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 DJIA 12,954.6 +122.6 / S&P 500 1,415.9 +12.9 / NASDAQ 2,520.2 +25.1
 |  |  Tonight: Stray showers, cool. Low 50. Tomorrow: Afternoon showers, cool. High 60.
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|  Wednesday, May 14, 2008 |
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Lilly springing 8,400 workers for cleanup detail
Two of three local Eli Lilly and Co. employees plan to fan out across the Indianapolis area tomorrow to help with cleanup and fix-up projects. The Indianapolis pharmaceutical maker's first Global Day of Service will involve 8,400 workers delving into projects that include planting trees, clearing weeds from parks and framing Habitat for Humanity houses. Working in morning and afternoon shifts, the employees will take on about 60 projects. 
McKinneys give $200,000 to environmental group
The Hoosier Environmental Council, through its affiliated foundation, said today that it had received the largest grant in its 25-year history. The McKinney Family Foundation donated $200,000 to support renewable energy, sustainable agriculture and transportation alternatives at the state and local level. The foundation, chaired by former First Indiana Bank CEO Bob McKinney, also said it would match any donations given to the council in the next two years.
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|  | Home sales slide in April, but inventory shrinks
Indianapolis-area home sales slipped in April, and the average price continued falling. Pending sales of houses in the nine-county Indianapolis area fell 14.1 percent from a year earlier, according to the Indianapolis brokerage F.C. Tucker Co. Inc. The average sale price of $139,629 was down 5.4 percent. But the inventory of houses on the market shrank, offering hope that the downturn might be slowing.
Slower growth cools Noble Roman's profit
Noble Roman's Inc. reported $321,431 in profit in the first quarter, less than half the $703,003 it earned a year earlier. The Indianapolis restaurant chain said the decline was caused by slowing growth in co-brand franchises. Under an initiative announced in November, Noble Roman's is screening potential franchisees more carefully, training franchisees longer, involving franchisees more directly in construction and marketing, and tracking their performance more closely. Noble Roman's pointed out that royalties and fees from existing franchisees climbed to $1.7 million from $1.5 million in the same period last year.
Shelbyville OKs development district
The Shelbyville Redevelopment Commission has approved creating a tax- increment-financing district near the Indiana Downs racino, according to The Shelbyville News. About 80 residents showed up at a Monday night vote to voice opposition to the district, which would use taxes collected in the area to fund infrastructure improvements rather than going toward schools, libraries and fire districts. Shelbyville's newest TIF district is near the horse-racing track at the Fairland exit on Interstate 74.
Pfizer shutdown to clobber United Way
United Way of the Wabash Valley will lose its largest contributor when Pfizer Inc. shuts down its Terre Haute operation next year, reports The Tribune-Star. When that happens, the remaining 140 workers will be out of a job. Pfizer gave $360,000 to the United Way in last year's drive, nearly 20 percent of the fund's total annual contributions.
Hill-Rom, Hillenbrand report first separate results
Hill-Rom Holdings, the hospital bed maker that was part of Batesville-based Hillenbrand Industries Inc. until the company was broken into two separate companies in March, reported today that its profit climbed in the first quarter. However, the other company, casket maker Hillenbrand Inc., reported less profit. Still, shares of both companies climbed.
Cummins CEO says firm poised for growth
Cummins Inc.'s chief executive said yesterday that despite tough economic conditions, the diesel engine maker is poised for growth over the next several years. CEO Tim Solso told shareholders at the company's annual meeting that Cummins managed to increase its share in key U.S. markets over the past year, while its international presence also continued to strengthen.
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Lilly stock stagnation: 11 years and counting
Eli Lilly and Co. has been essentially treading water now for nearly 11 years. The local pharmaceutical company's stock closed yesterday at a low not seen since June 5, 1997. Lilly shares dropped 74 cents apiece to close at $47.55. The last time Lilly shares closed lower, it still had patent protection on its antidepressant Prozac and the chief of its corporate strategy was a guy named Mitch Daniels.
The 'Times': Nothing in Indy
We didn't make the Times' Summer Stages preview. Lou Harry's A&E
Gas edges past $4
Gas is $4 in northern Indiana. Is Indianapolis next? NewsTalk
Naptown Roller Girls seek perfect attendance
Local team's rabid fan following baffles sports marketers. The Score
From IBJ staff - Compiled by Norm Heikens
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Ball State student attacked, calls it 'hate crime'
Ball State University student Kyle Flood, 21, says he was attacked because he is gay, and considers the attack a hate crime. Flood, an Indianapolis native, and four friends were leaving a Muncie bar Friday morning when they were approached by two college-aged men who began cursing and referring to their sexuality. A scuffle ensued and Flood suffered cuts and bruises. Ball State police say attacks on gay students are rare. There have been no arrests in the case. FOX 59 will have the latest tonight at 10 p.m.
Mother's Day fire claims third victim
Wishard Hospital officials say Natasha Drake, the mother of two children who died in a Mother's Day fire northeast of downtown, also has died from injuries sustained in the fire. The blaze in the 3600 block of North Hillside Avenue killed LeNesha Drake, 7, and Camary Drake, 10. A third child remains at Riley Hospital. Investigators believe an unattended candle caused the fire.
BMV unveils interactive Web tool
The Indiana Bureau of Motor Vehicles today plans to roll out a Web site that will allow access to 10 different BMV services. Previously, the only BMV transaction offered online was license plate renewal. The site is www.in.gov/bmv/.
Hagerman turns 100; gets contract to remodel IHS
The Hagerman Group got a nice birthday present recently when it was selected to serve as construction manager for the Indiana Historical Society's remodeling project. Founded in 1908, the fourth-generation, family-owned company turns 100 years old this year. Based in Indianapolis, Hagerman has another office in Fort Wayne. The key to longevity is the ability to adjust to changes in the economy and construction market, combined with a commitment to clients, company president Jeff Hagerman said. 
What do you think is the most important characteristic a leader should have? 
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