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Articles

Eye research could spawn biotech product: Cornea Research Foundation aims to reduce global shortage of corneal transplants

December 17, 2007

Peering into a high-powered microscope in cramped, shared lab space at Indiana University Medical Center, Dr. Juan Carlos Grandin is trying to see a solution to a worldwide problem: a shortage of corneas available for transplants. If he’s successful, Grandin’s work could one day lead to a new biotech product for an Indianapolis company. Officials from Indianapolis-based EndGenitor are watching the project but currently have no stake in it. At the very least, Grandin’s work provides a bit of prestige…

Malls are ‘soft targets’ for terrorism, experts say: Risks aren’t scaring away holiday shoppers

December 17, 2007

The deadly shooting spree at a Nebraska mall this month highlighted a challenge confronting Simon Property Group Inc. and other shopping center operators: how to protect their properties from violent acts, or even terrorism, while also leaving them welcoming to shoppers. Most retail real estate owners have ramped up security since the 9/11 terrorist attacks, though experts say shopping centers, like schools, remain “soft targets” for terrorism. “Shopping center owners have been very concerned about security for their patrons for…

Logistics advocacy group Conexus gears up for statewide pitch

December 17, 2007

Carol D’Amico, president and CEO of the newly formed industry advocacy group Conexus Indiana, is intent on boosting the visibility
and growth of the logistics industry. Large though it is, it’s also relatively ambiguous and sits in the shadow of the state’s
much-vaunted life sciences industry.

Colts announce final gate sponsor for new stadium

December 17, 2007

A day after the team clinched its division championship on the field, the Indianapolis Colts front office scored its final gate sponsor for the new Lucas Oil Stadium. The Colts today announced a multi-year deal to make Sprint the stadium’s east gate sponsor. Though terms of the deal were not revealed, Colts officials told IBJ […]

Emmis acquires Bulgarian radio property

December 17, 2007

Indianapolis-based Emmis Communications Corp. today announced it has acquired Inforadio, a national radio chain broadcasting in 13 Bulgarian cities.Balkan Broadcasting EAD, an Emmis subsidiary, purchased 100 percent of the stations’ parent company, Infopress & Company OOD, a Bulgarian limited liability company. The transaction is complete, and regulatory approval has been granted. Financial terms of the […]

First Indiana shareholders OK acquisition

December 19, 2007

Cory Schouten First Indiana Corp. shareholders today approved the local bank’s sale to Milwaukee-based Marshall & Ilsley Corp., a deal First Indiana directors OK’d in July. The $529 million merger is expected to close in January. At the meeting at First Indiana Plaza, First Indiana patriarch Bob McKinney and his daughter, Marni, who chairs the […]

SPORTS: This is all I want for Christmas-seriously, folks

December 24, 2007

All I want for Christmas is my two front teeth … if, perhaps, I were a member of the Indiana Ice. Who are playing pretty well, by the way. But there are other things in the realm of sports I would include on my list. All I want for Christmas is for those cheatin’ dog New England Patriots to have their comeuppance. Preferably from the Indianapolis Colts. In Gillette Stadium. In a driving snowstorm. In the AFC Championship. All I…

Union push under way at 2 Indianapolis hotels: They would be first to unionize in central Indiana

December 24, 2007

Employees at two Indianapolis hotels have begun a push to unionize-a move that, if successful, would make the properties the only union hotels in central Indiana. Several workers at the downtown Westin and the Keystone Sheraton have met with representatives of New York-based Unite Here, a labor group that represents about 440,000 hospitality and textile employees nationwide. Both hotels are part of Bethesda, Md.-based Host Hotels & Resorts Inc.’s global portfolio. Backers said a union is needed to raise wages…

Buyout firm lands $202M infusion

December 24, 2007

Locally based Hammond Kennedy Whitney & Co. closed on $202 million in new capital this month, doubling its size. Its resources
have increased, but HKW’s investment philosophy is unchanged. It continues to buy small and midsize specialty manufacturing
companies, infuse them with cash and management expertise, then patiently wait for them to grow.

