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BULLS & BEARS: Nation’s hefty trade deficit puts value of dollar at risk

May 22, 2006

Whenever anyone starts talking about foreign currencies and the U.S. dollar, you can usually see eyes-including mine-glazing over. Nevertheless, now may be a particularly useful time for investors to gain awareness on this topic. Currently, a number of wise investment thinkers share a growing concern that the U.S. trade deficit, currently running at an unprecedented 7 percent of GDP (the country’s output of goods and services), will eventually trigger a dollar decline. At Berkshire Hathaway’s annual meeting a couple of…

Emerging Riley specialty to look for more doctors: Hospital emergency department sees rapid growth

May 22, 2006

Riley Hospital for Children is looking for a few good doctors to man its bulkedup Emergency Department, the latest sign of the swelling national demand for pediatric ER services. Indianapolis-based Emergency Medical Group Inc. will take over management of Riley’s Emergency Department July 1 and bring in a new medical director, Dr. Bob Collins. He, in turn, might hire as many as seven doctors trained in pediatric emergency medicine over the next few years, some of whom may replace physicians…

Conseco hoping to settle: Class action accuses insurer of misleading its customers about life insurance costs

May 22, 2006

Conseco Inc. appears close to resolving a class-action lawsuit that encompasses 75,000 polices and accuses the company of duping customers about the cost of insurance. The Carmel-based company said in a regulatory filing that it has entered settlement talks “in an attempt to avoid the risks and costs of protracted litigation” and has set aside an undisclosed amount of money toward resolving the matter. At issue are so-called Lifetime and Lifestyle universal life insurance policies purchased by customers nationwide in…

Tower erector rises from ruin: Once bankrupt, water tank firm grows into industry giant, acquires competitor

May 22, 2006

From the ashes of bankruptcy in 1986, an Avon-based firm has ascended to the top of an industry that might seem old-fashioned: building and maintaining water towers. But the owners of Phoenix Fabricators and Erectors Inc. say new demand for their product, driven by factors as diverse as aesthetics and alternative fuels, promises to boost the firm’s $80 million in annual sales as Phoenix grows from within and through acquisitions. Phoenix this month acquired Sebree, Ky.-based Pittsburgh Tank and Tower…

Stringtown-the next downtown success story?: Trio of real estate investors are betting on the burg

May 22, 2006

Drive around the roughly 50 blocks of Stringtown, a small, working-class neighborhood on the city’s near-west side, and you’ll come across some cute, rehabbed, two-bedroom houses for rent. But there are also signs of neglect-boarded-up houses with siding falling off, cars up on blocks, and broken windows. In the neighborhood just west of White River and the Indianapolis Zoo, a few real estate investors are wagering that the tight-knit district is ready to blossom. The burg stretches from the river…

Area construction employment surging: Workers stay busy as industry experiences 15 consecutive months of job growth

May 22, 2006

Building tradesmen in central Indiana don’t need a mind-numbing jobs report to tell them construction workers are in high demand. They need not look any further than their apprentice programs and union halls to gauge the industry’s health. The way the barometer works is simple: Full apprentice classes mean contractors are hiring and empty union halls mean they’re working. “When the benches are empty, that’s a good thing,” said Mike Kerr, a principal at locally based contractor F.A. Wilhelm Construction…

SPORTS: Justin Gatlin is a fast fix for USA Track and Field

May 22, 2006

Shortly thereafter, he was on his way to Indy to promote the upcoming AT&T USA Track & Field Outdoor National Championships. The event takes place June 21-25 at the Michael Carroll Stadium at IUPUI, and it’s the result of Indybased USA Track & Field’s initiative to bring more of its events to its hometown. Talk about good timing. Track and field’s national profile needs a between-Olympic-years boost and track and field locally-the kind that used to electrify this city back…

Stadium architect beats ‘dark horse’ status: Experience with other sports arenas wins HKS first pro football project

