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BEHIND THE NEWS: Amid stock market’s slide, a high-flier gets grounded

In late April, Brightpoint Inc. investors had every reason to feel giddy. Shares of the wireless phone wholesaler were up 85 percent for the year, after advancing 113 percent in 2005. Today, those heady days seem like a distant memory. Since reaching a high of $28.50 April 27, Brightpoint’s shares have lost 50 percent of their value, lopping more than $700 million off the company’s market value. “Clearly, wireless is out of favor on Wall Street and has been for…

Hilbert estate drawing some offers: Letterman, Babyface, Judd not interested

Colts quarterback Peyton Manning passed on a chance to buy the Carmel estate built for Conseco Inc. founder Stephen Hilbert that’s on the market for a cool $20 million. Pacers forward Jermaine O’Neal also rejected the opportunity a couple of times, real estate broker Dick Richwine said. Nearly a year after it went up for sale, the Carmel property labeled the most expensive home in Indiana is still searching for the right buyer. But a recent flurry of interest and…

NOTIONS: In search of happiness? You’ve got to make a friend

My brother Bryan called the other day. He asked if I’d like to join him at the Music Mill to see an up-ancoming singer-songwriter he’d heard about. He said the critics have compared her rock-funksoul sound to the likes of Bonnie Raitt, Tina Turner and Janis Joplin. Pretty high praise. So last Tuesday we 40-something guys and a few hundred other people went to hear 22-year-old Grace Potter and the Nocturnals. Before Grace took the stage, we sat in the…

Site gets people involved: Institute uses Web to link volunteers with opportunities

When Roger Williams began approaching local not-for-profits early this year about his idea to post their volunteer opportunities for teen-agers on his Web site, many were skeptical. “What’s this guy trying to sell me?” they wondered. But six months after launching www.helpindyonline.com, part of his larger Emergent Leadership Institute, Williams has more than 80 charities promoting nearly 300 positions on his site for high school and college students interested in volunteering. The 36-year-old Carmel native and former youth pastor founded…

Gladish strengthening his ties to Indianapolis: Ex-YMCA president joins IU’s Center on Philanthropy

Kenneth Gladish first laced up his sneakers as a YMCA kid in Northbrook, Ill. Decades later, he tightened his tie as president of the national organization. In between, Gladish was a central figure in the Indianapolis charitable sector. Now his time at the YMCA of the USA has come to an end, and Gladish’s next step is up in the air. But one thing’s for sure-he’ll be maintaining his ties to Indianapolis. Gladish, 53, has accepted a three-year appointment as…

ECONOMIC ANALYSIS: We want to count jobs, but what’s the best way?

Americans like to keep score on things. And in the realm of economics, there are plenty of things to keep score on. But the economy is a huge, often unwieldy beast, and the data we use to track it are often quite a bit fuzzier than the rows of hardlooking numbers in the graphs and statistical reports we digest would make it seem. In fact, as the old joke goes, we economists like to present growth rates out to two…

EYE ON THE PIE: Too many studies spoil the broth

Want to build a stadium? Maybe you have a highway in mind? Maybe your highway has a different route from that of another group of enthusiasts? Is your concern a new zoo or an existing art museum? How about that boysenberry festival? The venerable college in town? That remodeled convention facility? That autoassembly plant? That new wing on the hospital? That new housing development? Or are you looking at something unquestionably noble? A church, a school, a senior center, a…

Vontoo finding its voice: Phone message marketer modeled on ExactTarget blends local, Indian talent

During his January trip to Bangalore, India, angel investor Robert Compton dreamed up dozens of ideas for high-tech business. To keep costs low, he planned to base each in Indiana, but outsource some work to the fastdeveloping nation’s famously inexpensive software talent. Now, only five months later, Compton is concentrating on just one: a startup IT company called Vontoo Inc. Based in Indianapolis, Vontoo will allow marketers to send audio messages to thousands of phones in a particular demographic, then…

Quality Roofing Services: Success helps roofers sleep through the night After surviving a rough first year, company shows signs of progress

After surviving a rough first year, company shows signs of progress Sleepless nights, upset stomachs and paranoia were common woes for the owners of Quality Roofing Services throughout their first year in business. “We worried about finances and thunderstorms,” said co-owner Paul Crafton, 50, recalling the professional and personal strain. “We wondered if we would make our payroll or go under and lose our investment.” But they persevered, starting their days early-often at 5:30 a.m.-and working late. Eventually, their efforts…

Making a splash: Delta Faucet aims for hip and handy with unique rebranding campaigns

Delta Faucet Co. has succeeded in luring fashionistas to its high-end line. Now the company wants to coax weekend wrench wielders into buying its most-affordable faucets. The Indianapolis subsidiary of Michigan-based Masco Corp. is launching its second major branding overhaul in two years. And Delta is again taking the account from a big-city ad agency and handing it over to locally based Young & Laramore. Young & Laramore, one of the few local agencies focusing almost exclusively on national brands,…

