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 DJIA 13,091.2 +104.4 / S&P 500 1,438.7 +13.4 / NASDAQ 2,549.3 +20.5
 |  |  Tonight: Mostly cloudy, a few showers. Low 46. Tomorrow: Mostly cloudy, some showers. High 67.
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|  Monday, May 19, 2008 |
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Stadium contractor Irish ends operations
The Frank E. Irish Co., a large Indianapolis mechanical-contracting firm that's been working on Lucas Oil Stadium, has ceased operations, according to company President John T. Irish. Irish said the company is striving to find alternative financing in the wake of current lender National City Bank's move on Friday to cut off access to its offices. He said company leaders had been downtown trying to line up other financing when they returned to find themselves locked out of the office. 
NFL owners poised to pick 2012 Super Bowl site
The owners of the 32 National Football League teams began gathering in Atlanta today for three days of meetings, which will include a vote tomorrow selecting the site of the 2012 Super Bowl. Indianapolis, league sources say, is the frontrunner. Houston and Phoenix also are competing to host the big game.
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|  | Elwood plastic plant to close, idling 286 workers
Plastech Engineered Products Inc. will close its Elwood manufacturing plant in mid-July, idling the plastic injection-molding plant's 286 workers. A letter Plastech released late last week said the plant would close on July 13 or within 14 days after that date. The Dearborn, Mich.-based company sought bankruptcy protection in February.
Clarian, Bloomington Hospital vote scheduled
The governing body for Bloomington Hospital is scheduled to vote June 16 on a partnership between that hospital and Clarian Health Partners, according to The Times-Mail of Bedford. A partnership with Clarian would help Bloomington Hospital in its plans to develop a nearby site, which could include outpatient centers and a replacement facility for its current one on West Second Street. Clarian would hold 51 percent of seats on Bloomington Hospital's board.
IU, Purdue to collaborate on life sciences
Indiana University and Purdue University are drafting plans to collaborate on life science research aimed at turning Indiana into a research powerhouse. IU President Michael McRobbie said Friday that the two schools would submit a joint proposal to state lawmakers later this year for an extensive research collaboration between the schools. He and Purdue president France Cordova said they hope their proposal is accepted and can lead to significant advances in medical devices, medical diagnostic tools and other research that falls under the broad umbrella of life sciences.
Strike hurt state job numbers in April
The strike at Detroit-based American Axle and Manufacturing Holdings Inc. was a drag on Indiana employment in April, according to the Indiana Department of Workforce Development. Overall employment of 2.98 million was down 3,100 from March but up slightly from a year earlier, the agency reported late last week. Also, the seasonally adjusted unemployment rate fell to 4.7 percent from 5.1 percent in March, as construction workers returned to jobs on roads and commercial projects.
Purdue spending more to promote image
Purdue University might spend nearly $5 million this fiscal year on public relations, marketing and promotional activities, nearly double the $2.6 million the school budgeted in the 1997-'98 year, reports The Journal & Courier of Lafayette. The number of employees in Purdue's promotion department grew 34 percent, to 67, at a time employment across the university increased 21 percent, to 15,304.
Analysts affirm 'outperform' rating for Conseco
Two analysts reiterated their "outperform" ratings for Conseco Inc. on Friday, saying that despite weaker-than-expected first-quarter results the insurer is poised to improve operations. Friedman Billings Ramsey & Co. analyst Randy Binner said in a research note, "The gradual turnaround of this distressed company is progressing and that negative market reactions to (the first quarter) earnings were overdone." | | | |
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Windmills might power Indiana steel mill
ArcelorMittal USA is studying the possibility of using windmills to power its Indiana Harbor plant, reports The Post-Tribune of Merrillville. The steel manufacturer has installed devices to collect data on wind direction, speed and strength. Luxembourg-based ArcelorMittal operates the largest wind farm on the Great Lakes at a plant in New York. Each windmill costs $4.2 million and generates 2.5 megawatts of electricity, which is enough to power more than 720 average homes for a year.
Eastern Indiana man taps into oil
An eastern Indiana man is capitalizing on high crude oil prices with a backyard oil well that produces three barrels of crude a day. Greg Losh told WISH-TV in Indianapolis that the oil his well produces comes from the Trenton oil field that fueled the growth of east-central Indiana cities more than a century ago. He said it costs about $100,000 to drill an oil well, but that at today's oil prices, it's worth it. |  | | | |
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You-review-it Monday
Thoughts from the Broad Ripple Arts Fair. Lou Harry's A&E
The next housing challenge
A huge housing problem is going largely unnoticed. NewsTalk
Indy 500 drivers storming N.Y.
Race qualifiers hope for New York media attention. The Score
From IBJ staff - Compiled by Norm Heikens
Family killed in Mother's Day fire to be buried
Friends and family will say goodbye today to a mother and her three children who died in a Mother's Day house fire. Funerals for Natasha Drake and the children, Camry, Lanesha, and Elijah, will be held early this afternoon at Missionary Baptist Church. All four died from injuries suffered in the May 11 blaze, which investigators believe was caused by a candle. Fox 59 News will have more at 10 p.m.
Overnight theft leads to police chase
Police are investigating an overnight theft that led to a chase lasting nearly 30 minutes. The incident began at a Comfort Inn near the University of Indianapolis, where police spotted two men breaking into a truck in the hotel parking lot. The chase ended with the car crashing through a fence and the men taking off on foot. Officers used police dogs to apprehend the suspects. Police say the men were looking for tools and construction equipment.
Indiana soldier dies from injuries suffered in Iraq
A soldier from Nappannee has died of injuries suffered in a January roadside bomb explosion in Baghdad. Staff Sgt. James P. Snyder, 48, died May 10 at Fort Benning, Ga., where he was recovering. Snyder was serving his third tour of duty in Iraq. He also served in the first Gulf War and had 21 months left before his retirement. Snyder is survived by a wife and three teenage children.
Transplant trailblazer
Clarian Health has become a powerhouse in organ transplants, but some question its zeal.
Big plan in store for mall
Florida-based DeBartolo Development has reached a preliminary agreement to buy Plainfield's Metropolis mall out of foreclosure and hopes to hook Macy's and Bass Pro Shops to anchor a second phase.
Low-budget express?
Test run of commuter rail could be relatively cheap.
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