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Police units disbanded, officers reassigned

Six specialized Indianapolis Metropolitan Police Department investigative units are being disbanded. The 65 detectives who
work in those divisions are being reassigned to work at the district level. Vehicle theft, aggravated assault, robbery, organized
crime, financial crime and juvenile units are being decentralized. Public Safety Director Dr. Frank Straub said the community
is best-served by detectives with a wide range of investigative experience stationed at the community level. The police union
disagrees  with the decision.

 

Woman, 82, attacked in home

An 82-year-old woman was attacked by an unknown assailant Tuesday night in her east-side Indianapolis home. A relative, worried
when he hadn't heard from the woman all day, stopped by her house near East 21st Street and Emerson Avenue about 10 p.m.
to check on her. He found her injured at the bottom of a staircase. Evelyn Jackson said she had been there for more than eight
hours after an intruder threw her down a flight of stairs. She was taken to the hospital with a broken hip.  
 

Police closing in on shooter

Marion County Public Safety Director Frank Straub said this morning that he is 90-percent to 95-percent sure authorities
have identified the gunman who shot eight people early Tuesday on the city’s west side, killing two. “The hunt
is on,” said Straub, speaking on WIBC-FM 93.1. “They will be relentless in bringing the shooter to justice.”
Fox59 will have more at 4 p.m.
 

Smulyan considering another option to take Emmis private

The communications company said in a news release that CEO Jeff Smulyan is continuing to negotiate with a group of preferred
shareholders
and is considering another buyout option that would not require their consent.

Calumet see smaller loss in second quarter

The Indianapolis-based owner of oil refineries lost $907,000 in the three months ended June 30. In the same quarter last year,
the company lost $26 million.

Consumers facing record prices for bacon

The U.S. hog-breeding herd is near the smallest on record, and wholesale pork-belly prices are up 72 percent in the past year,
to the highest price since at least 1998.

Republic Airways profit dips despite higher revenue

The 2009 acquisition of Frontier and Midwest airlines more than doubled second-quarter revenue for Indianapolis-based Republic
Airways Holdings Inc., the company said late Tuesday, but profit fell because of additional expenses.

Indiana adopts national core education standards

The Common Core State Standards are intended to replace education goals that vary wildly from state to state with a uniform
set of expectations. The standards have already been adopted by many states, with a majority expected to sign up soon.

UPDATE: Emmis postpones buyout decision

Emmis Communications Corp. on Tuesday postponed a decision on CEO Jeff Smulyan's bid to take the company private, saying
it did not receive enough votes from shareholders to reach a quorum.

CNO Financial profits surge 20 percent, beating expectations

The Carmel-based life and health insurer earned $33.1 million in the three months ended June 30, or 12 cents per diluted share.
Excluding losses on investments and retired debt, the company would have earned 16 cents per share.

People

Hendricks Regional Health added three physicians. Dr. Brad A. Prather, an orthopedic surgeon specializing
in total joint replacements, joined Hendricks Orthopedics and Sports Medicine. Also, Dr. Anna Gilley and
Dr. Shawn Fenoughty joined the Danville-based hospital’s pediatric hospitalist team.

Dr. Federico Richter, a family physician, joined Eastside Medical Center, which is part of Community Physicians
of Indiana, a subsidiary of Indianapolis-based hospital system Community Health Network.
 

Company news

With Eli Lilly, Roche Diagnostics and other large life sciences companies shedding jobs, Indiana needs small
life sciences startups to fill the void. To help such companies, two former Lilly employees are starting an institutional
review board that will help small companies launch clinical trials of their innovative technologies. Pearl IRB,
based in Indianapolis, is run by Lilly alumnae Diana Caldwell and Gretchen Miller Bowker. It is, according to the Indiana
Health Industry Forum, the first commercial institutional review board in the state. That’s significant because such
boards must approve clinical trials before such research on humans can begin. Typically, universities and large hospitals
have institutional review boards, but they are not normally available for researchers not affiliated in some way with those
institutions.

Iraq war veteran Nate Richardson is now using his battlefield experience to launch his own business. His company, Anderson-based
Coeus Technology, developed an antimicrobial liquid it says can be added to military uniforms and equipment
to make them resistant to germs for longer periods of time than current products. The U.S. Army Material Command is currently
testing Coeus’ MonoFoil Technology for its use. But Coeus is also pursuing sales of MonoFoil to civilian users, such
as hospitals and schools. Coeus opened a year ago in Anderson’s Flagship Enterprise Center. It plans to add packing,
filling and research facilities in the next two years, creating 30 to 50 jobs by 2012.

A team of researchers at Purdue University say they’ve found a new marker for prostate cancer that
could replace the prostate-specific antigen (PSA) that is now the leading indicator for the disease. Purdue chemist Graham
Cooks and Purdue oncologist Timothy Ratliff led the team, which found that the compound cholesterol sulfate occurs in prostate
cancer tumors but not in healthy prostate tissue. That stark difference could prove better than PSA, which sometimes appears
at elevated levels in prostates that are inflamed or enlarged, but not cancerous.

The California-based Howard Hughes Medical Institute has awarded $364,000 to more than double Indiana University’s
repository of fruit flies, which have served as the basis of most genetic research for the past century. The Bloomington Drosophila
Stock Center houses 30,000 fruit fly strains and helps develop scientific tools that are used to design new fly strains. The
new grant will allow the stock center to expand to as many as 70,000 fruit fly variants. When the stock center moved from
the California Institute of Technology to Indiana University 25 year ago, it was home to only 1,675 strains.

Indianapolis-based Dow AgroSciences posted a profit of $196 million, up from $140 million in the same quarter
last year, according to Bloomberg News. Second-quarter revenue increased 4 percent, to $1.3 billion, for the unit of Michigan-based
Dow Chemical Co. Company officials credited increased sales for Dow AgroSciences’ herbicides, including some new products,
in spite of weather-related delays.