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 DJIA 13,421.9 +176.2 / S&P 500 1,479.8 +19.7 / NASDAQ 2,677.9 +36.1
 |  |  Tonight: Cloudy. Low 43. Saturday: Slight chance of showers, breezy. High 55. Sunday: Chance of snow showers and windy. High 32.
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|  Friday, December 21, 2007 |
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Peterson leaves pension problem for Ballard
Mayor Bart Peterson's plan to permanently settle Indianapolis' massive liability for unfunded police and firefighter pensions will not be completed before he leaves office. Peterson, who approved a local income-tax hike this summer in part to underwrite nearly $500 million in pension bonds, told IBJ in an interview that Mayor-elect Greg Ballard will decide whether to move forward with the plan. Ire over the income-tax hike contributed significantly to Peterson's defeat at the polls in November. 
Real estate entrepreneur Linder dies
Gary Linder, an Indianapolis retail real estate pioneer, died suddenly yesterday. Linder, 56, founded The Linder Co. in 1982, developing it from a one-man real estate brokerage into a 40-person operation with offices in three states. He sold the company, now known as Sitehawk Retail Real Estate, three years ago. "He was a real student of the business, one of the original veterans in this industry," said Mark Perlstein, who became Linder's partner in 1988.
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Lilly's Taurel to take 50-percent pay cut
Sidney Taurel, who is retiring at the end of March after nearly a decade as CEO of Indianapolis-based Eli Lilly and Co., will see his salary cut in half while he remains chairman through the end of 2008. His base salary will be $864,250, with a non-stock bonus of up to $2.4 million. Taurel, 58, is being replaced by Lilly President and Chief Operating Officer John Lechleiter.
Johnson hospital chief departing suddenly
Johnson Memorial Hospital CEO Gregg Bechtold will leave the post Dec. 31 after arriving at an agreement with hospital directors Dec 19. Bechtold has led the hospital since 1992. "He and the board reached agreement to end his employment here," said hospital spokesman Bill Oakes. Oakes offered no details on the separation.
Coal gas plant draws backers to hearing
Duke Energy's plan to build a $2-billion coal gasification plant in southern Indiana drew strong support yesterday from a crowd at a public hearing on an air pollution permit. Opponents boycotted the hearing to protest the Indiana Department of Environmental Management's refusal to extend the time for public comment beyond Dec. 31. Duke officials say the new plant will produce about four times as much power as the existing one it will replace in Edwardsport, about 50 miles southwest of Bloomington.
Zell sets new tone as Tribune Co.'s CEO
Real estate mogul Sam Zell strode into Tribune Co.'s ornate headquarters in his trademark jeans and cowboy boots yesterday and declared that things will be different from now on at the 160-year-old newspaper and TV company based in Chicago. Whether that means a turnaround for a struggling, debt-laden company remains to be seen. After assuming the CEO and chairman titles of the newly private company, the blunt-spoken billionaire insisted that he isn't interested in Rupert Murdoch-like editorial control, widespread cost-slashing or an imminent sell-off of Tribune assets other than the Chicago Cubs and Wrigley Field.
Blog: All in the timing
Timing is everything. Should some of Indy's fledgling performing-arts companies shake the tyranny of the 8 p.m. curtain time and the two-hour duration? Or are such norms in place for good reasons? Today at Lou Harry's A&E blog, we discuss when and if to change the familiar.
Notice to readers
IBJ Daily will not be published Dec. 24 and 25 in observance of Christmas.
From IBJ staff and Associated Press-Compiled by Norm Heikens | | | |
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Hoosiers pay last respects to Julia Carson
A military procession took the body of Congresswoman Julia Carson to the Statehouse Rotunda this morning, where she will lie in repose for public and private services. A "Celebration Life" begins tonight at 6 p.m. Thousands are expected to attend her funeral at Eastern Star Church tomorrow at 10 a.m. Fox 59 will have more at 10 p.m.
2 dead from murder-suicide
Police are calling an early morning shooting that left two men dead a murder-suicide. Officials believe Tecoil Jones, 19, fatally shot Robert Warren, 23, after an argument inside a house in the 3100 block of Kenwood Avenue, near Crown Hill Cemetery. Jones then shot himself after walking out to the backyard. |  | | | |
| One dead after Carmel house fire
Crews were called to a fully engulfed house fire in the 11000 block of Westfield Boulevard last night. A man found inside during an initial search of the residence was rushed to the hospital, but later died of his injuries. Investigators believe the wiring from a basement electrical box may have sparked the fire.
New Castle man accused of beating toddler
Police say Jeremy Hoots, 29, is responsible for inflicting life-threatening injuries on his girlfriend's daughter. Kaitlynne Jennings, 3, was rushed to the hospital with a broken neck, fractured skull and bruises all over her body. The New Castle man claims the toddler was hurt while playing with her brothers. He's being held at the Henry County Jail on $140,000 bail.
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