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 DJIA 11,319.6 +104.1 / S&P 500 1,270 +8.5 / NASDAQ 2,257.8 +6.4
 |  |  Tonight: Scattered showers, mild. Low 62. Fourth of July: A few showers early, mostly cloudy and cool. High: 76 Saturday and Sunday: Dry with sun. Highs in low 80s.
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|  Thursday, July 3, 2008 |
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Note to readers
IBJ Daily will not be published on July 4 in observance of the Fourth of July holiday.
Are job cuts next for WellPoint?
WellPoint Inc.'s main rival announced yesterday it would slash 4,000 jobs in order to save money as its profits sag. Will other health insurers follow the lead of Minnesota-based UnitedHealth Group? They have few other options to substantially reduce costs, said Les Funtleyder, a health care analyst at Miller Tabak & Co. in New York. Unlike industrial companies, which can shut down a factory or cut back on a shift, the big things health insures can trim are computer systems, marketing expenses or people, he said. 
Cooper Tire to build big warehouse in Franklin
Cooper Tire & Rubber Co., the Findlay, Ohio, tire manufacturer, plans to move a warehouse operation to Franklin from Dayton, Ohio. The 808,500-square-foot building will be located in Franklin Tech Park near Interstate 65, and open in 2011 with 60 workers, according to the Daily Journal of Franklin. Cooper has asked for $275,000 in local tax breaks and $469,000 in state incentives.
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Flood causes $100M in damage for Cummins
The flooding that socked central and southern Indiana on June 7 created more than $100 million in damages to Cummins Inc., the Columbus diesel engine maker. Insurance will cover all costs but the deductible, the company told The Republic of Columbus. Most of the damage was confined to the Technical Center research and development facility.
BorgWarner lays off nearly 200 in Muncie
Some workers at BorgWarner Automotive's plant in Muncie believe a layoff last Friday could signal an early end to the plant, according to The Star Press of Muncie. The Auburn Hills, Mich., company issued the notices to 193 employees - about half the work force - as the annual summer break was about to get underway. BorgWarner announced last summer that the plant would close by April 2009.
Wabash National switching to 4-day work week
Truck trailer maker Wabash National Corp. is switching its production schedule to a four-day work week effective July 21. The change is due to rising gas prices and the number of employees who drive to work from surrounding counties, the Lafayette company said. Company officials said the new work schedule will remain in place as long as it meets demand.
I-69 groundbreaking ceremony invitation-only
Officials are taking steps to prevent protesters from disrupting a groundbreaking ceremony for the first segment of the Interstate 69 extension project. Officials say the invitation-only event will be held the week of July 13, but they are not revealing the date or location. The groundbreaking is being organized by Hoosier Voices for I-69, a group that lobbied for the road's construction.
Gas price protester to plead guilty
A man who was arrested for climbing on the roof of a Valparaiso gas station to sing a song protesting high gasoline prices says he will plead guilty to a trespassing charge. Twenty-nine-year-old Jay Weinberg of Valparaiso is scheduled to appear in a Porter County courtroom today to enter his guilty plea. On May 5, Weinberg carried a guitar and a megaphone to the roof of the Family Express station in Valparaiso, where gas was selling that day for $3.78 per gallon.
Attention shoppers: explicit material
What's worse, adult book stores or supermarkets mags? Lou Harry's A&E
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| Hatchet robber sought in Muncie
Muncie police are searching for a man who carried a hatchet while robbing a victim at an ATM. The holdup was reported late last night outside an Old National Bank branch. Police say the man took $300 from the victim.
Man dead after east-side shooting
A man is dead after an overnight shooting near Walcott and Ohio streets on the east side of Indianapolis. Police say the victim is a man in his 20s. His girlfriend was loading him in a car to drive for help when she flagged down a nearby ambulance, but the man died before police arrived. Witnesses say they heard several shots, but police have no information on a suspect.
Body of Monrovia teen recovered
A Monrovia teenager drowned yesterday during an outing with friends on Lake Monroe near Bloomington. Indiana Conservation Officers say Jacob Snyder, 18, jumped in the lake when a tube blew off the pontoon boat the group had rented. He never re-surfaced. Investigators say Snyder and his friends were not wearing life jackets.
Docs find new reason to growl about Angie's List
When Angie's List launched its health care ratings service in March, doctors, predictably, whined. Patients would grade them on the wrong things, they argued. (As if the MCAT and med school profs were always perfect barometers.) But Dr. Heidi Dunniway, president of the Indianapolis Medical Society, has raised a criticism of Angie's List doctor ratings that seems more than sour grapes: doctors can't fight back. Dunniway argues that because of federal privacy laws, it would be inappropriate for any doctor to offer a response to a patient's comments about the doctor on a public Web site - even one open only to Angie's List subscribers. 
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