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Articles

SPORTS Bill Benner: Get rid of Lynch? IU has numerous reasons not to

October 20, 2008

Critics are chirping like cicadas and basically singing the same song. One, get rid of Lynch, the sooner the better. And two, spend money, lots of it, on a “big-name” coach. If only it were as simple as the knee-jerks would have you believe. Perhaps they have forgotten, but Indiana has a lame-duck athletic director, Rick Greenspan, who won’t clean out his Assembly Hall office until Dec. 31. A search committee is vetting applicants. I’m told there are exceptional candidates…

Lenders foreclose on at least 20 properties in mortgage scheme

October 20, 2008

Charter Homes recruited and paid buyers to take out inflated mortgages on dozens of central Indiana homes it built, promising to manage the properties as rentals and make payments for the owners, current and former Charter business partners say.

Naming-rights deal puts Lucas Oil in competitive position

October 20, 2008

Emboldened by the deal he signed to put his company’s name on the Indianapolis Colts’ new home, Forrest Lucas has launched
an arsenal of creative-some would say unorthodox-initiatives to fortify his growing company. Many of them are designed to
help Lucas Oil Products Inc. go head to head with the oil industry’s biggest players.

BEHIND THE NEWS: Lechleiter went toe to toe with Icahn to cut megadeal

October 20, 2008

Eli Lilly and Co. had been salivating over ImClone Systems Inc. for more than two years when, on July 25 of this year, its senior executives received a formal staff recommendation to contact the company and make an overture. So it must have come as quite a jolt to Lilly brass when, just six days later, Bristol-Myers Squibb announced that it was offering to buy the 83 percent of ImClone it didn’t already own for $60 a share, or $4.5…

Lucas: Stadium worth the cost

October 15, 2008

There have been a fair number of complaints about the new home of the Indianapolis Colts since its opening in August, from the temperature inside the stadium to traffic flow in concourses and…

Colts fans sweating it out

October 13, 2008

Lucas Oil Stadium yesterday afternoon was too hot to handle for some Indianapolis Colts fans—and even players. And I’m not talking about the action on the field.

While the Colts were getting their first…

More small businesses allowed to jump in pools: Law lets employers join together for cheaper rates

October 13, 2008

Small businesses in Indiana stung by rising health care costs now can band together to broker better deals from insurance providers. The rule from the Indiana Department of Insurance took effect in late August and is the final piece of a 2007 health care expansion state lawmakers financed with a 44-cent increase in the cigarette tax. The pooling program is open to businesses with two to 50 employees and is meant to give them strength in numbers so, in essence,…

IP law illuminates growing field for women: Increase mirrors rising number of Internet companies and inventions

October 13, 2008

But more than a century later, women are protecting more than their own assets-they’re increasingly looking out for the intellectual property of business owners large and small. One of the hottest practice groups within law firms today, intellectual property law falls into four basic areas: copyrights, trademarks, patents and publicity rights. With the exception of patent law, which requires a background in science or engineering, no specialized undergraduate degree is required. Gary Roberts, dean and the Gerald L. Bepko professor…

Mild bump expected in benefits: Despite modest rise in premiums, employers look to pass on costs

October 13, 2008

Several industry surveys predict health insurance expenses will rise at a slower pace in 2009 than in previous years. Many employers, however, are passing the added burden on to workers. Raising deductibles, copayments or out-of-pocket spending limits are the most common ways companies plan to reduce their increases. The trend of passing more of the responsibility to employees has escalated the past five years, giving rise to cheaper alternatives such as consumer-directed health plans. “The tie that binds is that…

Clearing up cloudy cases: Growing list of insurers, attorneys turn to television reporter Nicholson to shed light on weather events

October 13, 2008

If someone slips and falls in a parking lot, was it the fault of the property owner because he didn’t plow, or was the snow not deep enough in that area to prove a duty to plow? If a child darts in front of a car at dusk, were the conditions at that moment in the day enough for the driver to be able to see the child? Should the driver legally have had his or her headlights on, and…

