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Ex-wife gets big chunk of tech firm: Divorce settlement doesn’t give Interactive’s Kyle Brown influential voting rights

May 22, 2006

Kyle E. Brown received 3.9 million shares, or 23.9 percent of outstanding common shares, under a property settlement approved Feb. 14 in Boone Superior Court. At recent trading prices of around $9.60, that stake would be worth about $37.4 million to Kyle Brown. That still leaves Don Brown as the largest shareholder, with 4.8 million shares, or 28.6 percent, of the business communications software company he co- founded in 1994. In recent weeks, Kyle Brown has been reducing her holdings-selling…

Suit puts One Call on hold: Firm placed in receivership as lender seeks $21 million

May 22, 2006

One Call Communications has been placed in receivership, a day after a lender for its 2002 management buyout filed a lawsuit alleging the Carmel long-distance and operator-services company owes it more than $21 million. The May 11 lawsuit in U.S. District Court in Indianapolis by Pittsburgh-based PNC Bank appears to be the knockout blow for a telecommunications firm accused by several states of violating consumer protection laws in billing and collection practices. Also looming is a proposed $1.1 million fine…

Daniels’ economic development plan calls for pricey tools: Three incentive funds would cost more than $100M

May 8, 2006

Indiana’s days of economic development on the cheap may soon be finished. Three major new business-incentive funds are on the Indiana Economic Development Corp.’s wish list, each bearing a significant price tag. The General Assembly will decide next year whether to provide the more than $100 million IEDC requests to form them. Plans for the three funds are tucked into Gov. Mitch Daniels’ comprehensive new state economic development plan, “Accelerating Growth,” released April 25. It aims to bring Hoosiers’ lagging…

Refiner enjoys oil boom: Calumet Specialty Products sees stock price take off

May 8, 2006

Indianapolis is headquarters for Little Oil-Calumet Specialty Products Partners LP. Few locally have heard of the west-side refining and petroleum products company, let alone of its Jan. 25 initial public stock offering that raised $144 million. Calumet is controlled by an equally obscure group of families that still own the bulk of company shares. Yet shares of little Calumet-sales last year of $1.3 billion-are up 40 percent since the January IPO intended to fuel acquisitions. The appreciation is partly due…

THERE OUGHT TO BE A LAW: Judge not, lest ye have to fill out more surveys

May 8, 2006

When you voted in the primary May 2, and got to the judicial candidates, did you feel just a little … oh, what’s the right word … clueless? Uninformed? Ignorant about what any of these people actually thought about anything? Now some people might have felt that way about many of the candidates. But not you. Being the well-informed voter that you are, you’d already done your homework. Researched the issues. Asked the tough questions. And so you (and maybe…

Timing is everything in the fuel-savings game: INDOT to synchronize signals in more area brake zones

May 8, 2006

State transportation engineers, having just tweaked traffic-light timing to improve flow on U.S. 31 in Carmel, next plan to target three other busy corridors in the metro area. They include U.S. 31 on the south side, between Interstate 465 and County Road 750N, and the increasingly congested stretch of State Road 37 between State Road 238 and Cumberland Road in Noblesville. The improvements to be conducted over the next several months can’t come fast enough for motorists weary of the…

Cleveland tech firm going west: Parker Hannifin falls short of employment promises, plans to leave Intech Park

May 1, 2006

A Cleveland-based technology giant plans to move its Intech Park operation next month, leaving behind some attractive office space and a broken promise to create jobs. Parker Hannifin Corp. will consolidate its Indianapolis location into a California site, spokesman Jim Cartwright said. It should empty its 30,700-square-foot offices in the park’s Intech 10 building by the end of June. The move will have no impact on Parker Hannifin’s Tell City production facility, which employs about 100 people who make industrial…

Scholar’s Inn ready to rise: Starbucks-like strategy: ‘Bread for the masses’

