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PAN founder focuses on another IT venture: BubbleUp aims to standardize musicians’ Web sites

September 11, 2006

It didn’t take David Pfenninger long to get back into the game. Just months after selling Carmel-based Internet-test provider Performance Assessment Network Inc. in April for $75 million to St. Louis-based TALX Corp., Pfenninger is betting on another Internet venture: an online music marketing and management startup called BubbleUp. Pfenninger initially remained part of PAN’s local management team after the acquisition, but stepped down this summer, retaining a role as a consultant. “I thought it was time to make a…

Cleanup of contamination in store for new Claus site: Sausage shop owner redeveloping brownfield property

September 4, 2006

It’s 2:30 p.m. on a Tuesday and a steady stream of customers continues to patronize Claus’ German Sausage and Meat Market on East South Street. By March, however, the butcher shop likely will have abandoned its longtime home for a new building on South Shelby Street in Fountain Square. Whether its loyal clientele will follow concerns owner Claus Muth, who purchased the store from relative Gerhard Klemm in 2003 and changed the name from Klemm’s in April. “Since [the new…

Young architect honored for design of orphanage: Cluster complex plan wins international competition

September 4, 2006

Chunsheh Teo is a driven man. The 28-year-old sometimes works long days as an architectural graduate at Ratio Architects Inc. and spends his off time building furniture for the home he and his wife recently purchased in Irvington. On a recent weekend, he built a new fence for the yard. Oh, and he also enters international design competitions in his down time-about seven in the last three years. “It’s just kind of a fun thing to do,” Teo said. At…

Lilly decides to self-insure for product liability

September 4, 2006

Eli Lilly and Co. has picked an insurer it knows extremely well to cover future problems in the high-stakes world of product liability litigation–itself. The Indianapolis drugmaker opted for self-insurance after struggling to find coverage in what it terms a “very restrictive insurance market.”

156-year-old Clabber Girl rolls out new products

September 4, 2006

The 156-year-old Terre Haute company that quietly churned out nothing but its trademark baking powder for more than a century is now serving notice to General Mills’ Bisquick and other well-known brands that the status quo is dead.

BULLS & BEARS: Move over, value stocks; it’s time for growth to shine

September 4, 2006

A comic named Irwin Corey, who calls himself the Professor, once said, “If we don’t change direction soon, we’ll end up where we’re going.” You had better open up your statement and listen to the Professor, because where your stocks are going might not be where you want to end up. If you have a big position in a value stock, or value mutual fund, it’s time to make some changes. It’s time to increase your exposure to good, old…

Former Mays exec grows business of his own: Thompson gains notice in local construction industry

September 4, 2006

If it weren’t for an article that appeared in The Wall Street Journal more than 20 years ago, John Thompson likely would have never come to Indianapolis and ultimately start his plumbing and electrical supply distributorships. Thompson, 52, launched Thompson Distribution Co. Inc. in 2001 after purchasing the old Mutual Pipe & Supply company in the 2200 block of North College Avenue. Two years later, he founded First Electric Supply Co. Inc. at the same location. Mutual brought in $1…

Top Conseco executives opt to live in Chicago

August 28, 2006

Jim Prieur makes a great choice for Conseco Inc. CEO, analysts say. But whether his hiring bodes well for the company’s Carmel headquarters is a different question. Conseco Chairman Glenn Hilliard said last week that Prieur will live in Chicago when he joins the company next month.

Database to offer new health stats:

August 28, 2006

WellPoint Inc. is helping to launch Blue Health Intelligence, a resource it bills as the largest private database of health care information. The Indianapolis-based insurer is providing data culled from 14 insurance units-including Anthem Blue Cross and Blue Shield in Indiana-to a claims database of 79 million people. That database then will provide “the most detailed view available of health care trends, best practices and comparative costs,” according to a statement from the company. The data collection, which will contain…

IEDC shelves proposal to copy Ohio initiative: Program matches promising startups with capital

August 28, 2006

An Ohio program launched in 2003 to urge development of extremely earlystage companies has already spurred investments worth $239 million in 68 Buckeye startups. Venture capitalists would like to duplicate the program here. But their proposal has been languishing at the Indiana Economic Development Corp. for a month. “We have the application. We haven’t done anything with it,” said IEDC Director of Small Business and Entrepreneurship Bruce Kidd. “This is a classic steeple chase. You’ve got lots of hurdles to…

MARKETING: Are you in a position to hear your customers?

August 28, 2006

Our family’s license plate renewal tags have always arrived by the deadline date each year, but this year the end of the month rolled around and our five cars still carried last year’s stickers. It dawned on us that we’d all be driving illegally. Our son drove to the Bureau of Motor Vehicles office nearest his home to see if he could get his two tags. My husband and I both had client appointments to which we had to drive….

