Indianapolis Business Journal articles from September 2003

Indianapolis Business Journal archives from September 2003

Magnet company moving to Singapore; legislators say loss might threaten national security.(Magnequench Inc.)
September 1, 2003... An Indianapolis company with a Valparaiso plant that makes 80 percent of the magnets used in U.S. smart bombs is moving to Asia. But Sen. Evan Bayh and U.S. Rep. Pete Visclosky, both Democrats, say losing Magnequench Inc. will threaten...

Food fight: Wal-Mart's Neighborhood Markets set to duke it out with Marsh, Kroger.
September 1, 2003... Competition in Indianapolis' already-tight grocery market is about to kick up several notches as Arkansas-based behemoth Wal-Mart Stores Inc. moves forward with plans to open its first four Neighborhood Market grocery stores in the city. ...

Leland survives tumultuous 1st year; Winona owner adds stability amid cutbacks.(Leland Medical Centers Inc., Winona Memorial Hospital)
September 1, 2003... Winona Memorial Hospital this week wrapped up a roller-coaster first year under new owner Leland Medical Centers Inc. The Texas-based company's Indiana debut was a year of staff cuts, service reductions and a failed attempt to transfer...

Cable TV providers hunt signal pirates; Bright House, Comcast say millions of dollars at stake.
September 1, 2003... Chad VanDuyn is not someone you want to see on your doorstep. Oh, he's pleasant enough--a good personality is important in his business--but when he shows up, it's not necessarily good for the people on me other side of me door. ...

Researchers claim stake in Xigris; suit claims the physicians should be named inventors of patents relating to Lilly drug.(Gerald R. Crabtree, Jorge Plutzky sue Eli Lilly and Co.)
September 1, 2003... Two researchers from esteemed medical schools claim Eli Lilly and Co. failed to recognize their contributions to the development of Xigris, and they want profits from the drug's sale. Dr. Gerald R. Crabtree, a professor of developmental...

Center planned to study logistics; Purdue leads effort to form public-private partnership to make state industry hub.(Purdue University)
September 1, 2003... Moving goods from point A to point B might seem simple, but it's a complicated, billion-dollar process for big Indiana companies like Celadon Group Inc., Federal Express, Wabash National Corp. and Allison Transmission. Now these companies...

Past-their-prime malls test savvy of Simon.(Behind The News)(Simon Property Group Inc.)(Column)
September 1, 2003... You know a mall has passed its hey-day when it classifies a T-shirt and sweatshirt store, albeit a cavernous one, as an anchor. In a regulatory filing this spring, Simon Property Group Inc. listed Steve & Barry's University Sportswear, a...

Hospital group eyes Intech Park for facility; plans are in the works to build a two-story bariatric hospital on the West 71st Street property.(St. Vincent Carmel Hospital)
September 1, 2003... A hospital that treats the morbidly obese has filed plans to build a facility in Intech Park, the northwest-side business park that was supposed to be a magnet for high-tech businesses when it opened five years ago. But Intech, at 71st...

Shaffer's is snuffed out; Glendale Plaza nearly dark; empty buildings, office tower complicate redevelopment.(Shaffer's Restaurant)
September 1, 2003... North-side fondue institution Shaffer's Restaurant has closed, leaving one retail tenant on the nearly 10-acre Glendale Plaza near Keystone and Broad Ripple avenues. Shaffer's closed July 16, according to a sign on the door, because of a...

Constant innovations keep Aero flying high: local manufacturer grows beyond tarp origins.(Aero Industries Inc.)(Company Profile)
September 1, 2003... Keenly observant highway travelers and Indianapolis Indians grounds crews are probably among the minority who know much about Aero Industries Inc. Founded as Aero Canvas Products in 1944, the Indianapolis-based family-owned manufacturer...

Future of state's tourism efforts is uncertain: economic development details still being set.
September 1, 2003... The Indiana General Assembly this year eliminated the Department of Commerce and created a public-private partnership to direct the state's economic development efforts. But one major economic development engine will not be part of the new...

Orphaned tourism needs attention: lawmakers musn't let agency drift.(Indiana Department of Commerce)(Editorial)
September 1, 2003... More than 100,000 Hoosiers have jobs thanks to tourism in Indiana. Tourists spend $6.7 billion a year traipsing across the state. Yet, when government decides to reorganize the Department of Commerce, it orphans the division that oversees...

