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    David Bordenkecher

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Articles

New Image Fine Clothing Inc.: Clothier looking for the right fit After four years as a sideline, business becomes full-time job

September 10, 2007

Growing up in Detroit, Andrew T. Porter had an early education in men’s fashion. The son of a minister, he recalls admiring the Sunday best of his father and members of the congregation. In his neighborhood, “there was a clothing store on every corner,” Porter said. “I always had an eye for putting things together. It came naturally to me.” Porter remained a student of fashion, even though he worked in manufacturing. When a friend who owned a Detroit clothing…

BREAKING: M-Plan drops employer HMO benefits

September 7, 2007

 M-Plan Inc., central Indiana’s largest health maintenance organization, will phase out its HMO coverage for employers and is referring its clients to Anthem Blue Cross and Blue Shield. Anthem’s parent company, Indianapolis-based WellPoint Inc., made the announcement this morning. It said M-Plan covers 125,000 customers through its commercial HMO. A press release said that M-Plan […]

BREAKING: M-Plan drops employer HMO benefits

September 7, 2007

M-Plan Inc., central Indiana’s largest health maintenance organization, will phase out its HMO coverage for employers and is referring its clients to Anthem Blue Cross and Blue Shield. Anthem’s parent company, Indianapolis-based WellPoint Inc., made the announcement this morning. It said M-Plan covers 125,000 customers through its commercial HMO. A press release said that M-Plan […]

SURF THIS: Selling Bonds online-the baseball kind, anyway

September 3, 2007

Would you sell a piece of history? Let’s just say, for the purposes of this discussion, that you were in possession of a piece of history with a generally healthy market value-an 1884 Carson City $20 gold coin, for example. written notes from the Gettysburg Address. Or, say, the baseball that Barry Bonds hit to break Hank Aaron’s homerun record. Would you sell it? I wondered about this recently when I read that Matt Murphy, the fan who caught the…

Steam plant ups reliance on coal

September 3, 2007

Citizens Gas & Coke Utility shuttered its coke manufacturing plant earlier this summer, much to the relief of neighbors and
health officials who warned that its benzene emissions were a cancer threat. But regulatory filings show closing the plant
at Keystone Avenue and Prospect Street could result in more pollution downtown.

RETURN ON TECHNOLOGY: What gossip is the Web spreading about you?

September 3, 2007

In 2003, Barbra Streisand sued photographer Kenneth Adelman to try to force him to remove an aerial photo of her beachfront house from a public photo collection Adelman said was chronicling beach erosion in California. Suddenly, an obscure house on a shoreline jammed with rich people’s homes was highlighted all over the Web, along with the story of how Streisand was leaning on Adelman. Her attempt at intimidation detonated right under her manicured fingernails. Streisand lost three ways. Her $50…

Conrad owners tussle with project architect: Lawsuit alleges firms are owed more than $850,000 for work on $100 million downtown luxury hotel

September 3, 2007

The cranes and contractors have been gone from the site of the Conrad Indianapolis for about 18 months. But wrangling over the project continues in court. The private owners of the $100 million project are quarreling with prominent local architects Browning Day Mullins Dierdorf and New York-based engineering firm Cosentini Associates over how much they’re owed for their work. Both Browning and Cosentini have filed liens: Browning says it is owed $764,000; Cosentini claims $91,000. The owners say in a…

Ex-banker creates empire by buying, boosting sleepy businesses

September 3, 2007

Riverside Manufacturing was a sleepy New Castle firm with $5 million in sales when Fred Merritt bought it to try his hand
at running a company. Five years later, Riverside’s sales have grown a whopping 800 percent, it dominates its industry, and
Merritt, 39, is ready to work his magic on an Indianapolis company.

Displaced older workers abandon hopes of landing similar work

September 3, 2007

A growing percentage of men and women nationwide are reaching a career crossroads at a time when most would hope to have it
made. Almost a quarter of the 3.8 million Americans displaced from their jobs from 2003-2005 were 55 or older, according to
the U.S. Bureau of Labor Statistics, up from 21 percent in the prior three years.