May 22, 2006

The imprint HKS Inc. will leave on the city with its design of the new Indianapolis Colts stadium will reshape downtown for years to come. But the high-profile project is also significant for the Dallas-based architectural firm because it represents the first time HKS has designed a professional football arena. Any questions the selection team might have had about the firm’s credentials were quickly put to rest, however. “[They] came and visited and said, ‘When you guys start looking for…

Battle of the brands: Planners go back to drawing board after city slogan nixed

May 15, 2006

They thought they had a winner with The New Midwest. They even had the logo-a stylized “I”-all figured out. And a color palette. But then they hit a bump in the road. When Mark Miles became CEO of the Central Indiana Corporate Partnership in January, he joined the big group and said the slogan was a dud. At the least, he said, participants should run it by focus groups. They only had to run it by two before they realized…

Money manager launches own firm: Former SBK-Brooks exec opens Liger Securities

May 15, 2006

If David B. Girton isn’t already regarded as an innovator in the local investment brokerage community, he should be now. The 45-year-old Indianapolis native is in the process of launching Liger Securities Corp., the only locally owned black investment firm in the city. But 10 years ago, he accomplished a similar first, when he opened the local office of Cleveland-based SBK-Brooks Investment Corp., then the only black-operated brokerage here. Make no mistake, though, Girton’s credentials far outweigh his designation as…

BEHIND THE NEWS: Smulyan has dual roles, complicating buyout bid

May 15, 2006

The most interesting line in the press release announcing Jeff Smulyan’s proposal to buy out other Emmis Communications Corp. shareholders and take the company private didn’t appear until the second page. “[Smulyan] advised Emmis’ board that [he] will not agree to any other transaction involving Emmis or his shares of Emmis,” the statement read. The unequivocal message to buyout firms and rival radio companies: Don’t bother making a bid to buy my company. If you do, you’re wasting your time….

EYE ON THE PIE: Sometimes competition is a bad thing

May 8, 2006

You are getting older, living alone. You want to continue living where you are. You don’t want to move in with your children and you think they might not want you. You don’t want to move to some assisted-living place and give up so much of what you have known for so long. You are disabled or otherwise unable to cook for yourself. Where do you turn? Your first thought is Meals on Wheels. You (or a member of your…

Colleges tweak study-abroad programs: As student participation rises, schools make changes to offset loss of tuition

May 8, 2006

The University of Indianapolis used to forfeit thousands of dollars in tuition from students studying abroad in the shadows of the Acropolis in ancient Greece. That is no longer an issue, however, because U of I assumed full ownership of its branch campus in Athens two years ago from separate management that previously received tuition from students spending a semester there. “That’s one way we can cut back on the loss, because they’re still enrolled with us,” said Mimi Chase,…

Biz incubator out of room: IU Emerging Tech Center needs $20M or more for expansion

May 8, 2006

In its quest to develop high-tech startups, Indianapolis has established a healthy pipeline. But there’s a bottleneck that’s poised to become even more congested. Located at the head of the Central Canal, Indiana University’s Emerging Technologies Center is the city’s primary business incubator, chock-full of labs and equipment. Established in 2003, the 62,500-square-foot building is now crowded with 26 promising young firms. A handful have outgrown their space, and are on the cusp of “graduation.” IUETC CEO Mark Long reports…

Opera in fight to avoid finale: Organization embraces co-productions as a way to keep the Fat Lady at bay

May 8, 2006

It might be facing a $350,000 deficit, a round of staff cuts and a scaled-back production schedule, but the Indianapolis Opera isn’t ready to cue the Fat Lady quite yet. Instead, the not-for-profit arts organization is employing a series of cost-saving measures intended to keep her off the stage indefinitely-including a greater emphasis on sharing production expenses with other opera companies. Co-producing is an increasingly popular strategy among performing arts groups looking to make the most of their limited resources….

