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BEHIND THE NEWS: A spicy spat is under wraps: Judge seals auditor lawsuit

July 3, 2006

National Wine and Spirits Inc., Indianapolis’ eighthlargest private company, in early June sued accounting giant Ernst & Young, charging “fraud and deception.” But don’t expect to peek into the court file to get the juicy details. Marion Superior Court Judge S.K. Reid on June 20 granted National Wine’s motion to seal the complaint. Court filings suggest the liquor distributor filed the motion at the behest of E&Y-which argued that because the dispute arose out of arbitration, and that process is…

IPS swap a flop?: Browning tells district to drop land-trade plan; site drew just 3 bids despite prime location

July 3, 2006

Indianapolis Public Schools is sitting on a 12-acre parcel of prime downtown land it probably could sell for big bucks. But its pursuit of a land swap instead has tempered interest in the site and raised questions about whether such a complicated deal is the way to go. Just three developers responded to IPS’ request for bids on its land east of Massachusetts and College avenues, despite the unsolicited inquiries that drove the school district to explore its options in…

SPORTS: Another victory for Indy-at Chicago’s expense

July 3, 2006

First the Big Ten basketball tournaments. Now the Western Open. Maybe those broad shoulders are beginning to sag a bit. The news that Chicago-longtime host of the prestigious Western Open-is now going to share its PGA Tour stop with Indianapolis/Carmel (Crooked Stick), St. Louis (Bellerive) and quite likely Minneapolis (Hazeltine National) was another blow that sucked some of the air out of the Windy City. Chicago Tribune golf writer Ed Sherman called it “the worst deal for Chicago golf fans…

Indianapolis marketing firm plays ‘game’ to win: Fun environment helps CIK Enterprises earn reputation as a ‘best’ place to work, inspires employees to give their all

June 26, 2006

Business is often compared to a game. There are winners and losers, MVPs and benchwarmers, touchdowns and penalties. Only the strong survive. The leaders at Indianapolis-based CIK Enterprises LLC take the competition seriously. But they don’t see why it can’t be fun, too. CIK’s 30,000-square-foot Georgetown Road office, known as “the stadium,” features green, blue and orange walls, some of which are rounded. Huge puzzle pieces listing company goals decorate the spacious atrium. A life-size Monopoly board displays monumental moments…

Builder targets entire block: Centex in talks to buy land from Shapiro’s Deli, others for downtown development

June 26, 2006

A national home builder is negotiating to purchase an entire downtown block for a retailand-residential development-a project that could temporarily displace the landmark Shapiro’s Deli. Dallas-based Centex Corp. says the block southeast of the planned Lucas Oil Stadium is among several downtown-area locations it is reviewing for its first local foray into urban residential development. Brian Shapiro, owner of Shapiro’s Deli, 808 S. Meridian St., said he has not reached a final agreement to sell his property. But he hinted…

Scrapping it: Flurry of area shops close the books on once-hot business

June 26, 2006

Forget-Me-Not in Greenwood will soon be forgotten. The store, which sold scrapbook albums and supplies, closed last month. It was the latest of at least seven scrapbook stores to close in the past few months in central Indiana. Business analysts are calling the rash of out-of-business signs a cautionary tale for proprietors who invest in “silo businesses” that base their bottom line on a trend or product that may soon be out of style. “A lot of the mom-and-pop [scrapbook]…

Ex-Chamber chief buys Daleville testing firm: Deal gives LaMothe one-third ownership, CEO post

June 19, 2006

Now, he’s an owner himself. This month, he teamed with two prominent executives to buy Dalevillebased Sherry Laboratories, a 180-employee company that does product testing for firms in such fields as aerospace and automotive. “I’ve been interested in Sherry for about 10 years,” LaMothe said. “I had approached them two or three different times … . I was intrigued with the company because I believed it was needed and necessary and adds value to society.” LaMothe will serve as chairman…

Lots of new office space planned along North Meridian: Some say corridor is beating out Keystone

June 19, 2006

When Walker Information Inc.’s lease was up on its Keystone-area offices, it looked citywide for new space. In February, the company signed a lease for space in a building along the North Meridian Street corridor because it got a good deal from Lauth Property Group Inc., according to Walker’s broker, Samuel F. Smith, of Resource Commercial Real Estate. Several area developers are betting that others will follow Indianapolis-based Walker’s lead, lured by the prestige of a North Meridian Street address….