NOTIONS: A tale of two kings and one fortunate kingdom

For the fifth year, some colleagues and I have penned comedy for a cause. The Indiana Repertory Theatre, which usually chooses its playwrights more carefully, erred again by soliciting our scriptwriting “talent” for its faux-radioshow fund-raiser. So on June 3, a cast of Indianapolis celebrities-from the media, not-for-profits, government and business-donned makeshift 17th-century garb, mounted the Indiana Roof Ballroom stage, and hammed up “Shakespeared: A Midsummer Night’s Scheme.” Our tall tale featured two kings-Mitchard and Bartholomie-trying to outdo each other…

In midst of sale, Marsh rolling out new slogan: Grocer says it’s the place to ‘Treat your family well’

Executives at Fishers-based Marsh Supermarkets Inc. aren’t sitting on their hands, despite signing an offer a little more than a month ago to sell the grocery chain to a private equity group in Florida. For the past two years, they’ve been scratching away on flip charts coming up with a new brand. And they figure they might as well put it to use. They launched the new identity last month with the help of Dallas-based Ivie & Associates Inc., an…

From Ukraine with love: Helping the elderly remain independent and at home is the fundamental goal of home-health-agency founder

When Etelka Froymovich immigrated to Indianapolis in 1977, the Ukrainian-born pediatric nurse found the only job available to her was as an aide at Colonial Crest, a local nursing home later purchased by Arkansas-based Beverly Enterprises. She had never worked with the elderly, but quickly found her life’s passion. Twenty years after arriving in the city, Froymovich opened Home Services Unlimited, a licensed home-health care agency on the northwest side that provides care for elderly and developmentally disabled people. Overcoming…

ECONOMIC ANALYSIS: Motor-vehicle jobs: a path to the future?

Would landing a new Honda plant be a plus for the Indiana economy? You bet it would. In fact, it’s hard to think of any similar-size investment that holds the same immediate potential for supporting additional jobs beyond those inside the plant walls. The project scores well on just about every objective measure you can come up with to assess its attractiveness. It draws on skills and occupations Indiana already has. Its activities hold great promise for new business for…

Companies confront truck driver shortage: Demand is high despite better pay, more time off

Amid the steady rumble of diesel engines, Ricky Smith parks his 18-wheeler among a raft of big rigs at the TA Travel Center in Boone County to relax and grab a bite to eat. It’s after 6 p.m., and the Tennessee resident is delivering grocery products on his weekly route that extends from Michigan to Georgia. Drawn by the opportunity to make more money, Smith ditched his job three years ago as a diesel mechanic to drive a truck. “I…

Buzzing with Activity: Unique Broad Ripple biz ready to offer franchises

Buzzing With ActivityUnique Broad Ripple biz ready to offer franchises For business partners Wendy Reed and Pam Weaver, life these days is starting to look a lot like the frenzy their company name projects: Sugar Buzz. They’re not really hopped up on sweets, but the Indianapolis women are flying high nonetheless-buoyed by the glory of being featured in a national magazine and the promise of franchising their unusual mix of children’s parties and dropin day care. The longtime pals combined…

Kroger shops for land: Grocer gathering property for full-size downtown store

Downtown residents might finally get their second full-service grocery store. Cincinnati-based Kroger Co. has purchased an acre of land immediately west of its store near the intersection of 16th Street and Central Avenue in hopes of razing the existing store and replacing it with a new, and much larger, grocery. “We would like to build a brand new store that incorporates all of the amenities that [we] have at our newer stores,” said Jeff Golc, a Kroger spokesman. Neighbors are…

Regional partnerships called key to making it: Purdue urges state manufacturers to join supply chain

Growing global competition is bringing local manufacturers together. And the definition of local is changing from around the corner to within 500 miles. Officials from Purdue University have conducted a series of manufacturing summits encouraging Indiana plants to tear down their separatist walls and become an integrated part of regional supply chains. “Supplier-based manufacturing is based on long-term relationships in a 500-mile radius, so we need to think about Indiana manufacturing regionally,” said John Sullivan, director of Purdue’s Center for…

eImagine Technology Group: Technology firm aims to deliver service with its software Owner: Hiring good employees key to small company’s success

Communication-and simplicity-can be a challenge when it comes to tech talk. “It’s like the old adage, if you ask a tech guy what time it is, he’ll tell you how to build a watch,” said Joel Russell, president of Indianapolis-based software developer eImagine Technology Group. But Russell works around potential “lingo” problems when he’s meeting with customers. No matter the industry, he looks for ways to automate inefficient processes using computer software. His goal is to save his clients time…

CHRIS KATTERJOHN Commentary: Having a big time in Little Rock

The guy from the Little Rock convention and visitors bureau said it himself: “That first airline ticket to Little Rock is the toughest one.” Maybe so, but I certainly wasn’t a member of the why-in-the-world-arewe-meeting-in-Little-Rock crowd. I was eager to check it out. I must confess, however, the extent of my knowledge about the capital of Arkansas was limited before the meeting I attended there June 1-3. I knew the city was home to many things Bill Clinton and to…