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 DJIA 11,346.6 -3.4 / S&P 500 1,279.8 -0.2 / NASDAQ 2,292.5 -0.4
 |  |  Tonight: Clear, comfortable. Low 60. Tomorrow: Breezy and warmer. High 86.
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|  Tuesday, July 1, 2008 |
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Bowen might move to Indy, create 138 jobs
Bowen Engineering Corp. is considering moving from Fishers to Indianapolis as part of an expansion that would more than double the size of the company over seven years. The industrial contractor plans to add 138 jobs to its existing roster of 103 headquarters employees and spend $5 million on computer and telecommunications equipment. A request for a property tax abatement of $290,000 goes before the Metropolitan Development Commission tomorrow. 
Key workers moving to a few places, study says
People increasingly will abandon rural areas in Indiana and settle in a few suburban counties, a new Indiana University study predicts. The study also says that by 2040, retirees will outnumber people ages 25 to 54 - workers who are critical for building economies. The study was published recently in Indiana Business Review, an organ of the Indiana Business Research Center. The center is an arm of IU's Kelley School of Business. |  | | | |
|  | ExactTarget board adds heavyweights
ExactTarget, the local maker of e-mail marketing software, has attracted a pair of heavyweights to its board of directors. This morning the company announced the addition of CareerBuilder.com CEO Matthew Ferguson and venture capitalist Timothy Maudlin. Their expertise should boost fast-growing ExactTarget's attempt at an initial public offering. In December the company filed paperwork with the Securities and Exchange Commission to stage an $86 million IPO.
Chemtura opts to stay independent
Chemtura Corp., the company resulting from Crompton Corp.'s 2005 acquisition of Great Lakes Chemical Corp., plans to remain independent. The Middlebury, Conn.-based chemical maker announced last week that a review by Wall Street firm Merrill Lynch & Co. concluded a sale would bring too low of a price. Chemtura said it also considered a merger and other combinations involving the entire company. Crompton paid $1.8 billion for Great Lakes, whose headquarters had been moved to Indianapolis from West Lafayette prior to the deal.
Corydon Group adds health care lobbying arm
A veteran health care lobbyist has been hired by The Corydon Group LLC to expand its lobbying into health care. Louis M. Belch, who will be president of the new division, most recently was a contract lobbyist, and is a former legislative liaison for the Indiana State Medical Association. The downtown firm claims to be the largest independent lobbying firm in the state, with 30 clients served by six professionals.
Lilly agrees to settle discrimination lawsuit
Drug maker Eli Lilly and Co. will pay $64,400 to settle a lawsuit accusing the company of withholding severance pay to force a longtime employee to withdraw a discrimination charge. The company also must spell out in future severance agreements that employees don't have to waive their right to file a charge with the U.S. Equal Employment Opportunity Commission or cooperate in an investigation, according to a statement from the commission. The EEOC accused Lilly of violating federal anti-discrimination law by retaliating against employee Starr E. Johnson after she filed a discrimination charge.
Average TV viewer now over age 50
Network television viewers are aging. Lou Harry's A&E
Impressions of settling lawsuits
What do you think when companies settle suits? NewsTalk
Hill's defection to NBA could benefit IUPUI
School uses success of player as recruiting tool. The Score
From IBJ staff - Compiled by Norm Heikens
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John McCain in Indianapolis today
Presidential hopeful John McCain is visiting Indianapolis today hoping to raise funds and support for his campaign. The Republican senator is trying to win over undecided independents and unhappy conservatives. He spoke to the National Sheriff's Association meeting this morning, then will attend a fundraiser this afternoon. Fox 59 will have more at 10 p.m.
Indy hit with rash of overnight shootings
A string of violence gripped the city last night. Shots were fired near the Madame Walker Theatre while a talent show took place inside. Shawn Woods and Thomas Jones were injured, although it is unknown if their injuries resulted from gunfire or flying debris. Separately, one person died and another was injured during an armed robbery at 1734 Laurel St. The shooter is at large. In a third incident, Mario Gonzalez-Tello was shot dead while trying to stop a robbery on West 38th Street near Moller Road. The 72-year-old victim tried to intervene for a friend who was being robbed at gunpoint.
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| West side apartment fire
A massive apartment fire flared-up again this morning after being initially contained last night. The three-alarm fire happened at International Village Apartments at 6363 Hollister Drive, where 36 units were destroyed. Fire quickly overtook the complex but there were no injuries. Officials hope to move displaced residents into vacant apartments later today. Those needing assistance may visit a Red Cross shelter housed at Speedway United Methodist Church, 5065 W. 16th St.
Angie, AT&T set for sequel
Angie's List is headed into Round 2 of a legal battle with AT&T.
Coming off the bench
Indiana Pacers co-owner Herb Simon says in an IBJ interview that his family is still committed to the franchise.
Community dips toe into social networking
Community Health Network has opened its Web site to allow patients to create their own MySpace-like pages.
Short of having quotas, how can employers ensure a more diverse work force? 
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