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 DJIA 12,125.2 -119.8 / S&P 500 1,318.2 -15.5 / NASDAQ 2,256 -0.7
 |  |  Tonight: Cloudy and dry. Low 26. Tomorrow: Snow developing, 2-4 inches possible. High 32.
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|  Thursday, March 6, 2008 |
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Zyprexa warnings inadequate, Alaska claims
Eli Lilly and Co. failed to adequately warn doctors and patients of dangerous side effects associated with its drug Zyprexa, an attorney for Alaska said yesterday in opening arguments in the state's lawsuit against the drug maker. Alaska is suing to recover money it claims it had to pay for Medicaid patients who suffered serious health problems after taking Zyprexa. Lilly attorney Nina Gussack urged jurors to consider how Zyprexa had helped free people "from a hell most people cannot imagine." 
Drozda to leave state Senate
The former director of Indiana Right to Life says he plans to resign from the state Senate. Jeff Drozda is a Republican from Westfield. Drozda says his employer, United Healthcare, is transferring his position to South Carolina.
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|  | Some pastors want immigration bills postponed
Some pastors say Indiana legislators shouldn't pass an illegal immigration bill this year. About half-dozen pastors held a Statehouse press conference today, saying lawmakers should study the legislation's consequences. The proposal would crack down on companies that knowingly hire illegal immigrants.
Finish Line shares fall after sales report
Athletic-footwear retailer Finish Line Inc. said today its fourth-quarter same-store sales fell 6 percent, versus a 5.4-percent decline in the year-ago period. Stock in the Indianapolis company fell 3.4 percent, to $3.99, following the news. Same-store sales, or sales at stores open at least a year, is a key indicator of retailer performance since it measures growth at existing stores rather than newly opened ones.
Lamar buys Hoosier Outdoor billboard firm
Hoosier Outdoor Advertising Corp., a Bloomington-based billboard company operating primarily in southern Indiana, has been acquired by Lamar Outdoor Advertising, a unit of Lamar Advertising Co. of Baton Rouge, La. Some Hoosier Outdoor workers no longer are with the company following the Feb. 21 deal, according to The Herald-Times of Bloomington. The company would not provide details to the newspaper.
Decision near on future of new in-state flights
New flights linking South Bend and Evansville to Indianapolis are catching on with passengers, but their future remains up in the air. The airports must decide by the end of March whether to keep the planes flying past May, and they want to see continued growth before making that call. The South Bend and Evansville airports have had to dip into a pool of grant money to subsidize most of the flights, but airport officials say they expected to do this as they built their business.
Senate approves music advertising bill
Musical performances featuring impostors who were never involved with the original groups would be prohibited under a bill headed to Indiana Gov. Mitch Daniels' desk. Under the bill, at least one member of a performing act must have been part of the recording group and have the legal right to use the name. One advocate for the bill was Jon "Bowzer" Bauman, who found fame with the '50s revival group Sha Na Na. Bauman visited the Statehouse this month to lobby for the legislation.
Closing empties big Seymour warehouse
A 750,000-square-foot warehouse in Seymour will become vacant this summer after the latest in a string of third-party logistics providers moves out. Germany-based Schenker Logistics has announced it will leave the facility, which distributes computer printers for Lexmark International Inc., an IBM spinoff headquartered in Lexington, Ky. About 80 full-time and 40 temporary workers will lose their jobs, said Jim Plump, executive director of Jackson County Industrial Development Corp.
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Fed says Midwest manufacturing 'stable'
Growth in the Midwest manufacturing sector was stable in January and February, the Federal Reserve Bank of Chicago reported yesterday in its Beige Book report. Manufacturers tied to aircraft, cranes, energy extraction and mining flourished, the Fed said. Overall, the Midwest experienced slow economic growth, with consumer spending slowing but business spending largely unchanged.
Blog: George shooting to bring back F1 in 2009
Tony George's most recent proclamation was a shocker to many motorsports insiders. The Indianapolis Motor Speedway CEO told an audience at yesterday's IU Business Conference that he'd like to bring Formula One back to the Brickyard in time for the facility's centennial celebration. The Speedway marks its 100-year anniversary in 2009. To weigh in, go to IBJ's new sports business blog, The Score.
From IBJ staff - Compiled by Norm Heikens
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Missing kids have Indiana connection
Police are searching for three missing Georgia children who could be in a car with an Indiana license plate. Investigators say Eddie Harrington, who used to live in Indianapolis, took the 1-year-old twins and a 3-year-old from their Columbus, Ga., home almost two days ago. Harrington is believed to be their father. Georgia police have issued a nationwide Amber Alert. Fox 59 will have the latest at 10 p.m.
Problems surface during tornado sirens tests
Marion County Emergency Management workers found some problems with tornado sirens during two countywide tests yesterday. The county is installing a new warning system, but 48 of the new sirens didn't work because they haven't been hooked up to electricity. Marion County Emergency Management Director John Ball says that shouldn't prevent people from hearing warnings because the sirens have overlapping sound coverage.
Fundraiser held for Coburn Place
Former Colts offensive lineman Tarik Glenn spoke at the first Blue Breakfast this morning. The breakfast was held at the Colts complex on 56th Street. The event benefitted the Coburn Place Safe Haven, which helps battered women and their children.
Health insurers frown on imaging boom
Hey, tell us what you really think. Representatives from an Indianapolis health insurer recently dissed doctors for their push to buy imaging equipment to use in their own offices-and bring in more dough for the docs. "Some doctors found their equipment on eBay," representatives from the unnamed insurer told the Center for Studying Health System Change, which promises confidentiality to its respondents. "Those are just cash machines some physicians have put into their practices that shouldn't be in service." The February report from the Washington, D.C., center said health insurers are concerned that doctors are installing outdated, used or inadequate imaging equipment primarily to generate additional revenue. 
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