April 24, 2006

Scholar’s Inn bakers load delivery trucks with more than 5,000 loaves of bread each week. And each time head bread baker Jeff Duez rolls a rack of apricot almond bread out to the loading dock, he ducks his head. A 5-foot-high doorway separates the bakery’s Bloomington kitchen from the ramp where delivery trucks pull up twice daily. That’s one of the many inefficiencies co-owner Lyle Feigenbaum addressed when he purchased a 10,000-squarefoot production facility the company will fire up this…

Circle Centre’s 4th floor may drum up office tenant: Percussive Arts Society lease could spawn other deals

April 17, 2006

The Lawton, Okla.-based Percussive Arts Society might announce as early as next month that it’s moving its 12 headquarters employees into 15,000 square feet on the troubled fourth floor of Circle Centre mall, according to a source familiar with the discussion. Roughly 10,000 of those square feet would be a museum that might get bongo enthusiasts and the curious alike to stop by and check out some Thai button gongs and West African talking drums. If all goes as planned,…

Clinic can’t pull its weight: Forest Health leaves behind $11M hospital

April 17, 2006

“They’re not the most communicative people in the world, so I don’t really have a good reason, other than the fact that I think at one point they thought they had a group of doctors to operate the clinic with, and it fell through,” said Jack Hogan, a senior vice president for Indianapolis-based Lauth. Forest Health corporate attorney Marie Paratto referred questions to Laurence H. Lenz Jr., an A bariatric surgery center built for roughly $11 million a couple years…

Experts: Businesses should prep for bird flu: Vast majority of U.S. companies have not budgeted for possible pandemic, despite warnings from health officials

April 10, 2006

The much-hyped Y2K computer bug came and went without so much as a whimper from a whirring hard drive. But unlike the threat of malfunctioning computers, health experts warn that the potential danger of an avian flu pandemic is far greater. In the event of a widespread outbreak in the United States, companies large and small need to be prepared in order to keep interruptions to a minimum, they say. “I am an evangelist for having a contingency plan,” said…

Brand balances big bucks and books: NCAA chief: Boosting revenue not out of sync with education

April 3, 2006

Which of those constituent groups is most important to Brand is open to debate. Since Brand stepped down as Indiana University president to take over at the NCAA in January 2003, the association’s annual revenue has grown from $433.2 million to $521.1 million. The increase is driven largely by an 11-year, $6 billion TV contract with CBS that took effect during the 2002-2003 sports season. Under Brand’s watch, the NCAA has ushered in new sponsors, including Sirius Satellite Radio, Direct…

EYE ON THE PIE: Legislature wastes another session

March 27, 2006

The 150 men and women who make up the Indiana General Assembly have finished their annual freak show, folded their tents, and departed from Indianapolis. In their wake, they left some truly terrible legislation and another record of neglect for the interests of Indiana’s too-long-suffering population. What was wrong with this session of the General Assembly? Your local editor will not grant me the space to be either sufficiently complete or detailed. Let’s start with the governor’s Major Moves program….

INVESTING: Energy stocks had their run, but they may storm back

March 20, 2006

People don’t seem to spend as much time talking about high oil costs today as they did a year ago. Perhaps we’ve gotten used to them. Maybe the negative effects will be felt later. But one thing seems obvious: Energy stocks have recorded at least a short-term top. Let’s see what happens next. The incredible rise in oil over the last three years has turned up the volume in the debate over solutions. Washington passed an energy bill last summer,…

EYE ON THE PIE: Major Moves elicits childish behavior

March 6, 2006

There are issues in Indiana other than the toll-road lease and building Interstate 69. Yet some people in the Legislature refuse to relinquish their roles as reactionaries. Example: Out of their minds with xenophobia (the fear of foreigners) the House insisted that toll booths display American flags. Why not require that all BP (British Petroleum) gas stations fly the American flag? How about giving a loyalty test to Mittal Steel, which owns a big chunk of assets in northwestern Indiana?…

Bulls of the Fairways:

