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High risk could mean high payoff for ad agency: Young & Laramore eschews local, regional work to take aim at national targets

December 5, 2005

Locally based advertising agency Young & Laramore won another national account in November, and with the announcement unveiled a strategy to eschew local and regional work to shoot for the industry’s biggest targets. Minnesota-based Red Wing Shoe Co. chose Young & Laramore to help it launch a line of casual footwear targeted at a mainstream men’s and women’s market. The 100-year-old shoemaker has made a name for itself with its hiking, hunting and work boots. Though terms were not disclosed,…

Industry races to promote itself: Statewide motorsports group hopes to thwart competition from other U.S. markets

November 28, 2005

Area motorsports leaders are gearing up for another run at unifying the industry and assuring the region retains its status as one of the world’s leading motorsports markets. Organizers of the latest effort promise they won’t spin their wheels this time around. They’re casting a wider net-going statewide with a motorsports association-to attract more members and build more clout with the media, local and state lawmakers, and service providers, such as banks and insurance companies. The Indiana Motorsports Association Inc….

Kite flies third plan for Nora project: Developer scales back condos, dangles Whole Foods Market

November 7, 2005

Developer Paul Kite is back for a third round in his battle with Nora residents to develop a condominium/retail project on the last undeveloped corner of 86th Street and Keystone Avenue. In plans submitted to the city and to neighborhood groups, Kite’s PK Capital LLC has drastically trimmed the number of condo units planned for the 13 acres, but reintroduced the concept of a specialty grocery on the site. PK is working to bring the state’s first Whole Foods Market…

VOICES FROM THE INDUSTRY: Putting construction, engineering into laymen’s terms

November 7, 2005

Sometimes those of us in the construction industry-like many other professions-forget we have our own technical vocabulary that many laymen simply don’t understand. Like some of my colleagues, I have occasionally started tossing around the lingo of our industry before business and civic leaders from other fields and have seen the confused look that comes over their faces. I have to stop and define my terms. With that situation in mind, I thought it might be helpful to put together…

BEHIND THE NEWS: Feds say exec pilfered passport, but judge isn’t convinced

November 7, 2005

Here’s a new twist in the already surreal saga of James T. O’Neal Jr., the Carmel native preparing to stand trial in Orlando on charges he swindled millions of dollars from executives here and in Florida. In late September, a new court filing charges, the 59-year-old Orlando resident swiped his passport and the Social Security cards for himself and his family from a repository of court records in Indianapolis. “It is a reasonable assumption that he will continue to take…

Winona troubles spread: Ex-owner of closed hospital seeks bankruptcy protection, dampening creditors’ hopes

November 7, 2005

Winona Memorial Hospital’s former owner filed for bankruptcy last month, a move that’s likely to hinder efforts to recover millions of dollars for the defunct Indianapolis hospital’s creditors. Texas-based Leland Medical Centers Inc. filed Oct. 14, three days after its CEO, Charles Simons, filed for personal bankruptcy, according to bankruptcy court records. The privately held company, which was created in 1992, once owned a small chain of Texas hospitals with physicians. But Simons acknowledged in a deposition last spring that…

State revamps health coverage: New health savings accounts and high-deductible policies could help stem rising costs

October 31, 2005

Indiana state government will unveil a fresh approach to insurance coverage next year when it offers health savings accounts to its 33,000 employees and their dependents. The state wants employees to take more control of their health care and consequently harness spiraling costs, Personnel Director Debra Minott said. The high-deductible AnthemBy-Design plan it chose to accomplish that will be offered as one of five coverage options during an open enrollment that starts Oct. 31. “We really see a looming crisis…

Public markets are sometimes a double-edged sword: Many companies enjoy access to capital, but others complain regulatory compliance costs are just too high

October 31, 2005

For young and growing companies, initial public offerings are a bit like climbing a mountain: a long, harsh toil to reach a distant summit. But planting a flag at the peak isn’t enough. To make the journey worthwhile, companies must stay there. The payoff can be enormous, in the form of ready access to capital. But operating at such a high altitude requires careful footing. And the effort costs more than some can afford. “It’s a double-edged sword,” said George…