'Diving In' bully rides the range.(Commentary)(Open Range)(Movie Review)
September 1, 2003... "Open Range" is the new cowboy movie at theaters this summer. Although this Kevin Costner effort benefits from considerable contribution by co-star Robert Duvall, it is a Western that just doesn't feel its oats. The film does, however,...

Powers of the governor are limited.(Eye On The Pie)
September 1, 2003... I would be very satisfied to see our gubernatorial candidates resting sedately on their laurels or wherever they choose to rest. But they are on their feet already saying unwise things. For example, Milch Daniels has fallen into the trap of...

Principal let no one stand in way of vision.(Commentary)(Pat Bolanos)(Obituary)(Column)
September 1, 2003... Creative, innovative, tenacious, courageous, passionate, compassionate, stubborn, complex--words eulogizing Pat Bolanos, leader of the world-renowned Key Learning Community who died July 31. This award-winning educator made her mark...

Views differ on need for fax, e-mail rules.(Letter to the Editor)
September 1, 2003... Both [e-mail and fax regulations governing junk mail] are in order. It is virtually impossible to block all of the spare without also preventing legitimate e-mails from getting through. There are a plethora of marketing methods to get a...

State's life science prospects are bright.(Letter to the Editor)
September 1, 2003... In response to several recent letters to the editor, I want to present some facts about central Indiana and its potential for success in life sciences. First, the Central Indiana Life Sciences Initiative is based not only on the academic...

Don't take free speech for granted.(Letter to the Editor)
September 1, 2003... When I came home from Vietnam I was a 19-year-old kid who got off the plane on crutches because of the last firefight I was in prior to leaving the country. Those of us getting off the plane were greeted by a bunch of protesters at the airport...

Indiana DOC is customer-friendly.(Letter to the Editor)
September 1, 2003... Barbara Branic and I discussed her [Aug. 25] Viewpoint column titled, "Indiana must put customers first." To that end, she suggested that I clarify and elaborate on some of the points she made in the column. Responding to our customers in...

Investors buy defense manufacturer.(On The Beat)(UCAR Composites Inc.)(Brief Article)
September 1, 2003... Buyout specialist Hammond Kennedy Whitney & Co. announced it is the majority purchaser in the $15 million acquisition of Irvine, Calif.-based UCAR Composites Inc. Locally based Centerfield Capital Partners and National City Bank of Indiana...

Cleveland bank makes splash.(Banking)(Charter One Financial Inc.)(Brief Article)
September 1, 2003... Cleveland-based Charter One Financial Inc. has opened three bank branches in Indianapolis in the past month, and the bank holding company plans to cut the ribbon on 13 more by the end of the year. The newest branch opened Aug. 22 in a Marsh...

Wilhelm opens in Bloomington.(Construction)(F.A. Wilhelm Construction Company Inc.)(Brief Article)
September 1, 2003... A spike in projects in southern Indiana and northern Kentucky has prompted locally based F.A. Wilhelm Construction Co. Inc. to open its first office outside of Indianapolis in Bloomington, the company has announced. Wilhelm has projects...

New health care billing to come.(Health Care)(Brief Article)
September 1, 2003... Indiana Medicaid officials want health care providers to start preparing for a new billing system that will start Oct. 16. The Health Insurance Portability and Accountability Act requires health care providers that bill electronically to...

Plans to expand Purdue pharmacy research kick off.(Manufacturing)(Purdue Research Foundation Park)(Brief Article)
September 1, 2003... A South Carolina company has started preliminary design work on a $7 million drug manufacturing and research complex that should open its doors in the Purdue Research Foundation Park by late 2004. The Allen Chao Center for Industrial...

WFMS regaining national notice.(Media & Marketing)(Brief Article)
September 1, 2003... Local radio powerhouse WFMS-FM 95.5 is back in the running for the Country Music Association's station of the year honors after missing out in 2002. CMA rules kept WFMS out of the competition last year because of previous wins in 2000 and...

NPower seeking new leader.(Philanthropy)(David Lewis resigns)(Brief Article)
September 1, 2003... Less than two years after taking the helm of NPower Indiana, former Topics Newspapers Publisher David Lewis is leaving the not-for-profit to return to journalism. Lewis didn't want to share details until his new employer gives the OK, but...

