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Articles

INVESTING: Woes of Fannie, Freddie overshadow bank calamity

July 21, 2008

Wall Street often is nothing more than a game of three-card monte, with the majority of players losing because they were looking at the wrong card. It is challenging enough to make money during bull markets. But during bear markets, the distractions and traps are everywhere, and they are lethal. There is a big distraction right now that is masking what could be the falling domino that sends everything else toppling over. The disaster of the month is the near-collapse…

Accountants predicting even more physician hookups: Katz Sapper, Heaton and Eadie join forces to keep up with fast-changing health care, benefits landscape

July 21, 2008

Everybody’s doing it. So Heaton and Eadie and Katz, Sapper & Miller decided to get together, too. Katz Sapper announced last week that it will acquire Heaton and Eadie because both Indianapolis-based accounting firms expect their main health care clients-physicians-to link up more and more with one another and with hospitals in the next five years. They want the heft and experience to win the right to handle finance and consulting on more of those transactions. Katz Sapper gets Heaton…

$720 million stadium will open with big operating deficit

August 11, 2008

Cleaning crews are wiping construction dust from the 63,000 seats in Lucas Oil Stadium, prepping for the public’s first peek at the $720 million venue Aug. 16. But the hard work is only beginning for the city’s Capital Improvement Board, the entity charged with operating the stadium. The fumbling point: CIB is anticipating a $20 million operating deficit for Lucas Oil Stadium in 2009.

Divisive U of I business school dean departs

August 18, 2008

Six current and former University of Indianapolis professors who in late 2006 alleged business school dean Mitch Shapiro
violated hiring practices and created a hostile work environment got what they wanted last month.

Tough economy touching all industries, but some are hurting more than others

September 22, 2008

Stock markets are falling, jobs are disappearing, and the outlook for the economy seems grim. Banks, real estate developers,
retailers and manufacturers are taking the worst hits, but all types of businesses in central Indiana are hurting. From health
care to technology, education to philanthropy, every industry is trying to take the setbacks in stride.

More small businesses allowed to jump in pools: Law lets employers join together for cheaper rates

October 13, 2008

Small businesses in Indiana stung by rising health care costs now can band together to broker better deals from insurance providers. The rule from the Indiana Department of Insurance took effect in late August and is the final piece of a 2007 health care expansion state lawmakers financed with a 44-cent increase in the cigarette tax. The pooling program is open to businesses with two to 50 employees and is meant to give them strength in numbers so, in essence,…

Chinese wins converts

October 20, 2008

Chinese wins converts IU embraces difficult language as China’s economic influence spreads The rise of China’s economic and cultural stars has ignited the popularity of Chinese language instruction at Indiana University, which is gaining national distinction as a leader in the field. The number of students taking Chinese language classes has grown 110 percent over […]

Naming-rights deal puts Lucas Oil in competitive position

October 20, 2008

Emboldened by the deal he signed to put his company’s name on the Indianapolis Colts’ new home, Forrest Lucas has launched
an arsenal of creative-some would say unorthodox-initiatives to fortify his growing company. Many of them are designed to
help Lucas Oil Products Inc. go head to head with the oil industry’s biggest players.

The Finish Line Inc.

November 3, 2008

The Finish Line Inc. The Finish Line Inc., 3308 N. Mitthoeffer Road, Indianapolis, www.thefinishline.com, is a specialty retailer of brand-name athletic and leisure footwear, activewear and accessories. For the quarter ended Aug. 30, the company reported net income of $13.1 million, or 24 cents per diluted share, on $353.3 million in revenue. Those totals compare […]

EXECUTIVE COMPENSATION

December 1, 2008

EXECUTIVE COMPENSATION Total ’07 Salary Stock and All other compensation Bonus option grants (1) pay (2) % change (3) William I. Miller $658,898 $650,000 $0 $8,898 -60% CEO, chairman and president $0 Gregory F. Ehlinger $543,233 $316,000 $218,921 $8,312 N/A Chief financial officer $0 Joseph R. LaLeggia $991,253 $362,213 $73,982 $555,058 61% President, commercial finance […]

Appeals pay off for biz owners

December 8, 2008

More than one in four Marion County commercial and industrial property owners has appealed its property tax assessments this
year, and the challenges often are paying off in a big way.

