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 DJIA 12,471.9 -7.7 / S&P 500 1,376.4 +0.4 / NASDAQ 2,455.2 +10.5
 |  |  Tonight: Scattered clouds, cooler Low 47. Tomorrow: Some sun and mild. High 67.
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|  Tuesday, May 27, 2008 |
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Duke gets rare analyst downgrade
Shares in Duke Realty Corp. slipped just 5 cents, to $25.45, this morning after a Credit Suisse analyst downgraded the stock to "underperform" from "neutral." Analyst Steve Benyik said the Indianapolis real estate investment trust faces "significant challenges" to lease its rental buildings. Duke also will struggle to contain general and administrative costs as development activity slows along with the economy, Benyik said. Other analysts recently upgraded Duke stock, which isn't accustomed to downgrades. 
IU to create new 10-year technology plan
As Indiana University's 10-year technology plan comes to an end, the school is preparing to launch another plan for the next decade. Brad Wheeler, IU's vice president for information technology, will lead a 140-member team to develop the next technology plan by the end of the year, according to The Herald-Times in Bloomington. IU President Michael McRobbie started the university's first plan in 1998 when he served as vice president for information technology. All of that plan's 10 general recommendations and 68 specific action items have been implemented.
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|  | Analyst upgrades WellPoint stock
A BMO Capital Markets analyst says health insurer WellPoint Inc. is making major changes that will allow the company to report larger-than-expected profits. Based on the changes, he upgraded the stock to "Outperform" from "Market Perform." Analyst Dave Shove said the Indianapolis-based health insurer is working to deal with the claims-processing problems that caused it to lower its forecasts in the first quarter.
Ratio snags Evansville Museum contract
Indianapolis-based Ratio Architects, which designed the Indiana State Museum, will work with the Evansville firm VPS Architecture on a $12 million expansion and remodeling of the century-old Evansville Museum. The museum will gain a new planetarium and theater under plans announced today. The project will add 9,000 square feet to the 55,000-square-foot building, and include new exhibit space for science and history, an expanded and renamed Rivertown USA exhibit and climate-controlled storage.
Vectren scratches plan for Gibson power plant
Vectren Corp. has canceled plans to build a natural gas-fired power plant in Gibson County, near a Toyota Motor Corp. factory. Evansville-based Vectren says it instead will buy electricity from San Diego-based Sempra Energy. Vectren is looking for more electricity because a contract that enabled it to buy 100 megawatts from a Vermillion County plant expires next year.
Fort Wayne-area stroke network proposed
Two Fort Wayne hospitals and a neurology center are launching a network to care for stroke victims, hoping to include as many as 30 facilities within 90 miles of the city. Parkview Health and Lutheran Health Network created the network with Fort Wayne Neurological Center, according to Greater Fort Wayne Business Weekly. Called StrokeCareNow, the network plans to offer stroke victims the speedy care critical to helping them recover.
Museum plans $5.5 million expansion
The Fort Wayne Museum of Art will undergo a $7.5 million expansion of its facility and collection in an attempt to help turn it into one of the nation's top exhibit spaces for American art. Museum executive director Charles A. Shepard III said Friday he hopes workers can break ground later this year on the 10,000-square-foot addition.
Fifth governor to sign Great Lakes compact
Wisconsin Gov. Jim Doyle will sign an interstate treaty today that would prevent arid states from drawing water from the Great Lakes. Wisconsin will become the fifth state to ratify the Great Lakes Compact when Doyle approves it during ceremonies in Milwaukee and Green Bay along the Lake Michigan shoreline. Indiana Gov. Mitch Daniels signed the agreement in February.
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Debate over illegal immigration far from over
Property tax relief wasn't the only weighty issue state lawmakers tackled last session, but it is one they ultimately resolved. However, Republicans and Democrats failed to reach a compromise on the other big topic, illegal immigration. Now a bipartisan interim committee of lawmakers plans to study the issue.
500 winners: Florence, Jim and us
The 500 keeps dancing with the ones it came with. Lou Harry's A&E
Analyzing Speedway's success
Speedway is an island of stability in Marion County. NewsTalk
State drops canal development
A site along the Central Canal won't be developed for now. Property Lines
Bottle of milk still all the rage at Speedway
SI ranks Indy winner's drink as the coolest sports prize. The Score
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| From IBJ staff - Compiled by Norm Heikens
Accelerate I-465 project postponed for one night
The Accelerate I-465 reconstruction project on the west side is now set to start at 9 p.m. Rain on Friday postponed some of the paving that needed to be done before the project can begin. The I-465 southbound ramp to westbound Rockville Road will close for one night. All other ramps connecting I-465 southbound with Rockville Road will close for 15 days. The West 56th Street ramp leading to I-465 will close for about one month starting Thursday morning so workers can reconstruct it. Fox 59 will have more at 10 p.m.
Fire sweeps through apartment complex
A fire spread through a southwest side apartment complex early this morning. Ten double-units at Troy Manor Apartments, 4523 W. Troy Ave., were damaged by smoke or fire. Good Samaritans Rickey Vanover and Jake Hood saw the fire and alerted their neighbors, helping them to get out. As a result, no residents were hurt. One firefighter was treated for heat exhaustion. The Red Cross is helping people who lived in the units get resources they need.
Students dedicate headstone
This morning IPS classmates dedicated a new headstone in memory of Demonte Norton. Norton was 10 years old and living as a foster child last September when he was killed along with his foster mother and foster brother. To raise funds for the headstone, classmates honored their friend by holding a "Dance for Demonte." The dedication was held at Crown Hill Cemetery.
We got game-what's next?
Civic leaders say hosting the 2012 Super Bowl could require 10 times the personnel it takes to pull off a Final Four.
Not all feel need for 'Speed Zone'
Some Speedway residents think a redevelopment plan to transform the small town into a year-round racing-themed destination goes too far.
Rebirth in works for mall
Lafayette Square Mall could look a lot like the revitalized Glendale Town Center in a few years if the mall's new owners get their way.
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