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 DJIA 13,330 +40.6 / S&P 500 1,471.9 +2.9 / NASDAQ 2,671 +8
 |  |  Tonight: Dry and chilly. Low 26. Friday: Hazy, sunshine, dry and seasonal. High 45.
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|  Thursday, November 29, 2007 |
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Clarian abandons Muncie-area project
Clarian Health has decided not to follow through on a medical park it planned near Muncie because, among other reasons, it couldn't sign enough doctors. The president of the Delaware County commissioners, John Brooke, said a Clarian official told him the park wasn't viable because too few doctors were willing to be involved with it. Clarian encountered stiff opposition out of fear it would compete with the home team, Ball Memorial Hospital. 
Castroneves barn storms TV ratings
Indy Racing League driver Helio Castroneves wasn't the only winner during Tuesday's Dancing with the Stars finale. The two-hour show posted an overnight 23 rating, with a 32 share, making WRTV-TV Channel 6 the most-watched ABC affiliate in the country, according to New York-based Nielsen Media Research. The show's ratings were higher than any other show airing Tuesday on any station in the local market.
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Fiscal Policy Institute board to retrench
About three months after the Indiana Fiscal Policy Institute quietly closed its doors, the board has decided to make a comeback with a new leader charged with fewer duties.
IFPI Board President Bob Kraft said the organization hopes to hire a new executive director-who will oversee research and policy development-by February. Former IFPI CEO Steve Johnson resigned when the overlap of the two responsibilities became overwhelming.
Marriott to add West Lafayette hotels
Marriott International Inc., the Bethesda, Md., hotel chain, plans to construct a building near the Purdue University campus in West Lafayette that will house two hotels, the city announced Nov. 27. Tapawingo Drive Partners LLC, which is owned by Indianapolis-based Sheehan Development, will develop the six-story, $31 million project. White Lodging Services of Merrillville will manage the hotels.
Growth slowing in Midwest, Fed says
A chunk of the Midwest saw economic growth slow in October and early November, the Federal Reserve Bank of Chicago said yesterday in its Beige Book report. However, even though businesses ratcheted back spending, spending by consumers was mixed. The area of the Midwest included in the Chicago district includes Iowa and most of Indiana, Illinois, Michigan and Wisconsin.
Billionaire raises stake in barge builder
Sam Zell, the Chicago billionaire who in April paid $8.2 billion to win a bidding war for Chicago Tribune parent Tribune Co., has accumulated more stock in Jefferson barge builder American Commercial Lines Inc. Nine of Zell's affiliates, including Chai Trust Co., increased their position to 25.5 percent of American Commercial Lines, from 24.5 percent on Nov. 21, according to Bloomberg, which cited securities records. The company's shares shot up11.5 percent yesterday, to $17.16.
Deal to buy Aqua Indiana moves forward
The Fort Wayne City Council has approved the city's purchase of Aqua Indiana Inc., a water and sewer utility owned by Pennsylvania-based Aqua America Inc. Fort Wayne City Utilities has offered $16.9 million for the private utility, although the seller says the price is too low. The city says it is taking over the utility because Aqua owes the city $2.1 million and has not operated it efficiently. The city plans to begin moving Aqua's 9,000 water and 1,600 sewer customers to the city's utility system. The deal is expected to be completed by the end of the year, according to The Journal Gazette. | | | |
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Letter urges halt to work at Indiana coal mine
A group of former coal miners suing Alcoa Inc. over alleged toxic waste exposure at a southwestern Indiana mine want state officials to halt mining at an adjacent mine, warning that the waste now poses a health threat to those miners. The letter contends that hazardous materials dumped decades ago at Squaw Creek Mine by Alcoa Inc. present "an imminent and substantial endangerment" to miners now working at the nearby Cypress Creek Mine. State officials dispute that and say the Cypress Creek Mine - where miners employed by a Vectren Corp. contractor are mining horizontally into coal seams - is safe for those miners.
Blog: Is competition in health care good?
Clarian Health wasn't able to get its medical complex near Muncie off the ground partly because doctors balked. So much sentiment poured out in favor of the home team, Ball Memorial Hospital, that Clarian couldn't sign enough doctors to make the $75 million project fly. Would Clarian have skimmed the most profitable business and left the rest for Ball Memorial, as detractors warned? Join the conversation at IBJ's new blog, News Talk. |  | | | |
| From IBJ staff and Associated Press-Compiled by Norm Heikens
Hamilton Avenue massacre suspects to appear in court
Two men accused of killing seven family members on North Hamilton Avenue in June last year are scheduled to appear in court today. Attorneys for Desmond Turner and James Stewart will go before a judge in a pre-trial conference to argue several motions. Turner also goes on trial today for felony battery charges in a separate incident. Investigators say he beat a corrections officer at the Marion County Jail. Fox 59 will have the latest at 10 p.m.
Investigators: parents confess to beating 3-year-old to death
The Marion County Prosecutor says he will seek life without parole for the two people accused of killing 3-year-old Tajanay Bailey. Investigators say the victim's mother, Charity Bailey, and the mother's boyfriend, Lawrence Green, confessed to beating the little girl and hanging her on a coat hook in a closet because she wet and soiled herself. The two are scheduled to make their initial appearance tomorrow.
Investigation continues into alleged rape
Three Rockville High School football players are at the center of a police investigation after a 17-year-old female student reported that she was raped by the athletes Nov. 24. The school board will hold a special meeting tonight to discuss whether conduct codes were violated. Charges will be filed if officers find enough evidence to send the case to the Marion County Prosecutor's Office. The alleged crime took place downtown at the Homewood Suites hotel on South Meridian Street after the team played in a state finals game.
Two Indiana nursing homes among worst in nation
The Bush administration is hoping to shame some nursing homes into improving patient care by posting a list of facilities considered the worst in the nation. Fifty-six nursing homes from 33 states are on the list. It includes Hillcrest Centre for Health and Rehabilitation in Jeffersonville in southern Indiana and Valparaiso Care and Rehabilitation Center in northwest Indiana.
IU doc: breast cancer 'cure' possible
An Indianapolis cancer doctor thinks she may have a cure for women with early-stage breast cancer. Dr. Kathy Miller, a professor at the Indiana University School of Medicine, will act as the principal investigator on an international, 5,000-patient, phase III trial that will combine common chemotherapy drugs with Genentech's Avastin. "What we hope and think will happen is the women treated with Avastin in addition to chemotherapy will have fewer recurrences of their breast cancer and more of them will be alive and well," Dr. Miller said. "They'll essentially be cured of their disease."  | | | |
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What kind of holiday party, if any, does your company have these days? 
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