Attorney, sports marketer takes on new challenges

December 22, 2008

Milton Thompson, president and CEO of Grand Slam Cos., recently agreed to work with Indianapolis law firm SweetinBleeke and as vice president of corporate affairs for PinPoint Resources, an Indianapolis-based employment agency. Thompson previously worked with Barnes & Thornburg LLP for nearly three years. Thompson will continue to operate Grand Slam, a locally based sports […]

EXECUTIVE COMPENSATION

December 29, 2008

EXECUTIVE COMPENSATION Total ’08 Salary Stock and All other compensation Bonus option grants (1) pay (2) % change (3) Thomas G. Deranek $300,000 $300,000 $0 $0 -1.5% Chairman, CEO $0 Terrence M. Decio $290,000 $290,000 $0 $0 -1.5% Vice president, marketing $0 Christopher R. Leader $235,000 $235,000 $0 $0 -1.9% Vice president, operations $0 Bruce […]

Penrod Society stung by $380,000 theft

December 30, 2008

The Penrod Society is reeling from news that one of its top volunteers allegedly absconded with $380,000 – every penny the organization earned from its annual art fair, plus reserves. “It’s devastating news for us. It’s devastating news for the arts community,” said President Jimmy Art. The 42-year-old society stages the Penrod Arts Fair, held […]

Ballard consolidation plan targets townships-WEB ONLY

January 28, 2009

Mayor Greg Ballard’s extensive plan to consolidate local government includes a measure that would transfer the delivery of poor relief from township trustees to a new city department in 2011. Ballard’s proposal, dubbed UniGov 2.0, promotes efficiency by eliminating township governments and giving him control of not only township assistance – the preferred term for […]

Ballard consolidation plan targets townships-WEB ONLY

January 28, 2009

Mayor Greg Ballard’s extensive plan to consolidate local government includes a measure that would transfer the delivery of poor relief from township trustees to a new city department in 2011. Ballard’s proposal, dubbed UniGov 2.0, promotes efficiency by eliminating township governments and giving him control of not only township assistance – the preferred term for […]

CIB IN CRISIS No simple fix for $50M hole-WEB ONLY

February 7, 2009

Click here to learn more about the CIB’s bond troubles. The Indianapolis Capital Improvement Board revealed just days ago that it will cost nearly $50 million annually to get the organization’s books back into the black. Now, the question is whether professional sports teams or taxpayers will foot the bill-a debate that’s already raging behind […]

RECORDS

February 16, 2009

|R ECOR DS| ANNOUNCEMENT Riser Retail Group, specializing in selling retail shopping centers, has launched “10 Cap Props,” a division marketing properties with CAP Rates 10% and higher. Contact 280 E. 96th St., Suite 225; phone: 844-0700; fax: 844-0701; [email protected]; www.riserretailgroup.com. BANKRUPTCIES Medical Savings Investment Inc., 5835 W. 74th St., 46278. Chapter 7 liquidation. Assets: […]

Huge mortgage-relief plan goes beyond foreclosures-WEB ONLY

February 18, 2009

Seeking to tackle “a crisis unlike any we’ve ever known,” President Barack Obama unveiled an ambitious $75 billion plan today to keep as many as 9 million Americans from losing their homes to foreclosure. Another key component would specifically help those said to be “under water” – with dwellings whose market value have sunk below […]

NFP of NOTE: Indianapolis Art Center

February 23, 2009

The Indianapolis Art Center works to engage, enlighten and enhance our communities through art education, participation
and observation.

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