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Golf club member tees off investors: Lawsuit over $7.4M in losses casts light on little-regulated world of penny-stock promotion

June 12, 2006

By the time he graduated in 1985, Tony Altavilla ranked third in career touchdown receptions at Wabash College in Crawfordsville, an all-male institution that likens itself to the best conservative liberal arts colleges of New England. His star rose again recently, when the member of Carmel’s Crooked Stick Country Club led a committee that helped the Pete Dye-designed course score the 2009 U.S. Senior Open Championship. But the Wabash man and golfing buddy of the affluent now finds himself in…

Honda poses pay dilemma: New auto plant’s higher wages likely to force other employers to pay up or lose workers

July 3, 2006

GREENSBURG-Companies from Cincinnati to Indianapolis hoping to drive home business from Honda Motor Co.’s 2,000-employee plant might want to watch for an economic pothole hiding up the road. Giant auto plants plopped onto the prairie, while buying hundreds of millions of dollars in goods and services from companies in the state, also tend to swallow workers from established employers. That likely will force some Indiana employers to jack up wages and benefits to retain and attract workers pining to wear…

Rapid-transit plans gain speed, but drivers might not give up keys

July 10, 2006

Just 5,900 Marion and Hamilton County commuters would park their cars in favor of rapid transit if that were an option, according to data from a late-2001 report for Indianapolis’ Metropolitan Planning Organization by New York firm Parsons Brinckerhoff.

At age 25, Wild Birds exceeds 300 stores in 43 states, Canada

July 24, 2006

When Jim Carpenter opened the first Wild Birds Unlimited in Indianapolis 25 years ago, his goal was to bring people and nature together–a combination that has brought him "unimaginable" success.

City Securities buys lender in bid to reach new markets

July 24, 2006

City Securities Corp., one of the largest investment firms based in Indiana, has purchased Columbus, Ohio-based ReCasa Financial Group LLC, a specialty lender focused on rehabs of dilapidated houses.

Jones’ ChaCha IT firm to have human touch

August 14, 2006

For the last eight months, Indiana’s resident high-tech guru has been quietly developing a new IT firm. Few details have been leaked to the public. But in September, a national media blitz will announce the launch of ChaCha Search Inc., Jones’ new human-assisted Internet search engine.

First Internet’s acquisition is no run-of-the-mill bank:

September 4, 2006

BEHIND THE NEWS First Internet’s acquisition is no run-of-the-mill bank Bank mergers happen all the time in Indiana, but this one is about as unique as they come. The buyer, Indianapolis-based First Internet Bancorp, was one of the nation’s first Web-only banks when it opened its doors in 1999. Today, it’s among the top five in that field, with assets topping $445 million. The seller is Indianapolis-based Landmark Financial Corp., parent of Landmark Savings Bank. Landmark Financial, with assets of…

Mentoring initiative aims to grow Hispanic businesses: Applications available soon for three-year program

September 11, 2006

Leaders of the growing Hispanic community have high ambitions for a new business-mentoring program with a modest price tag. In October, the Greater Indianapolis Chamber of Commerce’s Hispanic Business Council will debut its volunteer “Mentor/ProtÃ©gÃ©” initiative, which will annually match three promising Hispanic companies to local professionals that can spur their growth. Whether the Hispanic firms need help with accounting, legal counsel, supply chains or sales, the Chamber will leverage its network of contacts. And if the threecompanies-per-year pace is…

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.

ECONOMIC ANALYSIS: Productivity is going up, but what’s the cause?

September 11, 2006

It’s all quite clear as economists draw it up on their blackboards. Growth in productivity-defined as the output produced per person-hour of labor-is what ultimately allows us all to enjoy a higher standard of living. When we collectively produce more, we earn more. Or, to put it another way, we can afford to pay ourselves more without provoking inflation. And since the midpoint of the last decade, the measures of economy-wide productivity produced by the U.S. Bureau of Labor Statistics…

Roof Envy: Insurers pay to fix thousands of hail-damaged homes, but some neighbors are feeling left out

November 13, 2006

After an April hailstorm caused widespread damage in central Indiana, an epidemic slowly and quietly began spreading through tree-lined streets and cul-de-sacs. As contagious as the common cold, “neighboritis” is contracted through casual contact with friends and neighbors, even by the simple act of driving by a house topped with sparkling new shingles. Those infected often experience an initial wave of optimism and euphoria, sometimes followed by a crash that leaves them feeling dissatisfied, even betrayed. The cause of the…

ECONOMIC ANALYSIS: Daniel’s toll-road plan futuristic, not dated

November 20, 2006

Is building roads innovative? Some reactions voiced in the wake of the Gov. Mitch Daniels’ proposal to build a 75-mile beltway around the east and southern quadrants of central Indiana say no. Outer belts, it is said, are a mistaken product of 1960sera thinking, robbing growth from central cities and helping create the faceless suburban landscape that surrounds so many major cities today. Innovative thinking on transportation, one might say, would embrace new technology and get us away from the…

