Steel Dynamics caused $1B loss, suit claims

DJIA 12,177.8 -20.5 / S&P 500 1,327.7 +1.3 / NASDAQ 2,276.8 -1.9 Tonight: A few snow showers, cold. Low 28. Tomorrow: Rain-and-snow mix late. High 42.
	Thursday, February 7, 2008
	Steel Dynamics caused $1B loss, suit claims A lawsuit filed in Steel Dynamics Inc.'s headquarters city of Fort Wayne accuses the steelmaker of causing a steel company in Thailand to lose $1 billion. Prime Eagle Group Ltd., owner of the Thai steel company, claims investors abandoned Nakornthai Strip Mill after Steel Dynamics publicly criticized the project while acting as a consultant to the mill, according to Bloomberg.   Schellinger calls for restored bargaining Jim Schellinger, who is seeking the Democratic nomination to unseat Indiana Gov. Mitch Daniels in his attempt at a second term, told a group of retired United Auto Workers members yesterday that in his first hour as governor he would reinstate the ability of unions to bargain collectively. Speaking in Marion, Schellinger also said he would strive to change the law to make it harder for future governors to cancel unions' powers, according to the Marion Chronicle-Tribune.
	Cabela's cost Greenwood $130,000 Greenwood's attempt to land a Cabela's outdoor store cost $130,000 in attorney and consulting fees, according to the Daily Journal of Franklin. The Indianapolis law firm of Ice Miller received $68,000 for drafting bonds offered to the Nebraska retailer. Cabela's said last week that a slowing retail environment forced it to indefinitely delay the project.   Republic Airways posts higher profit Republic Airways Holdings Inc. said yesterday its profit rose in the fourth quarter, beating Wall Street forecasts, as the Indianapolis company posted higher traffic, fuller planes and lower costs. Republic's profit rose 19 percent, to $24.3 million, or 65 cents per share, from $20.4 million, or 46 cents per share, a year earlier. Shares of the company, which offers regional passenger and air freight services, were down 16 cents to $19.90 in morning trading.   Prime earning group to shrink, report says The number of Hoosiers in their top earning years will shrink as the baby-boom generation retires, a new study shows. By 2025, the state will have 2.6 million people between the ages of 25 and 54, according to the study by the Indiana Business Research Center at Indiana University. That's a 1.7-percent decline from 2005.   AT&T to add 150 jobs in Evansville AT&T plans to hire 150 workers at its Evansville call center this year, reports the Evansville Business Journal. The new jobs will pay an average of $11.60 an hour. About 600 people now are employed at the call center, which opened last year. House committee approves Great Lakes bill Indiana would join a regional compact intended to protect other states from tapping into the Great Lakes' waters under a bill a House panel unanimously approved. The House Environmental Affairs Committee passed the Senate version of the bill yesterday on a 10-0 vote. The compact would protect water from being siphoned out of the Great Lakes watershed to drought-stricken states or areas that need water to continue their growth.   Ethanol production could harm water quality A Purdue University agricultural economist is worried that the push to raise more corn to feed the expanding number of ethanol plants will harm soil and water quality. Otto Doering said during a recent conference that farmers lured by higher corn prices will feel compelled to bring highly erodible and environmentally sensitive land out of the federal Conservation Reserve Program and put it into production, according to The Star Press of Muncie.
	Blog: Super Bowl bid becomes taxing effort Arizona residents' willingness to pay higher taxes may have a strong impact on Indianapolis' effort to land the 2012 Super Bowl. Funding from Arizona's corporate community paid for 80 percent of the host city's Super Bowl bill this year. But with a slumping economy, Arizona leaders say more money will have to come from taxpayers' pockets if they win the 2012 bid. To weigh in, go to IBJ's new sports business blog, The Score. From IBJ staff and Associated Press-Compiled by Norm Heikens Fishers school principal resigns Fishers High School Principal Scott Syverson resigned today, after the Hamilton Southeastern School Board suspended him last month following a drunken driving charge. The board unanimously accepted Syverson's resignation and gave him $25,000 to avoid pending litigation between him and the school. Syverson was charged after he was pulled over on suspicion of drunken driving. Fox 59 will have the latest at 10 p.m.
	Mother who smothered son had troubled past Indianapolis Metropolitan Police say Latasha McMorris was drinking before she passed out and smothered her son at the EconoLodge, 3525 N. Shadeland Ave., early Wednesday morning. Her family told Fox 59 she's been an alcoholic for years. She's been arrested for public intoxication five times in the last three months and was convicted of child neglect last year. Flood waters cause several road closures Several roads in north-central Indiana are closed due to flooding. In Noblesville, officials shut down a portion of State Road 19 between Logan Street and Field Drive, and at least seven other roads are closed in the city. In Westfield, the intersection at 191st Street and Flippins Road also is closed. Services set for firefighter killed in crash The calling for Brown Township Fire Captain David Sherfick is scheduled from 4 p.m. to 8 p.m. today at First United Methodist Church in Mooresville. The funeral will be tomorrow at 10 a.m. in the Mooresville High School Auditorium. Sherfick was killed this week when an SUV crashed into an ambulance he was driving on State Road 144 in Morgan County. Journal study could boost Cook Medical It's not a bad deal when the nation's most prestigious medical journal promotes your business. The New England Journal of Medicine last week indirectly gave a boost to Bloomington-based Cook Medical's fast-growing stent graft business. The journal published a study showing that inserting stent grafts through a heart patient's veins yields better results than performing open surgery for patients with an abdominal aortic aneurysm. Bloomington-based Cook designs its stent grafts for intra-vein, or endovascular, procedures.
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