County homeowners. The suit claims the county assessment put an unfair burden on residential homeowners, but didn't tax business or industry enough. Attorneys now say two of their goals have been met by Daniels' decision to reassess property values and form an investigative commission. An Aug. 7 hearing on the lawsuit could be cancelled if officials take further action. Two bodies discovered on east side Metro police recovered two bodies on the east side within blocks of each other yesterday. The first was found shot dead in his car in the 3700 block of Butler Avenue. Investigators have not ruled his death a homicide, but are calling the case suspicious. Police also discovered a body behind a house at 34th Street and Wallace Avenue while investigating reports of a confrontation. The body has not been identified. Officials haven't said whether the two incidents are related. Hot dog chili sauce sickens two Hoosiers The Food and Drug Administration is warning people to throw away 10-ounce cans of Castleberry's, Austex and Kroger hot dog chili sauce after four people-including two in Indiana-were diagnosed with botulism poisoning after eating it. The cans have best-by dates of April 30, 2009, through May 22, 2009.
	Hoosier sailor killed at Pearl Harbor returns home The remains of an Indiana sailor killed at Pearl Harbor return home today. Family members of Petty Officer Third Class Alfred Livingston will be at the airport when his remains are flown in. They'll have a brief ceremony followed by a full military honors funeral in Worthington on Saturday. State's life science resources to be mapped An idea fermenting for some time in the minds of several Indiana Health Industry Forum insiders has solidified into a plan to catalogue all life science-related resources across the state. "We are already nationally ranked as a leading life sciences state," CEO Mike Brooks said. "But no one has a good handle on all those resources and where they reside and how we can create an environment to build collaboration between regions."
	Do you prefer banking at a company with its headquarters in Indiana? Ownership of First Indiana Bank is finally headed out of state. Do you prefer banking at a company with its headquarters in Indiana?  | Physical Therapy and Sports Medicine Clinics What is the best time-saver you've come up with at work?   Visit IBJ's Web site, www.ibj.com       Indianapolis Business Journal has launched a redesigned Web site with news updated throughout the business day.     At www.ibj.com you will find the latest business news from the Indianapolis area and around the state, video of IBJ events, CEO interviews from the Inside IBJ radio program, and our weekly podcast.
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