BioCrossroads aims to aid life sciences service sector: Group hopes to identify or raise at least $25 million

November 20, 2006

BioCrossroads, the life sciences initiative responsible for raising the $73 million Indiana Future Fund and the $6 million Indiana Seed Fund, is in early discussions on a new capital-formation effort. The focus this time around: biotech services businesses. “This is very much a work in progress,” said BioCrossroads CEO David Johnson. “But we believe and acknowledge this is an area that needs our attention and our active involvement.” Next year, Johnson hopes to focus at least $25 million to $30…

Surveillance success: Greenwood-based security firm’s rapid growth draws national notice

November 27, 2006

They all have high-tech surveillance systems from Greenwood-based American Sentry Guard. The company specializes in building and distributing “intelligent video” systems capable of linking digital video with other computer-based information, such as sales transaction records. Clients include schools, banks, casinos, government agencies and small businesses. Founded in 1999 by father-son team Jack and Jeff Brummett, American Sentry has become one of the nation’s fastest-growing privately held companies. This year, Inc. magazine ranked the company 150th on its “Inc. 500” list,…

Cities losing cable power

December 18, 2006

In the last several weeks, cable TV operator Comcast has sent out 26 “Dear John” letters to Indianapolis and other metro-area
cities, informing them it has dumped its local cable franchise agreements and gotten hitched to a single, statewide video
franchise.

Father-son team caters to wealthy clientele: Goelzer a local fixture in portfolio management

January 8, 2007

Reeling in 45-inch northern pike during annual fishing excursions to the upper regions of Canada is one type of bonding experience Don and Greg Goelzer cherish. But the camaraderie the father and son share really is rooted in the 25 years they have spent working side by side at Goelzer Investment Management Inc., the downtown advisory firm Don founded in 1969. In the quarter-century since son Greg arrived fresh from college, the two have helped grow the firm’s client base…

VOICES FROM THE INDUSTRY: Investors need to be real about their stockbrokers

January 8, 2007

Too many investors view their stockbrokers as “professionals” and not the salesmen they usually are. How do brokers find their customers? Most get their clients from cold-calling or inheriting accounts when fellow brokers leave the firm. Some brokers are adept at finding customers at church, the country club or local service organizations. Compare this point of initial contact to other professionals you deal with. Have you ever been cold-called by a doctor offering you a great deal on that annual…

Three-decade landfill battle rages on

January 22, 2007

World War II could have been fought seven times over since Ralph Reed and sons first tried to build Mallard Lake Landfill
outside of Anderson. The Reeds’ dream of big cash from trash has
upset hundreds of residents in subdivision-dotted fields since the family asked Madison County to rezone their 254-acre farm
in the 1970s.

Angie’s List explores rating doctors

January 22, 2007

Angie’s List is preparing to bring its patented dose of consumer empowerment to your local doctor’s office. The Web-based
rating service–which started 2007 by expanding into 30 more cities–hopes to launch a pilot program in Indianapolis that
rates doctors, insurers and others in the health care business.

SPORTS: Overdosing on the Colts? Enjoy it while you can

January 29, 2007

That sport, and not religion as Karl Marx once declared, has become the “opiate of the masses” is apparent in our fair burg, where we all-or at least most of us-are overdosing on the Indianapolis Colts. The TV types are in full hyper-ventilation. The scribes are cranking out words by the thousands. No angle involving the Colts and their upcoming Super Bowl date with Da Bears in Miami will go uncovered. And, yes, some of the story lines will be…

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Articles

Golf club member tees off investors: Lawsuit over $7.4M in losses casts light on little-regulated world of penny-stock promotion

Honda poses pay dilemma: New auto plant’s higher wages likely to force other employers to pay up or lose workers

Rapid-transit plans gain speed, but drivers might not give up keys

At age 25, Wild Birds exceeds 300 stores in 43 states, Canada

City Securities buys lender in bid to reach new markets

Jones’ ChaCha IT firm to have human touch

First Internet’s acquisition is no run-of-the-mill bank:

Mentoring initiative aims to grow Hispanic businesses: Applications available soon for three-year program

ECONOMIC ANALYSIS: Productivity is going up, but what’s the cause?

Roof Envy: Insurers pay to fix thousands of hail-damaged homes, but some neighbors are feeling left out

ECONOMIC ANALYSIS: Daniel’s toll-road plan futuristic, not dated

BioCrossroads aims to aid life sciences service sector: Group hopes to identify or raise at least $25 million

Surveillance success: Greenwood-based security firm’s rapid growth draws national notice

Cities losing cable power

Father-son team caters to wealthy clientele: Goelzer a local fixture in portfolio management

VOICES FROM THE INDUSTRY: Investors need to be real about their stockbrokers

Three-decade landfill battle rages on

Angie’s List explores rating doctors

SPORTS: Overdosing on the Colts? Enjoy it while you can