Emmis cuts magazine positions, salaries

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	Thursday, August 14, 2008
	Emmis cuts magazine positions, salaries Emmis Communications Corp. has cut an undisclosed number of positions from its magazine-publishing arm, the Indianapolis radio and publishing company said today. The positions, which amounted to 4.6 percent of it staff, were eliminated through attrition, said spokeswoman Kate Snedeker in an e-mail. Salaries of remaining publishing employees were cut 2 percent.   Polaris adding 80 jobs in expansion Polaris Laboratories LLC, an Indianapolis company that analyzes oil, fuel and coolants, plans to create 80 jobs in the next six year, Indiana Economic Development Corp. said today. Polaris, which has 84 workers and is based at 7898 Zionsville Road on the far northwest side, will spend $1.65 million to add 10,000 square feet to its headquarters and laboratories. The state offered $485,000 in incentives based on hitting job targets. Polaris helps companies determine optimal service schedules for machinery and equipment.
	Turnaround may be in offing, observers say Companies are quietly planning expansion projects despite woes that continue to unfold in housing, finance and other hard-hit industries, Indianapolis-area economic development officials say. The officials' experiences differ, but a couple of them contacted in a spot check say requests for information from expansion-minded companies are becoming more common, and another says activity hasn't fallen off significantly. That suggests companies foresee the economy turning around and want to be positioned to act on their plans when the timing seems right.   Dakota ethanol firm targets Indiana for new plant Poet LLC, a Sioux Falls, S.D., ethanol distiller, wants to build a fourth plant in Indiana, according to The Journal & Courier of Lafayette. The $260 million plant would be located in West Lebanon, which is west of Lafayette, and produce 115 million gallons a year. Poet operates sites in Jay and Madison counties and is building another in Wabash County. House sales fall nearly 9 percent in July The contraction in Indianapolis-area house sales hasn't ended, July figures suggest. Sales in Marion County, surrounding counties and Madison County fell to 2,336 units last month from the same month last year, brokerage F.C. Tucker Co. said yesterday. The average sale price across the region declined 5 percent, to $146,572.   Toyota won't resume pickup truck line in Indiana Toyota Motor Corp. says it will not resume production of the Tundra pickup truck at its Princeton plant in November as previously announced. The company said last month that it would move production of the Tundra to a plant in San Antonio in early 2009 after suspending production at Princeton through November. Toyota has said it will avoid laying off any of the 4,500 employees at the Princeton factory.   Cummins looked outside state for office project The 500-employee office complex Cummins Inc. is building near its headquarters in downtown Columbus might have ended up in another state had the city not offered to pay for a new parking garage, according to The Republic of Columbus Cummins considered Minnesota, South Carolina, Tennessee and Wisconsin for the offices because the company needed a site with parking. A remonstrance is expected against the city's $10 million total bond commitment.   Daniels wants to expand full-day kindergarten Indiana Gov. Mitch Daniels says he wants to funnel more state money into full-day kindergarten and a teacher preparation program. Daniels also wants to expand a program that prepares math and science teachers for schools that need them most.
	Alcoa-made springboards used in Olympics Olympic divers in Beijing are jumping off aluminum springboards made at Alcoa Inc.'s plant in Lafayette, according to The Journal & Courier of Lafayette. The boards were extruded in Lafayette and sent to a Nevada company, Duraflex International, to be finished and coated. The Lafayette plant also supplied boards used in U.S. Olympics Diving Trials held in June in Indianapolis. Alcoa is headquartered in Pittsburgh. Lucas Oil Stadium and Mail Pouch Does the name on the roof look like a tobacco ad? NewsTalk Thoughts on Gen Con Indy Seven observations about the Gen Con convention. Lou Harry's A&E Indy fights for another Final Four Lucas Oil Stadium makes list of eight finalists for event. The Score
	From IBJ staff - Compiled by Norm Heikens Lucas Oil Stadium opening celebration is tonight Festivities for Lucas Oil Stadium continue tonight with a party for key customers and sponsors. Tickets cost $250 on a first-come, first-served basis. The event starts at 6 p.m. and will include a tour of club and suite areas, plus live entertainment. NFL Hall of Famer Joe Theismann will emcee. If the weather cooperates, fans in attendance will be the first to look into the night sky through the retractable roof. Fox 59 will have more at 10 p.m. Gamers in town for 41st Gen Con Gen Con will bring an estimated 26,000 gaming enthusiasts to Indianapolis this weekend. Attendees can take part in activities including card, board, video and live-action role-playing games. The event will feature seminars, workshops and films. Gen Con runs today through Sunday at the Indiana Convention Center. Tickets are $45 to $75. Accused killer heads to trial on battery charges A man accused in one of the worst mass murders in Indianapolis history goes on trial today in a separate incident. Desmond Turner is charged with felony battery in connection with allegedly spitting on a corrections officer while in prison. Prosecutors say Turner and a second man, James Stewart, killed a family of seven on Hamilton Avenue during a June 2006 robbery. If convicted in that case, Turner could face the death penalty. Conseco's long-term care idea could set trend Conseco Inc.'s decision to unload its troubled long-term health care policies could become a model for other companies, Indiana Insurance Commissioner Jim Atterholt says. That may be good news for investors. But Conseco CEO Jim Prieur says policyholders can "absolutely" expect further premium increases if they want to hold onto their coverage. On Monday, Carmel-based Conseco announced that it will transfer 142,000 long-term-care policies owned by its Conseco Senior Health Insurance Co. subsidiary to an independent trust. Conseco needs approval from the Pennsylvania Insurance Department because the subsidiary is based in Pennsylvania for regulatory purposes. Atterholt likes the idea because it frees Conseco from financial burden, puts regulators at ease and shows policyholders that they will benefit from the change.
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