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Critics want IPL answers: Utility cut $10M settlement after agency suggested accounting was misleading

November 7, 2005

Groups representing Indianapolis Power & Light Co. customers want to know if the utility has deliberately underreported income to regulators and overcharged customers. Their concerns were sparked by a cryptic settlement IPL reached with the Indiana Office of Utility Consumer Counselor on Oct. 28 that took IPL customer groups by surprise. IPL agreed to provide each residential customer with a $25 credit early next year, “a time when the costs for heating their homes will be at their highest,” IPL…

Construction materials costs set to soar: Hurricanes, other factors lead to current or predicted shortages, price jumps in PVC pipe, copper wiring, cement

November 7, 2005

A building boom in China and India is exacerbating the crisis, and further squeezing the profits of contractors and developers, including those in Indianapolis. The situation could become worse when rebuilding efforts begin. “I’ve talked to big commercial developers and we’ve all seen our margins shrinking,” said Greg Small, chairman and CEO of Indianapolis-based developer Equicor Cos. LLC. “As a businessperson, you’re going to have to be sharper at dotting your i’s and crossing your t’s.” Because the majority of…

SPORTS Bill Benner: Peyton on paychecks and his final pass

November 7, 2005

Part II of my no X’s-and-O’s interview with Indianapolis Colts quarterback Peyton Manning: Benner: Conseco Fieldhouse could be called the House That Reggie Miller Built. Obviously, a great number of people have been involved in the new stadium. Yet it could be known as the House That Peyton Built. How do you feel about your role in elevating the franchise to the point where the stadium became a necessity? Manning: It gets me excited. That we can have a state-of-the-art…

SPORTS: Q&A: Peyton Manning on priorities, life after Reggie

October 31, 2005

The Indianapolis Colts’ bye week has arrived, which means it’s time for a casual conversation-no X’s and O’s or New England Patriots talk allowed-with quarterback Peyton Manning. Not long ago, I sat down with No. 18 to talk about his place in the community, rather than his place behind center. Here is the first of a two-part interview. Benner: Your community service work through the PeyBack Foundation is wellknown. It’s now given more than $1 million to youth programs here,…

There’s more to logistics than forklifts and sweat: Colleges offer degrees for white-collar jobs in the field

October 31, 2005

It’s not sexy, but it’s where the jobs are. Ivy Tech Community College will offer an associate’s degree in logistics management, the latest effort in Indiana aimed at cultivating a work force for the transportation-distribution-logistics sector, known as TDL. Meanwhile, the University of Indianapolis is preparing a concentration in supply chain management that will have key applications in logistics careers. Experts say the educational push is sorely needed, yet it’s still a challenge to get young people interested in the…

PLAN OF ATTACK: Anderson’s leaders are working to exorcise the ghosts of GM

October 31, 2005

Four miles and decades of history separate the Anderson exits along Interstate 69 northeast of Indianapolis. Empty General Motors Corp. plants-as much a thing of the past as single-class basketball-cast ominous shadows at Exit 26, once Anderson’s front door. To the west, closer to Indianapolis, is Exit 22 and the trappings of the future: millions of dollars in new infrastructure, a new business park, and the state’s largest business incubator-tools Anderson officials think they need to turn this rust-belt poster…

State revamps health coverage: New health savings accounts and high-deductible policies could help stem rising costs

October 31, 2005

Indiana state government will unveil a fresh approach to insurance coverage next year when it offers health savings accounts to its 33,000 employees and their dependents. The state wants employees to take more control of their health care and consequently harness spiraling costs, Personnel Director Debra Minott said. The high-deductible AnthemBy-Design plan it chose to accomplish that will be offered as one of five coverage options during an open enrollment that starts Oct. 31. “We really see a looming crisis…

One Call rings up regulatory ire: Carmel telecommmunications firm faces fines, legal action-and increased scrutiny from FCC

October 31, 2005

The Federal Communications Commission is threatening to revoke the operating authority of Carmel telecommunications firm One Call Communications for allegedly failing to remit millions of dollars in federal fees. In its second action against the firm since 2002, the agency also proposes a $1.1 million fine against One Call and parent OCMC Inc. The FCC complaint quietly launched in August comes after allegations made last spring by state regulators. The state allegations involved so-called “modem hijacking” of dial-up computer users,…

