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 DJIA 11,863.8 +21.4 / S&P 500 1,321.2 +3.2 / NASDAQ 2,384.8 -1
 |  |  Tonight: Nice, isolated storm late. Low 64. Tomorrow: Scattered storms, warmer. High 86.
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|  Tuesday, June 24, 2008 |
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ATA assets headed toward auction
Bankrupt ATA Airlines aims to land court approval Friday to conduct a massive auction of assets next month in Indianapolis and Chicago. "This will be one of the biggest auction events in Indy this year," states the Web site of Key Auctioneers, the local firm that would conduct the sale. Indianapolis items to be auctioned include 800-plus computers as well as vehicles, office furnishings, supplies, and telephone and computer equipment. But don't look to take home a jet engine for the riding mower. Aircraft won't be part of the sale. 
Lilly shares hit 52-week low after FDA delay
Investors in Eli Lilly and Co. showed displeasure this morning in the decision announced late yesterday that the U.S. Food and Drug Administration will extend its review of Lilly's prasugrel drug by three months. Shares in the Indianapolis pharmaceutical company fell 2 percent, to $46.63 - a 52-week low. The FDA is taking more time, Lilly said, because of "supplemental information" provided to regulators during their review of prasugrel. The agency began a priority review of prasugrel in February.
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|  | Hiring ground to halt in May
Indiana companies cut back hiring in May, but government added to its rosters - resulting in virtually no change in employment, according to new figures from the Indiana Department of Workforce Development. The 2.98 million jobs was a decline of just 1,300 from April, and 1 percent below levels of a year earlier. Slashing headcount the most were construction and manufacturing concerns, followed by business and professional services firms.
GM to cut pickup production at Fort Wayne
General Motors Corp. says it will further cut production of trucks and sport utility vehicles this summer and through the end of the year at several plants, including its pickup truck plant in Fort Wayne. Spokesman Chris Lee says GM will cut shifts, reduce assembly line speeds and temporarily idle seven factories because of declining consumer demand for big vehicles. The Fort Wayne plant, which makes the Chevrolet Silverado and GMC Sierra, will shut down for two weeks in July instead of one.
Simon adds electric scooters for parking security
Shoppers at Simon Property Group malls are accustomed to security guards roaming halls on Segways. Now, Simon is patrolling parking lots with Star Wars-like scooters. The Indianapolis shopping mall giant has taken delivery of 35 of the sleek, sculpted scooters from California-based T3 Motion Inc. and is buying 15 more, according to Simon spokesman Les Morris. An elevated platform on the three-wheel vehicles enables guards to see over SUVs - and helps shoppers spot the guards.
Tobias Theatre events announced
Violin and pipa performances are on tap for a new theater. Lou Harry's A&E
Expert: 75 mph might be safe
Indiana might be justified in raising the speed limit to 75. NewsTalk
Car enthusiasts saving the Suds
Some car collectors have bought The Suds in Greenwood. Property Lines
O'Neal deal: Shot in arm or foot?
The potential Pacers-Raptors trade is full of risk. The Score
From IBJ staff - Compiled by Norm Heikens
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Suspects in shooting of pregnant teller appear in court
Two suspects involved in a robbery in which a pregnant bank teller was shot appeared in court this morning. Brian Kendrick shot bank teller Katherin Shuffield in the abdomen during the April robbery. She lost her twin girls shortly after the shooting. Kendrick faces charges of robbery, attempted murder and feticide. Prosecutors say the second suspect, Aaron Stewart, helped Kendrick but was not inside the east-side bank during the robbery. Stewart faces up to 20 years in prison for conspiracy to commit robbery. Fox 59 will have more at 10 p.m.
I-465 crash sends three to hospital
A fiery crash on the west side this morning shut down traffic on northbound I-465 for hours. The crash happened near mile marker 12, where traffic had begun to slow for construction. Kentucky resident Archie Curry rear-ended Fillmore resident John McNew, causing Curry's vehicle to catch fire. Curry's vehicle rolled north, jack-knifing and striking fuel tanks of a truck driven by Douglas Robinson of Arizona. Robinson's vehicle caught fire and continued to roll north, rear-ending a truck driven by Larry Calvert of Ohio. Curry and his passenger, Janet Curry of Kentucky, were taken to Wishard Hospital and treated for minor injuries. Calvert was treated for minor injuries at Methodist Hospital. An investigation into the cause of the crash is underway.
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| Two men rob Southside Autozone at gunpoint
Two men are in custody, accused of robbing at gun point an AutoZone car parts store at 3827 East Street. Metro police caught the suspects a short time later about three miles away. When the men were arrested, police found an AK-47 rifle, a shotgun, a large screen TV and two large bags of marijuana.
Two firms waging family food fight
Three brothers are squabbling over trade secrets used by their rival local firms, which sell easy-to-swallow food products to nursing homes.
HHGregg tuned into growth
Jerry Throgmartin is pushing appliance and electronics retailer HHGregg to quadruple in size through its philosophy of "price and advice."
United Way tries to make the grade with literacy program
United Way's first foray into education - its Ready to Learn, Ready to Earn initiative - is getting good marks.
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