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Colts fans sweating it out

Lucas Oil Stadium yesterday afternoon was too hot to handle for some Indianapolis Colts fans—and even players. And I’m not talking about the action on the field.

While the Colts were getting their first…

Seymour drug-maker to hire 150

Schwarz Pharma Manufacturing Inc. today announced a $12 million expansion of its Seymour manufacturing plant and distribution center, a move that’s expected to increase the company’s employment in the southern Indiana city from 366 to 516 by 2011.The drug maker-a unit of Schwarz Pharma AG of Monheim, Germany-said it plans to begin hiring managers, business […]

You-review-it Monday

What a weekend.

For me, it included the Indianapolis Symphony Orchestra’s once-in-a-lifetime production of “Guys and Dolls” (Okay, so I saw it twice), Butler University Theatre’s “Phedre,” Theatre on the Square’s “Evil Dead: The Musical” and reading through most of Walter…

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

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,…

Economy-minded Honda bucks auto-industry slump

Fueled by its line of gas-sipping economy cars, Honda is expanding in Indiana as car manufacturers almost everywhere else
are shrinking. And the 2,000 jobs the Japanese automaker is promising in Greensburg by 2010 could be just the beginning.

NOTIONS: The perils and pitfalls of pulling the party lever

My sister-in-law is a deputy county prosecutor in Michigan. By all accounts, she’s good at her job. But that may not matter. You see, my sisterin-law’s boss is up for re-election next month. And because his job is on the line, so is hers. So in addition to her day job, my sister-in-law has been working nights and weekends on the campaign. My sister-in-law is passionate about putting away bad guys. She’d like to keep doing it. But it’s not…

Commentary: White deserves praise and support

Chris Katterjohn has the week off. In his absence, this column, which appeared on Oct. 2, 2006, is being reprinted. It’s been a little more than a year since Indianapolis Public Schools Superintendent Eugene White took over the job of battling the flames at IPS. We should all be grateful he did. He is a special man. “It was like going into a burning house,” White told a group of business leaders at a recent breakfast. “I don’t know too…

IP law illuminates growing field for women: Increase mirrors rising number of Internet companies and inventions

But more than a century later, women are protecting more than their own assets-they’re increasingly looking out for the intellectual property of business owners large and small. One of the hottest practice groups within law firms today, intellectual property law falls into four basic areas: copyrights, trademarks, patents and publicity rights. With the exception of patent law, which requires a background in science or engineering, no specialized undergraduate degree is required. Gary Roberts, dean and the Gerald L. Bepko professor…

BEHIND THE NEWS: Opportunities start to arise for steely nerved investors

“Be fearful when others are greedy and greedy only when others are fearful.” This philosophy, which Warren Buffett espoused to a group of Columbia University students when he was just 21, has served the billionaire investor well. And it may serve you well as you navigate the ugliest stock market in three decades. To be sure, the thrashing that stocks in Indiana and across the globe have weathered in recent weeks has been nearly across the board-savaging the shares of…

Recession takes its toll on charities

Area not-for-profits are beginning to feel the sting of the year-old credit crunch, which has escalated into a full-blown
financial crisis that’s battered investors and likely pushed the nation into recession.

Mild bump expected in benefits: Despite modest rise in premiums, employers look to pass on costs

Several industry surveys predict health insurance expenses will rise at a slower pace in 2009 than in previous years. Many employers, however, are passing the added burden on to workers. Raising deductibles, copayments or out-of-pocket spending limits are the most common ways companies plan to reduce their increases. The trend of passing more of the responsibility to employees has escalated the past five years, giving rise to cheaper alternatives such as consumer-directed health plans. “The tie that binds is that…

A&E: This year’s Heartland highlights

This year, IBJ previewed every available Crystal Heart award-winning film competing at this year’s Heartland Film Festival (running Oct. 16-24). Here are our thoughts, with priority picks noted with stars. Look for more reviews of some of the not-in-competition festival films in upcoming IBJ A&E blogs (www.ibj.com/arts). For a full festival schedule, visit www.heartlandfilmfestival.org. “Amal,” dramatic feature A New Delhi rickshaw driver doesn’t realize he’s impressed a billionaire in a film where the richly detailed background is more interesting than…

Bumpy road ahead for truck-driving schools?: Slowing freight and federal standards could hurt prospects and raise costs

With a driver shortage as bad as the freight industry says, one might think operating a truck-driving school would be a license to print money. But proposed federal rules to toughen training standards and, lately, a fishtailing economy could bring a shakeout among schools. There are even rumblings that a few big carriers that contract with driving schools are poised to eliminate tuition reimbursement as they sweat out the economic downturn. “We’re going to start losing schools,” predicted John Priest,…

Commentary: Turmoil raises questions about toll road

On Aug. 28, the investment bank UBS downgraded its rating on the Australian investment bank, Macquarie Group. UBS noted that Macquarie faced the threat of a declining asset base, which it leverages to fund Macquarie’s dividend payments. UBS also posited that Macquarie may be inadequately capitalized. Macquarie Group should be familiar to Hoosiers as one of the two entities that leased the Indiana Toll Road in April 2006 for 75 years. To lease the toll road, Macquarie invested $385 million…

Sport Graphics diversifies with WFYI project: Former print shop looking to expand downtown

When WFYI-TV Channel 20 officials were looking for a company to help with their rebranding, they didn’t turn to an ad agency. Instead, they hired locally based Sport Graphics, a company known more as a print shop and sign maker with a sports focus. These days, though, Sport Graphics is becoming better known for its creative work and relying less on putting ink on paper to bring in business. “Printing is a commodity, and there are people-regardless of relationships-who will…

ECONOMIC ANALYSIS: We may be in a recession, but don’t expect calamity

It will be some months before we know for sure, but I would wager today that the United States is in a recession. Our unemployment rate is at right about the 50-year average, productivity is up, and living standards never have been higher. Even so, the economy likely has been pushed into recession because uncertainty about credit will dramatically slow hiring and production the next few months. Demand for goods also will be affected. This is financial-market mayhem spreading to…

Clearing up cloudy cases: Growing list of insurers, attorneys turn to television reporter Nicholson to shed light on weather events

If someone slips and falls in a parking lot, was it the fault of the property owner because he didn’t plow, or was the snow not deep enough in that area to prove a duty to plow? If a child darts in front of a car at dusk, were the conditions at that moment in the day enough for the driver to be able to see the child? Should the driver legally have had his or her headlights on, and…

Real estate agents struggling from trickling home sales

The downturn in the housing market isn’t tough just on people trying to sell their homes. It’s also tough on the people
who want to help those people sell their homes–real estate agents. Locally, their ranks have thinned as
more and more leave the field to search for better prospects.

RETURN ON TECHNOLOGY: Should you put your head into ‘cloud computing’?

Sometimes just the name of a technology is enough to make me hate it. An example is the new hot thing, “cloud computing.” For one thing, the name has given marketers everywhere a new meme to exploit with puns, clever ad copy and pictures, speeches and slogans. There is even a cloud computing expo, where reportedly cloudy references were so numerous that it stormed inside the hall. Cloud computing is already here, and it’s only going to get deeper and…