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Reinbold to sell Chinese autos in Indianapolis: Affordable luxury line likely to hit the streets in 2008

Local car dealer Dennis Reinbold, well-known for selling high-end German and Japanese automobiles, will add Chinese vehicles to his lineup, possibly by the end of next year. Reinbold will be among the first dealers in the United States to sell cars made in Wuhu, China, by the state-owned Chery Automobile Co., one of that country’s fastest-growing automakers. Reinbold, who is also an Indy Racing League team owner, paid $2 million to sell the Chinese cars, which will be distributed by…

INVESTING: How to use trend lines to help divine market direction

There is a simple and often-underestimated tool used by technical analysts that even the most timestrapped investor can profit from. The trend line is an old utility technicians have believed in for centuries. Everyone has heard the term, “The trend is your friend.” In order to visualize the trend, all you have to do is get a chart of any stock or index, and start drawing lines connecting highs or lows of prices. Hold the page back a little, and…

Stadium architect beats ‘dark horse’ status: Experience with other sports arenas wins HKS first pro football project

The imprint HKS Inc. will leave on the city with its design of the new Indianapolis Colts stadium will reshape downtown for years to come. But the high-profile project is also significant for the Dallas-based architectural firm because it represents the first time HKS has designed a professional football arena. Any questions the selection team might have had about the firm’s credentials were quickly put to rest, however. “[They] came and visited and said, ‘When you guys start looking for…

Pepper, others commended for their safety programs: Area contractors turn to technology to track job-site performance

Hand-held computer devices are becoming as common as hardhats and heavy equipment on the job sites of Pepper Construction Company of Indiana Inc. The Chicago-based contractor’s Indianapolis location began using the hightech gadgetry about 18 months ago to track job-site safety and tie the results to bonus amounts awarded to supervisors. While the company has tracked safety performance for years via written reports, the new system lets everyone from executives to subcontractors view the information almost immediately after it’s loaded…

Suit puts One Call on hold: Firm placed in receivership as lender seeks $21 million

One Call Communications has been placed in receivership, a day after a lender for its 2002 management buyout filed a lawsuit alleging the Carmel long-distance and operator-services company owes it more than $21 million. The May 11 lawsuit in U.S. District Court in Indianapolis by Pittsburgh-based PNC Bank appears to be the knockout blow for a telecommunications firm accused by several states of violating consumer protection laws in billing and collection practices. Also looming is a proposed $1.1 million fine…

BULLS & BEARS: Sage investor: Time to buy commodities has passed

In February, I mentioned the Legg Mason Value Trust, managed by Bill Miller, as the fund with the longest-running winning streak vs. the S&P 500. The streak runs 16 years. A couple of weeks ago, Miller put out his quarterly market letter. I’m beginning to think I’m profound because I agree with his thinking. Below is a paraphrased summary of what he wrote: The Financial Times” headline on April 10 read, “Commodity Prices Set to Soar.” Then Miller thought back…

PROFILE: Complexions Day Spa: Downtown day spa has glowing business Irvington native focuses on organic products, attracts clients from entertainment, sports scenes

Complexions Day Spa Downtown day spa has glowing business Irvington native focuses on organic products, attracts clients from entertainment, sports scenes Trinia Cox’s venture builds on a 10-year career in skin care and makeup artistry with stints in Chicago and Los Angeles. And the location of Complexions Day Spa on Massachusetts Avenue was a good fit with her background in the arts, including gigs as a singer with Dr. Bop and the Headliners and her own group, Trinia and the…

Banks enroll to help educators: As Indiana falls behind, financial literacy programs blossom

Their answer: a need. As in, one cannot exist without food, shelter and a $175 pair of sneakers. While the marketing folks at Nike would smile at the association, it makes personal finance experts like Avery cringe. They say it’s another example of an alarming level of financial ignorance that has allowed nationwide consumer debt to zoom past $2 trillion. And the pain is especially acute in Indiana. “You don’t have to look far beyond the bankruptcy and foreclosure statistics…

VIEWPOINT: What kids learn outside the classroom

Like many discoveries, my first “aha” moment about the importance of parents’ involvement in their children’s school success occurred when I was investigating something else. In 1999, shortly after I arrived in Indianapolis to work at Conner Prairie, I set out to learn how kids rated their school visits to the museum. I located a fourth-grade teacher who would let me and museum researcher Jane Hetrick talk to students. She happened to be the teacher of an “Inquiry” class, Washington…

Crown Hill nearing new deal: About 70 acres expected to sell for $5.2M

An announcement on new development for 70 acres of woodlands held by Crown Hill Cemetery and Funeral Home may come within weeks, bringing to a close a controversial land deal that some environmental and neighborhood groups hoped to stall. Crown Hill leadership is talking with three developers that have submitted competing proposals for mixed-use projects, cemetery President Keith Norwalk said. He declined to name the developers or provide details on their proposals but called an announcement “fairly imminent.” The price…