Hospital plan gets chilly reception from neighbors: Homeowners worry about location of St. Vincent’s Seton Specialty Hospital

June 19, 2006

Concerns about oxygen tanks and noisy delivery trucks have cropped up since St. Vincent unveiled plans last winter for the long-term, acute-care hospital on Township Line Road. “They just kind of stomped in and said, ‘This is what we’re going to do,'” said Beth King, a resident of Spring Hill Place, a 40-home subdivision on the site’s northern border. However, hospital officials, who are preparing for a ground breaking on the $17 million project this month, say they made several…

Hilbert estate drawing some offers: Letterman, Babyface, Judd not interested

June 19, 2006

Colts quarterback Peyton Manning passed on a chance to buy the Carmel estate built for Conseco Inc. founder Stephen Hilbert that’s on the market for a cool $20 million. Pacers forward Jermaine O’Neal also rejected the opportunity a couple of times, real estate broker Dick Richwine said. Nearly a year after it went up for sale, the Carmel property labeled the most expensive home in Indiana is still searching for the right buyer. But a recent flurry of interest and…

Site gets people involved: Institute uses Web to link volunteers with opportunities

June 19, 2006

When Roger Williams began approaching local not-for-profits early this year about his idea to post their volunteer opportunities for teen-agers on his Web site, many were skeptical. “What’s this guy trying to sell me?” they wondered. But six months after launching www.helpindyonline.com, part of his larger Emergent Leadership Institute, Williams has more than 80 charities promoting nearly 300 positions on his site for high school and college students interested in volunteering. The 36-year-old Carmel native and former youth pastor founded…

Buzzing with Activity: Unique Broad Ripple biz ready to offer franchises

June 12, 2006

Buzzing With ActivityUnique Broad Ripple biz ready to offer franchises For business partners Wendy Reed and Pam Weaver, life these days is starting to look a lot like the frenzy their company name projects: Sugar Buzz. They’re not really hopped up on sweets, but the Indianapolis women are flying high nonetheless-buoyed by the glory of being featured in a national magazine and the promise of franchising their unusual mix of children’s parties and dropin day care. The longtime pals combined…

eImagine Technology Group: Technology firm aims to deliver service with its software Owner: Hiring good employees key to small company’s success

June 12, 2006

Communication-and simplicity-can be a challenge when it comes to tech talk. “It’s like the old adage, if you ask a tech guy what time it is, he’ll tell you how to build a watch,” said Joel Russell, president of Indianapolis-based software developer eImagine Technology Group. But Russell works around potential “lingo” problems when he’s meeting with customers. No matter the industry, he looks for ways to automate inefficient processes using computer software. His goal is to save his clients time…

Golf club member tees off investors: Lawsuit over $7.4M in losses casts light on little-regulated world of penny-stock promotion

June 12, 2006

By the time he graduated in 1985, Tony Altavilla ranked third in career touchdown receptions at Wabash College in Crawfordsville, an all-male institution that likens itself to the best conservative liberal arts colleges of New England. His star rose again recently, when the member of Carmel’s Crooked Stick Country Club led a committee that helped the Pete Dye-designed course score the 2009 U.S. Senior Open Championship. But the Wabash man and golfing buddy of the affluent now finds himself in…

Executive Pay Special Report: WORTH IT?: Top brass still collects big packages, but ties to company performance grow

May 29, 2006

Michael Doar once had to give back part of his salary. How times change. Now CEO of Indianapolis-based Hurco Cos. Inc., Doar offers more bang-for-the-buck than any chief executive in the state, according to an in-depth study of salaries and shareholder returns by IBJ. One would shudder at the t h o u g h t o f Hurco’s board asking Doar to forfeit a penny of his modest salary, as he did one year in the ’90s when the…

Standard Life turns page, rolls with changes: A year after sale, firm improves rating, makes profit

May 29, 2006

Standard Life Insurance Company of Indiana has much to celebrate as it passes the one-year anniversary of its sale to Capital Assurance Corp. Profitability, a rating upgrade and product launches all are among the positives the company can tout since it gained new life and left behind old owner Standard Management Corp. last June. Standard Life notched a $15.8 million profit last year, due mostly to a gain from the sale of its life insurance business. Subtract that, though, and…

