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INVESTING: Drug stocks are out of favor-so snap up the bargains

One of the biggest companies in the world just dropped a bomb. Investors got scared. I am going to tell you why Wall Street took the news the wrong way, and what it means to one of the most important industries to consumers. In the 1990s, Pfizer made a series of acquisitions that transformed the company into the second-largest drug firm in the world. Pfizer is worth about three times Eli Lilly’s market value. Until now, Pfizer employed more than…

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Residents say safety is a growing concern: Survey: Fewer feel comfortable downtown after dark

Most central Indiana residents feel safe in downtown Indianapolis when the sun is out, but remain leery of the city at night, according to a study by the IUPUI Department of Tourism, Conventions and Event Management. The annual study, which is designed to gauge the impact of cultural tourism on quality of life, gives the city high marks overall in areas ranging from cultural attractions to cleanliness, public transportation to parking. But it also shows the city has more work…

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Marketing firm targets tech types: Seven-figure deal shows DGS’ diversification is working

When DGS Marketing Engineers signed a blockbuster deal this September with one of the nation’s largest industrial chemical companies, owners of the ad agency knew making their micro-niche just a little broader was going to pay big dividends. The local marketing and advertising agency recently decided to step outside its super-specific niche of working with companies that make machine tools to target companies working in just about any technical field. “This is a specialized advertising field that goes beyond mere…

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‘Tis the season for small businesses to party on: Close-knit companies more likely to hold holiday celebrations, but more firms of all sizes are getting into the spirit

While many large companies have decided to scale back holiday parties or give them up entirely in recent years, small businesses continue to spend merrily on the annual gatherings. “They’re doing well, making lots of money and want to celebrate with their employees,” said Kathy Ray, director of catering at the Indianapolis Marriott Downtown. Employees of small businesses are like families, so it makes sense that those companies would be less likely to eliminate or cut back on holiday get-togethers,…

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INVESTING: Election outcome a big setback for nation on upswing

A recent election ended in disaster. Voters revived a party that has no business coming back into power. I only hope the electorate wakes up soon and gets the situation back on track. No, I am not talking about the congressional elections in the United States. I’m talking about the presidential election in Nicaragua, where Daniel Ortega, leader of the Sandinista Party, was re-elected president after a 15-year hiatus. Real estate values plunged 10 percent instantly, and large corporations began…

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Dixie Chopper survives declining mower market: Zero-turning-radius pioneer rebounds with new units

This year was not kind to Dixie Chopper, the company near Greencastle known for making the “world’s fastest lawn mower.” Selling season is over, and Dixie Chopper sold 12,000 mowers, 3,000 fewer than forecasted. But company founder Art Evans said 2006 wasn’t as bad as rumored in the industry. “We’re not going bankrupt, we’re not upside down financially, and we’re not being bought out,” Evans said. Dixie Chopper laid off 10 to 15 employees, temporarily cut its workweek from 40…

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FUNNY BUSINESS: Being your own boss doesn’t save you from idiots

I work at home. Well, I call it work, but really it’s just sitting around making fun of things. Which is the same “job” description I used when I “worked” (boy, this is going to date me) at what used to be known as The Daily Newspaper. Nowadays, it’s The Manually Delivered User Operated Lifestyle Enhancement Information Platform. Anyway, the good thing about doing whatever I do at home is that I’m free from the tyrannies of the workplace-meetings, idiot…

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Taking apart PCs, rebuilding lives: Workforce Inc. recycling program helps ex-prisoners prepare for employment

Timothy Smith spent 22 years behind bars for committing a violent crime he’d rather not talk about. The Indianapolis native released from prison just two months ago cannot stop praising the transitional program meant to help him and other former inmates find jobs and rebuild their lives. “This place has been a godsend for me,” Smith said. “Coming out of prison, you don’t have much of a job history. It gives you something to look forward to.” Smith, who entered…

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From blankets to burials, trustee work never ends:

You can turn to a township trustee for help if a fire leaves you homeless or a hospital stay leaves you penniless. You also look to the office if a dog devours your livestock or you need a fence dispute resolved. Indiana’s 1,008 trustees make up the state’s largest single group of elected officials, and their lengthy list of duties ranges from the conventional to the odd. Some are charged with destroying “noxious weeds” and “rank vegetation,” according to the…

