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Banks quick to embrace remote checking: Customers get on board as more institutions allow checks to be scanned, transmitted, deposited electronically

March 19, 2007

ATMs are still convenient, but not much of a novelty anymore. That distinction now belongs to remote-deposit capture-a high-tech advancement that guarantees a big payoff for banks and their customers alike. “From a technological standpoint, it’s the biggest thing happening in banking in 2007,” said Lee Wetherington, senior vice president at Brentwood, Tenn.-based software maker Goldleaf Financial Inc. Remote-deposit capture eliminates the need for businesses to physically deposit checks at their bank branch. Using the new technology, checks are scanned…

FUNNY BUSINESS: Indiana’s rural counties fall short of ‘progressive’

March 19, 2007

I notice that my home county, LaGrange, did not make Progressive Farmer magazine’s 2007 list of Top 10 Rural Counties in America. Then again, “progressive” is not a word that leaps to mind for a county that is about 40-percent Amish. Actually, none of Indiana’s 92 counties made the Top 10. According to the magazine, the best rural places to live in America are (in reverse order): 10. Polk County, N.C.; 9. Amador County, Calif.; 8. Garfield County, Okla.; 7….

NOTIONS: How to save lives, money, and still win re-election

March 19, 2007

As a hearing-impaired, diabetic, migraine-suffering cancer survivor, father of a cancer survivor and widower of a cancer victim, I’ve followed my share of doctor’s orders. So I’ve taken two of Monroe’s tenaciousness pills, and I’m calling (well, writing) you in the morning. Since my late wife the non-smoker was diagnosed with a smoker’s cancer, I’ve shared our sad story to educate government officials and citizens about the dangers of secondhand smoke. But let’s skip the emotions this time, abandon impatience…

Pledge blitz buoys Bowl bid

March 19, 2007

The team leading Indianapolis’ bid to host the 2011 Super Bowl is calling on the corporate community to get in the game fast.
More than a dozen business leaders are rushing to raise $25 million before May 23, when NFL owners are expected to select
a host city from hopefuls Indianapolis; Dallas; and Glendale, Ariz.

Snubbing of ‘queen of the skies’ to save millions: Airport decides it can’t justify taxiway upgrades with FedEx cancellation of ‘super-jumbo’ Airbus A380

March 12, 2007

Not only did airport tenant FedEx cancel its order for the cargo version of the “superjumbo” last November, but no other carriers have indicated they’ll likely use the super-jumbo here, said airport Director Patrick Dooley. Nor, Dooley added, is there a compelling case to be made for taxiway upgrades merely as a contingency for A380’s being diverted here occasionally from Chicago’s O’Hare International or other airports. So managers are removing all references to the A380 in a long-range airport plan…

St. Elmo spinoff, Harry & Izzy’s, could go national

March 12, 2007

Harry & Izzy’s, a spinoff to St. Elmo Steak House slated to open in mid-April at Circle Centre mall, is the city’s most anticipated
new restaurant in years–a casual cousin to St. Elmo,
with lunch service and a wider menu, including salads, pastas and pizzas, along with standbys like the famous shrimp cocktail.

Commentary: How to improve Indy’s 2011 Super Bowl

March 12, 2007

Feb. 4, 2007, will be a day fondly remembered in Indianapolis for generations to come. It was the day the Indianapolis Colts emerged victorious from Super Bowl XLI. The Super Bowl media exposure, combined with the city’s proud history of organizing and hosting some of the world’s largest sporting events, should position us well to serve as host for the 2011 Super Bowl. Already, a host committee has been formed and seed funds committed. The General Assembly has passed legislation…

Red Hat Society over-50 women pursued by marketers

March 12, 2007

Members of the Red Hat Society get together monthly to celebrate life after 50, a demographic marketers often overlook. But
these women-and their spending habits-are attracting attention as the California-based club gains traction.

Gora seeking new ways to build Ball State’s reputation

March 12, 2007

Entering her third year as Ball State University’s president, Jo Ann Gora has earned a reputation in business and political
circles as a shrewd, aggressive ambassador for the 19,500-student university. And by all measures, she’s just gotten started.

SPORTS: Rome won’t burn if we remember to stick together

March 12, 2007

Recently, I attended a Stanley K. Lacy Leadership Seminar at the Downtown Marriott. Members of the socalled “City Committee”-a group that convened three decades ago to brainstorm and map the future of India n a p o l i s – w e r e addressing younger professionals who well could be involved in determining the direction for our city over the next 30 years. Louis Mahern, who was then a leading state Democratic senator helping to push bipartisan support…

WellPoint’s new CEO likely to encounter more obstacles than her predecessor

March 5, 2007

There are no longer any for-profit Blue Cross Blue Shield insurance plans for WellPoint Inc. to acquire as a means of growth.
State governments have effectively stopped those plans from converting to for-profits. That means new CEO Angela F. Braly
can’t keep WellPoint growing by gobbling up competitors.

