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BEHIND THE NEWS: Brothers who built ticket broker now battling

May 2, 2005

The Kinnett brothers formed Front Row Tickets Inc. 16 years ago, and together they built it into one of the city’s largest ticket brokerages. That success, how- fueled acrimony. Kyle ever, now has Kinnett, 35, has sued his 50-50 partner Scott, 36, and is asking a judge to appoint a receiver to oversee the business until it’s sold. “Serious differences have arisen between Kyle and Scott concerning the conduct and management of the business,” leaving them deadlocked, according to the…

NOTIONS: College course proposal: How to apply for a job

May 2, 2005

Hetrick has the week off. In his absence, this column, an adaptation of one that appeared on April 14, 2003, is being reprinted. The first line of the first song in the musical comedy “How to Succeed in Business Without Really Trying” is “How to Apply for a Job.” That’s also the name of the course I’m proposing to any university that will buy it. I offer this proposal to my friends in academe because many of the candidates they’re…

The old college try: Struggling IndyGo courting campuses to boost ridership

May 2, 2005

One solution for a city bus system struggling to lure riders might be academic-get college students on board. The Indianapolis Public Transportation Corp. is in talks with colleges and vocational schools about the potential of discounted fares for students who opt to take the bus to and from campus. The push also has a longer-term goal of conditioning students to use public transportation after they graduate to the work world. Financially sputtering IndyGo, which finished 2004 in the black only…

More than money: Inception puts emphasis on nurturing fledgling firms

May 2, 2005

If money can’t buy love, as the Beatles sang 40 years ago, neither can it make a startup company prosperous. While David Becker and David Doyle are no John Lennon or Paul McCartney, their wisdom certainly makes sense for locally based Inception LLC. That’s the consultancy, incubator and venture capital firm they founded in November 2000. “Entrepreneurs always think that, if they had money, they would be successful [right away],” Doyle said. “That’s not always the case. There are very…

Trendy retailers targeting city malls: H&M picks Circle Centre; Williams-Sonoma Home eyes Fashion Mall

May 2, 2005

Two retailers in the early stages of national expansion efforts are eyeing Simon Property Group Inc.’s Circle Centre and Fashion Mall for new stores. Clothing retailer Hennes & Mauritz plans to open an 18,000-square-foot store in Circle Centre this fall, and local retail experts say Williams-Sonoma Inc. is considering the Fashion Mall for one of its first Williams-Sonoma Home stores. Better known as H&M, Hennes & Mauritz is to clothing what IKEA is to furniture: hip, Swedish and budget-friendly. Since…

BULLS & BEARS: Reading a contrarian view from independent investors

May 2, 2005

In the 1958 Disney documentary “White Wilderness,” the viewer saw what looked like hundreds of lemmings following one another over a cliff and falling to their deaths. Ever since their big-screen debut, lemmings have had the unfortunate reputation of being stupid, blind followers of one another regardless of the consequences. What the audience didn’t see were cameramen herding the poor little rodents over the cliff with a piece of plywood. You see, lemmings don’t commit suicide. About the only creature…

New Horizon Credit Inc.: Firm focuses on collecting older debt Company specializes in finding people who haven’t paid their credit card bills

May 2, 2005

Company specializes in finding people who haven’t paid their credit card bills As long as Americans have a champagne thirst for the good life but a beer budget to pay for it, there will be debt. And as long as there is debt, there will be those who fail to pay. That’s where companies such as New Horizon Credit Inc. come in. Founded in 2003 by brothers William and Fred Goodnight, New Horizon specializes in collecting older debt-debt that’s been…

State should target schools, not tourism EYE ON THE PIE Morton Marcus ______:

May 2, 2005

Our dear friends in the Indiana General Assembly continue to support the idea that tourism should be a state-subsidized industry. It is bad enough that we subsidize biotechnology and the Indianapolis Colts, even though we would object if any of the Colts used some of that good biotech to enhance performance. The first problem with tourism is that it creates very few well-paid jobs. Most jobs in tourism make our workers servants to other people who leave their towels on…

GIZMOS: Flat-panel monitors: not all they’re cracked up to be

May 2, 2005

I’ve discovered something really unexpected on my desk lately: a surface. After years of having monitors the size of packing crates looming over my desk, I now have two flatpanel monitors that actually take up less surface space together than one of the old CRT (cathode ray tube) monitors. The new LCD (liquid crystal display) flat panels are sleek, black, digital and much brighter than the old putty-colored CRTs that now seem so dreadfully old-fashioned. A flat-panel 19-inch monitor can…

IU planning logistics center: University seeks funds for facility to provide services to TDL industry

May 2, 2005

Indiana University officials say they’re shopping for a site near the airport or in Plainfield for a laboratory to help grow the state’s transportation-distribution-logistics industry-known as TDL. The IU Supply Chain Control Center would evaluate for companies the feasibility and cost benefits of new technologies that could be used to improve sourcing, production and product distribution. The service would be provided at no or little cost. But the center faces a logistics challenge of its own-a delivery of cash. IU…