As CD rates reach 5-year-high, banks get more interest: Many savings institutions advertise investment option aggressively, offer specials to attract new customers

Money managers are dusting off their low-risk investment options for consumers who are finding certificates of deposit attractive again. The run-up on CDs corresponds with rising interest rates that are meant to cool inflation by making the cost of borrowing more expensive. The federal funds rate-the interest banks charge one another on overnight loans-is the highest it’s been since early 2001. While that’s not so good for home buyers, it does benefit investors searching for short-term savings returns. Interest rates…

FUNNY BUSINESS: ‘Restart Your Engines’-we have refrigerator magnets

I’m not sensing a lot of enthusiasm for the state’s new tourism slogan, “Restart Your Engines.” Wait. What am I saying? What I sense is some outright hostility because the state paid $85,000 for this clunker, then was so tone deaf as to unveil it right after the income tax deadline, setting off a wave of “Your tax dollars at work” jokes in newspapers, blogs and coffee shops. So here we are in May, at the start of another tourist…

ATA reorg a bonanza for lawyers, financial firms: Court still must decide whether to approve $21 million in fees and expenses sought in case so far

Lawyers and other professionals have asked for more than $21 million in fees and expenses for their work on ATA Holdings Corp.’s reorganization, in what appears to be the most expensive case ever in U.S. District Bankruptcy Court for the Southern District of Indiana. But fees and expenses might rise to $33 million after a handful of remaining professional firms file their claims by the end of this month, said James Carr, a veteran Baker & Daniels attorney who quarterbacked…

ECONOMIC ANALYSIS: Improving state’s economy requires a team approach

More than 50 years ago, the famous economist Joseph Schumpeter told a simple story that perfectly captured the essence of market capitalism. It’s a turn-of-the-century tale of a railroad being built in a part of the country where none had existed. The new investment rapidly upsets the order of everything-once ideally situated towns are left high and dry, while others move up in stature as they exploit newfound advantages. It’s messy and it’s painful, but the result is for the…

Battle of the brands: Planners go back to drawing board after city slogan nixed

They thought they had a winner with The New Midwest. They even had the logo-a stylized “I”-all figured out. And a color palette. But then they hit a bump in the road. When Mark Miles became CEO of the Central Indiana Corporate Partnership in January, he joined the big group and said the slogan was a dud. At the least, he said, participants should run it by focus groups. They only had to run it by two before they realized…

SPORTS: Fixture on local sports scene continues 42-year run

Since he nearly died a couple of months back, now is probably a good time to write something about my friend, Bill York. After all, I’d at least like for him to be able to read it. York is one of those behind-the-scenes folks who gives Indiana a good name. To the local and national sports media, he personifies Hoosier Hospitality. For years, York has directed the media room operations at the Indianapolis Motor Speedway, Conseco Fieldhouse (Market Square Arena…

Cherrymasters’ luck might turn next year: Proponents argue that state regulators could electronically monitor slots in taverns around Indiana

In past years, legislators have proved unwilling to expand gambling outside Indiana’s riverboat casinos. But Indiana Licensed Beverage Association Executive Director Brad Klopfenstein, who has been leading the push to legalize electronic “cherrymaster” machines, thinks his luck could soon turn. “The legislators we’ve talked to, they don’t seem to have the steadfast ‘no, no, no’ attitude they used to have,” Klopfenstein said. “We’re hoping we’ll get a bill filed and it’ll get a fair hearing next year.” And new technology…

Purchase offer expected for Winona Hospital: Three interested parties check out empty facility

Vacant Winona Memorial Hospital could attract a written purchase offer as soon as this summer, and at least three potential buyers are already researching a deal. Among the property’s attributes are a layout that’s well-suited for health care uses, said Gus Miller, a principal with NAI Olympia Partners, an Indianapolis real estate firm listing the site for $8 million. But the layout, with ceiling heights of only 8 feet, also limits the former hospital’s appeal to businesses outside health care….

Money manager launches own firm: Former SBK-Brooks exec opens Liger Securities

If David B. Girton isn’t already regarded as an innovator in the local investment brokerage community, he should be now. The 45-year-old Indianapolis native is in the process of launching Liger Securities Corp., the only locally owned black investment firm in the city. But 10 years ago, he accomplished a similar first, when he opened the local office of Cleveland-based SBK-Brooks Investment Corp., then the only black-operated brokerage here. Make no mistake, though, Girton’s credentials far outweigh his designation as…

EYE ON THE PIE: Writers require clarity or risk calamity

Last night, I had a dream. I was standing on the ledge of a tall building. People down below were shouting, “Jump!” They were angry because they thought I misrepresented the various and diverse meal-delivery programs in Indiana in my column last week. One woman was yelling, “You’re trying to take away my job!” “No,” I tried to explain. I was just saying that such programs should be coordinated better and that no oversight agency exists to monitor not-for-profit agencies….