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ATA may fly solo again, exec says: Restructuring officer sees opportunities ahead

The retired Southwest Airlines executive helping pilot ATA Holdings Inc. out of bankruptcy said he’s confident the Indianapolis carrier could again fly solo, despite a virtual pullout from its hometown and what to some is a precarious reliance on code sharing with competitor Southwest. John Denison, former chief financial officer and executive vice president at Dallas-based Southwest, said ATA’s long-term strategy could include boosting frequency of flights from ATA’s Chicago Midway Airport hub to key markets such as New York…

European firm plants local roots in patient technology: Company to start Indianapolis operation after test

A British company has picked Methodist Hospital and Indianapolis as the birthing ground for a new way to monitor patients using technology inspired by jet engines. Oxford BioSignals Ltd. hopes to roll out its BioSign technology by the end of this year, but the Rolls-Royce partner won’t leave the city after testing ends. The company also plans to start business operations here, much to the delight of those nurturing the life sciences industry. BioSignals will begin testing its BioSign product…

INVESTING: Merger activity no harbinger, but better market coming

On Jan. 28, Procter and Gamble agreed to pay $52 billion to acquire Gillette. Days later, SBC Communications Corp. bought AT&T for $16 billion. The track record of merger-and-acquisition activity on Wall Street leaves a lot to be desired. Most of the mergers involving large operations fail to generate anywhere near the returns management promises. But as soon as I heard about the P&G deal, I thought a lot of things make sense here. First of all, neither one of…

Funding a chance at success: Bowens have helped 300 find career hope

Sharon Townsel is old enough to be Kori Buford’s mother. But despite the age difference, the women share a common bond: They’re both scholarship recipients of the Bowen Foundation. Robert and Terry Bowen launched the not-for-profit a decade ago and since have doled out $600,000 of their own money to nearly 300 black recipients who want to better their lives. By helping them learn a skill or trade, the object of the foundation is to assist those who need the…

SUSAN WILLIAMS Commentary: Don’t overlook Benjamin Harrison Home

SUSAN WILLIAMS Commentary Don’t overlook Benjamin Harrison Home Here’s a thought: Celebrate President’s Day (Feb. 21) at the President Benjamin Harrison Home. Let re-enactors take you back to the era of the only president elected from Indiana. Benjamin Harrison built his three-story Italianate Victorian home at 1230 N. Delaware St. in 1875 and lived there until his death in 1901, with a four-year interruption when he moved to Washington, D.C., to serve as the 23rd president of the United States….

New La Plaza says adios to independent NFP operations: Three groups uniting to serve Hispanic community

It took several years and a couple of gentle nudges in the direction of progress, but a streamlined support system for local Latinos is finally taking shape. Three Indianapolis not-for-profit agencies are giving up their own identities-and autonomy-to populate La Plaza Inc., an organization that aims to position itself as the place for the burgeoning Hispanic community to look for help. “When you have three or four groups working with minimal budgets and overlapping services, it can get confusing,” said…

STATEHOUSE DISPATCH: Telecom regulation takes center stage at Statehouse

While this session will, necessarily and constitutionally, be all about the budget, you can expect a few interesting stops during the long journey to that point. Even as the House Ways and Means Committee was hearing last week from assorted state agencies about their respective budget needs, other lawmakers were hearing from Hoosiers more interested in altering state policy than what the state’s fiscal bottom line might be. And just like the governor will be distracted this week-as he should…

Study shows lack of women law partners: City firms rank below national average of 17 percent

Prominent local attorney Virginia Dill McCarty earned her law degree from Indiana University in 1950, the only woman to do so at the school that year. That trend certainly has changed since then, with far more women entering the bar. Still, the number of women at the highest levels of most law firms is far smaller than many expect it should be, according to a report from the National Association for Law Placement in Washington, D.C. In Indianapolis last year,…

IDEM levies fewer fines: Air pollution violators account for half of state’s penalties

Four of the 10 largest environmental penalties levied against Indiana companies in 2004 involved air pollution violations, an area of regulation likely to come under renewed focus after the first-ever “fine particulate” health warning was issued last week for Marion and five other counties. The Indiana Department of Environmental Management, which sounded the alarm, assessed $1.2 million in air pollution penalties last year-almost half of the $2.4 million in 1999, according to state records. The decrease in air penalty amounts…

Portal plan targets humanities teachers: Technology offers access to data, lesson-planning

The Indiana Humanities Council wants to open a new doorway for teachers around the state. IHC has begun testing a trial version of an education-portal program called Smart-Desktop at six central Indiana schools, including three from IPS. The goal of the program is to help teachers teach traditional humanities subjects such as history, social science and literature more efficiently and effectively, said John Keller, teacher-designer and coordinator of K-12 development for the Smart-Desktop initiative. Starting Feb. 1, more than 30…

