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 DJIA 11,449.7 -67.3 / S&P 500 1,268.2 -9.3 / NASDAQ 2,330.7 -18.6
 |  |  Tonight: A few storms, muggy. Low 70. Tomorrow: Breezy and humid, late-day storms. High 88.
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|  Wednesday, September 3, 2008 |
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Muncie bank pushes deeper into Indy market
First Merchants Corp. announced today that it has signed a definitive agreement to buy Plainfield-based Lincoln Bancorp in a deal valued at about $75 million. The move thrusts the growing Muncie bank further into the state's largest market and sheds light on the travails of the banking industry. "We knew that we had to do something," said Lincoln CEO Jerry Engle. 
Coalition to push local government overhaul
Efforts to streamline local government, largely tabled this year as lawmakers grappled with the state's property tax crisis, could gain momentum under a new coalition that has pledged to promote changes in a system described as cumbersome and redundant. The group, which includes the Indiana Chamber of Commerce, the Indiana Association of Realtors and the Central Indiana Corporate Partnership, expects to spend $300,000 to $500,000 on its effort to get more of a state panel's recommendations passed in the next legislative session.
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RV makers unlikely to see Katrina boom repeat
After Hurricane Katrina devastated the Gulf Coast in 2005, at least one industry got a lift: recreational vehicle makers, which benefited from the more than $1 billion spent on travel trailers and mobile homes to house displaced residents. But after Hurricane Gustav, RV makers have little reason to expect a similar boost, said analysts, the companies and the Federal Emergency Management Agency. The key difference: Gustav is proving much milder than Katrina.
Wheaton promotes executives
Wheaton World Wide Moving has named two executives to fill the president and CEO positions long held by Stephen F. Burns, who will remain chairman, the Indianapolis moving company announced today. Effective Jan. 1, Chief Operating Officer Mark Kirschner will become CEO and Executive Vice President Dave Witzerman will become president. Burns has led the company for 20 years. "I couldn't be more pleased to have Mark Kirschner guiding this company into the future...," Burns said in a statement. Wheaton is the nation's sixth-largest household-goods carrier.
Lilly: Long-acting Zyprexa shows early success
A longer-lasting version of Eli Lilly and Co.'s best-selling drug Zyprexa delivers a low rate of relapse or discontinuation among schizophrenics, the Indianapolis company said yesterday. The long-acting injectable form of Zyprexa, which awaits regulatory approval, showed a relapse rate comparable to the pill version of the anti-psychotic currently being sold, Lilly spokesman Charles McAtee said.
Carmel firm might be fined by nuclear agency
Alt & Witzig Engineering Inc. stands to be fined $3,250 by the Nuclear Regulatory Commission because a routine inspection of its Lafayette facility and a temporary job site found that the company didn't adequately protect portable nuclear gauges, according to The Journal & Courier of Lafayette. The gauges, which measure soil density and moisture content for construction projects, in one instance were locked away in a box on an open truck bed and in another instance were in a room behind only one locked door. Two protection systems are required to prevent possible exposure to radiation in the event the equipment is stolen.
Lilly continues to build case for prasugrel
Eli Lilly and Co. continued to press its case for regulatory approval of its blood thinner prasugrel today by releasing two more studies offering new analysis of prasugrel's clinical trial data. The release comes weeks before the U.S. Food and Drug Administration is scheduled to rule on whether the drug should be allowed onto the market. One of the studies shows that prasugrel reduced the risk of recurrent heart attacks in cardiac patients by 23 percent or more compared with Plavix, the reigning blood thinner now on the market.
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Cripe expands with Evansville office
Cripe Architects and Engineers, an Indianapolis-based architectural firm, is opening an office in Evansville in addition to its satellite locations in Carmel and Fort Wayne, according to the Evansville Courier & Press. Cripe has 75 employees. Chairman and CEO Alex D. Oak, a Native American, brings the firm minority-owned status.
Historic Columbus Inn shuttered
Doors to the Columbus Inn bed-and-breakfast have been chained and padlocked, according to The Republic of Columbus. The 113-year-old, Romanesque building once housed city hall and now is on the National Register of Historic Places. The newspaper was not able to reach the owners for comment.
Pretending to like classical music?
Site suggests many fans are faking it. Lou Harry's A&E
Colts and Pacers come together for promotion
Blue Friday spotlights Conseco Fieldhouse event. The Score
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| From IBJ staff - Compiled by Norm Heikens
Sarah Palin to address Republican convention
Republican National Convention attendees are about to hear from the first female on the party's national ticket. Alaska Gov. Sarah Palin will address the convention tonight, when she's expected to accept the party's nomination for vice president. Palin has kept silent the last two days despite numerous reports about her family life and qualifications. Fox 59 will have more at 10 p.m.
Man allegedly stabs brother, calls 911
Indianapolis police have arrested the brother of a man who was stabbed to death last night in the 5100 block of East Washington Street. Officers say Lawrence Brown, 45, called 911 after the attack and claimed responsibility. The victim, Bobby Clark, 39, was dead when police arrived on scene. Officers believe the stabbing was the result of a fight between the brothers.
Coach commits suicide, ex-assistant arrested
Gibson County officials say Pike Central High School's football coach committed suicide yesterday just hours before State Police arrested one of his former assistants. Marty Deputy, 31, was found dead in his home. State Police later arrested former assistant Luke Musselwhite for sending sexual text messages to a 17-year-old Pike Central student. Musselwhite resigned before the start of school last month. A police spokesman says officers were investigating a second teacher in a separate case.
America's Most Wanted following escaped inmate
Indiana officials are enlisting the help of a popular TV crime show as they try to capture a convicted killer who's on the run. The crew for America's Most Wanted is in Indianapolis to tape a segment on escaped inmate Sarah Pender, who was convicted of murdering her two roommates in 2000. Police say Rockville prison guard Scott Spitler helped Pender escape on Aug. 4. Spitler was arrested days later. The case will be featured on an episode airing Sept. 13.
'Segway ready' condo building opening in Herron Morton district
A 108-year-old apartment building will become high-end condominiums in the city's historic Herron Morton Place just north of downtown. Local real estate agent John Karamanski is teaming up with four local investors to renovate the historic Talbott building at 1717 N. Talbott St. The group is converting the apartments into nine one-bedroom condominiums priced between $99,000 and $149,000. The low price point isn't unheard of in a downtown where units costing more than $300,000 are the norm. 
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