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BEHIND THE NEWS: Another daunting challenge for veteran exec Cornelius

September 25, 2006

Anyone surprised that at age 62, Jim Cornelius would take on the bruising job of leading embattled drugmaker Bristol-Myers Squibb shouldn’t be. After all, the Zionsville businessman has surprised observers before. This is an executive who 12 years ago gave up one of the top jobs in corporate America-chief financial officer of Eli Lilly and Co.-to become chairman of Guidant Corp., then a much-maligned collection of medical-device firms that Lilly was spinning off into a stand-alone company. A risky move,…

Kite, Mansur, White pitch airport hotel

September 25, 2006

Three developers are vying for the chance to build a four-story, 250- to 300-room hotel connected to the new $974 million midfield terminal and garage at the Indianapolis International Airport.

RCA Championships secures ATP support: Local tournament working on TV, sponsorship deals

September 18, 2006

In the wake of rumors that a mini offseason for players could interrupt the RCA Championships’ calendar slot, the ATP-the association representing men’s professionals tennis players-has come out in strong support of the local tournament. “There’s no uncertainty about the future of this tournament from the ATP’s perspective,” said Mark V. Young, ATP’s CEO for the Americas. Young confirmed that ATP officials, who set the men’s professional calendar, have discussed shortening the schedule at the behest of players, who claim…

Noblesville mega-mall begins lining up retailers: Area brokers say space is likely to lease well

September 18, 2006

J.C. Penney, Best Buy and Bed Bath & Beyond plan to open stores in the $100 million open-air mall Simon Property Group Inc. and a partner are planning to build in Noblesville, retail brokers say. In addition, Grand Rapids, Mich.-based Goodrich Quality Theaters Inc. is in preliminary talks to open a cinema in the project, owner Bob Goodrich confirmed. Simon and another Indianapolis-based developer, Gershman Brown & Associates, announced plans for the nearly 1-million-square-foot Hamilton Towne Centre a year ago….

NOTIONS: Dear philanthropist: Make me a daydream believer

September 18, 2006

Last month, I picked up my boys in Fort Wayne, drove north on Interstate 69, hooked a left at Interstate 94, and got off at the Portage, Mich., exit. There, we whiled away the weekend at a family reunion. The grownups ate too much, caught up on gossip and puttered around the lake in the speedboat. The teenagers, whom we rarely saw, did X-Box battle in the basement. On Sunday, after the kids had surfaced for lunch and the grandparents…

Fewer businesses splurging for employee relocation costs: Perk is more prevalent, though, when attempting to attract high-level executives

September 18, 2006

Paying closing costs on a home or, better yet, asking that a potential employer purchase the house itself are among the brashest requests she’s fielded. Yet the owner of Quiring Associates Inc. expressed some surprise when the Mayo Clinic in Minnesota arranged to move her daughter, a recent Purdue University graduate embarking on her first job no less. “They brought a huge van down to pick up her things,” Quiring said. “They actually wanted her to know how serious they…

Office furniture dealers experience sales rebound: Better economy, more moves give industry a boost

September 18, 2006

Indianapolis-area office furniture dealers are awash with business, following a robust national trend that has lifted the industry beyond its lows of a few years ago. As businesses have begun to move into bigger quarters since 2003, they’ve naturally ordered desks, chairs and filing cabinets to fill the bigger space, local dealers said. “The industry is closer to where it used to be, but I don’t think we’ll ever again see the kind of activity we had in the mid-…

Newspaper war erupting in northern suburbs

September 18, 2006

Two new Carmel newspapers will soon join eight others in Boone and Hamilton counties. While the region is one of the fastest growing in Indiana, journalism experts said having 10 newspapers serving a population of just under 300,000 is astounding.

Hammering away at his own business: After 18 years working for others, contractor strikes out on his own

September 18, 2006

Built to Last Construction Hammering away at his own business After 18 years working for others, contractor strikes out on his own Bradley Ford is a true, hands-on owner. “I really like working with my hands. I couldn’t stand working behind a desk,” said Ford, 40, who founded Built To Last Construction in 2000. Starting the business was the culmination of a career path he started in 1982 as a 16-year-old student at Perry Meridian High School and the building…

Student sponsorship deal raises money, criticism

September 11, 2006

The Indianapolis office of Zurich-based UBS Financial Services Inc. is experimenting with “adopting” the freshman class at Herron High School as the UBS Scholars of 2010. Its foundation made a $100,000 gift to the startup charter school, and local employees made a commitment to tutor, mentor and otherwise support its first 92 students.

