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Texas group roaring for Indians stock: Lion Fund dangles 40-percent premium for ballclub’s shares

A San Antonio-based hedge fund’s public solicitation of Indianapolis Indians stock is akin to a hostile takeover attempt, industry observers said. It also brings into question the succession plan of the Indians’ 72-year-old chairman, Max Schumacher, who owns 39 percent of the company’s stock. While officials for The Lion Fund LP said they aren’t looking to take majority control of the city’s AAA baseball franchise, they’re willing to pay a substantial premium over the Indians’ last buyback offer of $9,200…

Parents banking on storage of umbilical cord blood: Founder keeps research alive through Genesis Bank

Blood from the umbilical cord of a baby expected to be born in Indianapolis later this month will be collected after her birth and saved for her 5-year-old sister, who has been diagnosed with cancer. The stem cells extracted from the baby’s umbilical cord blood might someday save the life of her sibling. While doctors at Riley Hospital for Children wait and see if the young cancer patient responds to standard treatment over the next couple of years, the stem…

Expanding adult market might boost Strattera sales: Eli Lilly looks for rebound of struggling ADHD drug

One of the main benefits touted by Lilly is that Strattera is the only ADHD drug on the market that is not a stimulant, meaning users are less likely to abuse it. The makers of Adderall and Concerta have advertised their drugs in magazines geared to parents of kids with ADHD. And Lilly has been running television ads aimed at adults who may not realize they have the disorder. ADHD symptoms include impulsivity, trouble concentrating, disorganization, procrastination and hyperactivity. Several…

M-Plan might be ready to deal: State’s No. 2 health insurer talks merger with Ohio firm

M-Plan Inc., Indiana’s second-largest health insurer, has entered preliminary talks that could lead to a merger with Ohio’s oldest medical insurer. A source familiar with the discussions said they have centered on merging M-Plan’s Indianapolisbased parent, The HealthCare Group LLC, with Cleveland-based Medical Mutual of Ohio. The source, who asked not to be identified, said Medical Mutual would end up with the majority stake. M-Plan, a nearly 20-year-old insurer owned partly by the city’s Clarian and Community hospital systems, would…

Hip-deep in endorsements: Sony, Kraft deals help Manning reign as NFL advertising king

With three newly inked endorsement deals, Indianapolis Colts quarterback Peyton Manning is scoring faster and more often with corporate America than any other National Football League player, according to his handlers at Cleveland-based IMG Worldwide. But Manning’s endorsement success hasn’t played out as fast as one of his famous twominute drills. Since entering the league sevenplus years ago, Manning and IMG have followed a carefully diagrammed blueprint to build first a local platform through deals with St. Vincent Health and…

How to make money in the bear-market minefield INVESTING Keenan Hauke: How to make money in the bear-market minefield

INVESTING How to make money in the bear-market minefield All year, you’ve been reading my description of what the end of a bull market looks like. Major indexes move higher but fewer and fewer stocks participate in the rally. A case in point: On Sept. 9, the S&P 500 came within two points of its early August high, but 60 percent fewer stocks hit new highs in September than in August. Hmm. Apple Computer is one of those stocks I…

Builders finding ways to go condo under $200K: There’s a ready market for entry-level housing downtown

Building bargain housing downtown isn’t easy. Ask Doug Jones, a principal in JLM Development, which is wrapping up its first downtown condominium project, a 26-unit community called Penn Square. Because they were working with multiple landowners, some out of state, it took Jones and his partners more than a year to acquire the single acre they needed for Penn Square, on the northwest corner of 22nd and Delaware streets. But once the developers cleared that hurdle, Penn Square went from…

NOTIONS: How big-ticket amenities deliver long-term ROI

Fourteen years ago this month, my new bride and I loaded our belongings onto a moving van in Bloomfield, Conn. We packed our cats, suitcases and a few heirlooms into our cars, and pulled away from our little apartment bound for a place called Indianapolis. As I followed Pam’s blue Accord through New York and New Jersey, Pennsylvania and Ohio, I listened to cassette tapes, trying to drown out the mews from the back seat. With David Sanborn and Stan…

ECONOMIC ANALYSIS: Lack of fiscal discipline casts cloud over future

There’s been a resurgence of interest in the founding fathers of our country, judging from the best-seller lists. As some have written, not all those men we idolize today as founders of our great democracy were equally excited about the prospect of turning government over to the masses. In fact, some were downright terrified. They feared popularly elected governments would quickly go bankrupt spending their way to popularity. Now more than 200 years into the great democratic experiment, we’re hardly…

CHRIS KATTERJOHN Commentary: Health care close to implosion?

