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Second-quarter earnings increased 8 percent, to $846,662, on across-the-board strength, Indianapolis-based First Internet Bancorp reported today. Profit for the year through June 30 was up 18 percent for the parent of First Internet Bank of Indiana. Ongoing integration of First Internet’s $12 purchase of Landmark Financial Corp. will continue to produce efficiencies, First Internet CEO […]
Billionaire investor Warren Buffett in recent years has wanted to make a massive acquisition but held back, he said, because private equity funds were bidding up prices. Now, with shares of companies like Indianapolis-based WellPoint Inc. dropping and private equity firms pulling in reins due to rising financing costs, the Berkshire Hathaway Inc. chairman finally […]
The last full week of July turned out to be exciting for the stock market. Not long after the Dow Jones industrial average topped 14,000, a solid correction came flying in. The speed and power of the pullback deserve some respect, but so does the tenet of perspective. If it wasn’t already, it now is probably apparent why I have been harping all year that you should concentrate investments in energy, industrials, materials and select technology. The market suffered through…
Local hospitality firm’s early work with Lilly helped it carve out a major niche in the pharmaceutical market.
Will a new president and the next Congress finally take meaningful action to address the financial storm looming for health care? Perhaps. In the meantime, the pressures created by rising health care costs have been too strong for everyone else to wait. Businesses have been adapting to rising premiums for employer-provided coverage in predictable ways. And beginning with Massachusetts, states are responding to rising Medicaid costs by crafting solutions of their own. But much of the solution, whatever shape that…
There are two books I want to call to your attention. They are both written by Hoosiers and are both vitally important to Indiana at this time. But this column, again, must be about property taxes because that is the compelling issue of the day. One book is “I Never Worked a Day in My Life,” by Bill Haeberle, the retired IU business professor who has started and aided hundreds of businesses. The other is “Performance is the Best Politics,”…
Dealer Services Corp. is an example of what happens when an entrepreneur sells his company to a bigger one and then comes
back to haunt it after he is tossed aside. In this case, the spurned entrepreneur, John Fuller, became a thorn to Adesa Inc.
a few years after its CEO sent him packing in late 2001.
With the gospel of global warming raising the call for “green-ness” to a near-hysterical pitch, there’s a growing sense that
creating an earth-friendly image will bring companies a strategic advantage. Yet the contradictions between what companies
do day in and day out and what they do to improve the environment can create a marketing minefield.
Now that this year’s Brickyard 400 is behind us, the Indianapolis Motor Speedway is making major capital investments that will lay the groundwork for another new era at the Brickyard. To the tune of several million dollars, crews are now preparing to repave the track and alter the former F-1 course for the introduction of motorcycles in September 2008. These are the latest improvements in a string of many over the last dozen years that have paid off for both…
At a time when many print publishers are wringing their hands at the prospect of losing readers to the Internet, Emmis Communications Corp. is experiencing surprising growth in its magazine division. With the acquisition of Orange Coast last month, Emmis owns seven city-based magazines and one nationally distributed magazine. And the publishing division, with 406 of Emmis’ 1,300 employees, is the company’s fastest-growing. “City magazines like the ones Emmis has are doing quite well,” said Abe Peck, chairman of journalism…
The Indianapolis Convention and Visitors Association hopes to soften the blow from the loss of two national trade shows with a campaign persuading Hoosier companies to choose the city for events and meetings. ICVA officials plan to launch the loosely dubbed “Bring it Home” effort Sept. 1 with a letter to corporate executives that expounds the virtues of Indianapolis. The aim is to bring business to the hospitality community during what is expected to be a slow time the next…
A team inside WellPoint Inc. that created a successful product for the 20-somethings is hard at work trying to create a similar
winner among Hispanics. A roughly 25-person team has researched Hispanics for two years and now is using its findings to establish
a separate brand name, a new Web site and grass-roots techniques to reach Hispanics.
For many people, the sign of a good musical is that you leave the theater humming the songs. But what are we to make of the recent onslaught of shows where you hum the songs going in? These “jukebox musicals” raid the song catalogues of singers, composers or bands (The Beach Boys, Bob Dylan, Billy Joel, et al.) to cobble together a score. While the practice of creating a musical out of preexisting songs goes back through music and film…
Pauline Moffat, executive director of the Indianapolis Theatre Fringe Festival, expects a big turnout for this year’s two-week salute to alternative stage productions. The event takes over the Massachusetts Avenue Arts District Aug. 24 to Sept. 2, offering 228 individual performances staged by 40 theatrical troupes and presented at five different venues, including Theatre on the Square, The Phoenix Theatre and American Cabaret Theatre. Moffat hopes this season will bring a third year of attendance growth and take the event…
The high-stakes competition for control of Indiana Downs has entered the homestretch. And South Bend-based Oliver Racing LLC
is poised to win.
Local startup My Health Care Manager has found a faster way to get its elder-care message out. It has persuaded five local employers to direct their workers to My Health Care Manager if they need help finding and coordinating care for one of their aging parents. As of Aug. 1, law firms Barnes & Thornburg, Ice Miller and Hall Render Killian Heath & Lyman, accounting firm Katz Sapper & Miller and the Indianapolis office of the Publicis advertising firm all…
The Indianapolis Colts are back at it, and with their arrival in Terre Haute (which is French for “terribly hot”) comes the first round of predictions. Will they or won’t they back up their Super Bowl championship? Hey, we’ll all find out in the dead of winter, not the heat of summer … how’s that for not being either bold or profound? But words in the first week of August are just so much blah, blah, blah. So, too, as…
To make money on new software, sometimes you have to give it away. Thanks to that counterintuitive approach, tiny local IT startup Vyante Inc. has persuaded companies like Eli Lilly and Co., Roche Diagnostics, Dow Agro-Sciences and 5MetaCom to test the beta version of its new software, which tracks and measures the impact of their brands online. Vyante hopes eventually to convert the companies into paying customers. “We’ve persisted against the odds,” said Vyante Senior Technologist Benjamin Ranck. “It was…
Many of you who read this column know I do a number of things to make a living. I host the morning radio show at WXNT-AM 1430, practice law, write this column, teach at the University of Indianapolis and Ivy Tech Community College, act, perform stand- and most recently started doing commentary at WRTV Channel 6. I make a pretty good living and, with the exception of my son, who inherited his adopted father’s bad spending habits, I don’t do…
I’m standing in the Convention Center downtown, looking down sourly at my cell phone. The designers of the phone have failed me, and I want to know why. It was the IUPUI graduation last May, and the hallways were filled with thousands of people in fancy dress and black robes. I was trying to contact just one of those thousands, but I didn’t know his cell number. I knew he was there, and probably within a hundred yards, but without…
