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 DJIA 11,839.8 -2.9 / S&P 500 1,318.1 +0.2 / NASDAQ 2,393.9 -12.2
 |  |  Tonight: Clear, comfortable. Low 56. Tomorrow: Mostly sunny and pleasant. High 82.
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|  Monday, June 23, 2008 |
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Authorities can't find Premier's White
Local law enforcement officials plan to cast a wider net in their quest to track down and arrest Christopher P. White, the founder of defunct developer Premier Properties USA Inc. The Marion County Prosecutor's Office filed three felony charges against White a week ago. But White hasn't turned himself in, and couldn't be found by law enforcement, including at his Lake Clearwater home. 
Middle-market firms pack punch, study shows
Mid-sized companies are a lot like middle children in a family, a new Indiana Chamber of Commerce study has found. They tend to achieve a lot, but don't get the attention they deserve. The businesses amount to only 3 percent of all businesses in the state, yet generate 30 percent of the jobs and more than 40 percent of the sales, the study found. The Chamber believes it can boost their prospects by spotlighting the enormous role they quietly play in the state's economy. |  | | | |
|  | More than 260 take GM buyout in Indianapolis
More than 260 workers have accepted early retirements or buyouts at General Motors Corp.'s metal-stamping plant. That amounts to 24 percent of the work force at the plant west of downtown, leaving 833 employees. The departures are effective July 1. Some new employees are expected to be hired if auto sales rebound from their slump, a GM spokesman said today.
Analyst cuts Brightpoint estimates, stock falls
An analyst slashed financial estimates on Brightpoint Inc. today, citing sluggish second-quarter sales at some of the wireless device distributor's partners and an expected cooling in the global market. Piper Jaffray analyst T. Michael Walkley cut his 2008 adjusted earnings estimate to 67 cents per share from 83 cents per share. Brightpoint shares fell 2.8 percent, to $7.47, this morning.
Toll Road inspires complaints to state officials
Toll booth lines, high gas prices and even an advertising mascot have drawn the ire of motorists traveling the 157-mile Indiana Toll Road across northern Indiana. Drivers have flooded several state offices with letters, e-mails and calls complaining about the highway, which a Spanish-Australian consortium paid $3.8 billion to operate nearly two years ago. "With the high costs of fuel, people can't readily afford to sit in traffic for an hour or more just to go 1-2 miles to pay a toll," said Ryan Courtney in a letter sent last summer.
Controversial Zimmer knee product selling well
Zimmer Inc. is racking up sales of a knee replacement designed for women despite lingering concern in the medical community that the implant is mostly a sales gimmick. More than 24,000 of the implants have been sold since the launch of Gender Solutions in 2006, according to The Journal Gazette of Fort Wayne. Much of the rising demand is driven by women who have been targeted by Zimmer advertising, the newspaper reported.
Jasper manufacturer rehiring laid-off workers
MasterBrand Cabinets Inc., a cabinet maker in the southern Indiana town of Jasper, has begun rehiring for 260 positions that were eliminated earlier in the year due to slumping sales. The hiring is occurring even though the U.S. Department of Commerce said home construction fell 13.5 percent since the layoffs were announced in December. The company has been producing cabinets in Dubois County since 1954.
Farm Bureau Insurance offering flood gift
Indiana Farm Bureau Insurance said late last week that it plans to pay its policyholders $125 in cash if their personal property was damaged by flooding earlier this month. The gifts are a goodwill gesture, spokesman Rick Nelson said. "Flood insurance is immaterial," Nelson said. "If the have it, we're going to give it to them. If they don't have it, we're going to give it to them."
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Decision nears on renaming Indianapolis airport
A decision is expected to be made next month on whether the name of a World War I aviation hero will be returned to Indianapolis International Airport. Veterans groups and others have pushed for several years to reverse the 1976 decision that took Col. Harvey Weir Cook's name off the airport. The city's Airport Authority board heard last week from three members of the City-County Council, which voted 25-3 this month to support a name change.
You-review-it Monday
What A&E encounters did you have this weekend? Lou Harry's A&E
Do ads make you feel better?
Consumer health advertising is here to stay. NewsTalk
Neighbors appeal CVS approval
The Old Northside doesn't like the design for the new CVS. Property Lines
Indians usher in big crowds over weekend
The AAA team looks to beat last year's attendance. The Score
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| From IBJ staff - Compiled by Norm Heikens
McDonald's robbers put workers in freezer
Police are looking for three men who robbed a McDonald's along East Carmel Drive just after midnight. Police say the suspects forced three employees into the freezer and locked them inside before making off with an undisclosed amount of money. Officers say they tried to interview the employees, but needed an interpreter since they spoke only Spanish. Fox 59 will have more at 10 p.m.
Medical trailers boost waterlogged Columbus hospital
Columbus Regional Hospital is able to take care of patients, two weeks after being devastated by floodwaters. Two, 53-foot trailers are serving as a lifeline to the hospital. The "mobile emergency departments" also were used in the aftermath of Hurricane Katrina. Columbus Regional says it hopes to have its emergency room open in six weeks, and to restore other medical services in three to six months.
City Market unveils $2.5M makeover
The oldest market in Indianapolis has a new look. Downtown's City Market has undergone a $2.5 million renovation. Vendors today will "break bread" to celebrate its grand re-opening. The event kicks off a week-long celebration for the market, which opened in 1821.
Special Report: Executive pay
Last year, more than two-thirds of Indiana public companies saw their share prices decline. Yet many of the executives who lead those firms continued to rake in big pay packages.
Big swim event may land in city
The NCAA is considering staging a huge annual swimming event at IUPUI's Natatorium. But the venue probably would need to undergo more than $12 million in renovations first.
Conseco legal war drags on
Conseco Inc. this month rung up a $29 million judgment against former director James Massey, who took out loans to buy company stock that later became worthless. But Massey, former CEO of Merchants National Bank, is battling back by appealing his case to the Indiana Supreme Court.
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