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 DJIA 13,106.7 +62.8 / S&P 500 1,453.3 +6.1 / NASDAQ 2,612.4 +2.8
 |  |  Tonight: Clear and cold, heavy frost. Low 12. Friday: Lots of sunshine. High 34.
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|  Thursday, January 3, 2008 |
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Immigrant backlash could reach Statehouse
Indiana might be one of the next states to consider legislation that places the burden of screening illegal immigrants on business. At least one such bill is likely to be introduced in the General Assembly, said George Raymond, an Indiana Chamber of Commerce lobbyist specializing in labor relations. "It stands a fairly good chance," Raymond said. 
Radio station unveils new format
Cumulus Indianapolis ended more than a month of mystery yesterday, unveiling a new format for its WWFT-FM 93.9. Dubbed "Warm 93.9," the radio station rolled out the soft-rock format at 9:39 a.m.; it had been playing Christmas music since November and spun techno tunes for the past week. Its first song: "Every Breath You Take" by The Police.
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Cabela's to add competition to outdoor retailing
Two outdoor retailers south of Indianapolis say they won't operate differently after the Cabela's mega store opens near Interstate 65 this year. The Outdoorsman Sport Shop is banking on continued service and customer loyalty to weather the new round of competition, according to the Daily Journal of Franklin. Cabela's workers won't be as knowledgeable as their Outdoorsman counterparts, co-owner Winnie McPherson told the newspaper. Minnesota-based Gander Mountain, which has a location near the Cabela's site, will thrive, a spokesman said.
S&P keeps watch on Genesco ratings
Standard & Poor's Ratings Services said yesterday its ratings on specialty footwear retailer Genesco Inc. will remain on CreditWatch while the legal issues surrounding its $1.5-billion sale to Finish Line Inc. are worked out. Last week, a Tennessee judge ruled that Indianapolis-based Finish Line had to go through with the deal. The ruling dismissed the company's claims that Genesco committed fraud or had experienced a fundamental financial flaw that was out of step with the overall industry.
Hill-Rom names two new executives
Hill-Rom, the medical technologies manufacturing unit of Hillenbrand Industries Inc., said yesterday that Jeff Kao will be president of North America acute care and Greg Tucholski will serve as president of international and surgical divisions. Aside from overseeing the Batesville company's acute care products, Kao will continue to run the unit's North American sales force. Tucholski will continue to oversee all aspects of Hill-Rom's international business.
Indiana could see more oil drilling
Soaring oil prices and unrest in the Middle East and other regions where oil is plentiful may help the drilling industry in Indiana, Illinois and Kentucky, according to the Evansville Courier & Press. Drilling in the three states may have increased 20 percent in the past few years, Chris Mitchell, president of Illinois-based George N. Mitchell Drilling Co., told the newspaper. The increase in drilling also could be driving business to other industries, like trucking and heavy equipment, said Vic Gallagher of Gallagher Drilling Inc. in Evansville.
State promotes foreclosure counseling
A new statewide campaign is promoting a hotline and Web site providing assistance to homeowners facing foreclosure. The Indiana Foreclosure Prevention Network initiative started in November and already is receiving about 70 calls a day. Lt. Gov. Becky Skillman joined organizers today to launch the campaign at a foreclosed home on the east side of Indianapolis.
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Blog: IBJ Night at the Movies
Act quickly and visit Lou Harry's A&E and you could claim your tickets to a sneak preview of one of the most acclaimed films of the year: "There Will Be Blood." It's the latest IBJ Night at the Movies feature. While at the blog, join a discussion of how critics have influenced how you spend your arts and entertainment time and money.
From IBJ staff and Associated Press-Compiled by Norm Heikens
Students stand behind Fishers principal
Tomorrow morning, the Hamilton Southeastern School Board could determine whether to take disciplinary action against a principal who police say was driving under the influence. Fishers High School Principal Scott Syverson was pulled over last month on suspicion of drunk driving, but he wasn't arrested and no charges have been filed. Many are calling for him to be fired, but yesterday the senior class president organized a petition in support of Syverson; 141 students signed their names.
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| Child left in parked car; police arrest parents
Indianapolis Metropolitan Police arrested the parents of a 14-month-old after officers say the parents left the child alone in a parked car outside the Marsh grocery store at 62nd Street and Keystone Avenue. Pedro Peraza, 32, and Areyna Argueta, 26, are being held in the Marion County Jail on charges of child neglect. Investigators say the girl had been in the car for about 20 minutes while temperatures outside dipped well below freezing.
Smoking ban to be discussed at airport
The Indianapolis International Airport Authority board plans to hold a public forum tomorrow to discuss amending a smoking ordinance to allow smoking in designated areas. A June ban on smoking anywhere in the airport resulted in closing the smoking room, but smokers have been puffing outside.
Customer foils robbery attempt
Indianapolis Metropolitan Police are crediting a customer at a south-side grocery store with foiling an attempted robbery. Officers say Charlie Merrell, 51, was waiting in the check-out line at Buck's IGA Supermarket, 3015 S. Meridian St., when a masked gunman demanded money from a cash register. Merrell pulled out a gun of his own and subdued the suspect, later identified as Dwain Smith, 19, until police arrived on scene.
Lilly pipeline best in U.S., analyst says
The conventional wisdom on Eli Lilly and Co.'s drug pipeline is that it has low to moderate commercial potential. But one analyst, who thought to adjust potential to account for the differing sizes of the major U.S. drug companies, says Lilly has the best pipeline in the business. Bear Stearns & Co. analyst John Boris quantified the potential of all drugs in six major U.S. pharma companies. Lilly's pipeline has no fewer than 52 compounds, most of them in early stages of clinical testing. The total potential of Lilly's pipeline ranked second behind Pfizer Inc. But Pfizer's revenue is three times greater than Lilly's. So when Boris adjusted for market capitalization, Lilly's pipeline came out head-and-shoulders above the rest. Bristol-Myers Squibb was a distant second. 
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