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David Colby’s dealings with a California woman who recently sued him may have played a role in his ouster as WellPoint Inc.’s chief financial officer last Thursday. Bloomberg reported late Friday that the woman, Rita DiCarlo of Ventura County, Calif., charged in the lawsuit that Colby failed to follow through on a promise to give […]
Carmel bank software developer Baker Hill has scheduled a 1 p.m. economic development announcement with Indiana Economic Development Corp. President Nate Feltman. Local entrepreneur Mark Hill and other investors sold Baker Hill Corp. to Experian of Costa Mesa, Calif., in August 2005 for more than $75 million.
Stag Capital Partners has bought two warehouses and a property leased by a manufacturer-all in Lafayette, and totaling 466,400 square feet, the Boston company said. One warehouse is leased to Caterpillar Logistics Services Inc., a unit of Peoria, Ill.-based Caterpillar Inc., and the other is leased to New York-based Toyota Tsusho America Inc., also a […]
Emmis Communications Corp. is turning to Google in its search for relief from a radio-industry slump. The local media company
is tapping the power of the popular Internet search engine to sell advertising for its Indianapolis and New York radio properties.
Hhgregg Inc. has blasted past the $1 billion-in-sales barrier. Next stop, $5 billion? Such a colossal number might sound far-fetched for the Indianapolis-based electronics and appliance retailer, which remains minuscule compared with rivals like Best Buy and Sears. But not to the retail veterans plotting the company’s growth strategy. They’re not talking publicly these days, because the company is in a so-called quiet period as it readies for its $172 million initial public offering. But a 102-page prospectus for the…
Baby boomers are fast approaching the official retirement age, with the first of them turning 60 last year-President Bush and Bill Clinton being the most prominent among them. And as the boomers turn gray, a new generation has begun to make its presence known in the corporate world. In the 1990s, it was Generation X. Today, it is the so-called Millennial Generation-people born between 1977 and 1995. Tech-savvy, happy and creative, Millennials are nearly 80 million strong, by some estimates….
Went to the gas station last week. Filled ‘er up. It’d been a few weeks since I’d done that. Seemed like the price had jumped pretty dramatically. The pump clicked off. The total read $48.75. Egad. Next day, Indianapolis declared a “Knozone Air Quality Action Day.” Some fellow at the Department of Public Works told the local paper there was “literally dirt in the air.” The paper described this gunk as “floating particles the diameter of a human hair,” particles…
With the 2011 Super Bowl galloping off to Dallas, pressure is building to bring in more of the marquee sports events the city’s
economy has come to rely on to keep hotels full, retail businesses humming and the national and international spotlight focused
on Indianapolis.
A former head of the Indiana Department of Local Government Finance says some Marion County homeowners soon could see property-tax
increases of as much as 50 percent–far higher than government officials estimated. In part, that’s because of Indiana’s decision
five years ago to abolish the inventory tax.
Experts haven’t pinpointed the exact reason, but they do know one thing-the rate at which children are being diagnosed with autism has been rising. About one child in 150 is diagnosed by the age of 8 with autism or a related autism spectrum disorder such as Asperger’s syndrome, according to a recent study by the Centers for Disease Control and Prevention. That rate is up about 10 times from the 1980s. Experts have a variety of theories to explain the…
The recent purchase by Clarian Health Partners of 158 acres at the southwest corner of State Road 135 and Whiteland Road lends instant credibility to a Greenwood company’s plan to develop the most ambitious commercial project to date in Bargersville. Welbourne Cos., which sold the land to Clarian, still controls about 260 acres of farmland surrounding the intersection. The company plans to build a mixed-use development on the property. Initial phases call for 46,000 square feet of retail space, 42,000…
In recent decades, companies accelerated their use of stockbased awards as a compensation method. The key argument for these compensation plans was that they align managerial interests with stockholder interests. The modern stockoption plan originated at the young technology firms-which, short on cash, instead issued equity to compensate and motivate employees. As the riches began to flow, option programs escalated at larger firms that weren’t cash poor but proclaimed the alignment-of-interests theme. The option largesse was encouraged by accounting fantasy,…
If you avoided getting hit by the falling brick that has been the residential homebuilding sector, you may want to get ready to do another sidestep. It looks as if weakness in homebuilders is spreading to real estate investment trusts, and it is early enough to take defensive action. Before getting into it, let me say that I believe the overall stock market has plenty of upside, despite the recent heady gains. My reason for avoiding REITs now is that…
I was delighted to receive a new disc from the U.S. Bureau of Economic Analysis containing the latest annual data on economic conditions in every county in the nation. Now I have a more detailed picture of how our state functions and is changing. For example, the daily flows of commuters between counties within and outside Indiana are essential to our economic health. By commuting, Hoosier workers find better jobs and firms get the best workers. Commuting is easier when…
Everyone in business today knows that customers have choices, and that making and keeping customers happy with your product has always been a big part of the game. These days dissatisfied customers have many more options than simply walking away-they can go online and blast your product in cyberspace, attacking the image and reputation you may have spent a lifetime trying to build. That’s the daunting prospect American businesses face every day. Yet as difficult as that sounds, here’s one…
The state’s 30-or-so independent payphone operators–a conveyance nearly made extinct by wireless phones–may begin receiving
refunds next month from AT&T Indiana and Verizon for excess charges the phone companies billed independent payphone operators
for dial tones from 1997 to 2004.
Henry Arthur Jones’ more-than-100-year-old quote referred to dramatists, not critics. But his words seem a good guide for this column, where I’ll be coaxing excellence by watching everything I possibly can, attempting to lure you to the stuff that excels and serving as your guide to the sometimes confusing array of possibilities Indy offers. And I plan on having a good time doing it. I hope you’ll have as good a time reading. Sparks flew 40 years ago when Sidney…
Two weeks before the annual Jazz Fest begins, donations and corporate sponsorships are running about $150,000 short of the $1.3 million budget. So organizers are aiming to boost ticket sales by eliminating the $8.50 Ticketmaster fee.
Indiana’s stature as one of the nation’s top producers of corn and soybeans is as enduring as the fertile farmland in which the crops are grown. But a new initiative plans to introduce urban high school students in Indianapolis to a bushel of opportunities within the agriculture industry that extends well beyond farming. The Hoosier Agribusiness and Science Academy is a partnership between state government and Ivy Tech Community College in which students from the Lawrence Early College High School…
I want you to meet my friend Shawn Hendricks. We are different-like Stevie Wonder says, “Ebony and Ivory.” But it’s more than that. Our life experiences and challenges have been extraordinarily disparate. Our story begins with a remarkable man, Tom Binford, whom I was privileged to know well and whom I admired not only for his business acumen but also for his strong sense of community. I called him Mr. Indianapolis. He called me boss. For seven years, he wrote…
