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NOTIONS: A primary primer on the need for simpler government

May 1, 2006

Do you know the name Kelly Bentley or Derek Redelman? Michael Brown or Michael Rinebold? How ’bout Barbara C o l e m a n – K n i g h t , Barry Campbell, Judie Williams, Karon Williams, Maureen Jayne, Milton Baltimore Jr. or Olgen Williams? Even if you’ve heard these names, do you know these people’s backgrounds, what experience they bring to the table, what they preach and practice? Do you know who, if anyone, supports them financially…

Cleveland tech firm going west: Parker Hannifin falls short of employment promises, plans to leave Intech Park

May 1, 2006

A Cleveland-based technology giant plans to move its Intech Park operation next month, leaving behind some attractive office space and a broken promise to create jobs. Parker Hannifin Corp. will consolidate its Indianapolis location into a California site, spokesman Jim Cartwright said. It should empty its 30,700-square-foot offices in the park’s Intech 10 building by the end of June. The move will have no impact on Parker Hannifin’s Tell City production facility, which employs about 100 people who make industrial…

CHRIS KATTERJOHN Commentary: Congress should resurrect immigration compromise

April 17, 2006

As I left work April 10, I noticed a steady stream of cars pulling off Washington Street into the IBJ Corp. parking lot. The cars were full of Hispanics who had come downtown for the Big March. The sidewalks, too, held a steady flow of Hispanics heading east toward what turned out to be one of the largest public political rallies in city history. Most of the people I saw looked young-in their teens, 20s or 30s-and seemed to be…

Aearo aiming for IPO: Giant in safety equipment wants to raise $230 million, plans overseas expansion

January 16, 2006

An Indianapolis company that makes earplugs, hard hats and other protection gear used by everyone from soldiers to construction workers has laid the foundation for an initial public stock offering. Aearo Technologies Inc. plans to raise up to $230 million in the offering and list its shares on the New York Stock Exchange, according to its registration statement filed late last year with the U.S. Securities and Exchange Commission. But the filing leaves blank a number of key details-such as…

Women inventors pursue their creative dreams: From doggie car seats to valve-less hydraulic systems, these visionaries keep creating practical products

December 12, 2005

Windshield wipers, disposable cell phones, Scotchgardâ„¢, the first automatic dishwasher, disposable diapers, Barbie dolls, nonreflective glass, brassieres, CPR mannequins and “whiteout.” These items have one key feature in common-they were all invented by women. Since the U.S. Patent and Trademark Office does not keep gender statistics, it is impossible to know exactly how many patents women hold. One thing is certain: since 1809 when Mary Dixon Kies became the first woman to receive a patent from the government, many other…

Tenacious spirit pays off for top real estate agent: With $45 million in 2005 home sales, Bif Ward just doesn’t give up when it comes to serving clients

October 10, 2005

Bif Ward has racked up some impressive numbers during her 26 years in residential real estate, and many think that’s because she caters exclusively to A-list clientele with pricey properties to buy and sell. But Ward is smart enough to know that brokering only for corporate bigwigs and local celebrities would get her nowhere fast, especially in a town where the average home price is just over $162,000. “All these expensive listings-if that’s all I did, I’d be broke,” said…

Browning launching $10 million equity fund: Firm seeking investors for local industrial properties

October 10, 2005

After 28 years in the real estate development business, Browning Investments Inc. is inviting investors to take a cut of some of its deals. The locally based firm plans to launch a private investment fund to buy properties, mostly central Indiana industrial buildings. Browning officials are working on raising $10 million in equity for a fund that will leverage debt to acquire $30 million to $40 million in properties. They hope the fund will be the first of several. The…

IU makes pigskin promotional push: New coach, aggressive advertising are part of multi-prong strategy to escape financial hole

August 29, 2005

The Indiana University Athletic Department is intent on reaping financial rewards from its football program for the first time in more than a decade with a marketing campaign built around its affable new coach, Terry Hoeppner. IU officials said they will spend nearly as much on marketing the school’s football program this year as on Hoeppner’s $250,000 base salary. Bolstering football attendance is a critical step toward stopping financial hemorrhaging in the school’s Athletic Department, IU officials said. In 2004,…

University Place getting major makeover: New owner IUPUI investing $13M in renovation of 18-year-old hotel

August 1, 2005

A hotel built during an era in which Indianapolis first laid claim to its title of Amateur Sports Capital of the World has a new owner that is spending millions of dollars to bring the structure into the new century. University Place Conference Center & Hotel, on the campus of IUPUI, opened amid the fanfare of the Pan American Games hosted by Indianapolis in 1987. Nearly 4,500 athletes from 38 countries converged on downtown, including a throng of media that…

An old-school approach: Woodley Farra Manion takes its large-cap strategy into the institutional market