Cumulus is keeping format change a secret: Emmis and Radio One continue transitions

December 24, 2007

Several central Indiana radio stations will ring in 2008 with new formats and on-air talent, and new marketing campaigns bellowing the changes to listeners and advertisers. One station is keeping its plans secret, fearful of an industry domino effect if its strategy leaks out. There’s plenty at stake. Listener ratings for the first quarter of 2008 will be watched closely, local media buyers said, and could affect spending later in the year. A t l a n t a -…

New Lilly CEO called analytical, ‘incredibly warm’

December 24, 2007

John C. Lechleiter, whom Eli Lilly and Co.’s board voted to replace Sidney Taurel as CEO, is known for getting things done
and yet also for being good at analysis and relating to people under him. Taurel will step down at the end of March but remain
chairman until the end of 2008.

New steam plant could propel Speedway revival

December 31, 2007

A unit of Citizens Gas proposes building a natural-gas-fueled steam plant in Speedway to serve large employers in the town
of 12,800.

For city politics, back to the future: GOP returns without guarantees

December 31, 2007

The Republican party dominated city government here in the 1970s, ’80s and ’90s, and for much of that time it was assumed that the party’s lock on city hall was tamper-proof. Voters proved that theory wrong in 1999. Whether it was changing demographics or the fatigue that sets in when one party rules for too long, the public turned the mayor’s office over to Democrat Bart Peterson. Four years later, Peterson easily won re-election and the Democrats won the City-County…

SPORTS: An open letter to Greg, er Hizzoner, Mayor Ballard:

December 31, 2007

Well, the day is here when you finally get the keys to the offices on the 25th floor of the City-County Building. Congratulations. I knew you had the election in the bag all the way. Yeah, right. Anyway, I’ve noticed you have formed a number of transition teams to bring you up to speed on the various forms and functions of citycounty government. Folks way smarter than I have provided reams of information that will provide you a road map…

Rash of deals saves Gazelle venture-capital fund

January 7, 2008

Back in 1999, investors in Gazelle TechVentures expected a sprint to spectacular profits. Instead, they got a marathon slog.
According to Gazelle Chairman and largest investor Scott Jones, it was like training for a race on a sunny day, then running
it through a blizzard.

Colts’ suite holders devise ways to maximize boxes’ value

January 7, 2008

In a meeting that had more X’s and O’s than Indianapolis Colts Coach Tony Dungy’s game-day war room, FedEx District Sales
Manager Doug Knowles and his lieutenants decided which clients and prospective clients would be invited to the FedEx suite
which game, which FedEx employees would accompany them, and what ancillary activities would be planned.

Commentary: Good luck to Mayor Ballard

January 7, 2008

Mayor Greg Ballard has less than a week under his belt of taking on a city that is both on a roll and full of challenges. It’s an exciting time to be mayor. An unknown commodity, Ballard has some big shoes to fill with little experience in government to help him out. (Note to self: That’s not necessarily a bad thing.) Indianapolis has been blessed with strong leadership for the last 40 years, beginning in 1968 with Republican Richard Lugar,…

SPORTS: Time for IU fans to memorialize Hep, then move on

January 7, 2008

The spirit of the dearly departed Terry Hoeppner, if not his presence, was palpable during the New Year’s Eve Insight Bowl at Tempe, Ariz. Those footballshaped “Hep” buttons were ubiquitous. The phrases “Play 13” and “Don’t Quit” could be heard repeatedly. At a pre-game pep rally in a Tempe park, thousands of IU faithful gathered so the Indiana football team could honor Hep’s tradition of The Walk. IU’s new president, Michael McRobbie, led the players and coaches through the back-slapping,…

Convention Center President Bob Bedell to retire

January 7, 2008

Bob Bedell worked behind the scenes for months–if not years–to make the case for expanding the Indiana Convention Center
and building a 1,000-room hotel nearby. But someone else will have to fill both venues with visitors. The 60-year-old Indianapolis
Convention & Visitors Association president has said he’ll retire at the end of June.

Hamlisch and show music matters

January 11, 2008

Appreciative applause met Marvin Hamlisch when, just a few hours ago, he announced from the podium at the Hilbert Circle Theatre that he’d be conducting a medley of songs from “My Fair Lady” as part of his pops program with…

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