Lathering up for a buyout?: Local hair care products biz Kenra could fetch $80 million

October 24, 2005

Kenra LLC, a locally based hair-care products manufacturer that has nearly tripled its revenue in six years, is looking for a buyer. New York-based Giulliani Capital Advisors LLC is helping the 76-year-old company find a suitor, according to sources familiar with the situation. Kenra reported its annual sales doubled last year to $80 million on the strength of a new line called Kenra Platinum, an upscale haircare collection. Company officials told Women’s Wear Daily in March sales could increase another…

COLD PROSPECT?: New stadium may not overcome climate, lack of corporate clout as city vies for Super Bowl

October 17, 2005

Did NFL Commissioner Paul Tagliabue do a snow job on Indiana legislators? Tagliabue dangled visions of Indianapolis’ hosting a Super Bowl when he made the case for a $625 million stadium before Indiana lawmakers earlier this year. Now construction is under way, and local officials are watching 2006 host city Detroit to see if it can warm skeptics to the idea of playing the Super Bowl in a cold-weather city. But some observers of the big game doubt Indianapolis has…

‘Big gun’ rides into Irving case: Prominent attorney Susman won $900M from Microsoft

October 17, 2005

Irving Materials Inc. may appreciate that folksy quip after sparring with Houston attorney Stephen D. Susman. The broad-shouldered Texan who once prosecuted Hamlet in a mock trial for charity (Hamlet was convicted) has been named co-lead counsel for construction firms suing Greenfield-based IMI in federal court here over concrete price-fixing. In 1989, Susman defended U.S. House Speaker Jim Wright against ethics charges in a flamboyant style that ruffled the Volvo-driving sensibilities of Beltway Yankees. Susman, 64, called his dapper opponent…

Were IPL earnings too big?: Secret biz plan: Execs feared state would order refunds

October 17, 2005

In May 2003, the top brass at IPALCO Enterprises Inc. was running the numbers and saw potential regulatory trouble down the line. The latest projections showed the Indianapolis Power & Light Co. parent would earn a return on equity more than double the industry average for years to come, according to a confidential business plan drafted that spring. Not only might state regulators question whether IPALCO was earning too much money from customers, they also might apply existing case law…

Women gain place at table: Increase in WBE firms seen at airport

October 10, 2005

At $1.66 billion, the 1.2-millionsquare-foot midfield terminal project, scheduled to open in late 2008, is more than the future gateway to the city. It is a gateway of opportunity for many local women-owned business enterprises (WBEs). The Indianapolis Airport Authority’s commitment to increasing participation of women-owned businesses is more than lip service. “Over half of the users of our airport are women,” said Lacy M. Johnson, president of the IAA board of directors and champion for women-owned and minority businesses….

Hip-deep in endorsements: Sony, Kraft deals help Manning reign as NFL advertising king

October 3, 2005

With three newly inked endorsement deals, Indianapolis Colts quarterback Peyton Manning is scoring faster and more often with corporate America than any other National Football League player, according to his handlers at Cleveland-based IMG Worldwide. But Manning’s endorsement success hasn’t played out as fast as one of his famous twominute drills. Since entering the league sevenplus years ago, Manning and IMG have followed a carefully diagrammed blueprint to build first a local platform through deals with St. Vincent Health and…

Winning the wallets of the ultra-wealthy: Local investment firm enters fight for lucrative market

September 26, 2005

City Securities has placed attorney Stephan Hodge, a former Indiana state securities commissioner, and Kenneth Klabunde, a certified financial planner, at the helm of its recently established three-person Wealth Advisors division. Their goal is to offer portfolio management, tax planning, trust preparation and a host of other financial products to folks with at least $3 million to $5 million in assets. But they plan to deliver it with a level of personal attention few Hoosiers receive. And much of their…

Givers should be smart as well as generous, experts say: Do your homework before donating to any cause

