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BEHIND THE NEWS: Another mark against Marsh: It has big pension shortfall

December 12, 2005

As if Marsh Supermarkets Inc. didn’t have enough problems, here’s another whopper: The company has a drastically underfunded employee pension plan-to the tune of $44 million. That figure is disclosed deep within a Securities and Exchange Commission filing the company submitted in June. It shows the pension plan had assets of $39 million, less than half its $83 million in projected obligations. It’s a big shortfall, and one analysts say is sure to draw the attention of potential suitors. An…

Game not over for J&J: Johnson & Johnson may still beat rival in fight for Guidant

December 12, 2005

Boston Scientific Corp. earned instant front-runner status in the bidding war for Guidant Corp. when it unveiled a $25 billion offer on Dec. 5 that trumped a Johnson & Johnson proposal by more than $3 billion. However, market watchers say, J&J can regain the lead simply by counterpunching with a comparable offer. They say the immense New Jersey-based conglomerate offers more stability and is the better long-term option for Guidant shareholders who want to hold onto the buyer’s stock after…

EYE ON THE PIE: Did you miss this last week?

December 19, 2005

Congratulations to the Crothersville Times on the occasion of its 25th anniversary. In today’s world, most newspapers are declining in circulation. When a weekly newspaper, in a town of 1,500 people, survives 25 years, the owner-publisher-editor deserves our applause. Curt Kovener fills all these roles and more with passion, humor and grace. Not commendable is the new Indiana license plate for the Indianapolis Colts. Has the Bureau of Motor Vehicles forgotten that the Colts are not a public institution but…

SPORTS: We trusted and got burned; now it’s time to move on

December 19, 2005

Reaction to the news that a soon-to-be-former Indiana Pacers forward wants to relocate his talents elsewhere reminds me of a scene from the classic cinematic comedy “Animal House.” One of the most noticeable results of a fraternity night out that had gone hopelessly awry was the destruction of a car that character Kent “Flounder” Dorfman had “borrowed” from his brother. As the Deltas surveyed the damage, Eric “Otter” Stratton looked at his distraught fraternity brother and said, “Face it Flounder;…

A fuzzy picture for Thomson-again: French parent puts consumer unit in play, but will keep part of 700-person Carmel work force

December 19, 2005

Engineering and research-anddevelopment jobs in Carmel likely will be spared the uncertainty of Thomson’s plans to sell outright or to find partners for its consumer products and accessories business. The French company that owns the RCA brand and employs 700 in Carmel said last week that it will exit the consumer end of the electronics realm in 2006. But Thomson also said it has a number of engineers and related personnel in Carmel that would fit the company’s focus on…

State freeze pushes nursing care at home: FSSA clamps down on the addition of Medicaid beds

December 19, 2005

Indiana regulators have put a temporary freeze on the addition of Medicaid beds to nursing homes, as part of their push to shift care out of institutions and into patient homes. The state Family & Social Services Administration enacted a 90-day rule starting Dec. 15. While it’s in place, the state agency won’t sign the Medicaid nursing facility provider agreements needed to add beds unless they fit within narrow exceptions. In addition to imposing the temporary rule, FSSA Secretary Mitch…

BEHIND THE NEWS: A peek inside Guidant-J&J-Boston Scientific drama

December 19, 2005

Corporate attorneys aren’t paid to write riveting prose. But the battle to buy Guidant Corp. is so drenched with drama that even the company’s normally bonedry regulatory filings make compelling reading these days. Here’s one gem in a recent filing: Just hours after Guidant sued Johnson & Johnson the morning of Nov. 7-an in-yourface tactic aimed at forcing J&J to close on its $25.4 billion purchase of the Indianapolis company-Guidant CEO Ron Dollens phoned a top J&J executive in an…

EYE ON THE PIE: Cost of living depends on how you live

December 26, 2005

“You can find warmer,” I said, “but I’m not sure you’ll find nicer anywhere.” “Well, if you don’t want to go, I could go myself,” Myrtle pouted. “I could be a muse anywhere; it’s a transferable skill and I don’t need a license to practice. I’d just find some nice writers or artists in another place, or even offer inspiration over the Internet.” “How much do you make a year, Myrtle?” I asked. “None of your business,” she said curtly….

