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Court files grow thick against Guidant: Shareholders, patients, employees air their grievances

“Attention, patients with Guidant heart defibrillators,” the announcer’s voice booms as the television commercial begins. Nearly 50,000 of the devices were recalled June 17, and people using one may be at risk, according to the ad, which has run in Tennessee, Kentucky and central Indiana so far. It ends by urging viewers to call the Becker Law Office in Louisville for a free consultation. That ad could spawn at least 10 wrongful-death lawsuits, according to Gregory Bubalo, a Louisville-based lawyer…

Man Alive plans big growth: Chain expects stores to double by 2007

Locally based athletic apparel giant Finish Line Inc. is laying plans for an aggressive expansion of Man Alive, the local hip-hop clothing chain it bought in a surprise move six months ago. Man Alive is expected to balloon from 38 stores to 78 by the end of next year. Eventually, Finish Line CEO Alan Cohen said, Man Alive could grow to 400 stores nationwide, providing Finish Line with an avenue for growth as its own rapid expansion begins to play…

FOR SALE?: Churchill Downs may be ready to sell struggling Hoosier Park

“I’m not sure Churchill Downs has put a deadline on this issue, but rest assured, they’re constantly evaluating their portfolio,” said Ed Feigenbaum, publisher of Indiana Gaming Insight. Churchill Downs sold Hollywood Park for $260 million to San Francisco-based Bay Meadow Land Co. The lofty price was based largely on the value of land in southern California. Analysts say Hoosier Park, which sits on 100 acres rented from the city of Anderson, would fetch a fraction of that price. Industry…

Researchers seek fuel-cell answers: Universities, companies see long-term potential in alternative power device

The figure-eight slot-car track in the basement laboratory at IUPUI looks out of place amid the expensive computer equipment surrounding it. But when research assistant Alan Benedict fumbles with a few wires and the cars come to life, it becomes clear the racetrack is more than just a toy. The miniature cars operate on fuel cells and are part of Purdue University’s exploration into the alternative power source. Scientists across the country are studying the clean power alternative, stoked by…

Fever reverse attendance slide, grow sponsorships: League still working to stabilize, diversify fan base

The Indiana Fever have reversed a fouryear attendance slide at a time when most WNBA teams are sliding backward. The team, owned by Pacers Sports & Entertainment, has seen average per-game attendance grow from 7,589 last year to 7,926 this year. With the Fever in the playoff hunt in second place in the Eastern Conference and several promotions planned, team officials expect average attendance to climb higher the second half of the season. “The lifeblood of the WNBA is ticket…

ECONOMIC ANALYSIS: Have surging gas prices lost their stinging power?

Have you checked out the satellite radios that are showing up everywhere nowadays? They’ve got a button and a station for just about everything. If you want to hear music from the 1960s, or the 1940s, it’s yours at the press of a button. If the radio gave you economic news, and you hit the button marked 1980s, you might get something like this: Oil prices skyrocket, inflation roars, car sales plummet and the economy plunges into recession. But hit…

BULLS & BEARS: A little market history can predict your future

A baby-boomer client told me the other day that his wife was concerned whether they were going to have enough money for retirement 20 or 25 years from now. This couple’s retirement income concern is common and is one of the top worries boomers have, even ranking above their fear of sponge baths. To address this fear, you could pay a financial planner a few hundred bucks to do a whiz-bang, multi-page retirement projection using “Monte Carlo” simulation. The planner…

Diversity marketing gains steam in central Indiana: Ad agencies helping convey cultural revelancy

Ethnic or diversity marketing, once confined to major cities such as Dallas, New York and Los Angeles, is taking hold in Indianapolis. “We have seen a gradual but growing response among clients to communicate to a multicultural audience,” said Clyde Bodkin, president of locally based Bodkin Associates Inc. “Not everyone is in the same place, but smart companies are finding culturally sensitive, culturally relevant ways to communicate to their target markets.” Diversity marketing is the fastest-growing sector of Bodkin’s 14-person…

EYE ON THE PIE: Can policymakers take the truth?

We met across the street from the Statehouse, a place where smokers are still welcome. In a deep doorway, unseen from office windows or by pedestrians, stood my friend, Sore Throat. “After Deep Throat was unveiled, I didn’t know if you would show up,” I said. He gave a guttural laugh. “Hey, I’m still here. You can change the parties, but the Webees remain.” “The Webees?” I queried. “Yeah,” he growled. “They put in their new people at the top,…

Travel firm says aloha to ATA deal: Hawaii pact with Southwest may ease loss of business from Pleasant Holidays

ATA Airlines Inc., plotting a new business plan that includes “maintaining and possibly expanding scheduled service to Hawaii,” has lost a key contract that had bolstered its lucrative lift to the Aloha State. The end of the agreement with the travel service Pleasant Holidays, starting in January, will be eased partly by a new code-sharing deal the Indianapolis carrier reached with Southwest Airlines last month, according to the increasingly Southwest-dependent ATA. West Lake, Calif.-based Pleasant Holidays pre-purchases tickets on ATA….

