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VOICES FROM THE INDUSTRY: Investors would be wise to avoid these four traps

Advice on investing is a lot like advice on caring for a newborn-there’s no shortage of it around and everyone believes they have just the right answer. Eventually, parents learn that they must sort through all the help offered by TV shows, books, magazines, Web sites, and even friends and relatives, to find the tips that work best for their baby. The same thing can be said for investors. Being successful requires tuning out all the noise and knowing what…

Parker suits up for change at Kiwanis International: New CEO reaching out to younger generation, trying to reverse years of membership declines

To some of the leisure-suited old guard at Kiwanis International, it must have seemed as if a biker gang member had rolled into the executive suite and popped a wheelie. One of the first things new CEO Rob Parker did was to trash an old lounge where managers reclined for a meeting every month or so. Out went the chairs-managers would now stand around the table during a “daily huddle.” And if they didn’t want varicose veins, they’d better keep…

PROFILE: MINDY WINKLER: Entertainer makes learning lessons ‘fun’Former kids’ club host and current traffic reporter juggles career, family and growing musical company

PROFILE MINDY WINKLER Entertainer makes learning lessons ‘fun’Former kids’ club host and current traffic reporter juggles career, family and growing musical company Fans of the 1980s comedy show “In Living Color” will remember the Headleys, whose family members were “lazy” if they didn’t hold multiple jobs. By that score, Mindy Winkler certainly can’t be called a slacker. As the on-air traffic reporter for several local FM and AM radio stations, Winkler works a split shift keeping us informed of traffic…

Local manufacturer tops in laundry coin machines

Standard Change-Makers employs 118 people who make 3,500 change machines each year for self-service laundries, self-service
car washes and arcades nationwide. Local workers design, build and service change machines.

RETURN ON TECHNOLOGY: IT departments are often overworked and underfunded

Why do trucking companies overload their trucks, when they know they’ll damage the very highways they need for their livelihoods? Why do people keep defiantly watering their lawns in d r o u g h t – s t r i c ke n areas? Why do we buy cheap goods from discount retailers when we know they were made in sweatshops? And why do employees download streaming audio and video, when they’re repeatedly warned that these things turn high-speed…

If you’re out this weekend…

Let me know what you see. Notice a new project or for-sale sign? Leave me a comment, and I’ll try to find out what’s going on. What have you seen lately?

Ohio steelmaker considers Indiana for steel processing site

Heidtman Steel Products Inc. of Toledo, Ohio, said today it is considering locations in Indiana, Ohio and Michigan on which to build a steel processing plant. The $225 million project would have about 200 employees annealing steel. Annealing can involve a number of processes, but often involves softens metal and removes marks caused by rolling […]

North side project to include Paradise

A two-building office and retail complex at the corner of Meridian and 96th Street will include a Paradise Bakery & Cafe and a McAlister’s Deli. Landmark Properties is developing the 45,700-square-foot project…

Former Mayor Goldsmith named Capital Source director

Stephen Goldsmith has taken a director position of a new infrastructure finance and investment group created by Capital Source, a Chevy Chase, Md., investment and asset management group. The new unit will buy and finance long-term transportation, utility and recreation assets in the United States, Capital Source said today. During two terms as Indianapolis mayor […]

UPDATE: Analysts push Emmis chief about asset sales

As Indianapolis-based Emmis Communications Corp. announced dismal fourth-quarter results today, rumors heated up about Chairman Jeff Smulyan reviving a bid to take the company private. Smulyan said in a conference call this morning that he will reconsider taking the media company private “from time to time,” but will not comment on rumors or speculation. Meanwhile […]

Odds of avoiding recession are high, Greenspan says

Chances of the United States avoiding a recession are 2 in 1, former Federal Reserve chairman Alan Greenspan said at a conference hosted in Singapore by Merrill Lynch & Co. Greenspan’s optimism came after he warned in March that the economy might stagnate, and while the nation continues to struggle against headwinds of slow capital investment […]

New York, Los Angeles markets toss Emmis a loss

Emmis Communications Corp. today reported that revenue in its fiscal fourth quarter fell 4.6 percent, to $78.6 million. The Indianapolis media company blamed weakness in its New York and Los Angeles radio operations for the problems and cautioned that the softness would continue into the near future. For the quarter, the company lost $12.7 million. […]

Evansville casino aborts renovation, blames mayor

A planned $60 million renovation of Casino Aztar in downtown Evansville won’t be carried out partly because of a spat between the riverboat’s owner, Columbia Essex Corp., and Evansville Mayor Jonathan Weinzapfel. Columbia President William Yung told a conference of Evansville business leaders yesterday he doesn’t feel welcome in the city, and that previously announced […]

Lack of money could torpedo Ohio River bridge project

Indiana can pay its share of replacing the aging truss bridge linking Madison and Milton, Ky., but Kentucky can’t afford its portion of the long-planned project. Funding prospects are so bleak that Kentucky not only can’t go ahead with the $500 million bridge, but is putting off three other Ohio River bridges, according to Indiana […]

Australian Gold parent plans 55-job expansion

The Indianapolis-based parent of Australian Gold tanning lotions and tanning-salon-software-maker Helios said on Thursday it will expand operations here, creating 55 jobs. The parent, New Sunshine, said the $9.2 million expansion will result in upgrades to production facilities and computer equipment. A private equity fund affiliated with Stephen Hilbert purchased the businesses last year. They […]

Walker Information moves west, stays near I-465

Research and consulting company Walker Information has moved into 47,000 square feet in Lauth’s Meridian Corporate Plaza Two, a four-story, 140,000-square-foot office building at Meridian Street and Interstate 465. The three-building complex, which eventually will contain more than 340,000 square feet, also includes Lauth’s headquarters. The third building is set to open this summer.

Steel Dynamics a target? Fortune says it’s ‘possible’

If you’re up to the risky game of betting on which company will be next to announce it’s being gobbled up, Fortune says Steel Dynamics Inc. is worth considering. The Fort Wayne-based steelmaker could be swept up in an industry consolidation that’s underway, the magazine said. It posted a red-hot first quarter, has been buying […]

Banks losing patience with marginal borrowers

The dreaded bank workout department isn’t what it used to be for marginal borrowers, say two Indianapolis veterans who have watched the industry for decades. Until a couple of years ago, banks still were willing to help struggling companies through tough patches by restructuring loans and offering guidance in finding their way out of the […]

Siegel loses Earnhardt as top driver

Max Siegel has missed his first major goal as president of Dale Earnhardt Inc.-to retain Dale Earnhardt Jr. as the star driver. Earnhardt Jr. announced today in North Carolina that after this season he would leave the Charlotte-based team his late father founded. Industry insiders said Siegel, an Indianapolis native and former Baker & Daniels […]

Steak n Shake executive blames woes on externals

Executives of Indianapolis-based Steak n Shake Co. told analysts this morning that a 4.7-percent decline in same-store sales in its second fiscal quarter likely was tied to higher gas prices, a decline in housing starts and higher mortgage foreclosure rates. The restaurant chain said only 1.7 to 2 points of the 4.7 percent decline was […]