Lazy Daze Coffee House: Coffeehouse brews niche market for itself Independent shop welcomes competition, even from industry giants like Starbucks

August 21, 2006

You might call Lazy Daze Coffee House the “Cheers” of Irvington. This is a place where everyone does know your name-and what kind of coffee you drink. Lazy Daze is the brainchild of Jeff Coppinger, a 34-year-old Howe High School graduate who returned home after serving in the U.S. Navy. He’s working on a major in political science and a minor in philosophy at IUPUI, a good foundation for creating a coffeehouse that “crafts the art of conversation,” as he…

Political upstart unloads auto dealership

August 21, 2006

Eric Dickerson, the Republican trying to unseat Julia Carson in the 7th congressional District, plans to sell his north-side Buick dealership to Ed Martin Automotive Group as early as next month. But the dealership could become a campaign liability even if it’s sold.

RETURN ON TECHNOLOGY: Programmers make lousy site designers

August 21, 2006

Many, perhaps most, Web sites are hard to use. That applies to commercial sites, personal sites, almost any kind of site. In the early days of the Web, nobody was surprised at this, because the Web was a dancing bear. The wonder wasn’t that it danced gracefully, but that it danced at all. Today, visitors are much more discerning. In fact, there is a cottage industry in lambasting poorly designed sites. One of my favorite places to go on the…

Investors calling for big changes at Emmis: Smulyan remains bullish on company’s prospects

August 21, 2006

In the last year, Emmis Communications Corp. Chairman Jeff Smulyan has led efforts to sell his company’s television stations, change radio formats, reduce debt and take the company private. He even proposed using company funds to buy a Major League Baseball franchise. Now, after his recently failed attempt to buy the Indianapolis company, many Wall Street analysts and investors are wondering what Smulyan might do next. Some industry experts believe the only way for Smulyan to do what’s best for…

BEHIND THE NEWS:

August 14, 2006

In the 1980s, Jim Massey was one of Indianapolis’ top bankers. Now, he finds himself in bankruptcy court, the latest former Conseco Inc. director to fall victim to the company’s hardball loan-collection tactics. The Carmel-based insurer last month filed an involuntary bankruptcy petition for Massey, 71, the former president of Merchants National Bank. “It is just another forum to try to bring an expeditious conclusion to the problem,” said Reed Oslan, a partner with the Chicago law firm Kirkland &…

Hopefuls target E. 10th for rebirth: Community group sees hope in small projects

August 14, 2006

Within 10 years, Tammi Hughes hopes to drive by budding local stores that offer furniture, arts and antiques on her way to work. She’d like to stop in at a local coffeehouse or grab a paper at an eclectic corner bookstore. That’s the vision for Hughes and a group of people working on spurring a turnaround for a commercial corridor on East 10th Street that stretches from just west of Rural Street to just west of Sherman Drive. Right now,…

Jones’ ChaCha IT firm to have human touch

August 14, 2006

For the last eight months, Indiana’s resident high-tech guru has been quietly developing a new IT firm. Few details have been leaked to the public. But in September, a national media blitz will announce the launch of ChaCha Search Inc., Jones’ new human-assisted Internet search engine.

ECONOMIC ANALYSIS: Politics sometimes fuels destructive public policy

August 14, 2006

If you called someone a royalist these days, you’d probably just get a blank stare. But 200 years ago, you would have started a heated discussion and perhaps even a deadly duel. The accusation was often leveled toward those who managed the economy in those days, perhaps for good reason. Then, as now, bankers, financiers and the other moguls trusted with responsibility for national money matters were not always a democratic lot. While politically incorrect then as well as now,…

Credit union ordered to pay ex-executive $3.4M

August 14, 2006

A Marion County judge has ordered an Indianapolis credit union to pay its former CEO $3.4 million, saying it wrongly froze the executive’s accounts after accusing him of financial improprieties three years ago.

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People

David Bordenkecher

Articles

PAN founder focuses on another IT venture: BubbleUp aims to standardize musicians’ Web sites

Cleanup of contamination in store for new Claus site: Sausage shop owner redeveloping brownfield property

Young architect honored for design of orphanage: Cluster complex plan wins international competition

Lilly decides to self-insure for product liability

156-year-old Clabber Girl rolls out new products

BULLS & BEARS: Move over, value stocks; it’s time for growth to shine

Former Mays exec grows business of his own: Thompson gains notice in local construction industry

Top Conseco executives opt to live in Chicago

Database to offer new health stats:

IEDC shelves proposal to copy Ohio initiative: Program matches promising startups with capital

MARKETING: Are you in a position to hear your customers?

Lazy Daze Coffee House: Coffeehouse brews niche market for itself Independent shop welcomes competition, even from industry giants like Starbucks

Political upstart unloads auto dealership

RETURN ON TECHNOLOGY: Programmers make lousy site designers

Investors calling for big changes at Emmis: Smulyan remains bullish on company’s prospects

BEHIND THE NEWS:

Hopefuls target E. 10th for rebirth: Community group sees hope in small projects

Jones’ ChaCha IT firm to have human touch

ECONOMIC ANALYSIS: Politics sometimes fuels destructive public policy

Credit union ordered to pay ex-executive $3.4M