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 DJIA 13,020.8 -156 / S&P 500 1,43839 -19.8 / NASDAQ 2,602.1 -35.2
 |  |  Tonight: Steady temperatures, mild. Low 53. Tuesday: Breezy and warm. High 68.
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|  Monday, November 19, 2007 |
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Officials: Kentucky inaction ruined Medco deal
A pharmacy giant likely chose Indiana for its new $150 million mail-order center because of inaction by Kentucky regulators, business and government leaders in the losing state said. Medco Health Solutions announced Nov. 12 that it had chosen central Indiana over Louisville for the pharmacy center and its 1,300 high-paying jobs. "It was a deal breaker," said Eileen Pickett, a senior vice president of Greater Louisville Inc., the metro chamber of commerce. 
Indiana bracing for possible Kentucky casinos
Kentucky's newly elected governor has left some Indiana officials bracing for the possibility that its southern neighbor may legalize gambling. Kentucky's governor-elect, Democrat Steve Beshear, ran on a platform that included the legalization of casinos. If Kentucky opens its own casinos, it could cost southern Indiana's riverboats millions of dollars spent by out-of-state visitors.
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Braly tops Journal list of women to watch
The Wall Street Journal has ranked WellPoint Inc. CEO Angela Braly No. 1 on its "50 Women to Watch" list. It's an annual ranking of women who Journal editors "believe have the potential to make a significant impact on business in the year ahead." Braly, 46, became CEO of WellPoint on June 1, making the Indianapolis-based health insurer the largest U.S. corporation with a woman as its chief. Join the discussion at IBJ's new blog, News Talk.
Holding company buys Hilliard Lyons
J.J.B. Hilliard W.L. Lyons Inc., a unit of Pittsburgh-based PNC Financial Services Group Inc., is being sold to Houchens Industries Inc., a Bowling Green, Ky., holding company that owns businesses in construction, insurance, recycling, warehousing and grocery retailing. Financial terms were not disclosed. Hilliard Lyons is a Louisville-based investment firm with 10 offices, including one in downtown Indianapolis and one in Carmel.
Japanese firms drive solid growth in Seymour
Two decades ago, the southern Indiana town of Seymour suffered from double-digit unemployment, a degraded tax base and an outflow of residents. Today, the town, located between Indianapolis and Louisville, is adding jobs along with housing, hotels and restaurants. The key was a 1986 decision by Toyota supplier Aisin Seiki to locate its first U.S. plant in the community, according to The Republic of Columbus.
Fort Wayne company to expand, add 55 workers
Baekgaard Ltd., a Fort Wayne company that designs home furnishings and accessories, will build a $3.6 million corporate headquarters and distribution center on Interstate 69 near Fort Wayne, the Indiana Economic Development Corp. announced today. Baekgaard will add 55 jobs to its existing work force of 10 as part of the expansion at Silverado Park industrial park. The company received $485,000 in state incentives.
Correction
The Finish Line Inc. agreed to buy Genesco Inc. for $1.5 billion. The price was incorrect in the Nov. 16 IBJ Daily.
From IBJ staff and Associated Press-Compiled by Norm Heikens
Indianapolis 45th among dangerous cities
Indianapolis ranks 45th on a new list of the nation's most dangerous cities. Detroit tops the list, which was assembled by C.Q. Press, a unit of Congressional Quarterly Inc., and was based on annual FBI crime statistics. The study has drawn harsh criticism from the American Society of Criminology. It calls the report "an irresponsible misuse" of crime data. Fox 59 will have more at 10 p.m. | | | |
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Tip from phone sex operator leads to arrest
Ronald Eiland, 59, is accused of sexually abusing his daughter's friend while she was visiting his home in September. The girl told police she woke up to find the Indianapolis man touching her. A phone sex operator told investigators that Eiland put a 9-year-old girl on the phone during a call the same night of the alleged incident.
Canal cleanup entering second phase
Contractors say cleanup on the downtown Central Canal should enter its second phase in the next few days. Workers spent last week removing fish and soon will start scraping out vegetation and trash. The entire project is expected to take three months and cost $423,000.
Indy gas prices lower than national average
Holiday travelers may want to gas up today. Pump prices at some central Indiana locations have fallen in the last few days. According to IndyGasPrices.com, Plainfield has the cheapest gas in area-as low as $2.75 a gallon. The national average is up 13 cents, to $3.09. |  | | | |
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SoDo proposal faces stiff odds
The proposed site for the $480 million mixed-use project is ripe for development. But experts say lining up financing will be tricky.
Union: Utility owes $115M
A labor union and 16 retirees from Indianapolis Power & Light Co. have asked regulators to force IPL parent AES Corp. to pay as much as $115 million to back-fund a retirement plan it spun off in 2001.
Ballard: 'Only 1 head coach'
If the ideas Mayor-elect Greg Ballard espouses in his self-published management book are a good indicator, he'll bring a hierarchal approach to running the nation's 13th-largest city.
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