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 DJIA 13,260.6 -79.3 / S&P 500 1,460 -8 / NASDAQ 2,605.3 -30.4
 |  |  Tonight: Gradual clearing, very cold. Low 16. Tuesday: Sunshine returns, dry. High 36.
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|  Monday, December 17, 2007 |
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Details could make, break ExactTarget IPO
ExactTarget Inc. will need to reveal much more about its $86-million initial public offering before analysts and investors can accurately assess the value proposition, one expert said today. The Indianapolis-based e-mail marketing firm hasn't disclosed details including the number of shares available and the price per share; that information probably won't be forthcoming until February, said David Menlow, president of Millburn, N.J.-based IPOFinancial.com. ExactTarget made the basics of its plan public to the Securities and Exchange Commission late Friday. 
Former Reilly changes hands again
The private-equity firm that bought Indianapolis-based Reilly Industries and re-made it last year into Vertellus Specialties has sold Vertellus to another equity firm, Wind Point Partners. New York private-equity firm Arsenal Capital Partners did not disclose terms of the deal. Indianapolis-based Vertellus, with 750 employees and annual sales of more than $450 million, was formed by the merger of Reilly and Rutherford Chemicals, which was owned by Cambrex Corp. of East Rutherford, N.J.
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Colts announce final gate sponsor for stadium
A day after the team clinched its division championship on the field, the Indianapolis Colts front office scored its final gate sponsor for the new Lucas Oil Stadium. The Colts today announced a multi-year deal to make Sprint the stadium's east gate sponsor. Though terms of the deal were not revealed, Colts officials told IBJ in September 2006 that the asking price for such a gate sponsorship was $1.4 million annually.
UAW ends International truck strike
A seven-week strike of International Truck and Engine Corp. ended yesterday after 3,700 members of the United Auto Workers union voted to approve a new contract, officials said. The new labor agreement takes effect immediately and runs until Oct. 1, 2010, the company said in a release. Workers at local unions in six states have been on strike against the company since Oct. 23, alleging unfair labor practices. The deal covers about 1,600 workers at International's two plants at 5565 Brookville Road on Indianapolis' east side.
Lilly broadens Ambrx alliance
Eli Lilly and Co. expanded its alliance with San Diego-based Ambrx Inc., the companies announced today. Indianapolis-based Lilly will use Ambrx's protein-optimization technology, called ReCODE, in its efforts to develop biotech drugs. The two companies will try to bring to market drugs for treating metabolic diseases, central nervous system disorders and other conditions.
Emmis acquires Bulgarian radio property
Indianapolis-based Emmis Communications Corp. today announced it has acquired Inforadio, a national radio chain broadcasting in 13 Bulgarian cities. Balkan Broadcasting EAD, an Emmis subsidiary, purchased 100 percent of the stations' parent company, Infopress & Company OOD, a Bulgarian limited liability company.
Casino license could hang on semantics
Columbia Sussex Corp.'s ability to renew its license to operate the Casino Aztar riverboat in Evansville could hinge on a couple of words and their definitions, according to the Evansville Courier & Press. Evansville Mayor Jonathon Weinzapfel says the Indiana Gaming Commission should yank the license held by the Fort Mitchell, Ky., company because New Jersey regulators earlier this month "revoked" its license to operate the Tropicana Casino and Resort in Atlantic City. Still, some could say Columbia Sussex's license renewal was simply denied. The terms are likely to be considered in March when the Indiana Gaming Commission takes up a complaint Weinzapfel filed against Columbia Sussex.
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Elkhart factory closing to cost 150 jobs
Atwood Mobile Products LLC plans to close a northern Indiana factory early next year in a move it said would cut 152 jobs. The Elkhart-based company is phasing out the line of windows for recreational vehicles, shuttle buses and horse trailers made at one of its four Elkhart plants because of an "exceptionally competitive" market, said Kip Ellis, its vice president of sales and marketing.
Blog: Price points
One of the productions Lou Harry will be reviewing in the next IBJ is "Assassins," the Stephen Sondheim musical staged by the new Indy-based company Lowbrow Productions. Something he probably won't mention is that reserved tickets are only $15. How much does ticket or admission price impact your decision making when it comes to the arts? Join the conversation at IBJ's new blog, Lou Harry's A&E.
From IBJ staff and Associated Press-Compiled by Norm Heikens
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Accident kills Carmel family
This weekend's slippery road conditions caused a Hamilton County accident that killed a mother and her three daughters. Batul Abbas was on her way home with her daughters Saturday night after visiting a friend when she lost control of her van. It skidded off the icy road and into a retention pond near 141st Street and Towne Road.
Police search for shooting suspect
Metro police are searching for at least one suspect who shot three people, killing one, in the 2100 block of Sharon Avenue east of Indianapolis Motor Speedway. Six children who saw the incident are OK, but Anthony Graves Jr., died after he was shot multiple times. His girlfriend, Lamonica Radford, and her uncle Kevin Radford, each were shot once in the leg, but are expected to recover.
Special election will determine Carson's replacement
Indiana will host a special election to fill the open U.S. House seat left after Rep. Julia Carson's death Saturday. It marks the first time in almost two decades that a special election will be held. Among those who might run is Indianapolis Democrat's grandson, Andre Carson, who represents the 19th District on the Indianapolis City-County Council.
Sending holiday cheer
U.S. Postal Service officials expect today to be the busiest mailing day of the year. More than a billion pieces of mail will travel through the U.S. Postal system. The Postal Services recommends people send all first-class and priority mail by Dec. 20 in order for it to reach its destination by Dec. 25.
Seeking a piece of the pie
Eli Lilly and Co.'s plan to outsource more work creates good news and bad news for the city's life-sciences sector.
Special Report: Financial travails dog CEO
One of the city's most daring real estate developers, Christopher P. White, faces millions of dollars in liens, a lawsuit over unpaid bills and an attempt by the state to recover sales taxes on his plane.
eGix buyout sets up Bell battle
Cincinnati Bell's buyout last week of Carmel-based eGix could heat up an already-competitive local telecommunications environment.
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