September 26, 2005

Charitable giving often is a spur-of-themoment thing, particularly if it’s a response to a disaster. Still, charitable groups, relief agencies and financial advisers say a little thought before making a donation is a good idea. Giant disasters such as Hurricane Katrina jolt many people into trying to help, often with no particular idea beyond simply doing something. However, some types of help are more helpful than others. Properly following the rules of charitable giving can provide a tax benefit. It…

NOTIONS: Four years after 9/11, freedom still resounds

September 19, 2005

Dear Mr. bin Laden: On Sept. 11, 2005, I woke up late. I’d been to dinner and a movie the night before. Then I stayed up reading. So I slept in Sunday morning. I moseyed out of bed, put on gym shorts and a T-shirt, and retrieved the newspapers from the drive. You got beat on the front page by Hurricane Katrina. We like our crises fresh. Yours has grown stale. You made the cover of The New York Times…

Winona’s trustee seeking money, answers:

September 19, 2005

Winona Memorial Hospital hasn’t treated a patient in more than a year, but it continues to care for the leftover medical records of roughly 60,000 people. The fate of those records is one of many loose ends waiting to be tied up by lawyers and others shepherding the defunct hospital through liquidation. Indianapolis attorney Paul Gresk, the hospital’s Chapter 7 bankruptcy trustee, also wants to find cash to give hospital employees their last paycheck. And he wants to learn more…

EndGenitor might hold key to repairing blood vessels: Biomedical startup researchers grow cells from umbilical cord fluid

September 19, 2005

En d G e n i t o r Technologies Inc. is a prime example of the type of company BioCrossroads, central Indiana’s life sciences initiative, covets. Founded on the scientific discoveries of two Indiana University School of Medicine researchers, the venture is on the cusp of producing stem cells that someday could repair the blood vessels of heart attack victims and diabetics. Drs. Mervin Yoder, 52, and David Ingram, 39, company cofounders and professors at the Herman B Wells…

NOTIONS: Generosity of the moment, generosity over time

September 12, 2005

In an e-mail last week, my sister-inlaw, Carrie, shared a story about my nephew, Eric. It said: “Eric has been keeping abreast of the hurricane news (as much as a 13-yearold boy might do) and inquired last night if we had made any contributions to the relief effort. I told him that we had contributed online to the Red Cross, but that I truly didn’t know the amount of the contribution since Dave [his dad] had handled it himself. “Eric…

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Articles

High risk could mean high payoff for ad agency: Young & Laramore eschews local, regional work to take aim at national targets

Industry races to promote itself: Statewide motorsports group hopes to thwart competition from other U.S. markets

Kite flies third plan for Nora project: Developer scales back condos, dangles Whole Foods Market

VOICES FROM THE INDUSTRY: Putting construction, engineering into laymen’s terms

BEHIND THE NEWS: Feds say exec pilfered passport, but judge isn’t convinced

Winona troubles spread: Ex-owner of closed hospital seeks bankruptcy protection, dampening creditors’ hopes

State revamps health coverage: New health savings accounts and high-deductible policies could help stem rising costs

Public markets are sometimes a double-edged sword: Many companies enjoy access to capital, but others complain regulatory compliance costs are just too high

Lathering up for a buyout?: Local hair care products biz Kenra could fetch $80 million

COLD PROSPECT?: New stadium may not overcome climate, lack of corporate clout as city vies for Super Bowl

‘Big gun’ rides into Irving case: Prominent attorney Susman won $900M from Microsoft

Were IPL earnings too big?: Secret biz plan: Execs feared state would order refunds

Women gain place at table: Increase in WBE firms seen at airport

Hip-deep in endorsements: Sony, Kraft deals help Manning reign as NFL advertising king

Winning the wallets of the ultra-wealthy: Local investment firm enters fight for lucrative market

Givers should be smart as well as generous, experts say: Do your homework before donating to any cause

NOTIONS: Four years after 9/11, freedom still resounds

Winona’s trustee seeking money, answers:

EndGenitor might hold key to repairing blood vessels: Biomedical startup researchers grow cells from umbilical cord fluid

NOTIONS: Generosity of the moment, generosity over time