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 DJIA 12,111 -147.9 / S&P 500 1,315.4 -16 / NASDAQ 2,231.4 -27.3
 |  |  Tonight: Snow and sleet, 1 - 2 inches. Low 25. Tomorrow: Morning flurries, afternoon sun. High 40.
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|  Tuesday, March 4, 2008 |
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Finish Line, Genesco agree to part ways
Shares of The Finish Line Inc. jumped today after the retail sports chain announced a definitive agreement to end its $1.5 billion acquisition of Genesco Inc. Shares in the Indianapolis-based company rose 53 cents, or 13.4 percent, to $4.50 after the opening bell. Finish Line shot up 40 percent yesterday on news that the parties had asked a judge to delay a New York trial that was to have decided whether Swiss banking giant UBS AG was obligated to finance the deal. 
Herff Jones buys Florida cap, gown maker
Herff Jones Inc., the Indianapolis company that makes high school rings, yearbooks and other educational products, has acquired a St. Petersburg, Fla., maker of religious, academic and judicial robes. Murphy Cap & Gown Co., the nation's leading religious robe company, will be added to Herff Jones' cap and gown division and retain its St. Petersburg headquarters. Murphy has about 200 workers and has been in business 95 years. |  | | | |
|  | Conseco estimates break-even fourth quarter
Conseco Inc. expects it broke even in the fourth quarter, in part because of $25 million in losses on its investment portfolio, the Carmel insurer said late yesterday. In a filing with the Securities and Exchange Commission, Conseco postponed filing its annual report until March 17. Insurers typically exclude investment losses from their core income, claiming temporary swings in the value of investments are not critical to an insurer's business.
New Zimmer CEO earned $10.3M last year
Zimmer Holdings Inc. chief executive David C. Dvorak received $10.3 million in total compensation in 2007, according to a proxy statement the Warsaw company filed yesterday with the U.S. Securities and Exchange Commission. According to the filing, Dvorak's base salary rose from $400,000 in 2006 to $700,000 in 2007. He was promoted to the CEO post in May 2007 after former CEO J. Raymond Elliott retired.
Some Indiana-made trailers called toxic
Formaldehyde levels in the trailers provided to Gulf Coast hurricane victims vary greatly by brand, and four of the six most commonly used brands are among those with the highest levels, a federal study released yesterday found. Air samples from trailers made by Gulf Stream, based in Nappanee; Keystone, based in Goshen; Pilgrim, based in Middlebury; and Forest River, based in Elkhart, contained more than four times the formaldehyde levels that is found in newer U.S. homes, according to the study by the U.S. Centers for Disease Control and Prevention.
Dow moving certain operations to Michigan
Indianapolis-based Dow AgroSciences LLC plans to move production of four products to Michigan over the next two years. The agricultural arm of Dow Chemical Co. of Midland, Mich., did not disclose the products because some of the third-party manufacturers haven't been notified. But none of the herbicides, pesticides or genetically engineered products is made in Indiana, said spokeswoman Kenda Resler-Friend. Employment at Dow AgroSciences' headquarters at 9330 Zionsville Road, which now stands at about 1,000, will not be affected by the decision, she said.
Blog: Indy 500 trailing Daytona 500
Recently released data shows NASCAR's Daytona 500 is still miles ahead of the Indianapolis 500 in terms of value the race delivers to sponsors. But with the unification of the Indy Racing League and Champ Car, there is much optimism that the 2008 edition will be the most-watched Indianapolis 500 in more than a decade. To weigh in, go to IBJ's new sports business blog, The Score.
From IBJ staff - Compiled by Norm Heikens
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Man impaled in interstate accident
A semi-truck driver was killed early this morning on Interstate 65 near Southport Road when his truck ran off the highway and into some trees and a fence. Police say a fence post broke through the front windshield and impaled the man through the abdomen. The driver was pronounced dead at the scene. Fox 59 will have more at 10 p.m.
Special election a week away
The special election for the open 7th District Congressional seat is one week from today. Democratic candidate Andre Carson, who hopes to fill the seat vacated by his late grandmother, Julia Carson, spent the morning visiting workers at Lucas Oil Stadium. A recent poll shows Carson leading Republican Jon Elrod by 18 percentage points.
Marion County coroner could lose pay
The Indianapolis City-County Council Finance Committee meets tonight to consider suspending Marion County Coroner Kenneth Ackles' pay. At last night's council meeting, President Bob Cockrum moved forward with a resolution to stop paying Ackles, who failed to complete a training program and pass a required coroner's certification test. The head of the state's Coroners Training Board says that means Ackles is in violation of Indiana law. |  | | | |
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Browning eyes airport land
Browning Investments is considering developing 61 acres just north of Indianapolis International Airport, but issues remain.
College coffers receive scrutiny
Endowments at Indiana colleges and universities are soaring, stoking debate over whether some of the wealth should be used to hold down tuition increases.
Can reunion spur revival?
The reunification of Champ Car and Indy Racing League is creating business opportunities.
What is the most effective way you've found to network? 
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