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 DJIA 13,066.7 +108.3 / S&P 500 1,446.8 +13.6 / NASDAQ 2,624.4 +31
 |  |  Tonight: Mild, shower late. Low 55. Wednesday: Rain likely, storm possible. High 59. Thanksgiving: Snow showers, cold, windy. High 40.
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|  Tuesday, November 20, 2007 |
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Wood-Mizer finishes sale to employees
A shift in ownership of Wood-Mizer Products Inc. to its employees was completed Nov. 16 when employees acquired remaining shares in the Indianapolis manufacturer of portable sawmills. President and CEO Jeff Laskowski said the total price to employees was about $35 million-less than half what the owners could have received on the open market. The owners wanted to see the company survive, give the workers a chance to succeed and preserve a culture that includes donating 10 percent of pre-tax profits to charity, Laskowski said. 
Heat, economy hammer Shoe Carnival profit
Third-quarter profit fell by half for Evansville-based Shoe Carnival Inc. The shoe retailer reported today that the plunge to profit of $4.2 million in the period ended Nov. 4 was caused by a "challenging economic environment" and a warm fall that failed to spark sales of boots and other fall and winter products. Comparable-store sales will fall 4 percent to 5 percent in the fourth quarter from the same period last year, the company projected. Shoe Carnival shares are trading steady today at about $13.11.
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Evansville casino workers join union
Approximately 183 dealers and supervisors at Casino Aztar in Evansville will be represented by the United Auto Workers union after the National Labor Relations Board refused to hear an appeal of the election filed by casino manager Columbia Sussex Corp. The vote took place last month, but the ballots weren't counted until after the NLRB ruling, according to the Courier & Press of Evansville. In announcing results of the vote yesterday, the UAW said the workers were concerned about pay, health benefits, treatment on the job, and health and safety.
Union vote nears for toll road fare collectors
Concerns about job security and annual raises will be on the minds of some Indiana Toll Road fare collectors when they vote next month on joining a union. If a majority votes in favor, the collectors will be represented by one of four Teamsters union locals depending on where they work along the 157-mile highway. Union officials say workers are concerned about job security.
Three companies to create 152 jobs in Angola
The northeastern Indiana town of Angola will see three companies expand or open new operations-creating a total of 152 jobs by 2010, according to the Indiana Economic Development Corp. The firms received a total of nearly $625,000 in state incentives.
Blog: Crumbling canal walk may get upgrade
The oldest portion of the downtown canal walk could soon get a $3.2-million upgrade. The city is finalizing plans for new pavement, stairs, retaining walls, lighting and railings along the canal between Ohio and West streets. See IBJ's real estate blog, Property Lines.
WellPoint signs Cigna exec as executive VP
John Cannon, formerly senior vice president and deputy general counsel at CIGNA Corp., has joined WellPoint Inc. as executive vice president and general counsel. The appointment takes effect Dec. 10, the Indianapolis-based health insurance giant announced yesterday.
Blog: Unions gaining, losing ground
Unions are experiencing mixed results. The United Auto Workers lost clout during negotiations with Detroit car companies this year. Yet, the Service Employees International Union is forcing janitorial firms to the table in Indianapolis, Cincinnati and other cities. And workers at Casino Aztar in Evansville won a battle to join the UAW. Overall, is organized labor starting to come back after years of decline? Join the conversation at IBJ's new blog, News Talk.
From IBJ staff and Associated Press-Compiled by Norm Heikens | | | |
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Security guard kills suspect on eastside
Metro police believe a security guard acted in self-defense when he shot and killed a man at the Spanish Oaks Apartments last night. Investigators say the apartments east of Interstate 465 on the east side are being renovated and were supposed to be empty, but the guard encountered two men hiding in a closet in one unit. One had a power saw. Investigators say the guard fired shots when the man with the saw lunged at him. Police are still looking for a second suspect. Fox 59 will have the latest at 10 p.m.
Suspect surrenders after standoff
The SWAT team was called to a standoff in the 800 block of South Collier Street near Indianapolis International Airport overnight. An anonymous tip originally led police to the site to serve a man with several warrants, but he refused to come out and told officers he was going to load his gun. After an hour and a half, he surrendered. Officers arrested him and found several weapons in the house.
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| Third suspect arrested in barbershop shooting
Dorian Baker, 17, was taken into custody yesterday. Baker is accused of shooting and killing Otis Brown at New Doo Barbershop on the near northside in October. Baker is being held in the St. Joseph County Jail.
Lawmakers assemble for Organization Day
State lawmakers will set the agenda for the upcoming General Assembly session today, as they gather for Organization Day at the Statehouse. Property tax relief is expected to be at the top of their list. House and Senate leaders say the assessment system will likely be overhauled.
Carrier carrying on in cool market
The sluggish housing market has motivated Carrier Corp. to emphasize high-tech furnaces in order to keep earnings warm.
'Mini meds' latest medicine for rising health care costs
A handful of small companies are offering health insurance plans that allow workers to choose what they want to protect themselves against.
Union files grievance over firing of Star editorial writer
A writers guild at The Indianapolis Star has filed a grievance over the firing of an editorial writer who used a racial slur in reference to City-County Council President Monroe Gray in an online blog.
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Largest Indiana Colleges and Universities 
What kind of holiday party, if any, does your company have these days? 
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