NOTIONS: Race for the cure; reach for the phone

April 25, 2005

Spring has exploded in my urban garden. The climbing hydrangeas race up the trellises. The perennials ascend toward azure blue. And the flowering crab has erupted like a Fourth of July firework. It was a hard winter for us. Last fall, two shrubs by the stone bench turned brown and we couldn’t save them. In December, the blue spruce by the back gate shed its needles and died. And my fellow gardener, who planted this place and nurtured it with…

INVESTING: Citigroup plods along while financial stocks are mired

April 25, 2005

Citigroup reported another great quarter last week and, once again, not much is happening with the stock. It is starting to get a little routine. The story inside the company seems to get a little brighter every few months, but the stock has been trading sideways for two years. It is getting a little more popular these days to turn away from financial stocks because of rising interest rates. (Although the only rates that are moving higher are those controlled…

Charter service center works to broaden its reach: Collaborative programs a focus for organization

April 25, 2005

No charter school is an island-at least not from Kevin Teasley’s perspective. In fact, the independence at the very core of the charter movement creates demand for the kind of assistance his Charter School Service Center offers. “The fact that we have our own charter school makes us more helpful to others,” said Teasley, CEO of Indianapolis-based Greater Educational Opportunities Foundation. “We know what they need. Or at least we think we do.” GEO Foundation, which operates 21st Century Charter…

Plumber contrives kid-friendly bathroom: Safety and cleanliness issues motivate father to market concept

April 25, 2005

Toilet training can be one of the most trying times of childhood for toddlers, and child-rearing for parents. But one local plumber’s concept could make the chore easier, if mom and dad are willing to make the investment. David Heffner, who has operated Heffner & Associates LLC from his west-side home since 2001, has developed the Child Friendly Bathroom. He’s had the name trademarked and is beginning to market the high-tech features to customers with kids. Inspired by his 7-…

Experts see improving market: Higher occupancy rates, more construction projects mean good news for landlords, developers

April 25, 2005

IBJ: Is your sector of the construction or real estate industry better or worse off than a year ago and why? BURK: Overall, I think the Indianapolis office market is better off than it was a year ago. The occupancy rate for the 29-million-plus square feet of multitenant office properties in the market increased by about 2 percent last year, to 82.5 percent. There was positive net absorption of about 600,000 square feet, most of which occurred in the suburbs….

EYE ON THE PIE: Lessons from a low-profile death

April 25, 2005

Worldwide, about 57 million people will die this year. Few will make headlines like Pope John Paul II and Terri Schiavo did. Many will die as did Kianna Rowe Karnes of Indianapolis, attended by family but abused or neglected by the health profession. Karnes was 44 when she died a few weeks ago from kidney cancer. She was not brain dead. She was not at the end of a long life, but in the rich, middle years where she could…

Neuburger’s new gig opens door for expanded FINA role:

April 25, 2005

Pros Consulting, an Indianapolis-based firm with a national reputation in the parks and recreation industry, has hired one of the biggest local names in sports and event management to help grow its firm in a new direction. Dale Neuburger, who stepped down as president of the Indiana Sports Corp. earlier this month, joined Pros as vice president of sport strategy and development. Neuburger, who headed ISC for 12 years, carries international clout-especially in Olympic sports. Pros founder and President Leon…

Plainfield, Avon work on land annexation agreement: Pact could pave way for mammoth industrial park by Browning Investments

April 25, 2005

Officials from the towns of Plainfield and Avon are negotiating to share annexation of a large parcel of unincorporated land that a mammoth industrial and distribution park will be built upon. Locally based developer Browning Investments Inc. has much of the 1,100-acre tract north of its Plainfield AirTech Business Park in Hendricks County under contract. When finished, the decade-long project will boast 15 million square feet of space, almost equaling the entire Plainfield industrial market. It dwarfs the 5.5-million-square-foot AirTech…

New barter group begins: Rival files suit claiming execs stole trade secrets

April 25, 2005

A new association offering business owners an opportunity to barter their services among a network of company members has arrived in the city, but not without a legal challenge from a competitor. Tony Sandlin and David Treacy founded Barter Indiana Group after working on a contractual basis at rival Henry Street Trading Co. The two barter organizations and another in the city, the Californiabased franchise BXI Exchange Inc., coordinate the exchange of services among members without involving cash. If a…

United Way enlists help from execs: Program provides extra muscle for annual fund-raising campaign

April 25, 2005

So UWCI will pitch the program with renewed fervor as agency leaders make the rounds of local businesses this year. They’ll point to networking opportunities and leadership skills, community awareness and self-confidence. And they’ll sing the praises of a revamped training program intended to be a big part of the answer. New this year are sessions on effective selling methods, project management and leadership development, intended to strengthen the appeal to employers and employees alike. “We really want to make…

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