City officials and United Way of Central Indiana.(Philanthropy)(commemoration of 9/11 terrorist attacks)(Brief Article)
September 1, 2003... * City officials and United Way of Central Indiana are organizing a second community fair to commemorate the anniversary of the 9/11 terrorist attacks. The event is scheduled for 10 a.m. to 2 p.m. Sept. 11 on Monument Circle. Last...

Stanley K. Lacy Leadership Association.(Philanthropy)(Brief Article)
September 1, 2003... * The Indianapolis-based Stanley K. Lacy Leadership Association is still accepting registrations for its 2003 Leadership Education and Development program. LEAD is an eight-week series of leadership training sessions that begin Sept. 4....

Keystone office building opens.(Real Estate)(AmeriVest Properties Inc.)(Brief Article)
September 1, 2003... Denver-based AmeriVest Properties Inc. has opened an 18,000-square-foot multi-tenant office building in its Keystone Office Park near 98th Street and Keystone Avenue. The single-story building is designed in the same style as the original three...

Speedway puts infield seats up for United States Grand Prix.(Sports)(Indianapolis Motor Speedway)(Brief Article)
September 1, 2003... The Indianapolis Motor Speedway will offer Formula One fans up-close seating for the 2004 U.S. Grand Prix, with new bleacher seating in the infield of the 2.605-mile road course. The new reserved-seat bleachers will be in two locations:...

Dreyer & Reinbold Racing.(Sports)(Sarah Fisher contract extension)(Brief Article)
September 1, 2003... * Officials for Indianapolis-based Dreyer & Reinbold Racing are closing in on a contract extension with Sarah Fisher for the 2004 Indy Racing League season. Fans have voted Fisher the IRL's most popular driver each of the last two seasons....

Cinergy again recognized for economic development.(Utilities)(Brief Article)
September 1, 2003... For the fifth consecutive year. Site Selection magazine has honored Cincinnati-based Cinergy Corp. as one of the nation's top 10 utilities in economic development. The magazine's September issue recognizes Cinergy, parent of PSI Energy...

Purdue startup attracts $8.3m.(Venture Capital)(Arxan Technologies Inc.)(Brief Article)
September 1, 2003... West-Lafayette-based Arxan Technologies Inc., a Purdue Research Park startup, announced it landed $8.3 million this month in venture capital financing from a syndicate of investors. Arxan, which produces computer-security software, was...

Irwin Mortgage Corp.(Finance)(appointments, promotions)(Brief Article)
September 1, 2003... Irwin Mortgage Corp. has added the following: Thomas D. N. Zaenger, communications manager; Jennifer Keller, communications associate; Benjamin Carney, graphic communications manager; and Jennifer Gasiorek, advertising and public relations...

City Securities.(Finance)(Kelly McClarnon appointed)(Brief Article)
September 1, 2003... * Kelly McClarnon has joined the Insurance Division of City Securities as an account executive.

Encore Health Network.(Health Care)(Kathryn O'Farrell appointed)(Brief Article)
September 1, 2003... Kathryn O'Farrell has been named assistant vice president of Marketing and Product Development at Encore Health Network.

Indiana Hand Center.(Health Care)(fellowship program appointments)(Brief Article)
September 1, 2003... The Indiana Hand Center has added the following doctors to its fellowship program: * Minas Chrysopoulo, * Mark Leber, * AJ Mencias, * Douglas Musgrave, * Stefan Strapko and * William Vitello.

St. Vincent Primary Care Network, Zionsville.(Health Care)(Chad O'Nan joins practice)(Brief Article)
September 1, 2003... Chad O'Nan has joined the St. Vincent Primary Care Network, Zionsville, as a family physician.

Community Pediatrics Center.(Health Care)(Michele Saysana appointed)(Brief Article)
September 1, 2003... Michele Saysana has joined Community Pediatrics Center as a pediatrician.

Mayland Chang has joined the Walther Cancer Research Center as assistant director.(Health Care)(Brief Article)
September 1, 2003... Mayland Chang has joined the Walther Cancer Research Center as assistant director. Mary Cangany has joined the Hoosier Oncology Group administrative office as research site coordinator.

Goodin Orzeske & Blackwell P.C.(Law)(Clare Deitchman appointed)(Brief Article)
September 1, 2003... Clare Deitchman has joined Goodin Orzeske & Blackwell P.C. as an associate.

Woodard Emhardt Moriarty McNett & Henry LLP.(Law)(promotions, appointments)(Brief Article)
September 1, 2003... * Arthur J, Usher IV and * Douglas A, Collier have been promoted to partners at Woodard Emhardt Moriarty McNett & Henry LLP. * Douglas G. Gallagher and * Carl J. Brauch have joined the firm as associates, and * Michael C. Bartol has been named...

Ogletree Deakins NashSmoak & Stewart P.C.(Law)(James L. Liggins Jr. appointed)(Brief Article)
September 1, 2003... * James L. Liggins Jr. has joined Ogletree Deakins NashSmoak & Stewart P.C. as an associate.

DeFur Voran Hanley Radcliff and Reed LLP.(Law)(appointments)(Brief Article)
September 1, 2003... * Greg Cagnassola, * Bill Lutz and * Les Cohen have joined the Fishers office of DeFur Voran Hanley Radcliff and Reed LLP.

Richard G. Lugar Excellence in Public Service Series.(Professional/Trade)(elections)(Brief Article)
September 1, 2003... The Richard G. Lugar Excellence in Public Service Series has elected the following officers: * Melissa Proffitt Reese, Ice Miller, president; * Patricia Keiffner, Indianapolis Business Journal, vice president; * Kris Altice, Shiel Sexton Co....

Indiana Academy of Family Physicians.(Professional/Trade)(Richard Feldman president)(Brief Article)
September 1, 2003... Richard Feldman, M.D., has been named president of the Indiana Academy of Family Physicians.

Indiana Society of Public Accountants.(Professional/Trade)(appointments)(Brief Article)
September 1, 2003... Sharon D. Smith has been named president of Indiana Society of Public Accountants. Cynthia M. Bogan has been named treasurer. Joseph A. Higgins has been named to the board.

Indiana State Nurses Association.(Professional/Trade)(Ernest C. Klein Jr. appointed)(Brief Article)
September 1, 2003... Ernest C. Klein Jr. has been named member--at-large, constituent assembly, for the Indiana State Nurses Association.

American Bar Association.(Professional/Trade)(Vicki J. Wright appointed)(Brief Article)
September 1, 2003... Vicki J. Wright, Harrison & Moberly, has been named chairwoman of the Ethics Committee for the Environment and Resources Section of the American Bar Association

International Facility Management Association, Indianapolis chapter.(Professional/Trade)(officers appointed)(Brief Article)
September 1, 2003... The International Facility Management Association, Indianapolis chapter, has named the following officers; * Norman Smiley, Dow AgroSciences, president; * Maria Staiano, ML Associates, vice president: * Bob Groogan, Shiel Sexton Co. Inc.,...

Indianapolis Medical Society.(Professional/Trade)(Marc E. Duerden named president)(Brief Article)
September 1, 2003... Marc E. Duerden, Rehabilitation Associates of indiana, has been named president of the Indianapolis Medical Society.

F.C. Tucker Co.(Real Estate)(realtor appointments)(Brief Article)
September 1, 2003... F.C. Tucker Co. has added the following realtors: Suburban North--* Jonathan Knapp: Keystone/ Haverstick--* Julie Brooks, * Eric Grubb, * Cheryl Tanner; West--* Beth Ayers, * Jill Shumaker; Northeast--* Margo Fritz, * Ted Searles; Castleton--*...

Kittle's Home Furnishings.(Retail)(Duane E. Wingert appointed)(Brief Article)
September 1, 2003... Duane E. Wingert has joined Kittle's Home Furnishings as chief financial officer.

Beacon Services.(Services)(appointments, promotions)(Brief Article)
September 1, 2003... * Michael S. Mosher has been named president and chief operating officer of Beacon Services. * Martin W. Zivitz has been promoted to vice president and general counsel, and * Jon Peisner has been promoted to executive vice president and chief...

Frontline Physicians Exchange/Communications.(Services)(promotions)(Brief Article)
September 1, 2003... Shamess E. Twardy has been promoted to vice president, Operations/IT, at Frontline Physicians Exchange/ Communications. Terra Saffen has been promoted to assistant vice president, Quality Assurance/Staff Development.

