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Brian K. Snyder, an Indianapolis financial adviser, was sentenced Friday to 33 months in prison after being convicted in October of using $245,000 of clients’ funds for his personal benefit. Federal Judge David Hamilton also ordered Snyder, 46, to pay $177,000 in restitution to two clients. The clients were Tech Traders Ltd., which was based […]
Declining claims have prompted car insurance companies to lower rates in Indiana, according to The Journal Gazette of Fort Wayne. Insurers’ experience in the state has been favorable overall in recent years, even though they paid out millions of dollars on claims stemming from the hailstorm that struck central Indiana in April 2007. An insurer […]
Keira Amstutz, a key player in former Mayor Bart Peterson’s cultural tourism push, today will be named president and CEO of the Indiana Humanities Council. Amstutz, who served as chief counsel and director of policy under Peterson, takes over April 14. The position has been vacant since May 2007, when Scott Massey resigned to lead […]
The Naptown Roller Girls are proving so popular, the locally-based team is looking for a bigger venue. In only its second season playing at the State Fairgrounds’ Toyota Blue Ribbon Pavilion, the team’s…
Targanta Therapeutics Corp., a Massachusetts antibiotic-development firm with strong ties to Indianapolis, lost $10.7 million in the fourth quarter, $1 million more than it lost in the same quarter a year earlier. The company is commercializing an antibiotic developed by Eli Lilly and Co. to fight skin cancer. Targanta had its headquarters in Indianapolis before […]
For me, the weekend included lots of reading for upcoming book reviews, a visit with Dance Kaleidoscope (review to appear in next week’s IBJ) and screenings of the classic “Mildred Pierce” and the less-than-classic “Horton Hears a Who.”
So what did…
“They” have gone home. “They” are the neighbors we asked to serve in the Indiana General Assembly. They are reasonable, pleasant, well-intentioned people who act like irresponsible, ignorant and fearful children when organized into caucuses. Legislators in a caucus are similar to slaves in a galley ship, coerced to move to the beat of a single drum, rowing in unison, not knowing where their efforts will lead. Our legislators spent months chanting old sea ditties about property tax reform. Now…
When Unique Home Solutions owner Bob Dillon started thinking about retirement, he knew he didn’t want to sell his company to the highest bidder. After all, he and his 125 employees worked hard to establish a corporate culture that has helped the service firm triple revenue in recent years-and win the Better Business Bureau’s Torch Award for marketplace ethics four times. So like a growing number of baby boomers, Dillon is planning to sell the business to his staff through…
The practice of economics certainly can compel a man to cynicism. Take, for example, tax reform. I’ve testified on tax reform before legislatures in three states and one foreign country. Each had much bigger tax problems than does Indiana. Today, in each of those places, several solid proposals languish under the assault of special interests, much to the chagrin of taxpayers. Here in Indiana, the story is different. The past few months have seen reasoned and informed debate on property…
I grew up on the outskirts of Omaha, Neb.; Lafayette and Fort Wayne. Each time we moved, we wound up near the line where the suburbs met the farm fields. For a kid, this had advantages. You could ride your bike down miles of country roads, hike through newly plowed furrows or climb through construction sites after the Amish workers had called it a day. Mostly, you watched one world advance and the other retreat. The houses in our neighborhoods…
Property tax reform took center stage during the just-completed session of the Indiana General Assembly. But lawmakers also grappled with a host of other measures with business implications. A roundup appears below. ILLEGAL IMMIGRATION ENFORCEMENT One of the session’s most divisive issues-whether to penalize companies that hire illegal immigrants-died during the waning hours. Under the legislation, introduced by Sen. Mike Delph, R-Carmel, companies could have had their business licenses suspended, or revoked after three instances. The Senate and House passed…
Among those who stake their livelihood on tourism there is a sense that Brown County is at a crossroads. That dilemma is evident
in decisions about whether to refurbish aging hotel rooms, update restaurant decor or close shop for the off-season.
Noble Roman’s Inc. has taken over the operation of six franchised restaurants in Indianapolis in a bid to prove its concept
can be executed profitably. The move–which comes amid a chorus of discontent from franchisees and as the company explores
the possibility of selling itself–could help the 1,000-restaurant chain avoid the embarrassment of store failures in its
own back yard.
The 2008 legislative session is history, and makes history with a property tax reform package that goes a long way toward Gov. Mitch Daniels’ goal of enacting one that is fair, final and farreaching. Give him the lion’s share of the credit for establishing the philosophical and practical framework. Majority House Democrats didn’t propose their own property tax plan, but they largely embraced the governor’s plan and successfully played a few new strategic riffs that Republicans found didn’t disrupt the…
For most of Indianapolis-based WellPoint Inc.’s six years as a public company, it’s been a Wall Street darling. Even with the company’s stock down by nearly half since January, it still boasts sterling long-term performance. Since their October 2001 debut, the shares have appreciated 120 percent, obliterating the 18-percent advance of the S&P 500. But that’s yesterday’s news. Management has been on the hot seat since March 10, when the company announced it was slashing its earnings forecast because medical…
The local office of Cleveland-based KeyBank has hired a banking veteran to lead a revamped mortgage department that will boast a larger sales force. And locally based mortgage firm Signature Group recently completed construction of its new headquarters and added three brokers. In this climate of ballooning foreclosures and rising interest rates, one might wonder whether executives of the aforementioned institutions are reading the wrong spreadsheets. To the contrary, despite the gloomy picture monthly housing statistics paint, they are among…
Property tax reform is now Indiana law. Hoosier homeowners are thrilled. But many corporate leaders grumble the historic deal was brokered on the backs of business. Topping their concerns is the new 3-percent property tax cap for commercial and industrial properties, which they fear will slow business expansions and discourage companies from moving headquarters to the state.
Anthem Insurance Co. added nearly 75,000 commercial customers last year, pushing its total up more than 4 percent. Anthem,
a subsidiary of Indianapolis-based WellPoint Inc., now claims a whopping 1.8 million commercial customers in the state. The
trouble is, Anthem’s dominance limits price competition, according to benefits brokers, making it hard for local HMOs such
as M-Plan or even some national players to compete.
SMALL BUSINESS PROFILE MATRIX LABEL SYSTEMS INC. Label maker manufacturing growth – again Fourth expansion project set to open this summer Within a month, Plainfield-based Matrix Label Systems Inc. will break ground on a fourth addition to its central Indiana facility, adding nearly 17,000 square feet of warehouse space and potentially more workers. That’s just the latest growth spurt at the 23-year-old company that started out of a garage and now has 50 employees and $15 million in annual revenue….
I try to avoid leading this column with commentary on productions that have come and gone. While I steadfastly believe it’s valuable to keep such productions in the mix, I appreciate that many of you aren’t as interested in what happened as you are in what’s still happening. Still, I think there’s use in talking about some weekend-onlys and onenighters. If I share, for instance, that Indianapolis Opera’s production of “Tosca” (March 14, 16) offered a compelling, entertaining, and often…
