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 DJIA 12,951.5 -69.8 / S&P 500 1,411.1 -7.1 / NASDAQ 2,476.5 -6.8
 |  |  Tonight: Rain and storms, heavy. High 58. Tomorrow: Rain continues, cooler. High 65.
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|  Wednesday, May 7, 2008 |
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Schellinger not conceding defeat
Democratic candidate for governor Jim Schellinger said late today that results from yesterday's election are too close to call, and that he isn't conceding defeat. In other election news, Hoosiers, who barely nodded to Hillary Clinton over Barack Obama in yesterday's Democratic presidential primary election, said in exit polls that their greatest concern was the economy. Indiana's controversial new photo ID law appeared to cause few problems as voters chose Democrat Andre Carson to confront Republican Jon Elrod in the 7th Congressional District once held by Julia Carson. Republican U.S. Rep. Dan Burton turned back a challenge from John McGoff, and veteran Indiana state senators Luke Kenley and Teresa Lubbers survived their own primary battles. For more election coverage, click here.
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Lab test service to add 125 jobs in Indianapolis
DCL Medical Laboratories will add 125 jobs at its Indianapolis offices, the company announced today. DCL, which provides clinical laboratory test services to makers of drugs and medical devices, will invest more than $4.7 million and add more than 20,000 square feet of commercial laboratory space in its expansion. The company now employs more than 150 people in Indianapolis. 
Brightpoint shares rise after earnings report
Shares of Plainfield-based Brightpoint Inc. increased 3 percent, to $9.76, this morning after sliding nearly 5 percent earlier in the day. The gyrations came after the cell phone distributor announced late yesterday that it eked out 1 cent per share of profit in the first quarter. The earnings were a yawning gap from the 12 cents expected by analysts surveyed by Thomson Financial.
Oil prices run Calumet bottom line into red
Calumet Specialty Products Partners LP late yesterday reported a $3.4 million loss in its first quarter after having posted a $28.2 million profit a year earlier. The Indianapolis company, which processes crude oil into lubricating oils, solvents and other products, blamed the result on skyrocketing oil prices. The stock traded above $50 last year, but the company has struggled with high oil prices and cost overruns on an expansion of a Louisiana refinery.
St. Francis might be kicked out of Sagamore
In a story rich with irony, Cigna HealthCare is threatening to kick the St. Francis hospital chain out of Sagamore Health Network, the very managed care network that Cigna bought last year from St. Francis and other hospital groups. The dispute comes after health insurance giant Cigna and Sagamore failed to negotiate a new reimbursement contract with St. Francis. St. Francis announced yesterday that Cigna and Sagamore have notified St. Francis that its hospitals no longer will be part of the Sagamore network as of June 15.
FinishMaster profit rises, but economy taking toll
FinishMaster Inc. posted first-quarter profit of $6.3 million, nearly double the $3.2 million of a year earlier, the Indianapolis company announced late yesterday. FinishMaster attributed the upswing to a settlement from a lawsuit and a one-time prior-year charge. FinishMaster, which distributes automotive paints, coatings and other accessories to the collision-repair industry, also said tough economic conditions have lessened demand for automotive paint and accessories. | | | |
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Go *$%#&@ Speed Racer!
Some language in Speed Racer is unnecessary. Lou Harry's A&E
Economy jitters won't go away
Are voters upset with anyone over the economy? NewsTalk
Paul Tracy awaits Indy 500 ride
An effort to to put Tracy on the track looks grim. The Score
From IBJ staff - Compiled by Norm Heikens
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Thompson edges Schellinger for nomination
The race went late into the night, but it will be Jill Long Thompson facing off against Republican Gov. Mitch Daniels in November. According to unofficial results tallied by The Associated Press, Thompson had fewer than 6,000 votes more than Schellinger, with 99 percent of the vote recorded. Thompson heads into November's race at a financial disadvantage against the well-funded Daniels because he had no primary opponent. Thompson said her background in economic development was a key factor in her win. Schellinger officials say they are not conceding the race and will evaluate matters later today. Fox 59 will have the latest tonight at 10 p.m.
Woman to plead guilty in daughter's death
Charity Bailey, the mother of Tajanay Bailey, is expected to appear in a pretrial conference this afternoon and plead guilty to neglect of a dependent in connection with the November death of 3-year-old Tajanay. Officials say Bailey and her fiance, Lawrence Green, repeatedly abused the girl. Charity Bailey avoided a murder charge after agreeing to testify against Green.
Local community takes a stand against violence
The Coalition of Northeastside Neighborhoods held a rally this morning to discuss strategies to curb a recent rash of violence, after Indianapolis metro police were called to investigate three homicides within a two-mile radius Monday. Community leaders, church pastors, business owners and students will be on hand today to ask for peace in the streets.
Duke, CBRE Realty Trust form $800M joint venture
Duke Realty Corp. and CB Richard Ellis Realty Trust have formed a joint venture that will buy from Duke up to $800 million of developed industrial buildings over the next three years. The agreement calls for the joint venture to buy six properties this year. The properties span 5.2 million square feet and are valued at $250 million. The locations of the projects could not immediately be identified. Properties will be acquired by the venture once leasing begins on the completed buildings. Duke will be paid fees related to construction, management and leasing of the properties. "This venture will allow Duke to retain an interest in key bulk industrial build-to-suit projects, recycle a significant amount of capital, and strengthen its private capital track record with the ultimate goal of launching additional funds," Duke CEO Denny Oklak said in a statement. 
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