Small biz preparing wish list: Lobbyists hope to repeat past legislative success

December 26, 2005

But that doesn’t mean the organization and its 16,000 Hoosier members will rest on their laurels for the short legislative session in 2006. The group will bring a full wish list to the Statehouse in January, lobbying against increased property taxes and health insurance mandates. It’ll also petition lawmakers to restrict eminent domain seizures. Still, observers don’t think the organization will have as much cause for uncorking the bubbly as it did last year. No different than last session, businessfriendly…

NEWSMAKER: Jischke praised, while Herbert taking heat:

December 26, 2005

NEWSMAKER Jischke praised, while Herbert taking heat Confidence in the job performance of the two leaders of the state’s largest universities headed in opposite directions this year. At West Lafayette, Purdue University President Martin Jischke, 64, continued to receive high praise for elevating the university’s status as a player in the state’s economic development mission. Meanwhile, his colleague at Indiana University, Adam Herbert, found himself fending off a barrage of critics calling for his ouster because they don’t think he…

RETURN ON TECHNOLOGY Tim Altom: Here is list of the worst tech foibles of 2005

December 26, 2005

Well, happy holidays again, my brethren! It’s once more time for my holiday gift to you, a compendium of technological disasters that test the assertion that we’re happiest when we read about those who have been more humiliated than we were. As military pilots used to say about their own missteps, “Man, that’ll leave a crater.” The most recent example in this hall of horrors is Mizuho Securities, as reported by CNN Dec. 9. Massive, Tokyo-based Mizuho switched two numbers…

Finally, a new stadium, and not just for football:

December 26, 2005

After years of angling and months of negotiating, city and state officials finally came to an agreement with the Indianapolis Colts to build a $625 million retractableroof stadium south of the RCA Dome. With a drum roll and a crowd of 1,200 fans and dignitaries counting down-three, two, one-Colts quarterback Peyton Manning, Gov. Mitch Daniels, Mayor Bart Peterson and others shoveled a little dirt on the future home of the city’s new stadium in a formal ground breaking Sept. 21….

NOTIONS: Resolved: No dropping the ball after the ball drops

January 2, 2006

Does your January break With a master plan? A savvy scheme? Sophisticated strategies and tactics? Or will you wing it, Taking each day as it dawns, Making the most Of each passing moment? Do you begin with an honestly clean slate? Or do lingering regrets, (Unsaids and undones), Cloud your New Year’s premiere? Was the year just past a good one for you? Did it enrich your mind and spirit? Did you enjoy good health? Did you give and get…

EYE ON THE PIE: Cost-of-living is with us, not in the stars

January 2, 2006

“I saw your column last week about the cost of living and I think you are a fool.” That was among the kinder messages on my mental answering machine, the one that records the thoughts I imagine readers have after reading my columns. All I had done was explain that the major differences in living costs in different places are related to housing. Housing prices reflect income levels, the benefits of living in different places, and the limitations on building…

Education, work force key hurdles to new economy:

January 2, 2006

Having recently returned to Indiana after a 15-year absence, I see a region filled with both challenges and opportunities. The Central Indiana Corporate Partnership, the organization I’ve returned to serve as president and CEO, is focused on long-term economic prosperity for our region. To this end, our people are our most valuable resource. Unfortunately, central Indiana faces a significant challenge in making our human capital match our goal of a knowledgebased, 21st-century economy. Indiana ranks 46th in the educational attainment…

Startup fills growing drug-trial niche: Indianapolis-based Anaclim focuses on recruiting minority patients

