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Cardinal Health executive joins BioStorage

Indianapolis-based BioStorage Technologies Inc., which stores and manages biomaterials for use in drug development and health care, said today that it has hired James M. Saponaro as executive vice president. Saponaro will oversee the company’s sales and marketing operations, its information technology and its business development functions. Saponaro spent the last 14 years as an […]

IBJ named nation’s best business journal

The Alliance of Area Business Publications over the weekend named IBJ the nation’s best large-market weekly business journal. The gold medal was among six awards the newspaper received during the association’s annual conference in Denver. Judges from the University of Missouri’s School of Journalism evaluated 772 entries from 59 publications, including papers in Los Angeles, […]

UPDATE: Kokomo could be blitzed by Delphi plan

The economy near Kokomo-including northern reaches of the Indianapolis area-could sustain a two-fisted punch if Delphi Corp. succeeds with its plan to emerge from bankruptcy protection. The Michigan-based auto parts maker has reached a preliminary agreement with the United Auto Workers and its main customer, General Motors Corp., to cut production by about half at […]

Food news: Mexican, Cuban coming

Deals are in the works for two new restaurants downtown: a Mexican joint and a Cuban joint. Adobo Grill is expected to complete a deal this week to take about 6,000 square feet…

Improved railroad could carry more Indy traffic

Plans to improve Central Railroad of Indianapolis tracks between Shelbyville and Cincinnati could mean some shippers will have a better alternative to trucks. Rail America Inc., headquartered in Boca Raton, Fla., is upgrading the track to prepare to carry 8,000 rail cars a year of finished autos from the Honda Motor Co. plant in Greensburg. […]

UPDATE: Tower cites competition for Carmel decision

Tower Financial Corp. is putting off its planned launch of a bank in Carmel because the Indianapolis market is becoming too crowded, a Tower spokeswoman said today. “We’ve seen many banks coming to town,” Michelle Gray told IBJ. Fort Wayne-based Tower had announced last October that it planned to enter the Indianapolis market by opening […]

DeHaven to replace Cousins at bankers group

Indiana Bankers Association CEO James H. Cousins will retire July 1, the trade group said today. Cousins will be replaced by President S. Joe DeHaven, who will add the title of CEO. Cousins was president and CEO of the Indiana League of Savings Institutions when it merged with the Indiana Bankers Association in 2000, and […]

Walsingham parking hurdle cleared?

For about two years, a lack of parking has delayed a condo conversion at the historic Walsingham Apartments (pictured here, courtesy of Indiana Historical Society) at Delaware and 16th streets. But now, an…

Delphi expects Kokomo plant to dwindle, report says

Revenue at plants in Kokomo and elsewhere that bankrupt Delphi Corp. intends to keep open will fall 40 percent, according to a Detroit Free Press report. The reduction, which resulted from a tentative contract with the United Auto Workers and Delphi’s main customer, General Motors Corp., will result in the Kokomo operation falling to $310 […]

Tower Financial delays launch of Carmel bank

A Carmel bank planned by Tower Financial Corp. has been deferred indefinitely, the parent of Fort Wayne-based Tower Bank & Trust Co. said today. Tower said in October it would form Tower Bank of Central Indiana with $13.5 million to $15 million in capitalization. The decision to pull back was driven by “Indianapolis market conditions” […]

Duke lacrosse publicity a concern to all prosecutors: The ‘Nifong effect’ likely to have an impact on public perception, courtroom strategy, Indiana attorneys say

Indiana prosecutors worry about heightened suspicion of any charging decision they make as a result of the recent highprofile disbarment of a North Carolina prosecutor. Talk started months ago, but banter took a new surge following Michael Nifong’s nationally televised disciplinary proceeding June 16. He was disbarred for violating professional conduct rules in his prosecution of three Duke University lacrosse players falsely accused of rape. “Around the country and here, prosecutors are talking about the Nifong effect,” said Stephen Johnson,…

Will employees ride IndyGo to jobs in north suburbs?: Low fares could draw those who can’t afford to drive

With little effort, IndyGo may well pack buses on a new route starting in September from Fishers to Indianapolis. After all, the hellish commute on interstates 69 and 465 is its own best advertising for taking the bus. But while full loads each morning to big employment center Indianapolis are one thing, how about when the bus heads back to Fishers to pick up another load for the inbound commute? “It’s like a trucking firm. You want to have full…

Indiana short on honeybees

A cold snap wiped out at least half of Indiana’s honeybee hives over the winter. For some beekeepers, the loss was as high
as 80 percent. Fortunately, most don’t look to bees for their livelihood.

EYE ON THE PIE: Here’s government behavior at its best

At last, the professional basketball season is over. At last, the saga of the Sopranos is ended. The Cubs, the Cards, the White Sox and the Reds are in their usual states of disgrace. Our governor has announced his candidacy for reelection. There seem to be no surprises in our world. How normal are things? Consider this: Indiana and Illinois have agreed on reciprocal discounts for motorists on their toll roads. If you live in DeKalb County, Indiana, and visit…

PROFILE ANNIE-O’S: Party planner’s plan: Help others celebrate Personal losses helped owner appreciate the good times

“I don’t find that some direct-mail piece says what I do,” said Dezelan, owner of Annie-O’s event planning. “I think a lot of what sells myself is me-my personality.” That’s why, Dezelan said, most of her new business comes via word-of-mouth, from people who’ve met the energetic 36-year-old with the big, bright personality. Her marketing efforts try to reflect that personality. Dezelan recently revamped the Annie-O’s Web site so that “it’s like a party at your desk,” she said. On…

VOICES FROM THE INDUSTRY: After 5 years, it’s time to think about changing SOX

Almost five years ago, the Sarbanes-Oxley Act, or SOX, was passed in haste, largely in response to the large-scale securities frauds and market dislocations surrounding Worldcom, Enron and other large accounting scandals involving public firms. It imposed new federalized standards for internal controls, corporate governance, accounting independence and review, whistle-blowing and legal review. It represented the most important change to the federal securities laws since the passage of the Securities Act of 1933 and the Securities and Exchange Act of…

Finish Line’s buy praised, panned

Athletic retailer The Finish Line Inc. had cultivated a reputation for conservative play calling, keeping clean books with
minimal debt. Then on June 18, the Indianapolis-based retailer called a surprise audible. The $1.3 billion company agreed
to acquire Nashville, Tenn.-based Genesco Inc. for $1.5 billion.

State begins modernizing case-management systems: Moving from paper to electronic records a big task

Beside a marble counter in the Appellate Clerk of the Courts office at the Indiana Statehouse, a one-room storage area known as “the vault” is the storehouse for paper case files. Each is bound by string and has case numbers written on an attached tag, and they only move to be carted between floors and buildings when a court needs to review a file. While the clerk creates an electronic docket at the appellate level, that system remains largely unconnected…