Ginovus.(Services)(Jenny Dillman appointed)(Brief Article)
September 1, 2003... Jenny Dillman has joined Ginovus as manager of client services.

Evergreen Re, Noblesville.(Services)(Kelley Kaurich promoted)(Brief Article)
September 1, 2003... Kelley Kaurich has been promoted to senior vice president for Evergreen Re, Noblesville.

Hudson Institute.(Services)(Curtin Winsor Jr. appointed)(Brief Article)
September 1, 2003... Curtin Winsor Jr. has been named to the board of trustees at the Hudson Institute.

EnviroForensics.(Services)(Gary Weinreb appointed)(Brief Article)
September 1, 2003... Gary Weinreb has joined EnviroForensics as a senior project manager.

Contract Counsel.(Services)(Vince Robisch appointed)(Brief Article)
September 1, 2003... Vince Robisch has joined Contract Counsel as director of business development. Indianapolis office.

Few qualify to invest in venture market: SEC requires potential investors to prove high degree of wealth before taking high-risk, high-reward plunge.(Venture Capital)
September 1, 2003... So you'd like to invest in a venture capital fund. Unless you have a liquid net worth over $1 million and generate $200,000 in annual income, forget it. The Securities and Exchange Commission says you don't qualify for accreditation. ...

Indiana introducing venture capital tax credit.(Venture Capital)(Brief Article)
September 1, 2003... For the few folks who are legally eligible to make venture capital investments, Indiana will soon have a new tax credit. "There has been a clearly identified gap in early-stage funding in Indiana. The state Legislature and business leaders...

Corporate incubator sparks new venture; Roche protein startup out to assist drug development.(Venture Capital)(Roche Protein Expression Group)
September 1, 2003... When local research scientists at Roche Diagnostics Corp. had an idea for a new company to develop research proteins for the pharmaceutical industry, they knew their inspiration had enormous promise. But Roche headquarters, which would...

Indiana venture capital firms (ranked by capital under management).(Venture Capital)(Directory)
September 1, 2003... Indiana Venture Capital Firms (Ranked by capital under management) VENTURE CAPITAL ...

Indiana buyout/takeover investors (ranked by capital under management).(Venture Capital)(Directory)
September 1, 2003... Indiana Buyout/Takeover Investors (Ranked by capital under management) VENTURE CAPITAL ...

VC fund-raising falls in 2nd period.(Venture Capital)(Brief Article)
September 1, 2003... U.S. venture capital firms" fund-raising efforts fell 29 percent in the second quarter, the 11th straight drop, as a surfeit of unspent commitments and slower investment pace diminished the need for new capital, a survey showed. Companies...

Can investors exploit stock dividend trend?(Bulls & Bears)(Column)
September 1, 2003... Like me, do you think the positive trend in the market might be the result of investors focusing on dividend-paying stocks this year? Indeed, the Dow Jones industrial average touched the 9,500 level last week. I was not able to find any data...

Market conditions, outlook mean rethinking strategy.(Investing)(Column)
September 1, 2003... From the March bottom, the Standard & Poor's 500 index first crossed over 990 on June 5. Today, almost three months later, the big index is sitting at about 990. Since 1960, there have been 24 cases of trading ranges just like this one...

Blackout's effect may be breaking through gridlock.(Economic Analysis)(Column)
September 1, 2003... Imagine you get up one morning to the sight of trucks and cars cutting across your front lawn, carving a new shortcut on their way to the city. Their new route is a few feet shorter, but your yard is in ruins. Of course it's...

First Merchants Corp.(Proxy Corner)(Company Profile)
September 1, 2003... First Merchants Corp., 200 E. Jackson St., Muncie, 47305 (www.firstmerchants.com), is a bank holding company whose banks offer financial services such as accepting deposits, making commercial and consumer loans, and issuing credit cards. For...

Eiteljorg Museum of American Indians and Western Art.(Not-For-Profit Of Note)
September 1, 2003... 500 W. Washington St. Indianapolis, IN 46204 Phone: 636-9378/fax: 264-1724 Web site: www.eiteljorg.org Year founded: 1989 Number of paid employees: 55 Highest-paid staff member: John Vanausdall, president and CEO,...

Universities collaborate on new venture center.(Stories first reported locally in IBJ daily)(Indiana Venture Center)(Brief Article)
September 1, 2003... A consortium of Indiana universities on Aug. 25 announced the formation of the Indiana Venture Center, a public-private organization that will foster entrepreneur ship throughout the state. Indiana University, Purdue University, the...

Startup firm to store biological specimens.(Stories first reported locally in IBJ daily)(BioStorage Technologies L.L.C.)(Brief Article)
September 1, 2003... A biological specimen storage facility will open later this year on Indianapolis' southwest side, state and city officials announced Aug. 27. BioStorage Technologies LLC plans to lease space in the Park Fletcher business park and employ up...

Weather dampens sporting goods sales.(Stories first reported locally in IBJ daily)(Galyan's Trading Company Inc.)(Brief Article)
September 1, 2003... Citing a weak economy and unfavorable weather in the Midwest and Northeast, Plainfield-based Galyan's Trading Co. Inc. said Aug. 21 it lost $186,000, or 1 cent per share, in the second quarter. The loss compares with a profit of $3.9...

Zyprexa performs best in diabetes study.(Stories first reported locally in IBJ daily)(Brief Article)
September 1, 2003... Eli Lilly and Co.'s Zyprexa was among anti-psychotic drugs showing an increased incidence of diabetes in patients, according to a new study involving military veterans. But the risk for diabetes was less with Zyprexa than any other drug...

Fortune cousin loses in probate court.(Stories first reported locally in IBJ daily)(John Nathan Gilbert III)(Brief Article)
September 1, 2003... A probate court judge has shot down an effort by a cousin of Elizabeth Gilbert Fortune to allow a jury to choose between her 1995 will and a final version she crafted six years later. Without elaboration, Judge Charles Deiter of Marion...

Telecom provider prospers by reselling long-distance; firm says new offerings should accelerate growth.(Small Biz Profile)(Telliss L.L.C.)(Company Profile)
September 1, 2003... All you have to do is watch a few minutes of television to grasp how price-competitive long-distance phone service has become. Ad after ad boasts long-distance for only pennies per minute. But that doesn't mean the days of ringing up...

Tour de France wheels will fight cancer.(Tyler Hamilton, Zipp Speed Weaponry donate bicycle to American Cancer Society)(Brief Article)
September 1, 2003... A Tour de France finalist and his locally based wheel supplier are donating the wheels he used in the race to the American Cancer Society Great Lakes Division. The wheels will be auctioned off on ebay in a 10-day auction in early...

Web site combats Indiana brain drain.(www.careersINsite.org)(Brief Article)
September 1, 2003... To combat Indiana's brain drain, careersINsite re-launched its interactive Web site to connect high-tech college graduates with local technology job opportunities. The re-launched Web site, www.careersINsite.org, has three distinct...

Announcements.(Records)(DeFur Voran Hanley Radcliff & Reed opens office)(Brief Article)
September 1, 2003... DeFur Voran Hanley Radcliff & Reed LLP has opened an office at 8409 Fishers Center Drive. For more information, call 585-8085.

Calendar.(Records)(business meetings)(Calendar)
September 1, 2003... Business-related calendar items should be submitted two weeks before event date. Contact bmaurer@ibj.com. Sept. 1, 7-8:30 a.m.: Business & Professional Exchange, Career Networking, North chapter, St. Luke's United Methodist Church,...

Fund raising.(Records)
September 1, 2003... The Muscular Dystrophy Association to benefit from Ritter Custard Shoppes' offering of Jerry's Kids Krunch. Ten percent of the topline sales will go to the MDA through Labor Day. For more information on Ritter's Frozen Custard, call 819-0700....

In recognition.(Records)(awards)(Brief Article)
September 1, 2003... WFYI Public Broadcasting Corp. presented the following awards: Ardath Burkhart Award to R. Dean Wiley, 2003 Martha Sterrett Service Award to Kay Voris, Brightest Idea Award to Judy Muessig, Don Sandstrom Rookie of the Year Award to Bonnie Dale,...

Mechanic's liens.(Records)(Public Notice)
September 1, 2003... To: Eric Hobein, 315 N. Euclid Ave., $51,500 From: Tanya Moore Recorded: July 21 To: Fathers and Families Resource and Research Center, Meridian Construction Management, 2835 N. Illinois St., $16,483.88 From: R. Adams Roofing...