January 2, 2006

A new Indianapolis company plans to attack the chronic shortage of minority patients in drug trials armed only with 11 employees and the wisdom of a couple Eli Lilly and Co. executives. However, the founders of Anaclim believe they’ll find ample success by focusing exclusively on the growing push for diversity in the $10 billion contractresearch industry. Anaclim, which occupies a mostly empty office at Intech Park, could double its staff quickly and start raking in eight-figure revenue within three…

SPORTS: The good, the bad and the hoped for in sports

January 2, 2006

Even with some disappointments sprinkled in (Ron Artest, Purdue football and no state teams in the NCAA men’s basketball tournament), 2005 was an outstanding year for sports in Indiana. But 2006 will be even better. In that vein, we look back, and we look ahead: Best local sports stories of 2005 1) The passing of the funding mechanisms at the state and local levels that led to the Sept. 20 groundbreaking for Indiana Stadium. While Reggie Miller’s retirement from the…

AGENDA INDIANAPOLIS 2006: City made progress in some areas, but top priorities require more work

January 2, 2006

The wheels are beginning to turn on a multi-county transit plan, now that the Central Indiana Regional Transportation Authority is mostly in place. The authority, charged with coordinating and, ultimately, administering a regional transit system, was formed at the end of 2004, about the time IBJ asked readers to rank the most pressing issues facing the city. The results of the survey, published last January, revealed public transportation and congestion issues as the largest concern, followed by the need for…

STATEHOUSE DISPATCH: Short legislative session may be eventful, for a change

January 2, 2006

We’ve all become lulled into assuming that the so-called “short” session of the Indiana General Assembly in the even-numbered years is the political equivalent of the practice of medicine: First, do no harm. In election years, lawmakers are reluctant to do much beyond that which they must do to protect public health, safety and treasury. The short session originated as a vehicle for handling emergencies arising between the odd-numbered-year budget sessions, and many legislators-particularly those seeking re-election-didn’t see much cause…

Diversity is theme at IU med school:

January 2, 2006

Health care disparities and access issues are among the topics to be discussed this month when the Indiana University School of Medicine hosts its fourth annual Diversity Week. The week, which runs from Jan. 15 to Jan. 20, will include daily presentations at noon in the Emerson Hall auditorium on the IUPUI campus, according to school officials. Events begin Jan. 15 when IUPUI hosts its 36 th annual Martin Luther King Jr. Dinner at the Indianapolis Marriott downtown. The keynote…

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Articles

BEHIND THE NEWS: Another mark against Marsh: It has big pension shortfall

Game not over for J&J: Johnson & Johnson may still beat rival in fight for Guidant

EYE ON THE PIE: Did you miss this last week?

SPORTS: We trusted and got burned; now it’s time to move on

A fuzzy picture for Thomson-again: French parent puts consumer unit in play, but will keep part of 700-person Carmel work force

State freeze pushes nursing care at home: FSSA clamps down on the addition of Medicaid beds

BEHIND THE NEWS: A peek inside Guidant-J&J-Boston Scientific drama

EYE ON THE PIE: Cost of living depends on how you live

Small biz preparing wish list: Lobbyists hope to repeat past legislative success

NEWSMAKER: Jischke praised, while Herbert taking heat:

RETURN ON TECHNOLOGY Tim Altom: Here is list of the worst tech foibles of 2005

Finally, a new stadium, and not just for football:

NOTIONS: Resolved: No dropping the ball after the ball drops

EYE ON THE PIE: Cost-of-living is with us, not in the stars

Education, work force key hurdles to new economy:

Startup fills growing drug-trial niche: Indianapolis-based Anaclim focuses on recruiting minority patients

SPORTS: The good, the bad and the hoped for in sports

AGENDA INDIANAPOLIS 2006: City made progress in some areas, but top priorities require more work

STATEHOUSE DISPATCH: Short legislative session may be eventful, for a change

Diversity is theme at IU med school: