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Hitching its wagon to central Indiana: Wells Fargo quietly lassoes big share of local loans

How big is the portfolio? Very big. How does it stack up to its rivals? Nobody knows for sure. The Federal Deposit Insurance Corp. requires banks to report the deposits they hold at branches, but it doesn’t require banks to spell out how much commercial business they’re generating geographically. “It’s one of the biggest frustrations of the bank information that we [compile],” said Karen Dorway, president of Bauer Financial Inc., a Coral Gables, Fla.-based bank rating service that tracks market…

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Conseco takes fresh look at product development: New strategy emphasizes shared resources, efficiency

Conseco Inc. rolled out a fresh blueprint for product development earlier this year, and it was high time the insurer did so, say analysts who follow the company. The Carmel-based holding company is combining the resources of its subsidiaries and developing a corporate-wide system to pump out products more efficiently for its two main operating segments, Conseco Insurance Group and Chicago-based Bankers Life. It hopes to see results soon. Conseco Insurance Group launched only four new products in 2004 and…

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ECONOMIC ANALYSIS: Will telecom reform bring cell service to remote areas?

Those of us who spend a lot of time in airports get an effective education in the economics of competition by observing-and paying-the fares charged by airlines. It’s really quite simple. Fly a route served by several airlines, especially if one of them is a low-cost, no-frills carrier such as Southwest, and fares will be reasonably low. But if you are unlucky enough to fly to or from a smaller city, or even a large one where a single carrier…

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Dow AgroSciences seeks better vaccine: Plant-based preventive measure loaded with potential

Imagine a vaccine that kills salmonella bacteria in chickens long before they reach the food-processing center, possibly reducing the chance of a food-borne illness landing on your dinner plate. That’s one of the possibilities researchers are thinking about on the northwest side of Indianapolis, where Dow AgroSciences has become a pioneer in the new frontier of plant-based vaccines. Earlier this year, the subsidiary of Dow Chemical Co. received the world’s first regulatory approval for a plant-made vaccine from the U.S….

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BULLS & BEARS: Use paper, fifth-grade math to track investment results

Throughout history, we have devised methods to calculate and measure results for all kinds of activities. In academics, we have grading systems that measure student performance. In sports, the most important factor in any game is the score. But when it comes to keeping track of investment results, I suspect that many investors do not have a good grasp on how well their money has performed. Attempting to keep a mental scorecard of the rate of return on your investments…

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VIEWPOINT: Consumers should take charge of health

In an environment where we’re all being asked to pay a larger share of our own health care costs, it’s interesting to see how little time we spend thinking about major decisions that have an impact on our health. Like selecting a primary care physician or any medical specialist, for example. According to a recent Managed Care Weekly Digest survey, 67 percent of U.S. adults ages 18-64 said they spent eight hours or more researching an automobile purchase, yet only…

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Firm may hold key to earlier detection: Startup lands grants for breast cancer biomarker

Linda Malkas’ arrival at the Indiana University School of Medicine four years ago is beginning to look like a coup for the city’s life sciences initiative. Armed with promising cancer research, Malkas helped found CS-Keys Inc., which last month received a $285,000 infusion from BioCrossroads’ Indiana Seed Fund and is poised to net a similar investment July 17 from Triathlon Medical Ventures in Cincinnati. The additional capital is critical to the startup’s continuing development of a biomarker that detects breast…

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Alley’s new aim: Consolidate electronics industry: Ex-banker shooting for $170M in revenue by 2012

Since purchasing Escient Solutions in early 2003 and changing its name to Electronic Evolutions Inc., Mike Alley has increased revenue 35 percent, to $6.5 million. That’ll be small potatoes if Alley’s dreams for the company pan out. Alley, former Fifth Third Bank of Central Indiana president and CEO, wants to be a consolidator in the fragmented electronics and automation design and installation industry. Toward that end, he partnered in late June with electronics industry veteran Daniel Knotts and formed E2…

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Young entrepreneurs cash in on ring tones: West Coast VCs have big plans for local Web startup

As students at Warren Central High School just a few years ago, Michael Slate and David Hosei used to dream about becoming entrepreneurs. They started like many of them: cutting grass and selling candy door-to-door. Today, they rub elbows with West Coast venture capitalists. In April, the pair announced that Silicon Valley-based VantagePoint Venture Partners had invested in their Internet startup 3GUpload, a Web portal for the exchange of cell phone ring tones. Founded in a Purdue University dorm room…

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Animated startup foresees big growth in life sciences: Company produces 3-D graphics with young talent

Harlon Wilson and Kurtis Rush originally intended their Indianapolis-based upstart business to provide 3-D animation for use in court cases. But if they had stuck to that business plan, Medical Animatics Inc. could not have produced the video to the hilarious “Urine Stream,” a song parody of Abba’s “Dancing Queen.” Here’s a sample of the chorus: So when you get the chance, undo your pants … And make a urine stream, gold and clean, oh it’s such a dream. Urine…

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RETURN ON TECHNOLOGY: We need more Googles to take on government