SPORTS: This is the time and place for an open-wheel marriage

May 8, 2006

It’s May, so here’s something we should want to see even more than the field of (we hope) 33 taking the green flag on Race Day, something we should want to hear even more than Tom Carnegie’s baritone, something we should believe would have an even more positive long-term impact on open-wheel racing than a victory by Danica Patrick. Indeed, the best news to come out of this May would be the great news for next May. And that would…

BULLS & BEARS: Marsh, Suros deals a study in how to value businesses

May 8, 2006

Two recent Indianapolis business deals have provided local investors with excellent case studies in business valuation. What is truly instructive is that these acquisitions are polar opposites based on the valuation methods employed and in the future expectations the buyers have for these two businesses. They are the announced purchase of Marsh Supermarkets Inc. for $88 million by Florida-based Sun Capital Partners and the acquisition of Suros Surgical Systems for $240 million by Massachusetts-based Hologic Inc. In the Marsh acquisition,…

Bloomington’s Cook tightens women’s health focus: New business unit plans summer product rollout

May 8, 2006

Privately held Cook Inc. has added a seventh business unit in a bid to strengthen its presence in the growing market for gender-specific health care products, a move that could bring jobs to southern Indiana. The Bloomington-based medicaldevice maker will unveil its Women’s Health unit May 8 in Spencer. The unit actually started operating last September, initially taking on a combination of products pulled from the company’s urological unit, also in Spencer. But Women’s Health leader Christina AnnÃ© said it…

Boutique high schools could bolster work force: Movement targets students who need extra help and otherwise might not pursue higher education

May 1, 2006

Two school districts have received pivotal funding for “early college high schools” to prepare secondary students for the rigors of college and give them the opportunity to earn college credits before setting foot on campus. The initiative also could be a plus for area employers to the extent it improves the pool of qualified workers locally. Indianapolis Public Schools’ Crispus Attucks Medical Magnet/Early College High School and the Metropolitan School District of Wayne Township’s Early College High School each received…

Emmis fights radio doubt: CEO Smulyan defends his struggling industry as stock price continues to slide

May 1, 2006

Emmis Communications Corp.’s stock has fallen 80 percent in six years. Revenue from its radio stations is falling short of Wall Street expectations. And its bid for Major League Baseball’s Washington Nationals is running third in a three-horse race. But Emmis CEO Jeff Smulyan is as optimistic as he’s been in months. “I’m upbeat because I think this industry is ready to turn the corner, and Emmis is turning the corner,” Smulyan told Wall Street analysts after his company released…

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Articles

BULLS & BEARS: Nation’s hefty trade deficit puts value of dollar at risk

Emerging Riley specialty to look for more doctors: Hospital emergency department sees rapid growth

Conseco hoping to settle: Class action accuses insurer of misleading its customers about life insurance costs

Tower erector rises from ruin: Once bankrupt, water tank firm grows into industry giant, acquires competitor

Stringtown-the next downtown success story?: Trio of real estate investors are betting on the burg

Area construction employment surging: Workers stay busy as industry experiences 15 consecutive months of job growth

SPORTS: Justin Gatlin is a fast fix for USA Track and Field

Stadium architect beats ‘dark horse’ status: Experience with other sports arenas wins HKS first pro football project

Battle of the brands: Planners go back to drawing board after city slogan nixed

Money manager launches own firm: Former SBK-Brooks exec opens Liger Securities

BEHIND THE NEWS: Smulyan has dual roles, complicating buyout bid

EYE ON THE PIE: Sometimes competition is a bad thing

Colleges tweak study-abroad programs: As student participation rises, schools make changes to offset loss of tuition

Biz incubator out of room: IU Emerging Tech Center needs $20M or more for expansion

Opera in fight to avoid finale: Organization embraces co-productions as a way to keep the Fat Lady at bay

SPORTS: This is the time and place for an open-wheel marriage

BULLS & BEARS: Marsh, Suros deals a study in how to value businesses

Bloomington’s Cook tightens women’s health focus: New business unit plans summer product rollout

Boutique high schools could bolster work force: Movement targets students who need extra help and otherwise might not pursue higher education

Emmis fights radio doubt: CEO Smulyan defends his struggling industry as stock price continues to slide