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 DJIA 13,975.9 +7.8 / S&P 500 1,543.1 +3.5 / NASDAQ 2,733.3 +3.8
 |  |  Tonight: A few clouds, mild. Low 63. Friday: Warm and hazy, weak storm chance. High 86.
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|  Thursday, October 4, 2007 |
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UAW pact leaves 3 Indiana plants vulnerable
In the document that spells out the tentative pact between General Motors Corp. and the UAW, the futures of numerous Indiana plants are listed as: "demand and business case dependent," "no future product allocation," or even possible sale or closure. Fifteen factories-including those at Bedford, Indianapolis and Marion in Indiana-have been left on shaky ground by the pact that the United Auto Workers hailed as having won its members unprecedented job security from GM. 
Councilman Gray ordered to pay $43,514
A Marion County Superior Court judge has ordered a company owned by City-County Council President Monroe Gray to pay $43,514 in unpaid bills. The judgment resulted from a suit filed against Mid Regional Concrete Inc. by Charlotte, N.C.-based Sunbelt Rentals , formerly NationsRent Inc. Gray could not be reached for comment. The decision is the latest in a long string of business troubles for Gray, a Democrat.
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Local office vacancy inches up
Downtown Indianapolis had a 15.5-percent vacancy rate for multi-tenant office buildings at the end of the third quarter, down 0.2 percent from the prior quarter, according to Colliers Turley Martin Tucker. Citywide, the vacancy rate for the quarter was up 0.2 percent, to 17 percent. The vacancy rate for suburban office space was 18 percent for the quarter, up 0.5 percent from the quarter before.
Kissingers receive $400,000 severance
Bioanalytical Systems Inc. disclosed yesterday that it is taking a $400,000 charge due to the settlement agreement reached with founder Peter Kissinger and his wife, Candice. Peter Kissinger early last month stepped down as chairman and chief scientific officer of the West Lafayette contract research company. A year earlier he resigned as CEO. He remains chairman emeritus. Also in early September, Candice Kissinger resigned her board seat and titles as vice president, secretary and director of research.
Columbus plant to gain work from Ohio site
PMG Indiana Corp. will create 73 jobs at its plant in Columbus as a result of closing a plant it operates in Dayton, Ohio. The Columbus site employs 250 and turns out parts made from metal powder for domestic and foreign carmakers. PMG is owned by Plansee Mitsubishi Materials, which is based in Luxembourg. PMG received $1.2 million in economic incentives, according to the Indiana Economic Development Corp.
Gold dealers seeing rush of new business
News of gold prices soaring above $700 an ounce is prompting people in the Indianapolis area to sell rings, necklaces and other jewelry, gold dealers say. Business has doubled in the past few weeks for Matt Dinger, who owns Lost Dutchman Rare Coins near Fort Benjamin Harrison. The metal is trading near $730 an ounce-close to a 28-year high as investors seek safety amid financial and political instability.
From IBJ staff and Associated Press-Compiled by Norm Heikens
State Police kill murder suspect
Indiana State Police shot and killed a man they say murdered his ex-wife at a hotel in Terre Haute before midnight. Police say Jessica Jones, 26, Terre Haute, was shot by Major Jones, Indianapolis, several times outside the hotel where she worked. Investigators say Jones took off with their four young children in an SUV before officers chased him down on eastbound Interstate 70 near Monrovia. The man released three of the children and kept one. Police say an officer shot Jones when he waived his gun at officers and the child. | | | |
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Metro police search for suspect in overnight shooting
A man is dead after an overnight shooting just south of downtown. An attendant at Fountain Square Express Gas Station in the 1400 block of East Prospect Street said two men in a van argued, and then one pulled a gun and shot the other, who was identified as Dean Messer. Police used dogs and helicopters to search the area, but couldn't find the suspect.
Pharmacist accused of filling prescriptions
without a license
When people in Nashville needed to fill a prescription, they turned to Morris Skirvin. But investigators say the Brown County pharmacist hasn't had a license since 1990, and he's also accused of giving his employers a fake license in 2004. CVS managers fired him in April. He's now charged with five counts of practicing medicine without a license. |  | | | |
| Monroe County smoking ban hits the road
Public smoking bans have become common around central Indiana. Monroe County health officials plan to take a different road. They want to stop people from smoking in cars when children under 13 are riding along. A health department spokesman says the sticking point is how to enforce it. Having police patrol specifically for the ban would be difficult. One idea is to make it a secondary item for officers to check after pulling someone over.
Forecast: Higher health costs, stubborn barriers
The future for health care in Indianapolis and the nation is predicted to look much like the present and the past. Costs will rise and more people will be hindered from receiving care. That's the prevailing message gathered by the Center for Studying Health System Change, a Washington, D.C.-based not-for-profit that closely examines health care in Indianapolis and 11 other cities. The center was expected to release its national findings Oct. 4. 
Largest Indiana Business Incubators 
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