BEHIND THE NEWS: Nike’s retail plan casts another cloud over Finish Line

March 5, 2007

I n d i a n a p o l i s – based Finish Line Inc. already had enough challenges, but here’s another: Nike Inc., Finish Line’s largest supplier, is revving up its own retail ambitions. Analysts, at least, see the Oregonbased company’s move as a competitive threat. For its part, Finish Line notes that Nike plans to open just 100 of its own stores over the next three years, and only 50 would be in the United States,…

VOICES FROM THE INDUSTRY: Electronic evidence a new reality in business litigation

March 5, 2007

D o u b l e – c l i c k , open, read and delete. Does this sequence for reading e-mail look familiar? Whether you work for a small- to medium-size business with few employees and a basic network of computers or part of a large corporation with its own technology department, if your company is electronic forms of communications, so has electronic evidence become a regular part of most business litigation. Not long ago, if your business…

Broker wants Lucas Oil to move HQ near airport

March 5, 2007

Marvin Miller is representing a landowner trying to sell 125 acres just north of Indianapolis International Airport. But Miller
wants him to give away some of the property to persuade California-based Lucas Oil to move its headquarters there, jump-starting
the stagnant area in the process.

WellPoint banks on the popularity of HSAs: Insurer moves to start bank, offer medical financing

February 26, 2007

To do so the Indianapolis-based health insurer is moving to start its own bank, whose initial role will be to hold and manage its customers’ health savings accounts. An HSA is a relatively new breed of health insurance that places money-and more responsibility-in consumers’ hands. Well-Point bets more and more of its customers will start such accounts in the future. “We expect to see continued strong growth for these products. There is a tremendous amount of interest in the marketplace…

Bill would let utilities pass on more costs without rate hearings

February 26, 2007

Utility ratepayer groups say House Bill 1496, which is stuck in committee, is typical of what they see as a disturbing trend:
allowing utilities to pass the cost of mandates directly to consumers. HB 1496 would require Indiana’s coal-reliant electric
utilities to generate at least 10 percent of their power from renewable energy sources like wind and landfill gas.

Meridian Street landmark gets new life

February 26, 2007

Buckingham Cos., the Indianapolis-based owner/manager of more than 60 apartment complexes in five states, has broadened its
development sphere to include three square blocks of downtown real estate.

Ex-Norwood execs say company cheated them out of millions

February 19, 2007

Indianapolis-based Norwood Promotional Products is facing legal challenges from a half-dozen former executives who say board
members and investors conspired to fire them, withhold severance pay and cheat them out of as much as $3.6 million in company
stock.

Allison Transmission might be ripe for management buyout

February 19, 2007

As struggling General Motors Corp. tries to raise cash by unloading Allison Transmission, the fate of the city’s third-largest
manufacturer hangs in the balance. But analysts say its market dominance, strong management team and abundance of private
equity could spare it the fate of other auto plants here.

BULLS & BEARS: Despite myriad challenges, there’s cause for optimism

February 19, 2007

A week or so ago, I spent a few lovely days at a conference in sunny San Diego while the mercury dropped below zero in the Midwest. For once, my timing was excellent. Weather aside, the days were filled with several thought-provoking speakers. Below is a smattering of takeaways that were interesting enough to share. Paul McCulley, an economist muckitymuck who sits at the right hand of bond investment guru Bill Gross at Pimco, made the observation that the world…

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Articles

Banks quick to embrace remote checking: Customers get on board as more institutions allow checks to be scanned, transmitted, deposited electronically

FUNNY BUSINESS: Indiana’s rural counties fall short of ‘progressive’

NOTIONS: How to save lives, money, and still win re-election

Pledge blitz buoys Bowl bid

Snubbing of ‘queen of the skies’ to save millions: Airport decides it can’t justify taxiway upgrades with FedEx cancellation of ‘super-jumbo’ Airbus A380

St. Elmo spinoff, Harry & Izzy’s, could go national

Commentary: How to improve Indy’s 2011 Super Bowl

Red Hat Society over-50 women pursued by marketers

Gora seeking new ways to build Ball State’s reputation

SPORTS: Rome won’t burn if we remember to stick together

WellPoint’s new CEO likely to encounter more obstacles than her predecessor

BEHIND THE NEWS: Nike’s retail plan casts another cloud over Finish Line

VOICES FROM THE INDUSTRY: Electronic evidence a new reality in business litigation

Broker wants Lucas Oil to move HQ near airport

WellPoint banks on the popularity of HSAs: Insurer moves to start bank, offer medical financing

Bill would let utilities pass on more costs without rate hearings

Meridian Street landmark gets new life

Ex-Norwood execs say company cheated them out of millions

Allison Transmission might be ripe for management buyout

BULLS & BEARS: Despite myriad challenges, there’s cause for optimism