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BEHIND THE NEWS: Limp economy could slow increase in attorneys’ fees

Attorney pay at top-tier firms is like compensation for executives of public companies. Amid hand-wringing, the numbers keep going up and up. The reasons are understandable. Law firm managers feel pressure to raise compensation to attract and retain the best attorneys-and to keep up with what other firms are doling out. The people running those competing firms feel the same pressures, accelerating the upward spiral. Hence, top attorneys in Indianapolis in the most complex practice areas now have hourly rates…

VOICES FROM THE INDUSTRY: Green building not over when construction finishes

“Green” has fast become the metaphor for that new world we want to live in. We’ll have green jobs, drive green cars and live in green buildings made from green materials. The link between the environment and the color may seem obvious, but most artists will tell you that green is, by far, the most difficult color to master. Green isn’t one color. It’s made by mixing yellow and blue. Different proportions of yellow to blue produce a wide range…

‘Rollcrete’ might provide alternative to pricey asphalt

Cities and counties are looking for alternatives to asphalt as the price soars for the oil-based material and threatens
to bring paving projects and contractors skidding to a halt. The city of Indianapolis may have just found
one viable alternative that goes down like asphalt: roller-compacted concrete, or "rollcrete."


Experts: Building boom not over: Big projects wind down, but new ones fill pipeline

The completion of $2 billion in city construction projects has left a gaping hole in contractor job schedules-as wide as when the roof opens at Lucas Oil Stadium. Even so, industry leaders remain optimistic about staying busy despite the combination of a tepid economy and the end of a local boom that stretched the limits of the labor pool. The $1.1 billion airport midfield terminal project, the $715 million stadium and $150 million Central Library expansion helped to create so…

INVESTING: Tough stock market brings big names back to Earth

Oh, how some of the mighty have fallen. A number of high-profile professional investors are struggling in this bear market. Perhaps surprisingly, many of these managers come from the “value investing” category, a style of investing that is supposed to outperform-or at least lose less – markets. In their heydays, when their mutual funds produced investment returns that soundly beat the market averages, these managers were often accorded star status in the financial press. Here are a few of the…

Web site aims to help diversify work force: 70 199 233 220Diversity-One.comgetting push from Radio One

One of the city’s largest advertising agencies and a down-state software development firm have brokered a deal with Radio One Indianapolis to launch a Web site that matches minority job seekers with companies looking to diversify their work force. The site, Diversity-One.com, is the product of MZD Advertising and Batesville-based Employment Partners, a firm specializing in Web-based employee and job-search software. The partners in the project wanted a local niche site to compete with national job and employee search portals…

A&E: Out of the Hopper: Drawings reveal artist’s process

When so much attention is focused on wo u l d – b e b l o c k bu s t e r exhibitions, it’s easy to forget that the Indianapolis Museum of Art mixes things up regularly with smaller shows. At their best, these offer more succinct pleasures-and they don’t require much of a time commitment. Truth is, if you spend more than a half-hour at one, you’re probably just being pretentious. Two new shows-lost a bit in…

EYE ON THE PIE: Too many governments plague state

Have you read the Ke r n a n – S h e p a r d report? Don’t feel guilty, few have. Its more formal name is, “Streamlining Local Government; We’ve got to stop governing like this.” It’s a very strong, readable statement for reforming local government. Unfortunately, it does not get to our root problem: Local governments are creatures trained for obedience by their master, the Indiana General Assembly. Although the report does not say it, there will…

ON THE RECORD:

O N T H E R E C O R D First Merchants Corp. of Muncie announced Sept. 3 that it has agreed to buy Lincoln Bancorp of Plainfield for about $75 million. The acquisition expands First Merchants’ presence in the Indianapolis area from the northern suburbs into other fast-growing suburbs on the west and south sides. Announcement of the deal sparked a 37-percent runup in the value of Lincoln shares. Elanco, the animal-health division of Eli Lilly and Co.,…

An unorthodox design: Massive church construction project in Carmel features unique architecture

The golden dome that sits atop Holy Trinity Greek Orthodox Church under construction in Carmel provides a curious sight for those in central Indiana. But what is even more unusual about the massive structure underneath the dome is a Sixth Century Byzantine design like no other in the world. “There’s no design like this in history, and it’s never been built before,” said San Francisco architect Christ [pronounced Chris] Kamages, designer of the church. His CJK Design Group specializes in…

MotoGP race will give Speedway whole new look

Fans walking into the Indianapolis Motor Speedway for the First MotoGP race there Sept. 14 likely won’t recognize the place. Sponsor ads will hang on the inside walls of the track. There will be a host of companies in the hospitality area–including Yamaha, Kawasaki, Ducati and Repsol–that have never set foot inside the Speedway’s grounds.  The motorcycle-specific nature of the Red Bull Indianapolis GP will permeate every facet of the event and affects all elements of the host city’s planning.

Daniels still wants more from lottery, through privatizing or bond issue

Republican Gov. Mitch Daniels is building his campaign for re-election in part on another attempt to cash in a jackpot on the Hoosier Lottery. This time, he’s hedging his bet. In case leasing the Hoosier Lottery outright to a private operator is politically impossible, Daniels is exploring a major bond issue backed by its future revenue.

Colts give $1M to Riley Hospital

Riley Children's Foundation has received a $1 million gift from Jim Irsay and the Indianapolis Colts, the foundation announced this afternoon. The foundation supports Riley Hospital for Children. The foundation also announced that Lucas Oil Products founder Forrest Lucas, who bought naming rights to the new Colts stadium, has joined the foundation board.    

IRL’s Detroit race shows growth

While the jury is still out on the success of the first unified open-wheel racing season, the organizers of the Detroit Belle Isle Grand Prix last weekend are calling their event a resounding…

Lugar nephew to lead Fundex Games

Todd Lugar, a nephew of U.S. Sen. Richard Lugar, has been named president of Fundex Games Ltd., a Plainfield company that produces toys and games. Lugar, 47, most recently was a director at Indianapolis investment bank Periculum Capital Co. LLC. Prior to the Periculum post, Lugar operated the Lugar family business, Thomas L. Green & […]

Zyprexa class action given green light

Enough evidence of fraud by Eli Lilly and Co. in its marketing of Zyprexa exists to go ahead with a jury trial, a judge in New York has ruled. Plaintiffs in the case claim Lilly urged physicians to prescribe the schizophrenia and bipolar disorder drug for uses not approved by the federal government. Insurance companies, […]

Ball State launches $200M fund-raising campaign

Ball State University is embarking on its largest capital campaign in the Muncie school’s history, seeking to raise $200 million. Officials announced the goal this morning and hope to raise the money by 2011. Roughly $122 million already has been raised. Much of the money will be used to fund 200 new scholarships and more […]

Panic-bar maker plans 40-person expansion

Locally based Ingersoll Rand Security Technologies plans to expand its east side manufacturing operations, creating 40 jobs, the Indiana Economic Development Corp. announced this morning. The 100-year-old company makes panic release bars and electronic security products for exits. It will invest $6.1 million to upgrade equipment at its Tobey Drive plant, which already employs 530. […]

Colts sales staff feels the heat

Pressure is mounting on the Indianapolis Colts as this Sunday’s season opener against the Chicago Bears looms. Yes, there’s pressure to win on the field. But there’s even more pressure to make the…

What ails Jill?

If any governor were vulnerable to a strong challenge in a re-election campaign, it should have been Mitch
Daniels, who has made a lot of Hoosiers mad by pushing daylight saving time, leasing the Indiana Toll Road
and in general…