Charity alliances in United Way’s shadow seek their share

August 27, 2007

Once a year, the CEO implores employees to sign pledge cards to the United Way. Local health and human services agencies that
benefit wait to redeem your tax-deductible gift. But others are preaching there’s another path to charitable-giving heaven.
Lesser-known federations continue to nip at the heels of the United Way establishment in the workplace.

INVESTING Tumult in credit markets can create opportunities:

August 27, 2007

The upheaval in the credit markets has cast doubt on whether the long list of the acquisitions announced months ago will be completed. Some of these deals will blow up, but there also is opportunity for investors who are able to weigh the probabilities a deal will be completed. The spread between the current market price and takeover price on many of the deals in the works offers potential arbitrage profits. An example of a deal that has a low…

New high school puts focus on workplace: Cristo Rey gives students taste of real employment

August 27, 2007

Terry Majors wants to make a name for himself in the business community, and he’s confident he’s well on his way to being successful. Making eye contact, he shakes hands firmly and confidently. He’s dressed neatly and professionally in a white, buttondown shirt and tie. His shoes are well-polished. He speaks in a friendly, yet authoritative, voice about a new job he will soon start. “It’s all about choices,” he says philosophically of life, as if he’s been making choices…

United Way seeks corporate help to promote reading: Fourth-grade program tries to attract 500 volunteers

August 27, 2007

Wanted: Corporate types willing to give an hour of time a week to a cause that is as critical as any business decision ever made. Must be willing to work with children. If interested, contact the United Way of Central Indiana. Intrigued? Then you might be a candidate for the ReadUP program, which aims to help fourth-graders within the Indianapolis Public Schools system become better readers. The ultimate goal is to produce more high school graduates for a district in…

WellPoint renews big California contract

August 24, 2007

Indianapolis-based WellPoint Inc. has received a three-year contract to administer medical claims for the California Public Employees Retirement System, according to Bloomberg. CalPERS, which buys health insurance for 1.2 million people, is one of the nation’s largest buyers of health benefits. WellPoint subsidiary Blue Cross of California has had the contract for eight years. UnitedHealth […]

Hansen & Horn sidesteps housing carnage

August 23, 2007

Hansen & Horn Group Inc. is sailing through the slump in housing construction relatively unscathed because it began shifting out of the tract-home market about four years ago-while the industry still was going gangbusters. The local builder had operated in the upper end of the tract-home segment, but feared it couldn’t continue competing with giants […]

After 16 months, storm repairs wrapping up

August 20, 2007

It’s taken contractors 16 months, but repairs to thousands of central Indiana houses and cars following storms in March and April of last year finally are winding down. Marc Fairchild, vice president of claims at Indiana Farmers Mutual Insurance Co. in Carmel, said only 10 of the 4,330 claims his firm logged remain open. “It […]

Nurse shortage feeds online-training startup

August 20, 2007

By the year 2020, the United States is expected to face a nationwide shortage of at least 1 million nurses. Fishers-based
Orbis Education Services Inc. CEO Dan Briggs sees a potential profit center. Founded in 2003, IT startup Orbis aims to provide
the link between universities and hospitals for online delivery of nursing courses.

Power broker Miles calling shots again in city

August 20, 2007

In the less than two years since Mark Miles, 53, took over the CEO-driven Central Indiana Corporate Partnership in 2006, he’s
transformed it into an economic development powerhouse for life sciences, information technology and advanced manufacturing.
How so fast? He started networking with Indiana’s political heavyweights more than 30 years ago. And he never stopped.

SPORTS: Plenty to chew on for sports fans of every stripe

August 20, 2007

You leave town for a little vacation, but that doesn’t mean the world of sports is going to stop spitting out news. Therefore, thoughts about this, that and the other while I was away: News item: Barry Bonds breaks Henry Aaron’s home run record. Thought: Yawn. I ceased to care long ago. Major League Baseball has gotten what it deserved for ignoring the steroid issue for so long. News item: Tiger Woods wins his fourth PGA Championship, his second in…

Rolls-Royce lands $269M Air Force contract

August 16, 2007

The U.S. Air Force Research Laboratory has awarded Rolls-Royce Corp. a contract valued at upward of $296 million to develop jet engines for a variety of military airplanes. General Electric was awarded a similar contract after a competition that fielded several proposals. The Air Force’s Adaptive Versatile Engine Technology program aims to develop engines that […]

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