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 DJIA 11,311.6 -14.7 / S&P 500 1,254.8 -5.5 / NASDAQ 2,295.5 -15.7
 |  |  Tonight: Storms possible, muggy. Low 75. Tomorrow: Scattered storms, hot. High 93.
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|  Monday, August 4, 2008 |
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Monaco Coach may owe state if it cuts jobs
Monaco Coach Corp. will have to pay the state more than $3 million if it proceeds with plans to lay off 1,400 workers in three northern Indiana communities, a state official said. Indiana Department of Commerce Secretary Nathan Feltman said the recreational-vehicle manufacturer would owe the state for $2.7 million in tax credits and training grants. With penalties and interest, the amount owed would top $3 million. Feltman said he reminded Monaco attorneys of their obligations during a meeting Friday. 
Lilly won't pay more than $64M for biotech firm
Eli Lilly and Co. said today that $64 million is its best offer for the San Diego biotech firm SPX Pharmaceutical Inc. The offer of $3 per share was more than twice the stock price of SPX when the companies signed a definitive merger agreement on July 8. SPX researches and develops cancer drugs. It wasn't immediately clear whether SPX has been seeking a higher price.
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Workers see impact of new minimum wage
The new federal minimum wage is being felt by some Indiana workers, who are cashing slightly bigger paychecks since the 70-cent-per-hour increase took effect. The federal minimum wage increased from $5.85 to $6.55 per hour on July 24. Indiana is one of 10 states that uses federal guidelines to determine its own minimum wage rate.
Workers allege union-busting at not-for-profit
About 50 workers at Arc Bridges in Gary organized a strike Friday to protest labor relations at the not-for-profit social service agency. The organization provides training and support for the handicapped. Arc Bridges' 200-plus workers claim it has engaged in "union busting" strategies as the American Federation of Professionals attempts to negotiate an initial contract, according to the Post-Tribune of Merrillville.
College prep advocates stress tough classes
Most teenagers say they want to go to college, but many students may not be taking the high school classes it takes to get there, Indiana education officials say. A new media campaign featuring muscle-bound gladiators and bullfighters urges teens to "get tough" and take advanced classes - such as foreign languages, science and math. The campaign includes public service announcements, plus teen-friendly media such as YouTube, MySpace, Facebook and a Web site: www.KnowHow2GOIndiana.org.
Rich begin feeling the pain in down economy
The rich are sharing your financial pain - and contributing to it. It may have taken longer and it may not be as acute, but there are early hints that the economic slump is crimping the lifestyles of the wealthy. They are investing more conservatively, spending less on luxury goods and are being more thrifty with their credit cards. Many are asking their personal shoppers and private-jet travel providers to seek the best deals rather than over-the-top extravagances.
Airport open house set for October
Indianapolis International Airport plans to hold an open house for the new midfield terminal Oct. 11 and 12, the airport said today. Visitors will be able to get behind the scenes to see baggage-handling equipment and other areas of the facility that will be closed to the public once the $1.1 billion facility opens. The terminal is on schedule to open Oct. 28.
Democrats think Obama can win Indiana
It's been years since top state Democrats have expressed high hopes that their party's presidential nominee could win Indiana's electoral votes. Not since Lyndon Johnson in 1964 has their candidate carried the state, a statistic that has earned Indiana a reputation as one of the nation's most solid Republican strongholds on the presidential level. But with three months to go before the November election, state Democrats say they're genuinely jazzed about the chances of Democratic presidential nominee Barack Obama breaking the GOP streak - with or without Indiana Sen. Evan Bayh as his running mate.
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Clinton campaign pays off IU debt
Sen. Hillary Rodham Clinton's presidential campaign has paid off its $55,000 debt to Indiana University for events it held on the Bloomington campus. IU spokesman Larry MacIntyre says auditorium director Doug Booher has received the final payment from Clinton for campus campaign visits. The campaign had previously paid about $20,000 of its debt, and recently sent a final check for $32,000. The campaign also also paid about $3,000 for Chelsea Clinton's visit.
'Bodies' raises questions
How do the Claypool cadavers differ from an IMA mummy? Lou Harry's A&E
Ball State tosses IU a grenade
Economists denigrate corporate social responsibility. NewsTalk
Back in time: Buildings in the news
Vintage features of the Grain Dealers building will be kept. Property Lines
From IBJ staff - Compiled by Norm Heikens
Flood-damaged hospital reopens ER
An interim emergency room is now open at Columbus Regional Hospital. The hospital's ER closed in June after massive flooding caused an estimated $125 million of damage. Since then, staffers have treated patients in mobile emergency rooms brought from North Carolina. Repairs continue on the rest of the hospital.
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| Elderly woman attacked after helping stranger
An elderly woman is recovering after she was beaten and robbed by a man she was trying to help. Indianapolis police say Geneva Meadows, 84, was attacked Saturday at her southeast-side home by a stranger who asked to use her phone book. After hitting her multiple times and breaking her nose, the man took Meadows' purse and cordless phone. Neighbors heard Meadow's screams and found her covered in blood. They reported a silver Nissan pickup in Meadows' driveway 20 minutes before the attack.
Fair organizers offer sneak peek
Indiana State Fair organizers showcased new exhibits and some of the fair's featured food today. Activities also included crowning of 2008's Purebred Pork Queen and the World's Largest Male Hog contest. The fair officially opens Wednesday and runs through Aug. 17. Fox 59 will have more at 10 p.m.
Police search for mother of abandoned child
Frankfort police have obtained a warrant for the arrest of a woman they say abandoned her 3-year-old son in a Frankfort Wal-Mart on June 13. Julia Ornelas, 42, faces charges of child neglect through abandonment. The boy, Julian, was recently reunited with his siblings after he was identified on TV by a relative.
Budget cuts loom for arts, parks
Cultural leaders worry funding will be axed as Ballard tries to avoid massive deficit.
Strip developer scales back
Williams Group is struggling as the housing market slump takes a toll on strip retail centers.
A blue-ribbon crop
Corporate sponsorships have hit a record at the Indiana State Fair despite a sluggish economy.
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