TOM HARTON Commentary: Crime takes indirect swipe at the arts

September 11, 2006

In Indianapolis, when the crime rate goes up or kids’ test scores go down, it’s not uncommon for people to point the finger at publicly funded sports facilities. “Our priorities are screwed up,” observers opine. “We spend too much money on these playgrounds for the rich, and not enough on cops, courts and public education.” The sports establishment here has been batting away this criticism for years. It goes with the territory in a city where sports is an important…

Working with the numbers: Using math, local actuaries help companies’ bottom line by analyzing risk to reduce expenses

September 11, 2006

Expanding opportunities Women make up an increasing number of the 18,000 actuaries who work in the field nationwide, but that wasn’t always the case. Kirk recalls a distinct imbalance of men and women in the actuarial field in the late 1970s. “When I first started, I was quite often the only female in professional meetings,” she said. During annual actuary conferences, “the women would kind of clump together because there were so few of us,” but that has changed. At…

Cummins learned lessons after getting battered by recession

September 11, 2006

Little more than six months after Theodore M. “Tim” Solso took the CEO reins at Columbus, Ind.-based Cummins Inc. from James Henderson in January 2000, Cummins was slammed by “the deepest and longest recession in the history of the company.” Those days are ancient history.

Mayor says condo plan for arena site needs more retail

September 11, 2006

When Mayor Bart Peterson announced Aug. 31 that the efforts of a partnership to build condominium towers on the former Market Square Arena site had failed, he gave his administration 60 days to put together another deal. Peterson’s vision: Hold onto the concept of a residential tower, but add “significantly more retail.”

BRIAN WILLIAMS Commentary: Downtown needs a grand, artful facility

September 11, 2006

On Sept. 1, 45 competitors from nearly 20 countries arrived for the seventh quadrennial International Violin Competition of Indianapolis. Through the middle of September at venues around the city, these talented men and women will compete for one of the richest artistic prizes in the world. In a few short months, the American Pianists Association will undertake its biennial competition for the Cole Porter Jazz Fellowship. Again, a cadre of some of the instrument’s most accomplished American performers will come…

Home builders facing tougher-than-expected downturn: Local building permits down 18 percent from last year

September 4, 2006

Alan Goldsticker, president of Ryland Homes of Indiana, said builders have a mound, not a mountain, confronting them. The walls might not be caving in on the Indianapolis housing market, but the current softening in home building is expected to continue for months. That’s the prospectus from Steve Lains, CEO of the Builders Association of Greater Indianapolis. While the outlook is not as bad as it could be, it is worse than most experts expected entering 2006. BAGI predicted then…

Church reborn as art gallery: Restoration turns rundown, 112-year-old building into stunning ‘Sanctuary’ for popular local artist

September 4, 2006

Most people who hire Everett Barnard are looking for him to make something new look old. Barnard, as his clients tell others, is a genius at remodeling a modern kitchen or an entire home into a throwback from the Neo-Greco era. But one of his most recent projects involved remodeling a 112-year-old former Methodist church into a new art gallery while restoring and retaining as much of the structure’s late-19th-century look and feel as possible. Barnard doesn’t just make things…

Lilly decides to self-insure for product liability

September 4, 2006

Eli Lilly and Co. has picked an insurer it knows extremely well to cover future problems in the high-stakes world of product liability litigation–itself. The Indianapolis drugmaker opted for self-insurance after struggling to find coverage in what it terms a “very restrictive insurance market.”

NOTIONS: A travel dispatch from somewhere over the rainbow

September 4, 2006

The sun is setting, the pavement damp, and dark clouds dance across the San Juan Mountains as we turn onto U.S. Highway 550 and drive north toward Durango. As if there weren’t enough beauty in this peak-filled paradise, Nature’s earlyevening sideshow features a fully arced double rainbow, quite the welcome sign to a late-summer vacation. I suppose you could write off a double rainbow as a mere meteorological phenomenon. I suppose I could, too. But it’s more fun to wonder…

Colts plan to let sponsors decorate portions of stadium

September 4, 2006

The Indianapolis Colts are giving sponsors a chance to help design the interior of Lucas Oil Stadium. The newly announced sponsorship packages, which parcel out naming and design rights for 12 parts of the stadium, are expected to generate up to $10 million a year for the franchise.

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Articles

BEHIND THE NEWS: Another daunting challenge for veteran exec Cornelius

Kite, Mansur, White pitch airport hotel

RCA Championships secures ATP support: Local tournament working on TV, sponsorship deals

Noblesville mega-mall begins lining up retailers: Area brokers say space is likely to lease well

NOTIONS: Dear philanthropist: Make me a daydream believer

Fewer businesses splurging for employee relocation costs: Perk is more prevalent, though, when attempting to attract high-level executives

Office furniture dealers experience sales rebound: Better economy, more moves give industry a boost

Newspaper war erupting in northern suburbs

Hammering away at his own business: After 18 years working for others, contractor strikes out on his own

TOM HARTON Commentary: Crime takes indirect swipe at the arts

Working with the numbers: Using math, local actuaries help companies’ bottom line by analyzing risk to reduce expenses

Cummins learned lessons after getting battered by recession

Mayor says condo plan for arena site needs more retail

BRIAN WILLIAMS Commentary: Downtown needs a grand, artful facility

Home builders facing tougher-than-expected downturn: Local building permits down 18 percent from last year

Church reborn as art gallery: Restoration turns rundown, 112-year-old building into stunning ‘Sanctuary’ for popular local artist

Lilly decides to self-insure for product liability

NOTIONS: A travel dispatch from somewhere over the rainbow

Colts plan to let sponsors decorate portions of stadium