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 DJIA 12,416.3 +35.2 / S&P 500 1,354.4 +1.3 / NASDAQ 2,306.6 +3.3
 |  |  Tonight: Rain turning to snow, windy. Low 31. Tomorrow: Snow likely, gusty and cold. High 32.
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|  Monday, February 25, 2008 |
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AAR to hire 300 at airport hangar
AAR Corp., the Wood Dale, Ill., company that took over the abandoned United Airlines repair base three years ago, said it hopes to add more than 300 workers this year in Indianapolis. Mayor Greg Ballard is expected to attend a press conference early this afternoon announcing the expansion. AAR currently has 925 employees working in eight bays of the former United base at Indianapolis International Airport. 
Conseco shares drop on restatement
Stock in Conseco Inc. sank 4 percent this morning after the Carmel insurer said it would restate earnings for nearly the past three years and alter other information as far back as 2003. The shares slumped to $11.62. Conseco said the action will correct errors identified by the company's process of improving its internal financial controls.
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|  | Drugmakers hope court offers more protection
The pharmaceutical industry will be watching the Supreme Court today to see if justices will give drugmakers protection from lawsuits similar to what they recently handed medical-device makers. The high court will consider whether state courts can consider allegations that a pharmaceutical firm misled the Food and Drug Administration to win approval for a drug. Last Wednesday, in a case involving Medtronic Inc., the court ruled that federal regulation of advanced medical devices pre-empts lawsuits in state courts against their manufacturers.
Indiana, other late-primary states could matter
Democrats in states that refused to join the stampede to the front of the presidential nominating calendar might end up with the final say by voting last. Instead of being an afterthought in a contest that had already been decided, states with springtime primaries and caucuses may yet play a role in the hard-fought and unusually long-lived race between Democratic hopefuls Barack Obama and Hillary Rodham Clinton. In Indiana, for example, which hasn't been in a position to help decide the Democratic nominee in 40 years, excitement is building among political supporters like Gelone Broadnax of Indianapolis, who began attracting attention when she donned an Obama campaign button recently.
Citigroup lays off 194 in South Bend
A reorganization by New York-based bank giant Citigroup has resulted in 194 layoffs at the company's statement-processing offices in South Bend. The workers were told last week that their jobs would disappear by the end of June, according to the South Bend Tribune. The operation, formerly Associates First Capital, was acquired by Citigroup in 2000.
Logging plans upset environmentalists
State officials' logging plans for two state forests have rankled environmental activists who want the small amount of woods on public land left alone. Last fall, the Indiana Department of Natural Resources angered activists when it announced that the agency would begin to log "back country" areas in southern Indiana's Morgan-Monroe and Yellowwood state forests. Those areas contain the oldest hardwoods that are most valuable to lumber buyers and therefore the biggest revenue producers.
ISU room, board rates rising 4.5 percent
Indiana State University students will see their residence hall room-and-board rates rise an average of 4 percent to 4.5 percent in the 2008-09 school year under changes approved by the school's trustees. The changes approved Friday mean the standard residence hall room-and-board rate for students with less than 56 credit hours will be $6,972 starting this fall.
Blog: NFL Combine, Ice smash records
A record 420 credentialed media poured into town to report on the NFL Scouting Combine at the RCA Dome, while a league-high 12,575 fans filed into Conseco Fieldhouse on Saturday for the Indiana Ice's Pack the House Night, pushing the team near the top of the U.S. Hockey League in attendance. To weigh in, go to IBJ's new sports business blog, The Score.
From IBJ staff - Compiled by Norm Heikens | |
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Hamilton Southeastern pushes out superintendent
Concetta Raimondi, superintendent of Hamilton Southeastern Schools in Fishers, is out following a school board meeting this morning. The board activated an early termination of her contract due to a philosophical difference over the future of the district's curriculum. Her contract was to have run through 2011. Fox 59 will have the latest at 10 p.m.
Police search for shooting suspects
Indianapolis Metropolitan Police are looking for the men who shot into a car full of women on the east side this morning. The women were at a White Castle restaurant when the men approached. They drove off because they didn't know the men. However, the suspects followed them in a blue Dodge Neon and shot at them near the Phoenix Apartments, which are off 38th Street. Police say one bullet came inches from hitting the driver.
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| Election board tests voting machines
The Marion County Election Board today will conduct a public test of voting machines in preparation for the March 11 special election to fill the 7th District U.S. House seat. The seat has been vacant since Democratic Rep. Julia Carson died in December. The election pits her son, Democrat Andre Carson, against Republican Jon Elrod and Libertarian Sean Shepard.
Former Perry Township constable arrested
Indianapolis Metropolitan Police arrested former Perry Township Constable Lawrence Walter, 27, over the weekend. Police say he got into a street fight early Sunday morning with an off-duty cop outside Landsharks, a bar in Broad Ripple. Walter is being held on $30,000 bond.
Health officials conduct follow-up TB tests
The Marion County Health Department will conduct follow-up tests for tuberculosis at Southport High School today. The tests come three months after a student was diagnosed with the disease. More than 400 students initially were tested back in December. Health officials say it's routine to conduct follow-up TB skin tests 10 weeks to 12 weeks after the initial test.
State debt tactics backfire
The debt strategy that Gov. Mitch Daniels' top financial officials developed to save the state money on major projects like Lucas Oil Stadium has turned sour.
Scandal may repel IU donors
The Kelvin Sampson fiasco could complicate the campaign to raise $80 million for Indiana University's athletic department.
Desirable?
If the success that Portland, Ore., has enjoyed with modern streetcars can be replicated here, Indianapolis would see development sprout up adjacent to the rail line.
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