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BEHIND THE NEWS: Pending IPOs bode well for tech startups of tomorrow

January 28, 2008

Initial public offerings often are bonanzas for company management and other insiders. In the case of Aprimo Inc. and ExactTarget Inc. -two Indianapolis software firms on deck to go public-a throng of local business and technology leaders who provided early financial backing would see a rich payoff as well. Filings with the Securities and Exchange Commission show the companies snared as investors a who’s who of Indianapolis business, from former venture capitalist Bob Compton to financial adviser David Knall and…

Woods Industries in Carmel to close

January 25, 2008

Carmel-based Woods Industries Inc., which manufactures and imports electrical products, is being closed, according to a notice posted by the Indiana Department of Workforce Development. The closing will result in displacing 68 workers by April 25, the notice said. Woods was acquired in November by Coleman Cable Inc. of suburban Chicago. Coleman manufactures electrical and […]

New students, locations propel ITT profit

January 24, 2008

ITT Educational Services Inc. reported today that fourth-quarter profit shot up 18.6 percent, to $48.5 million, on rising enrollment and the opening of new locations. The Carmel-based operator of technical schools said revenue was $230.4 million, up 11.7 percent from the year-ago period. The $1.20 per share in profit exceeded the $1.17 anticipated by analysts […]

Court rules against former Conseco director

January 22, 2008

The Indiana Court of Appeals yesterday upheld an $8 million judgment that Conseco Inc. won against former director James D. Massey, who once was president of Merchants National Bank in Indianapolis. In the 3-0 decision, the court agreed with Hamilton County Judge Steve Nation, who declared that Massey still owed Conseco for $8 million in […]

Westfield hopes to draw business farther north

January 21, 2008

Westfield hopes to draw business farther north New development could reduce residential tax rates Judge and Ging Jones moved to Westfield more than a decade ago to escape the congestion and crowds of Carmel. They wanted to live in a safe, friendly community with good schools where they could leave their doors unlocked during the […]

Spotlight on Hamilton County

January 21, 2008

Spotlight on Hamilton County Named for Alexander Hamilton, a member of the Continental Congress and a framer of the U.S. Constitution 5 LARGEST CITIES/TOWNS population Fishers ………………………………………61,840 Carmel ………………………………………60,570 Noblesville ………………………………….40,115 Westfield ……………………………………13,444 Cicero …………………………………………4,400 5 LARGEST EMPLOYERS employees Sallie Mae…………………………………….2,300 Conseco Inc. …………………………………2,300 Marsh Supermarkets Inc………………….1,650 Resort Condominiums International ….1,200 EDS Corp. …………………………………….1,200 COUNTY […]

BOONE COUNTY

January 21, 2008

BOONE COUNTY Hotel, water park planned Two projects, including a hotel and water park complex, are poised to join Duke Realty Corp.’s Anson development at the Interstate 65 and State Road 334 interchange. An affiliate of locally based Street Corner Group LLC expects construction to begin this year on the $50 million water park/hotel project […]

Entrepreneur grows local autism center: With new building, center looks to triple in size

January 21, 2008

He started his own business and has grown it 17 percent a year. Now, Indianapolis entrepreneur Jeff Medley is using his know-how to ramp up a not-for-profit autism therapy center he helped found in the summer of 2003. As president of the Verbal Behavior Center for Autism, Medley led the center’s move to a larger building near 96th Street and Keystone Avenue Nov. 1. Now the center is adding students as fast as it can hire therapists to work with…

Former RCA industrial site to get $20M rehab

January 21, 2008

A Bloomington company that revived a former Thomson Consumer Electronics/RCA plant in that city is taking a shot at redeveloping
one of the largest industrial eyesores in Indianapolis, also a former RCA complex. Pinnacle Properties plans to spend $20
million redeveloping the 13-building property northwest of Sherman Drive and East Michigan Street.

Lawmakers call for advocate to support airline passenger ‘rights’

January 21, 2008

Northwest Airlines flight 1829–stranded on a Detroit taxiway for seven hours with lavatories overflowing and the 198 souls
aboard without food or water–has now landed at the Indiana General Assembly. Two Republican lawmakers have proposed creating
an “airline consumer advocate” to resolve disputes on behalf of passengers who’ve endured poor service.

