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FUNNY BUSINESS: Survey says: I think I’m still in seventh grade

Goof that I am, I joined one of those social network Websites, Face Space or something, thinking it might help me get a little speaking or entertaining business. What I have gotten instead are surveys, lots and lots of surveys. And I use the term loosely. Most surveys in which I’ve participated in the past had some sort of point-usually for marketing purposes. They wanted to know what sort of dishwasher you have, which political candidate you prefer, or how…

Experts look into the future of health care: Industry panelists disagree on whether current system needs radical changes

Five local industry leaders conducted a serious debate over problems and issues facing our health care system during the most recent installment in Indianapolis Business Journal’s Power Breakfast series. The event took place at the Downtown Marriott hotel on Sept. 21 The panelists: Robert Brody, president and CEO of St. Francis Hospital & Health Centers, the Indianapolis-area’s fourth-largest hospital system. Brody has been chief executive at St. Francis since 1996. Dr. Robert Mouser, a primary care physician at Cornerstone Family…

A look from behind the wheel of one possible fix:

Perhaps the best way to describe possible changes that await I-69/I-465 commuters a decade from now is to drive the “preferred alternative” route under consideration. Just south of 96th Street, southbound I-69 traffic from Fishers would pick up an extra travel lane on what’s now a three-lane interstate. Then, just north of 82nd Street, two more lanes would appear to the right, isolated by a concrete barrier to prevent the orgy of lastminute merging that now disrupts traffic flow. Those…

VIEWPOINT: Make the most of your sabbatical

I took a career sabbatical and bought a one-way ticket to Italy. Sabbaticals are mostly once-in-alifetime events with fixed expiration dates. My head, programmed to the world of deadlines, argued, “Pick a return date. Let’s stick to a plan!” My heart, weary of that world, and yearning for the blurred edges of Mediterranean time, pleaded, “Looks like there might be some wiggle room. Let’s just get on the plane.” Tuscany is my ancestral homeland, but I had never spent more…

Need for college watchdog not-for-profit questioned

Not everyone is welcoming the launch of an Indianapolis-based not-for-profit, backed by billionaire businessmen, that aims
to curb colleges’ discretion in spending donor contributions.

Emmis’ decision to shift WIBC to FM jolts local radio

The local radio market’s biggest shake-up in more than a decade has almost every commercial station in central Indiana scrambling
to attract the thousands of listeners and millions of advertising dollars suddenly up for grabs. Emmis Communications Corp.
said Oct. 8 it will move WIBCAM 1070 programming to the FM frequency previously occupied by WNOU-FM 93.1, which it will kill.
Industry experts said the fallout will continue to rain down throughout the fourth quarter and well into 2008. “There’s lots…

Economy to be jittery, Fifth Third strategist says

The U.S. economy probably has avoided the likelihood it will slip into recession, a Fifth Third Bank strategist said today. But in 2008, investors face an uncertain environment where the fastest action will be found overseas. “In general, the fears of recession have now diminished,” Chief Investment Strategist John Augustine said this morning. “[But] it’s […]

Zimmer says SEC investigating possible corruption

Warsaw-based Zimmer Holdings Inc. disclosed in a U.S. Securities and Exchange Commission filing today that it is under investigation for potential violations of the Foreign Corrupt Practices Act in its sales of medical devices in foreign countries. The prosthetics maker did not elaborate but added that it will cooperate with the SEC investigation. Yesterday, Biomet […]

Ball State economist’s Wal-Mart book controversial

A book about Wal-Mart Stores Inc. authored by Michael Hicks, the new director at Ball State University’s Bureau of Business Research, hasn’t always been received well by people who don’t like the retail giant, Hicks told The Star Press of Muncie. Hicks, who writes a weekly column that appears in IBJ and other newspapers around […]

St. Louis firm buys majority stake in DCL Medical

Central Indiana’s fifth-largest life science firm has a new majority owner. DCL Medical Laboratories today announced that St. Louis-based private equity firm Thompson Street Capital Partners has acquired controlling interest. Terms were not disclosed. Founded in 1983 and located at 9550 Zionsville Road, DCL has 209 employees. Specializing in women’s health, DCL provides diagnostic testing, clinical […]

Finish Line bankers extend time to buy Genesco

The Finish Line Inc. said today that its lenders have extended by four months their deadline for the Indianapolis athletic shoe and clothing retailer to buy Genesco Inc. The deadline was Dec. 31; it is now April 30. Other terms of the commitment letter by UBS Loan Finance LLC and UBS Securities LLC are the […]

Biomet ensnared in corruption probe

Biomet Inc. disclosed this afternoon that it is being investigated as part of an inquiry by federal securities regulators into possible violations of the Foreign Corrupt Practices Act. The Warsaw-based maker of orthopedics products, which recently was acquired by a group of private equity firms for nearly $11 billion, provided few details. It said the […]

Lilly’s Byetta bedeviling Novo Nordisk

Many analysts are recommending that investors hold off on buying stock in Novo Nordisk because rival Eli Lilly and Co. might encounter a smash hit with a version of its Byetta diabetes treatment that would be taken only once a week. Nineteen of the 34 analysts who follow the Danish insulin maker have “hold” or […]

Chief of policy group to lead Lumina

Lumina Foundation for Education today named Jamie Merisotis as CEO of the Indianapolis-based not-for-profit. Merisotis, 43, is founding president of the Washington D.C.-based Institute for Higher Education Policy, a research and policy center. He replaces Martha Lamkin, who will retire at the end of this year. Lumina, which has $1.4 billion in assets, advocates reforms to […]

Drumroll, please: Buggs to open

Three dining options at Buggs Temple are scheduled to open Oct. 19. They include Tavern at the Temple, Buggs Grille and Cornerstone Coffee House. Staff training is scheduled to begin tomorrow and…

Indianapolis-area house sales dive in September

Pending sales of houses-those with contracts signed by not closed-plummeted 16.8 percent in September from a year earlier, according to Metropolitan Indianapolis Board of Realtors figures released today by brokerage F.C. Tucker Co. The nine-county Indianapolis area generated 1,998 pended sales, compared to the 2,402 in September 2006. Sales in Boone County fell the most, […]

Former Pearson ad exec launches media firm

Cynthia England, a former partner at the Indianapolis advertising firm Pearson McMahon Fletcher England, has started a company that plans, buys and manages advertising for client companies. The new Indianapolis company, Regarding Media and Marketing LLC, was launched with Nanci Albrecht, a former senior vice president of Cincinnati-based JA&G Advertising. JA&G has an Indianapolis office. […]

Recession unlikely, Purdue economists say

The sagging housing market is a concern, but won’t become a large enough problem to drag the economy into recession, Purdue University economists said yesterday during an annual outlook luncheon sponsored by the Lafayette-West Lafayette Chamber of Commerce. They said the nation continues to churn out more goods and services, hiring remains strong and wages […]

RadioNow brand sold, reappears on 100.9 FM

RadioNow, the rock and hip-hop format Emmis Communications Corp. abruptly pulled from WNOU-FM 93.1 on Oct. 8, has resurfaced at 100.9 FM under new ownership. Emmis announced today that it has sold the RadioNow brand, WNOU trademark and station imaging to Radio One Inc. of Lanham, Md., for an undisclosed price. The RadioNow format began […]

Kokomo toilet maker to shutter plant

Kokomo Sanitary Pottery Corp., which has manufactured toilets in the city north of Indianapolis since 1932, is closing the plant because competitors can do the job at lower cost. The decision will throw nearly 150 workers out of jobs early next year, according to the Kokomo Tribune. The workers are represented by Local 238 of […]