The rash of specialty-hospital construction in the suburbs is a gold rush, driven more by greed than the desire to satisfy an unmet need. The fact that 45 million people in America are without health insurance is a deplorable national disaster. The best way to use America’s health care system is to not get sick. These aren’t the rants of a deranged publisher. These are comments made by a doctor and a pair of health care executives who were panelists…

Atlas tenderloin tradition lives on: Family pays homage to ‘sticker lady’ at Carmel deli

But her connection to the grocery runs deeper. Her mother, Debbie Davis, was an Atlas institution, earning her “sticker lady” nickname from children who received the treats she kept in a toy treasure chest at her register. Debbie died in June 2004 at age 52, following a prolonged battle with breast cancer. In her memory, husband Mike Davis created the “Debbie’s Make You Smile Fund” to benefit the Indiana University Cancer Center. It is supported by the sale of the…

SPORTS: New stadium part of strategy born here decades ago

The circumstance finally gave way to pomp last week. And as the silver shovels glistened in a setting sun at the Indiana Stadium ground breaking, a new day dawned for Indianapolis and central Indiana. Similarly, the multipurpose stadium-sorry, but I refuse to call it the “Colts Stadium” when its benefits will be so vast and its uses so varied-represents both an end and a beginning. In some ways, it is the final piece of a puzzle that began to be…

ECONOMIC ANALYSIS: Data thin on rural areas, and likely to get worse

There was a time in this country when cities had electricity and the countryside did not. This side-by-side existence of two lifestyles-one filled with leisure and convenience, another with endless drudgery and work-ultimately shamed the federal government to subsidize rural electrification and turn lights on in the country that had been burning in cities for several decades. That same situation exists today for broadband Internet, and its implications for economic development have already motivated many communities to pursue plans to…

VIEWPOINT: 40 years after Civil Rights, opportunity calls

As the Civil Rights Act turns a middleage 40 this year, it’s time to celebrate accomplishments and consider the future. From a business and higher education perspective, we’ve witnessed a major turnaround. Many companies and institutions seek out minority businesses and students now. Those that are well-prepared can use the opportunity to succeed and make a big difference for our state and nation. Altruism and fairness may lie beneath some of the change, but it also just makes good economic…

VOICES FROM THE INDUSTRY: Charitable trusts: Creating gifts that keep on giving

For people who are looking to help a worthy cause, and provide an income stream from a valuable asset, creating a charitable trust may be a good solution. There are various options for the creation of charitable trusts. At most university and charity Web sites, you’ll see a reference to them. They’ve become a popular way for organizations to build their endowment. Charitable remainder trusts With a charitable remainder trust, an individual places assets in the trust-stock, real estate, bonds,…

Coming changes keep downtown a dining hub: Au Bon Pain coming to Circle, Noble Roman’s returns

Downtown is still sizzling for national restaurants looking to expand, based on recent deals. Au Bon Pain is cooking up a 2,200-square-foot Monument Circle store, taking over a recently closed Roly Poly Sandwiches shop and the Hardwickes Pipe & Tobacco that has entertained passersby for decades with its caricature statues. The Boston-based chain’s arrival in early 2006 will mark one of several dining changes near the Circle and one of the final steps in a tenant retooling of the Guaranty…

Flexible spending extension expected to be little-used: Planners say total elimination of use-it-or-lose it rule would increase participation, make plans more useful

A new Internal Revenue Service rule relaxes the “use it or lose it” rule in flexible spending accounts by extending the period during which expenses may be incurred beyond the end of the plan year. Health care flexible spending accounts allow participants to set aside at the beginning of the year a predetermined amount of pretax money to be used for medical, dental and vision expenses not covered by insurance. Dependent care spending accounts do the same thing for child…

So far, VC deals scarce: BioCrossroads: Networking should spawn commitments

Almost two years ago, in October 2003, BioCrossroads debuted its $73 million Indiana Future Fund. In the time since, just three Indiana startups have received IFF-backed investments. But it’s not for BioCrossroads’ lack of trying. Both in public and behind the scenes, BioCrossroads is working diligently to put promising local life sciences prospects in front of venture capitalists. This year, BioCrossroads has already held two well-publicized Indiana Future Fund Entrepreneurial Forums: the first in April at Purdue University in West…

Digital TV crystal-clear, but ‘multicasting’ model blurry: Making a buck from spare digital TV channels is a challenge, though one firm is eyeing city for wireless cable

While Multicast Networks Group plans to offer TV stations a network of programs they can run on their digital channels, pioneers in so-called “multicasting” of digital signals have had other visions. And like many pioneers, they’ve taken arrows. Jeff Smulyan, president of Indianapolisbased radio and TV empire Emmis Communications Corp., last year proposed leasing unused digital bandwidth from TV stations. Once he gained enough of these unused channels in a given market, he planned to deliver a sort of over-the-air…

Biz groups join forces: Agencies hope to reach more minority-, women-owned firms

Two organizations that aim to increase business opportunities for minorities and women have formed a united front, hoping to foster even greater diversity among companies. Indiana Business Diversity Council and the National Association of Women Business Owners’local chapter aren’t only sharing knowledge and resources-they’ll also share space when NAWBO moves in with IBDC later this fall. NAWBO hopes the partnership will enhance its networking capabilities. It also will give the all-volunteer organization it first-ever place to call home. For its…