Westfield hopes to draw business farther north: New development could reduce residential tax rates

January 21, 2008

Back when they arrived in 1996, there were lots of open spaces and taxes were low, Jones said. “Overall, it was a good place to live,” he said. Jones said he still loves living in Westfield, which is 20 miles north of Indianapolis. But he admits things are changing, which is a double-edged sword. Eight years ago, according to the U.S. census, Westfield had just 9,300 people. Now, it’s a rapidly growing city with a population of 24,000, an increase…

Upscale mainstay Glass Chimney ending its 32-year run

January 21, 2008

Lured to America in 1967 by brothers who owned restaurants in Cincinnati and Indianapolis, Dieter Puska has spent the past
32 years–nearly half his life–as owner and chef of the elegant Glass Chimney restaurant in Carmel. So it was a bittersweet
moment when he told his employees this month that he is hanging up his chef’s coat and giving up his 70-hour workweeks to
retire.

Who wants a piece?

January 15, 2008

A Michigan-based bakery and cafe concept plans to open as many as six new restaurants in Indianapolis, beginning with a location at U.S. 31 and Stop 11 Road. Grand Traverse…

Roberts closes Bloomington photography store

January 15, 2008

The unrelenting growth of Internet sales has prompted Indianapolis-based Roberts Distributors LP to shutter its Bloomington store. General Partner Bruce Pallman said the store, located on Kirkwood Avenue near the Indiana University campus, will close Feb. 29 after 12 years in business. It had bled more than $100,000 a year for three years in a […]

Mental health docs tap executive market: Carmel’s Indiana Health Group opens high-end suite

January 14, 2008

Greg Sipes likens the new executiveservices suite he and his partners opened three months ago to a BMW. Its quality is solid, to be sure, but what makes people want to drive it is its look and feel. It’s an apt comparison for the 2,500-square-foot wing of the new offices of Sipes’ behavioral health practice, Indiana Health Group. A set of boardroom-like double doors leads to a waiting room with shiny hardwood floors, dark wood paneling, plush rugs, overstuffed chairs…

Real estate exec with lavish lifestyle accused of $160M fraud

January 14, 2008

A high-flying Carmel businessman who moved his base of operations to Miami a couple of years ago is accused of burning through
$160 million of investors’ money in the collapse of his real estate empire.

Naked in Carmel

January 9, 2008

Few would object, on the one end, to a Norman Rockwell painting being hung in an art gallery window.

Few, at the other end, would approve of a city park screening of a Jenna Jameson skin flick.

But where is the line…

Super hero museum closes

January 8, 2008

Superman leaps tall buildings in a single bound (note: If he can fly, why does he bother leaping? Just asking).

Dane Nash took his own enormous leap—of faith—when he decided to put his Superman and Batman memorabilia collection—including a full-sized Batmobile…

GramTel acquired by Cincinnati Bell

January 8, 2008

South Bend-based GramTel USA Inc. has been acquired by Cincinnati Bell Inc. for about $20 million. GramTel, which was a unit of Chicago-based Jordan Industries Inc., provides disaster recovery, data backup and related services. It expects to post revenue of about $5 million for 2007, a 73-percent increase from 2006. In early December, Cincinnati Bell […]

New mutual fund launched in Carmel

January 7, 2008

A father and son have started a mutual fund in Carmel based on an investment strategy they used for their personal investments, and which they say left Standard & Poor’s 500 returns in the dust. Bob Auer, who was vice president of investments at Morgan Stanley from 1986 to August 2007, and his father, Bryan […]

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8,769 results for 'Carmel'

People

Kurt Beier

Articles

BEHIND THE NEWS: Pending IPOs bode well for tech startups of tomorrow

Woods Industries in Carmel to close

New students, locations propel ITT profit

Court rules against former Conseco director

Westfield hopes to draw business farther north

Spotlight on Hamilton County

BOONE COUNTY

Entrepreneur grows local autism center: With new building, center looks to triple in size

Former RCA industrial site to get $20M rehab

Lawmakers call for advocate to support airline passenger ‘rights’

Westfield hopes to draw business farther north: New development could reduce residential tax rates

Upscale mainstay Glass Chimney ending its 32-year run

Who wants a piece?

Roberts closes Bloomington photography store

Mental health docs tap executive market: Carmel’s Indiana Health Group opens high-end suite

Real estate exec with lavish lifestyle accused of $160M fraud

Naked in Carmel

Super hero museum closes

GramTel acquired by Cincinnati Bell

New mutual fund launched in Carmel