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 DJIA 11,297.5 +58.2 / S&P 500 1,248.4 +3 / NASDAQ 2,297.5 +2.6
 |  |  Tonight: Clear and warm. Low 71. Tomorrow: Continued hot and dry. High 93.
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|  Thursday, July 17, 2008 |
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RV maker to close plants, cut 1,400 workers
Monaco Coach Corp. today said it will shut down its recreational vehicle service and manufacturing operations in the northern Indiana towns of Elkhart, Nappannee and Wakarusa. About 1,400 workers will be wiped out as a result, the company said. Industry shipments of big motorhomes like the ones Monaco builds declined by nearly a third last year from 2004 levels, and high fuel prices, declining consumer confidence and stressed consumer credit markets are causing market conditions to continue deteriorating, the company said. 
Airport forecasts fewer passengers
Airline woes will crimp the number of passengers expected to use Indianapolis International Airport next year, the airport authority projects in a 2009 budget the board will consider at its meeting tomorrow. About 4.1 million passengers are expected to pass through boarding gates - 6 percent fewer than previously forecast for 2009 but similar to last year's level. A memo to board members from the airport finance department said the curtailed forecast was prompted "...as more airline announcements of capacity cuts have continued to be made over the last few weeks."
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|  | Proton center may have 'turned a corner'
The Midwest Proton Radiotherapy Institute, which has been a money-loser since opening in 2004, expects to turn a $1.5 million profit in the coming fiscal year, according to The Herald-Times of Bloomington. The Bloomington center, co-owned by Clarian Health and Indiana University, is attracting more patients and trying to get better reimbursement from the federal Medicare program.
Empty seats plague in-state commuter flights
Cape Air plans to end commuter flights between South Bend and Indianapolis just eight months after they began, and flights between Evansville and Indianapolis are under a cloud, too. The Massachusetts company will stop flying from South Bend in September because St. Joseph County Airport is cutting off a subsidy, according to the Evansville Courier & Press. The flights, which must be 70-percent full in order for Cape Air to make a profit, have peaked at 40-percent full.
New York publisher to lead Indianapolis Star
Virginia-based Gannett Co. Inc. yesterday named Michael G. Kane to replace outgoing Indianapolis Star publisher Barbara Henry. Henry, 55, retired suddenly on June 27; her departure is effective Aug. 1. Kane was publisher of the Rochester Democrat and Chronicle in New York and regional vice president of the company's East Publishing Group.
Cummins division expands South Carolina plant
Diesel engine maker Cummins Inc. said its Cummins Turbo Technologies unit will expand its facility in Charleston County, S.C., adding 100 new jobs to the area. A release by the state Department of Commerce on Tuesday said the $11 million investment includes the addition of assembly and machining capacity. The company opened the plant in July 2006.
Flood-prone Midwest towns consider buyouts
After the Great Flood of 1993, thousands of properties in flood plains around the Midwest were bought out by the government. Now, weeks after the latest massive flood, buyouts are again being considered in at least five states - Indiana, Illinois, Iowa, Missouri and Wisconsin. Indiana's Department of Homeland Security said Columbus, Martinsville and Franklin as well as six counties have expressed interest in the buyout program. Residents in areas that qualify can choose to sell their properties to their city or county, with 75 percent of the costs paid by the Federal Emergency Management Agency.
Emmy nominees announced
Are the Emmy winners truly the best of the best? Lou Harry's A&E
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Scrub named 400 grand marshall
Actor McGinley will be the Allstate 400 grand marshall. The Score
From IBJ staff - Compiled by Norm Heikens
Man bound, shot on near north side
A man was found dead this morning near East 22nd Street and North College Avenue. Police say that his hands were bound behind his back and that he was shot in the back and may have been trying to run from his killer. Police are looking for possible suspects in a black Cadillac Escalade. Fox 59 News will have more at 10 p.m.
Reese faces two more murder charges
Marion County Prosecutor Carl Brizzi has charged Brian Reese with two more murders. Investigators say Reese shot suspected drug dealers Crystal Jenkins and Demetrius Allen, who were found dead on July 8. Brizzi says a weapon used in those murders is the.38 caliber pistol Brian Reese fired at Indianapolis police officer Jason Fishburn two days later, hitting him in the head. The new charges came yesterday when Reese appeared in court for the murder of Clifford Haddix, who was found dead in his home on July 6. Reese has yet to be officially charged with the shooting Fishburn.
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| Indiana Black Expo Health Fair opens today
The INShape Indiana Black and Minority Health Fair starts today at Indiana Black Expo's Summer Celebration. The fair focuses on increasing minority awareness of chronic diseases such as diabetes, heart disease, hypertension and stroke. Attendees can receive $1,000 worth of health care screenings for free. The fair is at the Indiana Convention Center, and runs from 5 to 8 p.m. each evening through Sunday.
Accountants: Expect more physician hookups
Everybody's doing it. So Heaton and Eadie and Katz, Sapper & Miller decided to get together, too. Katz Sapper announced last week that it will acquire Heaton and Eadie because both expect their main health care clients - physicians - to link up more and more with one another and with hospitals in the next five years. They want the heft and experience to win the right to handle finance and consulting on more of those transactions. 
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| |  | | | | | | Visit IBJ's Web site, www.ibj.com | | | | | | Indianapolis Business Journal has launched a redesigned Web site with news updated throughout the business day. | | | | | At www.ibj.com you will find the latest business news from the Indianapolis area and around the state, video of IBJ events, CEO interviews from the Inside IBJ radio program, and our weekly podcast. | |
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