July 25, 2005

Circa 1999, high-tech growth stocks were going up, up, up. Professional investment advisers hardly seemed necessary. And a strategy focused on unadventurous large-cap value sounded downright old school. “There were clients at the cocktail parties,” remembered Woodley Farra Manion Portfolio Management Inc. cofounder and principal George Farra. “They heard about their friends who had [quickly] doubled their money, and it all looked pretty easy.” But today, most investors still feel the sting of their recession-induced losses. Ironically, the dot-com bust…

Insurers look to make uncommon comeback: Pafco, Superior hope to leave rehabilitation this year

July 25, 2005

Only the hum of central air-conditioning broke the silence when Doug Symons recently led a quick tour of the Indianapolis office where his Superior Insurance Group once employed about 180 people. Rows of gray cubicles sat empty. Boxes filled with old claims and underwriting files lined the aisles. “This,” Symons said as he waved his arms around, “is what an empty office looks like waiting to be filled.” Those bare cubicles could fill up with dozens of new employees and…

BEHIND THE NEWS: Hat World helps propel parent’s stock out of slumber

July 18, 2005

When Indianapolis-based Hat World Corp. announced its $165 million sale to a Tennessee firm 17 months ago, it had posted increases in same-store sales for an impressive 27 months in a row. Now, make that 42 and counting. Such a streak is almost unheard of in the rough-and-tumble retail world, especially for a firm wrestling with the inevitable distractions that go along with the transition from independence to ownership by a publicly traded company. “We have maintained the same momentum…

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

July 11, 2005

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…

INVESTING: Embracing China thorny issue for government, markets

July 4, 2005

International trade issues abound. There are both long- and short-term stock market implications to these deals, along with political and social effects. China is the overwhelming player in most of the stories, but some closer neighbors are also in the game. A major Chinese oil firm called CNOOC made an offer for Unocal, which was in the process of being bought out by Chevron. The CNOOC offer is higher by a few billion dollars, and it is cash, but there…

Jail plan calls for speedier courts: Prosecutor still seeking more beds

July 4, 2005

Marion County Prosecutor Carl Brizzi’s colleagues say relieving jail overcrowding is a question of efficiency. Since jail is meant to be a temporary stop for alleged criminals, they argue, improvements in the process from booking to trial can largely eliminate the need for early release. So why is Brizzi the lone wolf still clamoring to add more jail beds? “Everyone says that you can’t build your way out. How do you know that?” asked Brizzi, a Republican. “We seem to…

GIZMOS: Flat-panel monitors: not all they’re cracked up to be

May 2, 2005

I’ve discovered something really unexpected on my desk lately: a surface. After years of having monitors the size of packing crates looming over my desk, I now have two flatpanel monitors that actually take up less surface space together than one of the old CRT (cathode ray tube) monitors. The new LCD (liquid crystal display) flat panels are sleek, black, digital and much brighter than the old putty-colored CRTs that now seem so dreadfully old-fashioned. A flat-panel 19-inch monitor can…

Criminal inquiry targets ex-exec: Brightpoint’s risk manager part of AIG grand jury probe

April 18, 2005

Brightpoint Inc.’s former director of risk management is a target of a federal grand jury criminal investigation into a 1999 deal regulators say allowed the Plainfield company to conceal more than $11 million in losses. The U.S. Attorney’s Office in Indianapolis filed papers in a Manhattan federal court April 12 identifying Timothy Harcharik, Brightpoint’s director of risk management from 1997 until his dismissal in 2002, as one of the targets of the nearly complete securities-fraud probe. On the other side…

Probe paved way for broker to bolt: Knall’s exit from McDonald a boon for Stifel

April 11, 2005

The Indiana University graduate who runs St. Louis-based Stifel Nicolaus & Co. has known David Knall for years. So his mind began to whir late last year after an insider-trading probe sidelined Knall, one of the nation’s top-producing stockbrokers, from his post at McDonald Investments. By late January, Knall’s leave of absence from McDonald had run nearly two months, and it wasn’t expected to end until r eg u l a t o r s wrapped up their probe, a…

BEHIND THE NEWS: In scandals’ wake, firms endure financial wringer Process mapping Too high a cost

March 28, 2005

Last year was excruciating for executives at many of Indiana’s public companies, but not for the usual reasons, like a slumping economy or sliding stock market. Instead, it was because they had to devote thousands of employee hours and millions of dollars to comply with a controversial new rule, Section 404 of the 2002 Sarbanes-Oxley corporate-accountability law. The rule requires companies to assess the internal accounting controls they have in place to ensure their financial reporting is accurate and reliable-and…

Bye-bye Big Apple, hello Indy: Young entrepreneurs opt to open firms here

February 28, 2005

Two Hoosier natives are back home in Indiana to start neighboring businesses on Fort Wayne Avenue, no less. The world travelers-separated in age by just a year-spent significant time in New York City but only met within the past six months. With similar stories to tell about why they chose to return to Indianapolis, and impressed with the city’s vibrant downtown that had blossomed while they were away, the two opted to take the plunge together. Both say they’re not…

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