As I write this, two of the biggest titans on the planet have just fought each other to a standstill. In one corner is the U.S. Department of Justice (DOJ). In the other corner, the search engine company Google. In 2005, the DOJ wanted to revive the Child Online Protection Act (COPA), which had already been swatted down by the Supreme Court as unconstitutional. The law didn’t address child pornography, as has often been assumed in the case, but only…

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Westview soldiers on amid health care explosion: Hospital fares well against larger, newer competition

A touch-screen directory, a grove of potted trees and a muffin-bearing kiosk greet visitors entering the six-story atrium at the new Clarian North Medical Center in Carmel. A much milder scene awaits people walking into Westview Hospital a few miles away, on the west side of Indianapolis. There, a lonely player piano spills soft tunes into a one-story lobby filled with clusters of chairs and pamphlets on volunteering. “Quiet! Healing in Progress” reads a nearby sign. Indiana’s lone osteopathic hospital…

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BRIAN WILLIAMS Commentary:

On June 1, Gov. Mitch Daniels and officials from the Indiana Public Employees Retirement Fund announced the Indiana Investment Fund, a $100 million investment vehicle. The fund will invest in early-stage startups and loans to mature firms. It will invest in Indiana-What’s wrong with local investment pros? based agriculture, manufacturing, information technology, transportation and life sciences companies. Credit Suisse was selected to manage this new fund. As a global investment bank, Credit Suisse certainly has skilled bankers who can evaluate…

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New technology could put chill on hotspots: Emerging wireless access cards let users tap into the Internet anywhere they can receive cellular signals

The “hot spots” that drive wirelessfidelity access-better known as WiFi-might be in for a cool-down. WiFi enables Internet users to log on without a wire connection, as long as they are in a hot-spot area. The sites have become so common that the number worldwide surpassed the 100,000 mark earlier this year, according to JiWire, a Web-based hotspot information provider. Thousands of businesses, universities and municipalities have invested in the technology. But wireless phone companies are challenging the technology with…

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Colts waiting list grows fast: Despite hot ticket sales, team makes big marketing push to ensure new stadium will be sold out

The Indianapolis Colts in early July will unleash its most aggressive marketing campaign ever-even though demand for tickets, club seats and corporate suites at its RCA Dome home exceeds supply. The push is all about the future. Billboards around the state will proclaim that those who want to see games in Lucas Oil Stadium when it opens in 2008 “better not wait until the dust settles,” said Tom Zupancic, Colts senior vice president of sales and marketing. Some radio, television…

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Work still elusive for people with disabilities: Employment rates remain stagnant even though a wealth of programs are finding success placing workers

The lesson Amy Kurzekwa taught the folks at the downtown Gregory & Appel Insurance agency reaches far beyond what they learned about premiums and deductibles. Since 1992, she has taken the bus to her job there as a clerical assistant, performing such tasks as sorting and delivering the office mail and filling the copy machines. While most anyone can do that, Kurzekwa, 37, is irreplaceable to her co-workers. Her role in opening their eyes to the fact that people with…

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Carmel firm grows up in emerging market: BlueBean acquisition makes it one-stop RFID shop

A small Indiana firm is looking to become a big player in the emerging radio-frequency-identification market. Carmel-based BlueBean LLC is one of a small but growing number of firms nationally that provide consulting services to companies trying to set up systems using radio frequency identification-commonly called RFID-tags and readers. BlueBean in April acquired Mishawakabased www.rfidsupplychain.com, which sells RFID hardware and software online. The acquisition also provided BlueBean rights to a bevy of other domain names, including www.rfidhealthcare.com, www.rfidpharma.comand www.rfidfood.com. The…

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Artist out to protect her images: Noel sues Texas distributor for copyright infringement

Zionsville artist Nancy Noel’s original work can be seen in the homes of Mikhail Gorbachev, Robert Redford, Denzel Washington and Oprah Winfrey. Noel prides herself on its originality and authenticity. And she said she’ll “go after anyone” who threatens that. This spring, Noel filed a federal lawsuit against Texas-based art distributor Martha Ewell, alleging she made unauthorized copies of Noel’s images-including her popular Amish and angel collections-and sold them on the Internet. She is asking to be paid $30,000 for…

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Pact with automakers puts firm in fast lane: Battery pioneer signs deal with big three alliance, hopes to push technology for hybrid cars to market

A deal with the big-three U.S. automakers has positioned an Indianapolis manufacturer to be one of the leading battery providers for domestically made hybrid vehicles. EnerDel Inc., which employs 35 at its 8740 Hague Road headquarters, recently signed a deal to provide technology for hybrid-vehicle batteries to a consortium formed by DaimlerChrysler Corp., Ford Motor Corp. and General Motors Corp. EnerDel is a joint venture between two publicly traded firms, F l o r i d a – b a…

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Employee privacy a sensitive legal issue:

For all businesses, especially small companies, the best way to approach potential legal issues is proactively: spending time crafting policies and procedures today can save significant headaches-and attorney fees-down the road. This is especially true for the thorny issue of privacy in the workplace. While the right to privacy isn’t enumerated specifically in the Constitution, it remains a closely guarded prerogative for most Americans. Harris polls consistently show that more than 85 percent of respondents are concerned about the erosion…

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