SPORTS: Crean and Hoosiers are a story like no other

October 13, 2008

Last week, I attended a press conference that pumped the upcoming Hartford Hall of Fame Showcase at Lucas Oil Stadium Dec. 6. The Showcase will feature Indiana University versus Gonzaga University in one game, the University of Notre Dame against Ohio State University in the other. Name wise, it’s a stellar lineup befitting the occasion: the first basketball games to take place in LOS. It’s safe to predict they will be the first of many. At the very least, an…

Conner Prairie balloon ride part of 10-year strategy

October 13, 2008

Conner Prairie wants to pay homage to early aviator John Wise with a balloon ride that recalls his August
1859 trip from Lafayette at the helm of a gas-filled balloon bound for New York City with the nation’s first
air-mail delivery. An ill wind blew him Wisecourse, ending his flight in Crawfordsville, but he still earned
a place in history–and a U.S. Postal Service-issued stamp honoring his pioneering effort.

Colts goods flying off shelves

October 10, 2008

While the economic swoon is crunching professional sports teams the way Dwight Freeney smashes quarterbacks, it hasn’t yet put a dent in Indianapolis Colts merchandise sales. With a new team-owned retail store opened…

Emmis ekes out 2Q profit, beats expectations

October 10, 2008

Revenue from its overseas radio stations helped Emmis Communications Corp. post a $1.2 million profit in its second quarter following three consecutive quarterly losses.The Indianapolis radio and magazine publishing company this morning reported financial results for the period ended Aug. 31, beating analysts’ estimates but down significantly from the $11.8 million reported for the same quarter last […]

Race and the Obama vote

October 7, 2008

Yet another poll shows the contest between John McCain and Barack Obama as too close to call in Indiana.
The WISH-TV Channel 13 survey has each with 46 percent of likely voters.

With margins like this, the election could…

Time for IU to move the chains

October 6, 2008

It’s time for Indiana University leaders to make the same commitment to football they’ve made to basketball.

And I don’t want to hear any more excuses about this being a basketball state. I’d say the…

Nervous banks cut off some borrowers, tighten reins on others

October 6, 2008

Local companies that rely on credit have seen their borrowing power shrink and in some cases disappear as a deep freeze
in the nation’s credit markets drives fears of a broad economic slowdown. A handful of businesses, including
a Greenwood security firm and an Indianapolis contractor, already have shut down after credit dried up,
and others are on the ropes as troubled banks seek to limit their loan exposure.

Firm off to a FAST start: Investors backing company’s kidney assessment technology

October 6, 2008

FAST Diagnostics quickly is becoming one of the more promising companies in Indiana University’s efforts to commercialize its discoveries. Incorporated in November 2006, it is developing a method to measure kidney function faster and more accurately than existing techniques can. While FAST represents speed, the name actually stands for functional assessment and surveillance technology. The fledgling firm so far has attracted more than $4 million from investors, including $2 million from the state’s 21st Century Fund. BioCrossroads, Rose Hulman Ventures…

Commentary: Downtown reflected in shoeshine

October 6, 2008

Snake was proprietor of the shoeshine stand at Cento Shoes on South Meridian Street and, like he said, he could “make your shoes shine like new money every time.” For over 27 years, he applied his spit and polish with lively commentary on any subject you chose. He was a downtown historian and authority on the local scene. Snake suffered from a variety of ailments, but it was arthritis that finally sent him into retirement. While watching him fold that…

IU makes plans to hatch more businesses: Incubator in Bloomington hopes to duplicate success of local Emerging Technologies Center

October 6, 2008

Ground should be broken late this month or in early November, with completion expected by summer. Cost of the 40,000-square-foot facility-4,000 square feet smaller than the one here-is estimated in the $8 million to $10 million range. While it may be a bit smaller in size, the scope is broader. The new incubator will promote both life sciences companies and information technology firms. That goal differs from the mission of the existing IU Emerging Technologies Center on 10th Street, which…

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