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 DJIA 12,844.5 -183.7 / S&P 500 1,413.3 -13.4 / NASDAQ 2,486.8 -29.3
 |  |  Tonight: Chance of a showers. Low 44. Tomorrow: Partly cloudy, cool. High 65.
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|  Tuesday, May 20, 2008 |
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NFL owners lobby in advance of big vote
The streets of Atlanta's Buckhead district were quiet late last night, but the atmosphere inside the Ritz-Carlton was like a New Year's Eve party. The 32 NFL team owners met and mingled mostly behind closed doors, but the entourages spilled into the lobby and bar area as officials from Indianapolis, Houston and Phoenix made their final lobbying efforts to land the Super Bowl in 2012. Owners are expected to pick the winning city this afternoon. 
Blog: Fashion Mall, Brownsburg mall news
Simon Property Group continues to pitch upscale retailers on an expansion of the Fashion Mall at Keystone, although the Indianapolis developer has scaled back the project. Separately, two local developers are pitching retailers on a proposed 700,000-square-foot power center in Brownsburg. The massive project seeks to capitalize on the newly constructed Ronald Reagan Parkway. Read more at IBJ's real estate blog, Property Lines.
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|  | International Truck to lay off hundreds
International Truck and Engine Corp. plans to temporarily lay off hundreds of workers next week at its east-side engine plant, citing slumping demand for Ford trucks. "It's all driven by Ford demand, or lack thereof," said Roy Wiley, spokesman for the Warrenville, Ill.-based engine maker. "High diesel fuel prices, the housing market - you name it." Laid-off workers will return the week of June 23, prior to a regularly scheduled three-week summer shutdown that starts June 30.
Conseco shareholder mulls doubling stake
New York-based Steel Partners II said in a Securities and Exchange Commission filing yesterday that it is considering escalating its stake in Conseco Inc. from 10 percent to 22 percent. Steel Partners also said Conseco directors have been "slow" to implement a strategic review launched in March. "Return on equity of Conseco Insurance Group is inadequate and needs to be improved as quickly as possible," Steel Partners said in the filing.
Browning planning 4-star hotel in Evansville
Browning Investments, the Indianapolis developer whose projects include the NCAA headquarters downtown, is considering building a four-star hotel in downtown Evansville near the Aztar Casino and a possible new arena pushed by some Evansville boosters. Browning said a new arena and other attractions would lure convention traffic, and that Evansville has too little in the way of modern hotels that corporate travelers want, according to the Evansville Courier & Press. Evansville officials are studying whether to replace Roberts Municipal Stadium, which hosts concerts and other events. A consulting group has suggested a 10,000-seat venue costing about $92 million.
Lilly Foundation gives to China, Myanmar relief
Lilly Foundation, the charitable arm of Eli Lilly and Co., announced today that it is giving $1.1 million to relief organizations working in China and Myanmar, both of which were hit by natural disasters this month. The gift announcement comes the day after the foundation revealed a $1 million gift to provide mental health services to veterans returning from Iraq and Afghanistan.
Fitch affirms ratings, outlook on Wellpoint
Fitch Ratings affirmed its negative outlook on health insurer WellPoint Inc. yesterday following lackluster first-quarter results and weaker 2008 expectations. Fitch also affirmed its investment-grade ratings. "Primary drivers of weaker operating performance in 2008 include higher-than-expected medical cost trends, lower-than-expected fully insured enrollment, and the effects of weakening economic conditions," Fitch said. | | | |
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Contract buyouts could cost Zimmer $250M
Warsaw-based Zimmer Holdings Inc. might pay as much as $250 million to terminate royalty contracts it has with hundreds of health care consultants, reports The Journal Gazette of Fort Wayne. The change follows a settlement reached last year with federal authorities who said several orthopedic companies paid surgeons excessive amounts to be consultants or to use their products exclusively. Zimmer paid nearly $170 million to settle the charges but admitted to no wrongdoing.
3 groups appeal state permit for BP oil refinery
Three environmental groups are trying to stop BP from continuing its expansion of an oil refinery along Lake Michigan, contending in an appeal to the state yesterday that an air permit granted to the company was improperly granted. The Natural Resources Defense Council filed the appeal with the Indiana Office of Environmental Adjudication on behalf of the Save the Dunes Council, the Sierra Club's Hoosier chapter, the Hoosier Environmental Council and two Lake County residents. The groups argue that the state Department of Environmental Management made numerous factual and legal errors in granting the permit.
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Arts and depression
Do artistic greatness and depression go hand-in-hand? Lou Harry's A&E
Indianapolis, cold in winter?
Indy's bowl package shows lots of green grass and trees. NewsTalk
Anti-Indy sentiment in the wind
Atlanta sports writer says Indiana shouldn't host Super Bowl. The Score
From IBJ staff - Compiled by Norm Heikens
Couple faces charges in infant death
An Indianapolis couple appeared in court this morning for an initial hearing in the March death of their 7-month-old daughter. Kathryn Turner and William Reed face felony neglect charges in the death of Kimberly Faith Reed. Police say the baby had alcohol in her system when she rolled off a bed and suffocated on a plastic bag. Turner and Reed are being held at the Marion County Jail on $100,000 bond. Fox 59 will have more at 10 p.m.
Memorial service for an Indiana soldier
A memorial service was held this morning in Evansville for an Indiana soldier killed in Iraq. Sgt. Joseph Ford, 23, died in a vehicle accident on May 10 while serving with the Indiana National Guard's 76th Brigade.
Indy 500 T-shirts available today
Official Indy 500 starting lineup T-shirts are hot off the presses this morning. Locally based Maingate Inc. pulled an all-nighter to deliver the first batch this morning. More than 100 shops around the Speedway will be selling the shirts.
Koala exhibit opens this summer
Two new furry friends are creating excitement at the Indianapolis Zoo. Queensland koalas, native to Australia and on loan from the San Diego Zoo, are bringing a bit of "down under" to central Indiana. The exhibit runs from May 24 through Sept. 1.
City becoming music magnet
City and civic leaders want to make Indianapolis a hotspot for not-for-profit music groups.
Fever pitch
Indiana Pacers executives are turning up an effort to make the Indiana Fever women's basketball team profitable.
Symphony Bank results keep hitting sour notes
Nearly three years after its launch, Symphony Bank is striving to turn its first profit.
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