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 DJIA 12,449.3 +6.5 / S&P 500 1,357.6 +2.3 / NASDAQ 2,353.8 +4.8
 |  |  Tonight: Heavy snow, ice, windy. Low 24. Friday: Snow, with 6 to 8 inches in Indianapolis. High 32.
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|  Thursday, January 31, 2008 |
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Schellinger hires new campaign manager
Indiana Democratic gubernatorial candidate Jim Schellinger has hired a new aide to lead his push to unseat Republican Gov. Mitch Daniels in November. Today Schellinger named Tim Jeffers, a former Democratic candidate for secretary of state, as his campaign manager. Schellinger's former campaign manager was Mike Edmondson. He stepped down sometime last fall, leaving the campaign in turmoil. Edmondson was executive director of the Indiana Democratic Party until May 2007, when he quit to join Schellinger's campaign. 
Interactive shares rally on profit report
Shares of Interactive Intelligence Inc. shot up this morning after the Indianapolis software firm late yesterday reported fourth-quarter earnings that exceeded analysts' expectations. The stock increased 16.3 percent, to $15.86. Per-share earnings of 16 cents beat the 12 cents expected by analysts surveyed by Thomson Financial.
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Duke stock falls despite strong earnings
Shares of Duke Realty Corp. dropped 6.3 percent this morning even though the Indianapolis company reported results late yesterday that met analysts' expectations. The shares traded near $22.82. The real estate investment trust said its results improved 10 percent in the fourth quarter as it rented out more of its available space. Funds from operations met analysts' expectations, according to a Thomson Financial poll.
Arcadia restructures $32.5 million in debt
Arcadia HealthCare, the home nursing and medical products provider that moved its headquarters to Indianapolis from Southfield, Mich., in October, said today it has restructured $32.5 million in debt. Part was renegotiated with Jana Partners LLC and part with Comerica Bank. Debt is a significant challenge for Arcadia.
Zimmer stock continues climb
Shares of hip and knee implant maker Zimmer Holdings Inc. are on the rise, and analysts say the company's better-than-expected fourth-quarter profit and strong 2008 outlook show the new management team is "firmly in control." Warsaw-based Zimmer on Tuesday reported adjusted quarterly profit that beat Wall Street's consensus estimate by 14 cents. UBS analyst Bruce Nudell said the company's conference call was reassuring on many levels, showing Zimmer's "new management team to be firmly in control of the company's tactical and strategic direction."
Indiana starts local government investment pool
The state is starting an investment pool for local governments and school districts so they can earn better returns on their money and avoid bank restrictions and fees. State Treasurer Richard Mourdock says the Trust Indiana program will be up and running by the beginning of February. Counties, cities and schools can pool their cash for the state treasurer to invest, then take out the money whenever they need it to issue paychecks or pay bills.
Elkhart RV supplier to expand, add 40 workers
Elkhart-based M-Tec Corp. said today it will expand its manufacturing operations and hire up to 40 workers. M-Tech employs 80 workers at four plants in the northern Indiana city that make steel frames and components for recreational vehicles. The company will spend more than $3 million on the expansion, which will add 60,000 square feet of space to its plant. It will receive about $300,000 in tax credits and training grants from the state, and the city will provide a tax abatement. | | | |
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Hog farm opponents turn out en masse
About 250 people showed up in at a meeting near Lafayette last night, mostly to protest a proposed confined hog-feeding operation. The Benton County Board of Zoning Appeals extended the 3-1/2-hour meeting until next Wednesday because not all of the witnesses who crowded into the Fowler Theater had a chance to speak, according to the Journal & Courier of Lafayette. North Fork Farms of Kokomo had presented its case before the board at an earlier meeting.
Blog: IU, Purdue athletics arming themselves
Purdue recently announced two multi-million dollar donors for its $82 million Mackey Arena renovation project. Indiana University is gearing up for its own athletics department capital campaign. So let the arms race begin. Is this type of competition good for our state's two biggest universities? To weigh in, go to IBJ's new sports business blog, The Score.
From IBJ staff and Associated Press-Compiled by Norm Heikens
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Sitter speaks out on apparent murder-suicide
A father and daughter have died in an apparent murder-suicide on the east side. Ginger Johnson found her daughter, Jordan Johnson, 8, and her husband, Dwayne Johnson, shot to death in their home at 3928 Fletcher Ave. Jordan's babysitter, Cindi Weisheit, says Dwayne Johnson had been upset because his wife had told him she wanted a divorce and custody of their daughter. Weisheit told Fox 59 that he said he wasn't going to let that happen "over his dead body." Fox 59 will have more at 10 p.m.
Committee to discuss IMPD control
The Indianapolis Public Safety Committee will hold a hearing today to talk about control of the Indianapolis Metropolitan Police Department. Mayor Greg Ballard wants to shift control of the department back to his office, but Sheriff Frank Anderson, who is currently in charge, opposes the plan. The City-County Council votes on the issue next month.
Memorial services planned for state trooper
Family and friends will come together today to remember the life of a state trooper killed while on duty. Investigators believe Daniel Barrett was trying to catch a speeding vehicle when his car left U.S. 31 near the Fulton County-Marshall County line and struck a tree. His viewing is today from 2-8 p.m. at First Assembly of God Church, 831 Burlington Ave., in Logansport. The funeral is tomorrow at 11 a.m.
President declares disaster in Indiana counties
President Bush has declared a disaster in nine Indiana counties hit by heavy flooding earlier this month: Cass, Carroll, Elkhart, Fulton, Jasper, Marshall, Pulaski, Tippecanoe and White. More than 800 homes were damaged in the floods.
Loyalties divided in Anthem's dispute
Reaction to the feud between Anthem Blue Cross and Blue Shield and a Bloomington doctors' group has been as unpredictable as the outcome. The doctors' group, Internal Medicine Associates, has received pans as well as praise in spite of Michael Moore's assault on health insurers in last summer's movie "Sicko" and the fact that nearly everyone has or knows someone who has a health insurance horror story. "The concerns and the calls have run the gamut from, 'Good luck. Go get 'em,' to real concern," said William Beyer, chief operating officer of Internal Medicine Associates, or IMA, a practice that includes 55 physicians and five nurse practitioners. 
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When making a hiring decision, how much weight do you give to the information you get from references supplied by the prospective employee? 
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