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 DJIA 12,454.1 +70.2 / S&P 500 1,360.1 +6.1 / NASDAQ 2,348.6 -1.3
 |  |  Tonight: Strong winds, rain turning to snow. Low 16. Tomorrow: Sunny, windy and cold. High 24.
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|  Tuesday, January 29, 2008 |
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City to decide on bowl bid by mid-February
Mayor Greg Ballard this morning announced his leadership team for the 2012 Super Bowl bid, but said the city will review the National Football League's requirements before making a final decision whether to bid. Bids are due April 1. Ballard said a final decision about the bid will be announced by mid-February. Despite the hedging, Ballard said he thinks Indianapolis will win the 2012 game. "As you all know, I go in to win. I intend to win this time," he said. 
Lilly profit beats analyst estimates
Eli Lilly and Co. closed out 2007 with a strong increase in sales and profit. But it had to spend a lot to do it. Even as the Indianapolis-based drugmaker's sales rose 16 percent in the fourth quarter, its selling, marketing and administrative expenses grew even faster, 23 percent, according to an earnings report issued this morning. For all of 2007, Lilly's sales grew 14 percent, but selling, marketing and administrative expenses grew 16 percent. Still, Lilly reported 90 cents per share in earnings excluding certain one-time expenses, topping the 89 cents predicted by analysts, according to a survey by Thomson Financial.
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Clarian fund invests in biomarker firm
The first investment by Clarian Health Ventures is in an Indianapolis startup that is developing technology for spotting cancer cells. The new Clarian fund joined four other venture firms in pumping $6.25 million into CS-Keys Inc. CS-Keys was launched by Indiana University School of Medicine researchers.
Indiana foreclosures rose 11 percent last year
Indiana logged 52,930 mortgage foreclosures last year, up 11.3 percent from 2006 and 73.6 percent from 2005, a real estate tracking company said today. The state ranked 10th nationally, and had more than 1 percent of households in foreclosure, Irvine, Calif.-based RealtyTrac Inc. said.
Restructuring throws Dow farm unit for loss
Dow AgroSciences, the Indianapolis-based agricultural arm of Dow Chemical Co., lost $38 million in the fourth quarter due to a $77 million restructuring charge. Last year the unit earned $38 million. Dow AgroSciences sold $864 million of chemicals and other agricultural products in the quarter, up 6 percent from a year earlier, due to broad increases in volume and prices. High farm commodity prices also boosted demand for seed.
Grant to help link Evansville to health network
A $1.3 million federal grant will help connect Evansville with a growing network of health care providers that share patient information online. The grant from the U.S. Department of Health and Human Services Centers for Medicare and Medicaid Services will be used over two years to connect Evansville with the Indiana Health Information Exchange, officials said. The Indianapolis-based exchange, which consists of 33 hospitals, 7,200 physicians and 2,445 practices statewide, can deliver lab results, reports, medication histories, treatment histories and more in a standard, electronic format.
Acquisition saps Steel Dynamics profit
Steel Dynamics Inc., which is based in northeast Indiana, said yesterday that its fourth-quarter profit fell 6.8 percent due to costs related to the purchase of OmniSource. Net income fell to $97.9 million, or $1 per share, from $105.1 million, or $1.03 per share, the prior year. The latest quarter includes 7 cents per share in merger costs; excluding the items, Steel Dynamics would have earned $1.07 per share.
Indianapolis plant wins manufacturing award
An Indianapolis plant owned by Kentucky-based General Cable Corp. has been named one of the 10 best in the nation by the trade publication Industry Week. The plant, at 7920 Rockville Road near Indianapolis International Airport, makes polymer compounds. Batesville Casket Co., a unit of Batesville-based Hillenbrand Industries Inc., also received mention as one of the 10 best for its operation in Vicksburg, Miss. | | | |
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Blog: Fox black flags Danica ad
Indy car driver Danica Patrick has never been afraid to shake things up - on or off the track. It's hard not to argue she's been the best thing to hit the Indy Racing League in many years. But her latest TV ad is so hot, it's been banned from this Sunday's Super Bowl broadcast. To weigh in, go to IBJ's new sports business blog, The Score.
From IBJ staff and Associated Press-Compiled by Norm Heikens
Black nurses sue corrections company
A group of six black nurses has sued a Nashville, Tenn., company claiming they were fired because of racism. The group says Corrections Corporation of America, which operates at the Marion County Jail II, fired them because of their race and exposure to poor medical practices. The suit claims the company retaliated against the nurses after they complained about inmates' not receiving prescribed medications, receiving the wrong medications or another patient's medication. Fox 59 will have the latest at 10 p.m.
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| Dead Marine in California barracks is Hoosier native
Military officials say a marine found dead in his barracks at Camp Pendleton in California is an Indiana native. Lance Corporal Jonathon Goffred, 22, of Johnson County, died over the weekend. Military officials have yet to release Goffred's cause of death. It marks the second time in less than a week that an Indiana soldier has died in California.
Controversy surrounds special election
A special election to fill the seat of late Democratic Congresswoman Julia Carson may be more than a month away, but it's already creating controversy. Republicans are speaking out against a plan to use paper ballots during the election. They claim paper ballots are unreliable and can be easily manipulated. Election coordinator Beth White, a Democrat, says compromises must be made in order to stay under the $640,000 budget.
Exonerated man may still face charges
A Terre Haute man is out of prison after DNA evidence exonerated him of murder, but the charges against him haven't been dropped. Last week, prosecutors received DNA test results linking the murder of a West Terre Haute woman to another man, Kevin Weeks. The Vigo County prosecutor says the case against David L. Scott won't be dropped immediately, because he originally confessed to the crime and knew a lot of its details.
Ballard: tutoring needed
Mayor Greg Ballard, who tutors children at the Boys and Girls Club of Indianapolis, plans to start an office to track students who need extra help.
Marketers go Gurerilla
Guerilla marketing tactics including wild promotional props might be hokey, but they often work.
Sunglass firm lands Wal-Mart deal
A startup maker of sunglasses was stunned when Wal-Mart called and asked to put the Fatheadz brand on its shelves.
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