March 6, 2006

David Simon and Alan Cohen are outstanding golfers, among the best of all Indianapolis businessmen. The CEOs of Simon Property Group Inc. and Finish Line Inc. share something else in common: Their companies are top performers, with their stock prices more than dou-Professor sees link between golf scores, biz success bling in a little more than three years. Coincidence? Not according to Dan Dalton, golf aficionado and former dean of Indiana University’s Kelley School of Business. “Business is like match…

Buckingham makes big plans for Carmel: Developer awaits OK on 116-acre urbanist development

February 20, 2006

The makeover of midtown Carmel, driven by the ambitious City Center master plan, could get a boost from a nearby development that could rival the project in scope. Local real-estate developer Buckingham Properties will present its proposal to the Carmel Plan Commission Feb. 21 to transform the 1960s-era Mohawk Hills apartment complex and its golf course into a modern urbanist neighborhood. The development, called Gramercy, could take a decade and hundreds of millions of dollars to complete. The 116-acre tract…

Hospitals battle for bone biz: St. Vincent’s ortho upgrade ups ante in lucrative niche

February 20, 2006

St. Vincent Health is spending $9 million to capture more of the city’s lucrative market for orthopedic care, a specialty that could trigger a new arms race among local hospitals. The Catholic hospital network is reworking existing space at its 86th Street campus to create a 61-bed St. Vincent Orthopedic Center that will open in July. The new center aims to consolidate care in one location and raise the quality bar to new heights. “We think we’re creating something that…

New FBI facility: tough case to crack: Government struggling to find site to build field office for bureau

February 20, 2006

The highly-sought-after job of developing a new building for the FBI’s Indianapolis field office is still in play, but it’s hampered by the federal government’s inability to find a site for the building. A bevy of local and national developers are expected to throw their hats in the ring to develop the building, which the Government Services Agency says needs to be 110,000 square feet. For the winner, it would be a high-profile project and one of the more significant…

BEHIND THE NEWS: Consumer spending spree gives spark to Simon stock

February 13, 2006

It’s becoming almost ho-hum for Simon Property Group Inc. Another year, another round of eye-popping returns for the company’s shareholders. The Indianapolis-based mall owner, by far the nation’s biggest real estate investment trust, just closed the book on 2005, a year when funds from operations-a key measure of REIT performance-zipped up another 13 percent. Simon shares last year rose 18 percent. Including reinvested dividends, the stock in 2005 returned 23 percent. It was the fifth year in a row the…

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Articles

Ex-wife gets big chunk of tech firm: Divorce settlement doesn’t give Interactive’s Kyle Brown influential voting rights

Suit puts One Call on hold: Firm placed in receivership as lender seeks $21 million

Daniels’ economic development plan calls for pricey tools: Three incentive funds would cost more than $100M

Refiner enjoys oil boom: Calumet Specialty Products sees stock price take off

THERE OUGHT TO BE A LAW: Judge not, lest ye have to fill out more surveys

Timing is everything in the fuel-savings game: INDOT to synchronize signals in more area brake zones

Cleveland tech firm going west: Parker Hannifin falls short of employment promises, plans to leave Intech Park

Scholar’s Inn ready to rise: Starbucks-like strategy: ‘Bread for the masses’

Circle Centre’s 4th floor may drum up office tenant: Percussive Arts Society lease could spawn other deals

Clinic can’t pull its weight: Forest Health leaves behind $11M hospital

Experts: Businesses should prep for bird flu: Vast majority of U.S. companies have not budgeted for possible pandemic, despite warnings from health officials

Brand balances big bucks and books: NCAA chief: Boosting revenue not out of sync with education

EYE ON THE PIE: Legislature wastes another session

INVESTING: Energy stocks had their run, but they may storm back

EYE ON THE PIE: Major Moves elicits childish behavior

Bulls of the Fairways:

Buckingham makes big plans for Carmel: Developer awaits OK on 116-acre urbanist development

Hospitals battle for bone biz: St. Vincent’s ortho upgrade ups ante in lucrative niche

New FBI facility: tough case to crack: Government struggling to find site to build field office for bureau

BEHIND THE NEWS: Consumer spending spree gives spark to Simon stock