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 DJIA 13,528 -132.6 / S&P 500 1,503.6 -16.6 / NASDAQ 2,794.6 -30.6
 |  |  Tonight: A few clouds, cold. Low 30. Thursday: Turning cloudy, breezy and milder. High 51.
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|  Wednesday, November 7, 2007 |
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Ballard is 'blank slate' to business leaders
Leaders of Indianapolis-area business organizations have a collective question mark in their minds when it comes to the look, feel and business-related priorities of Mayor-elect Greg Ballard. The Republican, who upset Mayor Bart Peterson in yesterday's election, has promised to fight crime, avoid tax increases and consolidate local government. But it's unclear what he'll do to make Indianapolis an attractive place for professionals to live and work. "He's a blank slate," said John Watson, a retired real estate developer and chairman of Historic Landmarks Foundation of Indiana. 
Will business like Ballard?
Dating at least to the '60s, when Richard Lugar was mayor of Indianapolis, the city's comeback has been driven by nationally renowned cooperation between government and business. Now Greg Ballard is the one needing corporate backing for everything from improving schools to trying to attract a Super Bowl. Will he get it? Will he want it? Join the conversation at IBJ 's new blog News Talk.
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Delta Faucet slashes 30 jobs at Carmel office
Delta Faucet Co. will eliminate about 30 jobs at its headquarters in Carmel, the company said in a statement. Many of the positions were vacant. Delta, a unit of Michigan-based Masco Corp., said the move was needed to respond to "challenging economic times, including an unprecedented downturn in the U.S. housing market and softening retailing activity ... ."
Pro-business mayor ousted in Anderson
Anderson voters yesterday ousted Mayor Kevin Smith, a Republican who had spent much of his energy trying to revitalize the city's sagging economy. Replacing Smith is Kris Ockomon, an Anderson police detective who is a Democrat. Ockomon hammered Smith over the direction he was taking with economic development, and Smith said in an interview today that the message reverberated in a town that had been controlled by Democrats for 16 years prior to his four-year term.
IRL licenses first wheel, the 'Indy 500'
Indianapolis Motor Speedway has licensed a co-branded wheel with TSW Alloy Wheels of Huntington Beach, Calif. It is the Speedway's first such licensing agreement for wheels. TSW will offer the Indy 500 wheel in painted and chrome versions. The rims will range from 17 to 20 inches, and will be made in varying widths to allow customers to use wider rims on the rear of their vehicles and narrower rims on the front.
From IBJ staff and Associated Press-Compiled by Norm Heikens
Mayors lose seats across region
Indianapolis Mayor-elect Greg Ballard wasn't the only challenger to push aside sitting mayors in the region during yesterday's elections. In Lawrence, Republican Paul Ricketts beat Democratic Mayor Deborah Cantwell, 51 percent to 43 percent. In Franklin, independent Fred Paris upset incumbent Democrat Brenda Jones-Matthews. However, in Carmel, incumbent Republican Mayor James Brainard won re-election with 66 percent of the vote. In Indianapolis' District 8, incumbent City-County Council member Monroe Gray is currently leading Republican challenger Kurt Webber, with most of the precincts reporting. Fox 59 will have more reaction at 10 p.m.
Republicans win control of City-County Council
Republicans gained control of the Indianapolis City-County Council during the elections. In the District 12 race, Republican Michael McQuillen beat incumbent Democrat Sherron Franklin. It's the first time a Republican has defeated an incumbent Democrat in that district.
Convict arrested for murder of Indianapolis woman
Police found Latonya Thomas, 41, stabbed to death in her Oriental Street apartment yesterday. Officers say Walker Brown, 27, admitted killing Thomas after she threatened to call police on him for drinking in the parking lot. Brown was released from prison just two weeks ago.
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Washington Township to discuss school closures
The Metropolitan School District of Washington Township is holding the last of three forums on proposed school closures tonight. District officials are looking for ways to save money because of the district's flat enrollment and decades-old buildings. Tonight's meeting is at 7 p.m. at Northview Middle School, 8401 N. Westfield Blvd.
Duke gains on record development starts
Duke Realty Corp. reported a quarter of record development starts and third-quarter funds from operations of $99.9 million, up about 2.5 percent from a year ago. On a per-share basis, Duke's funds from operations of 68 cents slightly beat analysts' expectations of 67 cents. Funds from operations are a key measure of success for Duke and other real estate investment trusts. Duke began nearly $500 million in projects during the third quarter. Forty-eight percent of the space under construction has been pre-leased. Included in the mix are two 120,000-square-foot office projects in Fishers and Indianapolis. In all, Duke has 41 properties in development totaling 11.5 million square feet. 
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Largest Indianapolis-Area Electrical Contractors
Largest Downtown Office Complexes 
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