BULLS & BEARS: Despite decade’s bad start, market points to upswing

The four most dangerous words an investor can mutter are, “It’s different this time.” You heard the phrase a lot in the late 1990s and it was usually surrounded by words like “new economy” and “paradigm shift.” We should all know by now that it’s never really different. Boom and bust trajectories pretty much look the same whether they are tulip bulb prices, radio stocks, Internet stocks or Britney Spears’ record sales. Using the premise that same-old, sameold will rule,…

Dicks’ trust under attack: Conseco: Couple shielded $7.5M in Cook Islands

Conseco Inc. says former Chief Financial Officer Rollin Dick and his wife, Helen, set up a $7.5 million trust in a remote South Pacific island nation five years ago as part of a scheme to put family assets beyond the company’s reach. The trust in the Cook Islands has surfaced as an explosive new area of attack by Conseco attorneys trying to recover $97 million in principal and interest on loans Rollin Dick used in the 1990s to buy company…

SPORTS: A model sports program in our own back yard

The leaders of the NCAA, including President Myles Brand, have a grand vision. They want to see student-athletes who arrive on campus prepared for the rigors of higher academia and who depart in a timely manner with meaningful degrees. They want to see quality coaching and success on the field of play, including the opportunity for those student-athletes to compete on a national level. They want to see the athletic department guided by the academic mission of the institution and…

Broader Airport Authority sought: Bill would dilute mayor’s pull, give board 4 regional slots

A bill in the Legislature seeks to dilute Mayor Bart Peterson’s influence on the city’s airport board by adding four board members, two appointed by neighboring counties and two by the governor. House Bill 1734 would recast the Indianapolis Airport Authority board with more regional representation and a more bipartisan flavor as development encroaches on the Airport Authority’s smaller, suburban airports and as the board approves contracts for the $974 million terminal project at Indianapolis International Airport. The bill with…

Indiana off to head start in interpretation policies: State panel makes recommendations for certification

A trip to the emergency room is never planned, and it’s rarely pleasant. For those who don’t speak English, however, it can be downright bewildering. Imagine trying to communicate the details of your pain or ailment to a nurse or doctor when you can’t find the words, or deciphering an important document that needs your signature before treatment can begin. Fortunately, Indiana hospitals and other medical facilities have access to interpretation services-be it through full-time staff members or a dial-up…

JOHN KETZENBERGER Commentary: A line on city’s stadium plan

Don’t bet on gambling revenue as the source of money that nearly doubles the size of the Indiana Convention Center and builds a new stadium just across the railroad tracks. The smart money rides on the notion Sen. Luke Kenley, R-Noblesville, will take up Mayor Bart Peterson’s invitation to find another source of revenue to back the bonds for the $900 million project. The chairman of the newly created Senate Tax and Fiscal Policy Committee isn’t being coy by revealing…

Lip balm receiving high praise from music industry pros

Dan Gosling’s failure to nail a position with the Indianapolis Symphony Orchestra may have been a blessing in disguise; for if he had, he would not have had time to create his ChopSaver lip balm he’s marketing to musicians. “It was disappointing to say the least,” Gosling said of his tryout in May in which he advanced all the way to the final round.

NOTIONS: Modest proposal to make regional officials heroes

TO: Elected officials in Boone, Hamilton, Hancock, Hendricks, Johnson, Madison, Morgan and Shelby counties FROM: Bruce Hetrick, Marion County Center Township peon Years ago, I wrote an advertisement for my boss. Under the headline “A different drummer,” it began: “One way to lead is to find a parade and step before it. A better way is to start the parade and keep it going.” Well, my friends, as stewards of central Indiana’s suburban communities, you face an unprecedented opportunity to…

BEHIND THE NEWS: REIT run leaves analysts ‘worried and optimistic’Ex-executive settles with SEC

Mall developer Simon Property Group Inc. and many of the nation’s other top real estate investment trusts have earned investors huge returns since 2000, so huge that continued gains seem unlikely. Or do they? That’s the million-dollar question as investors close the book on 2004, one of the best years in the history of REITs. For the 12 months, Simon posted a total return of 47 percent, while REITs overall returned 31 percent. It was the fifth straight year REITs…

Cancer plan enters action phase: State health initiative unveils multi-pronged strategy to take on deadly disease

But Dr. Greg Wilson, the department’s commissioner who stepped down Jan. 25 due to the change in administrations, realizes it’s going to take more than money to snuff out unhealthful habits, such as smoking. “Three-hundred-thousand dollars will not cure cancer in Indiana,” Wilson said. “We really have to utilize the private sec- tor and we really have to involve all the participants.” Those participants include 110 organizations that make up the Indiana Cancer Consortium, an effort initiated in 2001 to…