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 DJIA 12,912.9 -143.8 / S&P 500 1,428.1 -19 / NASDAQ 2,545.1 -57.5
 |  |  Tonight: Scattered clouds, not as cold. Low 30. Saturday: Passing showers, milder. High 45. Sunday: A few showers, mild. High 53.
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|  Friday, January 4, 2008 |
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Finish Line shares erode after reporting loss
As Finish Line Inc.'s stock price takes a beating and an ill-fated acquisition attempt winds through court proceedings, executives at the Indianapolis-based athletic retailer say they are trying to focus on the core business. But CEO Alan Cohen told analysts during a conference call today that a lingering sales funk did not lift during the holiday shopping season. Finish Line's stock price was down almost 20 percent this morning, to $1.78, a new 52-week low. 
Funeral family asks court to intervene in dispute
A family that once owned Forest Lawn Memory Gardens and Funeral Home in Greenwood has asked a Johnson County court to put the business into receivership amid questions about the status of trust funds set aside to pay funeral expenses and maintenance. Fred Meyer Jr., along with a son, Jim Meyer, and a daughter, Nancy Cade, filed the papers in Johnson Superior Court yesterday. The family wants a receiver to operate the business to ensure $24 million in trust funds are handled correctly.
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Children's Wish Fund settles with brokerage
The Indiana Children's Wish Fund has received a settlement of an undisclosed amount related to an investment made by a brokerage firm the Wish Fund said was too risky, according to The New York Times. In June, The Wish Fund invested nearly $223,000 in a mutual fund recommended by Morgan Keegan. The fund, which had about 17 percent of its assets in mortgage-related securities, lost $48,000 by the time The Wish Fund ordered it be sold three months later.
Lilly asks FDA to approve blood thinner
Indianapolis drug company Eli Lilly and Co. and its development partner met their year-end deadline to submit blood thinner prasugrel for regulatory approval. Lilly and Daiichi Sankyo Co. Ltd. filed for U.S. Food and Drug Administration approval on Dec. 26, they announced today. Prasugrel could be a blockbuster if it successfully supplants the current best-selling blood thinner, Plavix, which racked up $6 billion in sales in 2006.
Statewide smoking ban might face delay
With a growing number of Indiana cities banning smoking in public places, smoking opponents had hoped lawmakers might endorse a statewide ban in their upcoming session. But state health commissioner Dr. Judith Monroe said smoking ban supporters aren't expecting such a bill to pass this year because lawmakers will be focused on property tax reform during their short legislative session. Nonetheless, health officials will be pushing harder for local ordinances this year, Monroe said Wednesday during a visit to Fort Wayne.
Gary loses final car dealership
The sole remaining car dealership in Gary has been sold, and it won't stay in the struggling city. The Dodge franchise was sold by Bob Nielsen and Jeff Nielsen to Isakson Chrysler in nearby Hobart, according to the Post-Tribune of Merrillville. "These are tough, tough times, and we're looking at it as a way to consolidate our employees into a new, state-of-the-art facility," Jeff Nielsen told the newspaper.
Kansas City educator named Ivy Tech provost
Ivy Tech Community College has created the position of provost and named Donald Doucette to the post. The provost serves as chief academic officer of the college, overseeing development and implantation of Ivy Tech's 150 programs on its 23 campuses across the state. More than 110,000 students are enrolled at Ivy Tech.
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Columbus auto dealership to liquidate
The attorney for a now-closed Columbus auto dealership has told a bankruptcy judge that the business has no assets and plans to file for Chapter 7 liquidation. John Hubler Nissan-Suzuki filed for Chapter 11 bankruptcy in December 2004. The dealership discontinued sales about one month ago when the remaining cars were taken from the lot.
USDA offers drought loans in 84 counties
The U.S. Department of Agriculture will offer farmers in 84 Indiana counties low-interest loans to help them recover from last year's dry summer. The USDA has granted Gov. Mitch Daniels' request to declare 74 counties disaster areas because of drought conditions from June through October. Farmers in 10 adjacent counties are also covered in the declaration and are eligible for the loans. |  | | | |
| Feds approve plan for Ohio River bridges
The federal government has approved a plan to pay for a $4.1 billion project to build two Ohio River bridges and reconstruct a downtown Louisville interchange. The approval clears the way for Kentucky and Indiana to start construction this year, though that doesn't mean Kentucky has the $2.9 billion it must contribute.
From IBJ staff and Associated Press-Compiled by Norm Heikens
Fishers principal suspended, faces firing
Scott Syverson, the Fishers High School principal who failed a field sobriety test during a traffic stop last month, was suspended with pay today by the Hamilton Southeastern School Board for 30 days. The board will meet again next month to vote on whether to fire him. Syverson has been at the center of controversy after an officer drove him home instead of to jail. The Hamilton County Prosecutor's Office filed criminal charges against him yesterday. Fox 59 will have more at 10 p.m.
Firefighters battle church blaze
Holy Trevail Church, at 12th Street and Holmes Avenue on the west side of Indianapolis, was heavily damaged by fire overnight. Investigators believe the blaze started accidentally.
Group endorses school board candidates
The Take Back Perry Schools group today officially announced candidates it is endorsing for the board. The group endorsed Chuck Mercer, Ken Mertz and Gwen Freeman. Last year, members of the group called for the resignation of several school board members during the controversy surrounding then-superintendent Doug Williams.
Smoking ban discussed at airport
The Indianapolis International Airport Authority Board held a public forum this morning to discuss amending a smoking ban, but made few changes. The board passed an ordinance last year that bans smoking anywhere on the airport's campus beginning this year. Members considered amending the ordinance after tenants and others asked them to consider designating certain smoking areas. The final version of the ban allows smoking only in employees' and travelers' personal vehicles.
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