Guidant stock sales may fuel shareholder lawsuits: 4 insiders have cashed in more than $91M in shares

October 24, 2005

Top Guidant Corp. insiders have unloaded more than $100 million in company stock in recent months, a move that will blunt the financial impact they’ll feel if the Indianapolis company and Johnson & Johnson renegotiate the terms of their $25.4 billion merger. The sales also will serve as grist for class-action attorneys, who filed several lawsuits this summer charging insiders concealed from investors defects in the company’s heart devices. By not promptly disclosing defects publicly, one classaction suit filed in…

Emerging Tech, Johnson centers team up: Partnership links incubator’s startups with entrepreneurship students

October 24, 2005

Now as executive director of Indiana University’s Johnson Center for Entrepreneurship & Innovation, he has high hopes for his latest effort to introduce students to the real world of business. The Johnson Center, based in Bloomington, opened an office earlier this month at the Indiana University Emerging Technologies Center in downtown Indianapolis. The space gives MBA students the opportunity to provide consulting services to the 22 startups at the incubator. Unlike BSU seniors in the “spine-sweating” course who present an…

Lathering up for a buyout?: Local hair care products biz Kenra could fetch $80 million

October 24, 2005

Kenra LLC, a locally based hair-care products manufacturer that has nearly tripled its revenue in six years, is looking for a buyer. New York-based Giulliani Capital Advisors LLC is helping the 76-year-old company find a suitor, according to sources familiar with the situation. Kenra reported its annual sales doubled last year to $80 million on the strength of a new line called Kenra Platinum, an upscale haircare collection. Company officials told Women’s Wear Daily in March sales could increase another…

Ahnafield helps disabled achieve self-dependence: 34-year-old firm makes high-tech mobility products

October 24, 2005

Driving a road sweeper when he was 18 years old, Ryan Kruse never saw the train that slammed into his vehicle and turned him into a quadriplegic. College and other plans for the future seemed out of reach for Kruse, who was paralyzed from his chest down that day 13 years ago. But recently, Kruse, who is working on a second bachelor’s degree at IUPUI, traveled to Georgia to celebrate his grandmother’s 80th birthday. He drove. With only limited use…

SPORTS: My apologies to the commish; college football rules

October 24, 2005

In that span, I viewed Indiana-Iowa, Purdue-Northwestern, Ohio State-Michigan State, Minnesota-Wisconsin, Notre Dame-USC, Michigan-Penn State and UCLAWashington State. Sometimes simultaneously. That’s because I also have picture-in-picture, which I also believe to be one of the great inventions of all time. Anyway, by the time day turned into night, I again was reminded why college football-with all due respect to the Indianapolis Colts and the NFL-remains far and above the superior form of the game. Allow me to clarify. There is…

BioStorage gets set for major expansion: Three-year-old local firm eyeing West Coast, Europe

October 24, 2005

The 60 industrial-size freezers standing in formation like soldiers at attention look unassuming from the outside, but their contents are invaluable. Stored at temperatures of minus-80 degrees Celsius, the millions of biological samples inside the far-west-side warehouse represent the future of disease research and drug development. The repository is operated by BioStorage Technologies, a 3-year-old venture created by a pair of researchers who met at the local office of Princeton, N.J.-based Covance Inc., a drug-development services firm. Oscar Moralez developed…

TAWN PARENT Commentary: New school districts worth the pain

October 24, 2005

Change seems to be the one constant at Indianapolis Public Schools. Superintendent Eugene White unveiled a major redistricting plan Oct. 12 that would send 14 percent of students to new schools next year. IPS has been redrawing its districts every few years since the ’70s. In recent years, children in my Irvington neighborhood have been assigned at various times to Thomas Carr Howe, Arlington and Broad Ripple high schools. Now, it’ll be back to Howe again. Some families, like mine,…

Affordable housing gets $2.3 million:

