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 DJIA 11,246 +13.9 / S&P 500 1,251.5 -0.8 / NASDAQ 2,249.6 +6.3
 |  |  Tonight: Areas of rain and storms. Low 69. Tomorrow: Morning rain, turning cooler. High 82.
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|  Tuesday, July 8, 2008 |
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WellPoint arm could be hit with steeper fines
California health insurance regulators are scrutinizing 1,770 patient policies canceled by Anthem Blue Cross to see if they can impose a penalty stiffer than the $1 million fine that was announced last year but never collected. Each case of an improperly canceled policy carries the possibility of a $200,000 maximum fine against California's largest insurer, which is a subsidiary of Indianapolis-based WellPoint Inc. The potential $354 million total would dwarf the now-abandoned 2007 fine. 
Law firm pays $50,000, ending $18M nightmare
An Indianapolis law firm has paid $50,000 to the Indiana Department of Insurance in a deal that extricates it from an $18 million jury verdict stemming from the collapse of a health insurance trust. The department released Fillenwarth Dennerline Groth & Towe from the massive judgment that a Marion County jury handed down against the law firm two years ago. In return, the firm transferred to the department the bad-faith claims it is pursuing against its malpractice insurer, Alabama-based ProNational Insurance Co.
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|  | Telamon poised for expansion announcement
Carmel-based telecommunications firm Telamon Corp. is poised to expand. A news conference that Gov. Mitch Daniels is expected to attend has been scheduled for Wednesday morning at Telamon headquarters. Founder Albert Chen, 63, was not immediately available for comment. Founded in 1985, Telamon provides just-in-time configuration of telephone switching equipment for companies like AT&T, but it has diversified in recent years.
Ohio auto parts company moving to Angola
Auto supplier General Products Corp. plans to move its headquarters and manufacturing center from Columbus, Ohio, to the northeastern Indiana city of Angola, state development officials said. The move is expected to create as many as 61 jobs by 2011, the Indiana Economic Development Corp. announced yesterday. The company already employs about 60 workers at its 125,000-square-foot plant in Angola and is expected to begin hiring machine operators, maintenance and professional staff this summer.
Navistar to bulk up Fort Wayne engineering site
Navistar Inc. plans to add 200 professional positions by the end of the year at its Truck Engineering Facility in Fort Wayne, the Illinois company said yesterday. Spokesman Roy Wiley said the additional workers are needed to help the company meet more-stringent diesel engine emission standards effective in 2010. The new employees also will be involved in a new truck-building partnership between Navistar and Caterpillar Inc.
Women's soccer team eyes Bush Stadium
FC Indiana, a United Soccer League W-League women's team, says it is in early discussions with the city of Indianapolis to help develop a plan to renovate Bush Stadium for use during its home games. The Lafayette-based professional team currently plays at Kuntz Stadium, which is across 16th Street from the old baseball stadium. The FC Indiana ownership group believes that, "In the light of the demand... for modern soccer facilities - the time is right," said FC Indiana Director Shek Borkowski.
Nashville tourism site to rebuild after fire
A key hotel in the tourism community of Nashville plans to rebuild after a fire in January 2007 eliminated half its rooms. Andy Rogers, who owns The Seasons Lodge, submitted plans to the town's Development Review Commission this week. The fire has been attributed to arson, though the exact cause has never been determined.
Hutcherson visits 'Journey' crowd
A 'Journey to the Center of the Earth' star shines. Lou Harry's A&E
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Match your wits with an Indian child
Could you make it into 11th grade in India? NewsTalk
Ralston Square's new look
Ralston Square has a redesign and new tenants. Property Lines
Pacers draftee wants to mirror Reggie Miller
Brandon Rush expects to sign three-year contract. The Score
From IBJ staff - Compiled by Norm Heikens
Police investigate eighth homicide in eight days
Indianapolis police are investigating the city's eighth homicide in eight days. Last night, police officers found the body of Melissa Parksey, 40, in her garage at 3114 Auburn Road. This morning, Calvin Foster III, 37, who lives at the address, was arrested and charged with her murder. He had recently married Parksey. The manner of death appeared to be blunt force trauma to the head. Fox 59 will have more at 10 p.m.
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| New office to help flood victims
The state has set up an Office of Disaster Recovery to help flood victims apply for aid before deadlines. Gov. Mitch Daniels says the office will help people apply for federal assistance. Individuals who've been referred to the U.S. Small Business Administration by the Federal Emergency Management Agency have until Aug. 11 to file their applications. The department can be reached at odr@gov.in.gov.
Shelbyville robber leads police on chase
Police are looking for a man they say got into a fight with a Shelbyville homeowner last night and then escaped on a motorcycle in a rural area of Shelby County. A homeowner reported getting into a fight with a man in the 9000 block of County Road N. 400 West, and the man threatening to shoot. After the man fled, police received a tip that he had taken refuge in a home in the 7000 block of County Road 600 West. Search teams did not find the man inside.
Playground to honor dead toddler
A state-of-the-art playground will be built in the Phoenix Apartments on Thursday in memory of Tajanay Bailey, the 3-year-old allegedly beaten to death by her mother's boyfriend in November. Home Depot, Save the Youth and organizers from the not-for-profit Kaboom are building the 2,500-square-foot play space.
Little cars, big demand
High fuel prices are taking a toll on resale values of trucks and sport-utility vehicles.
Ralston lures bar, hotel, bowling alley
A trendy bar and upscale hotel have agreed to anchor the 11-story Ralston Square project.
IU program aims to turn lab rats into leaders
A new Indiana University business program focuses on life sciences.
Short of having quotas, how can employers ensure a more diverse work force? 
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