Insurance compact clears big hurdle: Initiative’s aim is to cut red tape, improve speed

May 29, 2006

A nationwide effort that would let some insurance sectors push products to market quicker is set to become reality, after Ohio became the decisive state to enter the consortium earlier this month. The multistate compact for life insurance, disability, annuity and long-term care products creates a single point of filing for providers. The object is to cut down on the time it takes insurers to seek approval from every state in which they operate before introducing or setting rates for…

Artery severed, but life goes on TOM HARTON Commentary:

May 22, 2006

Jane Jacobs, the noted urbanist, fought a battle in the late 1960s that prevented a freeway from wiping out the neighborhoods of lower Manhattan. Tom Battista, a local entrepreneur, is fighting-and some would say winning-the battle that becomes necessary when a freeway does wipe out a neighborhood. When Jacobs died last month she was famous for two things: her book, “The Death and Life of Great American Cities,” written in 1961, which eloquently stated the need for diversity, density and…

Conseco hoping to settle: Class action accuses insurer of misleading its customers about life insurance costs

May 22, 2006

Conseco Inc. appears close to resolving a class-action lawsuit that encompasses 75,000 polices and accuses the company of duping customers about the cost of insurance. The Carmel-based company said in a regulatory filing that it has entered settlement talks “in an attempt to avoid the risks and costs of protracted litigation” and has set aside an undisclosed amount of money toward resolving the matter. At issue are so-called Lifetime and Lifestyle universal life insurance policies purchased by customers nationwide in…

Mira banquet honors excellence in Hoosier high tech: TechPoint awards often precede market success

May 22, 2006

TechPoint’s Mira Awards, which were to be handed out May 19, celebrate excellence in Hoosier innovation. The annual awards banquet also serves as a pretty good bellwether of who’s poised for a big payday. For example, TechPoint honored Indianapolis-based medical device-maker Suros Surgical Systems Inc. with a Mira award three years before Massachusettsbased Hologic Inc. acquired Suros for $240 million in April. In 2003, TechPoint also recognized Carmel-based banking software-maker Baker-Hill. California-based Experian bought Baker-Hill last August for an undisclosed…

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People

Kurt Beier

Articles

BEHIND THE NEWS: A spicy spat is under wraps: Judge seals auditor lawsuit

IPS swap a flop?: Browning tells district to drop land-trade plan; site drew just 3 bids despite prime location

SPORTS: Another victory for Indy-at Chicago’s expense

Indianapolis marketing firm plays ‘game’ to win: Fun environment helps CIK Enterprises earn reputation as a ‘best’ place to work, inspires employees to give their all

Builder targets entire block: Centex in talks to buy land from Shapiro’s Deli, others for downtown development

Scrapping it: Flurry of area shops close the books on once-hot business

Ex-Chamber chief buys Daleville testing firm: Deal gives LaMothe one-third ownership, CEO post

Lots of new office space planned along North Meridian: Some say corridor is beating out Keystone

Hospital plan gets chilly reception from neighbors: Homeowners worry about location of St. Vincent’s Seton Specialty Hospital

Hilbert estate drawing some offers: Letterman, Babyface, Judd not interested

Site gets people involved: Institute uses Web to link volunteers with opportunities

Buzzing with Activity: Unique Broad Ripple biz ready to offer franchises

eImagine Technology Group: Technology firm aims to deliver service with its software Owner: Hiring good employees key to small company’s success

Golf club member tees off investors: Lawsuit over $7.4M in losses casts light on little-regulated world of penny-stock promotion

Executive Pay Special Report: WORTH IT?: Top brass still collects big packages, but ties to company performance grow

Standard Life turns page, rolls with changes: A year after sale, firm improves rating, makes profit

Insurance compact clears big hurdle: Initiative’s aim is to cut red tape, improve speed

Artery severed, but life goes on TOM HARTON Commentary:

Conseco hoping to settle: Class action accuses insurer of misleading its customers about life insurance costs

Mira banquet honors excellence in Hoosier high tech: TechPoint awards often precede market success