Major Hospital brings physician practices into the fold: Smaller doctor groups find health systems attractive

Major Hospital went on a buying spree toward the end of last year, and it had nothing to do with the holiday season. The Shelbyville hospital purchased three physician practices as part of an effort to help doctors and to make Major a “physician-friendly hospital,” Major Hospital CEO Tony Lennen said. “I’ve always felt if our physicians do well, we’ll do well,” he said. “Our goal down here is, ‘Is there some symbiotic way we can coexist?’ “We’ve always been…

Colts tout new stadium: Zupancic adds muscle to sales and marketing efforts

A multifaceted sales and marketing effort is being executed amid a front-office reorganization that includes replacing the team’s longtime marketing mastermind and adding nine positions to bolster ticket and sponsorship sales. The offensive is being quarterbacked by former strength and conditioning coach Tom Zupancic, who took over for Ray Compton when Compton left this off-season to form a consulting firm. The team says its sales and marketing initiative is already putting up big numbers, but today’s good news will quickly…

Degree combines medicine, business: IU grads put in 5 years to earn combo MD/MBA

Tell people you have your MD and they’ll likely be impressed. Tell them you also have an MBA-well, now you’re just showing off. For four recent Indiana University graduates, however, impressing others had nothing to do with their decision to pursue simultaneous medical and business degrees. It’s all about making their way in the increasingly complicated field of health care, where being a good doctor is about more than having the highest grades in medical school. The four students received…

ECONOMIC ANALYSIS: My city is bigger than your city, or is it?

Does anyone remember the World Almanac? Perhaps not. But in the Barkey household of many years back, it was a well-worn little book. Especially those pages where populations were listed for every city in the country. That’s where we could proudly look up our own hometown and see where we stood against everyone else. We’re still doing that, of course. The paper books are gone, naturally, replaced by Web pages from the Census Bureau that pop up at the click…

Historic battle settled: Prairie pact lays out plans without judging past practices

But whatever Earlham College puts in the 41-year history of credits and debits, it will have no bearing on the resolution of a decades-long dispute over control of the Hamilton County attraction. That deal is largely done. Carter and Earlham board Chairman Mark B. Myers ended nearly two years of negotiation July 5, putting quill-topped ballpoint to paper in front of a cheering crowd in the museum’s Welcome Center. The agreement-which frees Conner Prairie from Earlham’s control and calls for…

Women find niche leading credit unions: Unique nature of those financial institutions may explain why females thrive there

Karla Salisbury started her career at a savings and loan that was later purchased by an out-of-state bank. After a few years, she foresaw that she might have to relocate to advance in the company, “and that was not part of my plan,” Salisbury said. So she did some research to see where her best opportunities might be. One thing she investigated was how many women there were in upper management in banks vs. credit unions. She found the top…

CHRIS KATTERJOHN Commentary: The Prairie is saved at last!

Few things in the not-for-profit world have gotten my dander up more than the ongoing saga of Conner Prairie the last two years. More to the point, I have been dismayed by the disrespect and lack of gratitude shown by Earlham College toward a dedicated board and CEO who worked so hard to put the museum on the map before being summarily fired by the school in 2003. Thanks to reporter Andrea Muirragui Davis, our newspaper has led the local…

Employers promoting fitness: To battle steep insurance costs, businesses help employees get healthier

Wearing a pedometer, Kelly Dircksen treads 2,000 or so steps a day at the office, racking up her highest counts in her treks to the photocopier. Her 2-1/2-mile daily goal entails after-work walks, as well. The 34-year-old quoting specialist said her company pays 50 percent of any fitness-related costs for her and her family, including a Weight Watchers program, running shoes for her kids, and the entry fee for her son’s marathon. “I’m definitely healthier,” said Dircksen, who celebrates incremental…

CIWBC director has worked in both the corporate and small-business worlds:

If Sharon O’Donoghue isn’t the most ideal person to run the Central Indiana Women’s Business Center, she has to at least be in the top five. O’Donoghue’s varied background, which includes working for a Fortune 500 company, as well as running a small business, is one of her primary assets. But her passion for helping women business owners identify and reach their goals is almost palpable when she talks-enthusiastically and endlessly-about what she’s doing as director of the CIWBC. “I…

SPORTS: If heroes fail as role models, put yourself in the game

– Luke 12:48 In light of the above Scripture, many would agree that among the most blessed creatures on this Earth are professional athletes. As has been noted often, they receive handsome compensation to play games, and it doesn’t really get much better than that, does it? Along with the fortune, however, comes celebrity, and from celebrity comes attention. That means there are no non-public public moments. The spotlight illuminates both the good and the bad. These thoughts come to…