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 DJIA 12,774.2 -54.5 / S&P 500 1,412 -1.4 / NASDAQ 2,488.7 -3.6
 |  |  Tonight: Mainly clear and cool. Low 47. Tomorrow: Partly cloudy, milder. High 69.
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|  Wednesday, May 21, 2008 |
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Indy fended off surging Bowl competitors
A surprise boost in the quality of Phoenix's bid for the 2012 Super Bowl nearly up-ended what had been expected to be a reasonably easy catch by Indianapolis at the NFL team owners meeting yesterday. One owner said the appeal of Arizona in February was undeniable. He added that some owners also were taken by improvements in the Arizona bid to correct problems experienced during this year's Super Bowl in the Phoenix suburb of Glendale. Sensing they were trailing Indianapolis, both Phoenix and Houston tossed in last-minute enhancements to their bid packages. 
Library suit defendants settle for $1.3M
Two defendants blamed for errors in the Central Library expansion project have agreed to pay the Indianapolis-Marion County Public Library $1.27 million. Patriot Engineering and Environmental Inc. and The Rosk Group Inc., both locally based, agreed to a settlement May 15 after participating in a series of court-ordered mediations, the library announced this morning. Both firms were involved in construction of the underground parking garage.
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|  | Protestors show up for WellPoint meeting
A depressed stock price and a protest brought a bigger-than-usual crowd of about 80 to WellPoint Inc.'s annual shareholder meeting this morning. Some shareholders were upset about the 30-percent drop in the price of WellPoint stock since March, and protestors advocated for a Medicare-for-all type plan that would significantly undercut WellPoint's business.
Lechleiter puts reorganization stamp on Lilly
In his second month as president of Eli Lilly and Co., John Lechleiter has ordered a reorganization to streamline the Indianapolis pharmaceutical maker. The changes will eliminate management layers and clarify roles and responsibilities in order to speed decision-making, Lechleiter said in a statement. It was not immediately clear the extent to which the changes would cut headcount.
Investor blasts Baldwin & Lyons' strategy
A New York-based investment firm yesterday said that locally based insurer Baldwin & Lyons Inc. is wildly overcapitalized and encouraged the company to use its surplus to pay a large dividend to shareholders. Loeb Partners, which owns 5.4 percent of the trucking insurer's Class B stock, estimated that the company has $22 million in excess capital it could pay out to shareholders. It said Baldwin has underperformed peer companies, a shortcoming it could remedy with better use of its capital.
Former WTHR manager Pegram lands in Florida
Rich Pegram, who suddenly left as general manager of WTHR-TV Channel 13 in November, has joined WFTS-TV in Tampa, Fla., as vice president and general manager. Pegram, 56, was general manager at WTHR for 13 years. His departure came just prior to the crucial November ratings "sweeps," and as the station's main rival, WISH-TV Channel 8, was making gains in the ratings.
Beyond 'Dancing with the Stars'
Has 'Dancing with the Stars' affected you beyond a TV set? Lou Harry's A&E
Bowl reaction from elsewhere
What others think about Indy landing a Super Bowl. NewsTalk
Former foe backs Indy's Super bid
Cowboys owner Jerry Jones was key in Indy's bowl bid. The Score
Site plan sleuthing in Las Vegas
Several new site plans for Indy are circulating in Vegas. Property Lines
From IBJ staff - Compiled by Norm Heikens
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Man killed after being bound with electrical cord
Police are investigating a homicide on the near-north side. Officers early this morning discovered the body of Leugen Masliak, 21, in the middle of the intersection of 31st and California streets, just east of Martin Luther King Jr. Street. His feet were bound with electrical cord and his upper body was riddled with gunshot wounds. Police searched the area with K-9 units, but found no suspects. Fox 59 will have more at 10 p.m.
Veterans visit World War II Memorial
About 150 central Indiana World War II veterans are in Washington, D.C., today to visit the National World War II Memorial. The trip was made possible through the Honor Flight Network and an $80,000 donation from Indianapolis American Veterans Post 99. Many of the veterans are in their 80s and 90s.
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| Race fans have access to drivers, pits today
Indianapolis 500 fans can get autographs from drivers today, which is 500 Festival Community Day. Fans also have access to the historic Gasoline Alley garage area and pit lane. Admission is $5 per person, with children ages 5 and younger admitted for free. The event runs until 6 p.m.
New tenant nearly fills up industrial park
Indianapolis-based Browning Investments Inc. will build a 30,000-square-foot office/warehouse for Markey's Audio Visual in the Keystone Enterprise Park, boosting the park's occupancy to about 90 percent. That's a huge milestone for the 62-acre development, which sits in the blighted Martindale-Brightwood neighborhood, officials with Browning and the city of Indianapolis say. Keystone Enterprise Park, near Interstate 70 and Keystone Avenue, is a city-led venture launched to bring jobs and private investment to the near-northeast side. 
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