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 DJIA 13,260.3 -188.6 / S&P 500 1,468.3 -21.1 / NASDAQ 2,606.2 -24
 |  |  Tonight: Partly cloudy and mild. Low 67. Thursday: Warm and breezy, isolated storms. High 90.
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|  Wednesday, September 5, 2007 |
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Clarian to build near Yorktown, official says
The president of the Yorktown town council said yesterday that many sources tell him Indianapolis-based Clarian Health Partners plans to develop a 100-acre site at the southwest corner of Nebo Road and State Road 332, west of Muncie. Steve Lowry's confirmation is the first to be made officially, according to The Star-Press of Muncie. The project would cost as much as $70 million and create upward of 170 jobs. 
Dow AgroSciences beefs up research
Indianapolis-based Dow AgroSciences has signed an agreement with Exelixis Plant Sciences to speed Dow AgroSciences' ability to find genes that control traits in corn and other crops. Assets purchased include a library of patents and patent applications, laboratory equipment, software and a greenhouse in Woodburn, Ore. Dow AgroSciences also will work with Exelixis to find traits that make plants perform better.
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Brooks takes on Ivy Tech economic development
Former U.S. Attorney Susan W. Brooks will be senior vice president of work-force and economic development in addition to her new duties as general counsel at Ivy Tech Community College, Ivy Tech said today. Brooks, a deputy mayor under former Indianapolis Mayor Steve Goldsmith prior to being named U.S. attorney, takes over economic development duties once handled by Carol D'Amico. D'Amico was passed over in favor of Tom Snyder to replace retiring Ivy Tech president Gerald Lamkin.
Fort Wayne hurt most by job losses, study shows
Ongoing manufacturing layoffs have resulted in Fort Wayne being stung worse than 14 other Midwestern cities, an Indiana University-Purdue University Fort Wayne study shows. Fort Wayne wages increased just 7.9 percent between 2001 and 2005, the lowest among Dayton, Ohio; Rockford, Ill., and other cities studied, according to Greater Fort Wayne Business Weekly. "It's like you tell somebody, 'I'm going to take your left arm, your right leg, a couple of organs ... and you're going to function,'" said John Stafford, director of the Community Research Institute at the university.
Gamblers who won $487,000 won't be charged
A county prosecutor says he won't file criminal charges against gamblers who pocketed $487,000 from a malfunctioning slot machine at the Caesars Indiana casino. Harrison County Chief Deputy Prosecutor John Colin says the actions of some patrons of the Ohio River casino may have been immoral, but not criminal.
From IBJ staff and Associated Press-Compiled by Norm Heikens
Colts fans celebrate season with kickoff party
The road to a Super Bowl repeat begins tomorrow night. The NFL is kicking off the season in style with a huge party downtown as the Colts take on the New Orleans Saints. More than 100,000 people are expected to attend. Crews have already blocked off traffic to Monument Circle. The roads will remain closed until 8 a.m. Friday. Fox 59 News will have more at 10 p.m.
Police raid local doctor's home, offices
A cardiologist known by some people in his Cumberland neighborhood as the "pill doctor" has had his home and businesses raided. Police were looking for more evidence as they investigate Dr. Elmer Manalo. They say Manelo over-prescribed medications such as Xanax, Methadone and OxyContin in exchange for cash. He has not been arrested. | | | |
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More tests needed in cause of baby's death
The Marion County coroner says it will be another six weeks before a cause of death is determined for a 2-week-old Lafayette baby. The coroner's office performed an autopsy on Audra Tessman yesterday. Audra died after her mom took her to a hospital because she was lethargic and vomiting. The coroner's report states that a doctor performing the preliminary autopsy said the newborn appeared to be injured.
Mattel announces third toy recall
Mattel is recalling more than 800,000 Chinese-made toys containing excessive amounts of lead-tainted paint. The recall includes more than 675,000 Barbie doll accessories, 90,000 GeoTrax units and nearly 9,000 Big, Big World 6-in-1 Bongo Band toys.
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Three more local apartment properties change hands
An already active Indianapolis apartment-sale market saw three communities change hands in recent weeks. Pickwick Farms Apartments, a 520-unit north-side complex that specializes in short-term leases on furnished and unfurnished units, was sold by Borns Management Corp. to Zidan Management. Both firms are locally based. The asking price was $23.5 million; the sale price was not disclosed. 
Does the city have adequate oversight of its public investments?
The city has an equity stake in the Conrad Hotel but didn't structure its investment to require regular reports of the hotel's performance. Are city investments in private projects appropriate? How should oversight of its investments be handled?
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