October 24, 2005

The City-County Council on Oct. 10 voted to allocate $1.5 million in federal grant money and $800,000 from the Indianapolis Housing Trust Fund toward affordable-housing efforts. One project that will benefit from the federal money is the Rink-Savoy redevelopment at Illinois and Vermont streets, which will create 62 rental units and five condominiums for low-income households. That project will receive $235,000. Westside Community Development Corp. will receive $248,000 to support the construction of 23 homes, all of which will be…

EYE ON THE PIE: Let’s put retail where we want it

October 17, 2005

Before we get into anything this week, let me clear up an error from last week. I wrote that Techpoint received $2.3 million in government incentives for locating at Indianapolis International Airport. The company was Transpoint. My apologies to all who have cause to be offended. Now let’s get on to the problem of the chicken and the egg. Many folks wonder which came first. When we have trouble identifying causality, we cite the chickenand-egg problem. Is the clothing store…

SPORTS: We’ve arrived as a big-time football town-for now

October 17, 2005

Are you ready for some football? Of course you are. That the Indianapolis Colts are making the first of not one, not two, but three appearances on ABC’s “Monday Night Football” is once again recognition of the obvious, which is that Jim Irsay’s ownership, Bill Polian’s leadership and Tony Dungy’s coaching have made the Horseshoes as hot a commodity nationally as they are locally. Not that Peyton Manning, Edgerrin James, Marvin Harrison, Dwight Freeney, Gary Brackett, Cato June et al…

Willingness to adapt keeps benefits firm growing: Key adjusts to ever-changing health insurance market

October 17, 2005

Larry Dust capitalized on a then-radical health insurance concept 25 years ago that thrust him to the forefront of the corporate movement to outsource employee benefits services. Much has changed in the world of health care since, but Dust and Key Benefit Administrators Inc. continue to redefine the way employers approach insurance. “The cheese has moved in this business,” Dust said, “and if you don’t believe it, you better get out.” The 57-year-old Knox native entered the insurance industry after…

Art school to compete with Herron, U of I: For-profit Art Insitutue has designs on new programs

October 17, 2005

The city’s newest art school has existing programs here sharpening their colored pencils and preparing for a showdown at the easel to attract new students. The Art Institute of Indianapolis earlier this month launched a marketing campaign seeking students for its first classes, which start Jan. 9. The for-profit school at the Pyramids is owned by a Pittsburgh firm. It plans to offer a two-year degree in graphic design and four-year degrees in graphic design, interior design and interactive media…

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Articles

Critics want IPL answers: Utility cut $10M settlement after agency suggested accounting was misleading

Construction materials costs set to soar: Hurricanes, other factors lead to current or predicted shortages, price jumps in PVC pipe, copper wiring, cement

SPORTS Bill Benner: Peyton on paychecks and his final pass

SPORTS: Q&A: Peyton Manning on priorities, life after Reggie

There’s more to logistics than forklifts and sweat: Colleges offer degrees for white-collar jobs in the field

PLAN OF ATTACK: Anderson’s leaders are working to exorcise the ghosts of GM

State revamps health coverage: New health savings accounts and high-deductible policies could help stem rising costs

One Call rings up regulatory ire: Carmel telecommmunications firm faces fines, legal action-and increased scrutiny from FCC

Guidant stock sales may fuel shareholder lawsuits: 4 insiders have cashed in more than $91M in shares

Emerging Tech, Johnson centers team up: Partnership links incubator’s startups with entrepreneurship students

Lathering up for a buyout?: Local hair care products biz Kenra could fetch $80 million

Ahnafield helps disabled achieve self-dependence: 34-year-old firm makes high-tech mobility products

SPORTS: My apologies to the commish; college football rules

BioStorage gets set for major expansion: Three-year-old local firm eyeing West Coast, Europe

TAWN PARENT Commentary: New school districts worth the pain

Affordable housing gets $2.3 million:

EYE ON THE PIE: Let’s put retail where we want it

SPORTS: We’ve arrived as a big-time football town-for now

Willingness to adapt keeps benefits firm growing: Key adjusts to ever-changing health insurance market

Art school to compete with Herron, U of I: For-profit Art Insitutue has designs on new programs