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Moody’s lowers Eli Lilly outlook to ‘negative’

Moody's Investors Service on Friday lowered its rating outlook on drugmaker Eli Lilly and Co. to "negative"
from "table" due in part to the looming expiration of patents protecting key drugs from generic competition.

An extended retail roundup

Restaurants and retailers are making moves in Indianapolis, Avon, Carmel and Shelbyville.

UK’s Calipari shows IU what it has in Crean

IU Coach Tom Crean may not have the flash, or winning record, of Kentucky's John Calipari. But at least you can believe what he says and know that he's devoted to his school for the long haul.

Bakery recalls peanut butter spread

An Indiana bakery is recalling 16-ounce jars of peanut butter spread because they may contain undeclared egg products. A
statement posted by the U.S. Food and Drug Administration on Thursday said the product from Rise 'N Roll Bakery of Middlebury
was distributed at Indiana retail stores. The spread was sold in a glass jar and does not bear a UPC code.
 

Alleged hero charged with arson

Authorities say a 14-year-old babysitter who claimed he tried to save three young children from a south-side Indianapolis
house fire actually started the blaze and left the home when it got out of control. The police and fire departments announced
Thursday that a warrant obtained earlier in the week charged the boy as a juvenile with arson in the March 30 blaze. They
said the boy was arrested and held on an unrelated charged. Authorities said the boy was babysitting for three boys, ages
3, 7 and 8, who were critically injured and spent weeks in the hospital.

Road shut down after fatal crash

Emergency crews shut down the southbound lanes of U.S. 31 between 241st and 256th streets in Hamilton County Friday morning
following a fatal crash involving a semitrailer and sport utility vehicle. Investigators say the 55-year-old driver of the
SUV, who died in the crash, crossed over the median and collided with the semi head-on just after 6 a.m. The SUV was registered
in Hendricks County. The driver of the semi suffered minor injuries. Fox59 will have more at 4 p.m.

Congress aims to put some discipline in lending

Congress is getting tougher on both borrowers and lenders blamed for inflating a housing bubble that, when it popped, plunged
the nation into a severe recession two years ago.

Nordstrom Rack notes

Nordstrom Rack carries merchandise from Nordstrom stores at a minimum of 50 percent off original prices, along with apparel, accessories and shoes bought specifically for the discount stores. The Nordstrom spinoff already has 75 locations in 21 states and has announced plans to add more than 30 new stores by 2012. The Rack stores typically […]

School districts take different paths

Two Indianapolis-area school districts have taken different routes to dealing with large budget shortfalls in the wake of
significant cuts to state education funding. The results speak volumes about the priorities of their local teachers’
unions.

BURNEY: Keep drive for high-ability education

In 2007, the Indiana General Assembly unanimously put into place the requirement for all Indiana schools to identify students
with advanced potential from all groups and provide them with appropriate curriculum and instruction needed to develop their
potential.