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Company offers recipe for waste disposal: Sanitec plans to microwave local medical refuse

A Washington, D.C., company hopes to introduce a method of cooking medical waste with microwaves to the Indianapolis market, which now trucks much of that refuse out of state for safe disposal. Sanitec Industries Inc. has filed plans with the city to install one of its wasteprocessing systems in an empty west-side building. It plans to hire as many as 20 people at the facility to process the redbagged medical waste that flows regularly out of hospitals, and doctor or…

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BRIAN WILLIAMS Commentary: Indy is ready (and waiting) for rapid transit

A new survey demonstrates yet again that community leaders recognize it is time to fix traffic congestion, improve air quality, reduce aggregate fuel use and enhance area accessibility. The study was taken last summer of 377 members of the Lacy Leadership Association, a group of local opinion leaders, by Walker Information, a local market research firm. More than 90 percent of survey respondents indicated that rapid transit is an important component of the solution to these problems. In addition, respondents…

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Techpoint’s new leader sees room to grow: Indiana making progress, but could do better, he says

Techpoint, a locally based technology trade group that represents the interests of about 330 members statewide, is undergoing a transition in leadership. Jim Jay, 37, has been named interim CEO following the resignation of Cameron Carter, who has led the organization since 2003. Directors should begin a formal search for a permanent replacement the first of the year. Whether Jay lands the top job remains to be seen. But in the meantime, the Butler University graduate with an entrepreneurial spirit…

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Bridge project not too far for Zionsville firm: Timber-frame specialist has big role in rebuilding Parke County landmark

The Bridgeton Grist Mill in southern Parke County sat so close to a covered bridge that was destroyed by arson last year that firefighters hosed down the historic structure to keep it from burning, too. The mill, which has churned out flour since 1863, predated by five years the wooden trestle considered one of the most scenic of the 31 covered bridges in the western Indiana county. But a replicated bridge finished in early October resembles the original so closely…

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Green roofs slow to take root in Indianapolis area: Despite an array of environmental and other benefits, initial costs and lack of incentives put lid on their use

Green roofs color the skylines in Chicago, Philadelphia, Toronto and other North American cities, but Hoosiers have to look high and low to find similar examples of the plant-filled building tops in Indianapolis. “Most green roofs [in other cities] are on the tops of existing buildings, where here they are [more likely to be found] above an underground parking garage that you might not even be aware is there,” said Mark Zelonis, director of the gardens and grounds at the…

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INVESTING: Energy, material stocks showing signs of strength

We’ve been talking lately about falling prices and the effects on stock prices. I know everyone gets a big kick out of cheaper gas, and a lot of experts are telling us oil will fall to $40 a barrel. But judging from recent market action, oil and other commodity plays might do better than observers think for the rest of the year. The headline-grabbing news of the weak housing market is doing a great job taking people’s eyes off the…

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VOICES FROM THE INDUSTRY: The cost of green building may not be extra after all

It is a question that comes up at every project kickoff meeting, the $64,000 question that every project owner wants to know from Day One-what is it going to cost to design a “green,” or sustainable building? Typically, that answer has been somewhere between 3 percent and 5 percent extra to obtain Leadership in Energy and Environmental Design, or LEED, certification, the industry’s standard for measuring building sustainability. Admittedly, it’s not an answer based on years of experience building sustainable…

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Ponds poo-pooed by more developers: Land prices create need for alternative storm systems

For years, the model for most local drainage systems-especially in large development sites not directly downtown-has been underground pipes running into a large detention pond. The ponds have dotted the landscape, becoming a perk for office dwellers and homeowners wanting a “lake” view, but raising the concern of many safety officials over the increased risk of drownings. But as new federal rules come into effect requiring not just flood prevention but also filtration of contaminants, more developers may be moving…

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VOICES FROM THE INDUSTRY: Bringing answers to Indianapolis from around the globe

Why should you care how many stamps your architect has in his or her passport? Or whom your architect talks to from around the world? Because, as national publications declare design to be the new driving force in the marketplace, and as that marketplace becomes increasingly global, your architect can offer you a conduit to the people and ideas that will make a difference in your business in the years ahead. Indianapolis-area architects already are working to bring the world…

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