Upload
tom-s
View
199
Download
2
Embed Size (px)
Citation preview
BUSINESSSECTION C D THE INDIANAPOLIS STAR D SATURDAY, JANUARY 20, 2007 D INDYSTAR.COM/BUSINESS
In the Greenfield neighborhood of Cranberry LakeEstates, started in the 1970s, housing turnover islow. [Business Central, C3]
[INSIDE]
A friendly lifestyle
1 S T
JUST
1MINUTE
THE TICKERDOW JONESINDUSTRIALS12,565.53 2.40
NASDAQ2,451.31 8.10
S&P 5001,430.50 4.13
BLOOMBERGINDIANA INDEX581.37 3.39
STORY, PAGE C2
Workers at BSA Life Structures gottheir own Colts surprise Friday: darkbrown mustaches.
President Sam Reedalready had declared it ablue day at thearchitectural,engineering, planningand interior-design firm.
On top of that, he hadmore than 300mustaches brought infor his workers.
His mission: to make all 215employees look like Colts’ QuarterbackPeyton Manning (shown above) in thatgoofy Sprint commercial. Employees
stuck on the mustaches and quickly gotinto the spirit.
BSA — which focusesits design talents onhealth care, highereducation, life sciencesand research projects —was named the sixth-bestarchitectural firm towork for in the UnitedStates last year byZweigWhite, a
management-consulting firm.One reason: its ability to provide a
positive work environment foremployees.
— Dana Knight
[WORKPLACE] BIG MUSTACHES ASIDE, BSA’S SPIRIT CATCHES ON [HIGHER ED] KUDOS FOR KELLEY PROGRAMThe Kelley School of Business at Indiana University is
getting another pat on the back for its entrepreneurialefforts.
The U.S. Association of Small Business andEntrepreneurship on Friday named the Bloomingtongraduate program its 2007 National Model MBA inEntrepreneurship.
The honor typically is given to universities with anentrepreneurship program that’s innovative,comprehensive, effective, sustainable and distinctive.
The Kelley School, which beat out 30 other schools,won because of the opportunities it provides, includingthe Entrepreneurial Management Academy and VelocityConference. The association also praised the school’scross-campus initiatives on life sciences.
— Erika D. Smith
▼
▼
▼
▼
ASST. MANAGINGEDITOR/BUSINESS:Steve Berta
BUSINESS PHONE:317.444.6868
By Tom [email protected]
Lucas Oil will have its name inlights, but a lot of regular Joeswill get a shot at making a lastingimprint on the grounds of the In-dianapolis Colts’ new home.
For $150 to $325, fans,businesses and others will getthe chance to put their namesand a message on the sidewalkpavers along Capitol Avenue inwhat the Indianapolis Colts havedubbed the “Walk of Fame.”
Despite little marketing, some3,000 bricks have been reservedfor 2008 — and there’s plenty ofroom for what the team hopeswill exceed 15,000 pavers. Thatwould make one heck of a red-hued sports stadium plaza.
“We’ve had great success,”said Julie Souers, the Colts’ spe-cial projects manager.
Colts season-ticket holderKellie Walbridge of Indianapolissaid her three children bought acommemorative brick as aChristmas present for their fa-ther, Kevin, a garbage hauler.
“My husband is crazy about
the Colts,” she said. “He wearsblue on Friday, and if you werehere (during televised awaygames) you can hear him all overthe house yelling and scream-ing.”
The pavers offer a low-priced
legacy for individual fans.“It makes people feel pride
that they were part of building astadium,” she said.
The Colts’ Souers said themessages range from straightfor-ward to sentimental, from namesto odes to fathers and significantothers. Some have been
“You see people walking and looking down. They will point downand say: ‘That’s me, and that’s my sister.’ ”Allen Patterson, an employee at the Hilton Garden Inn,
commenting on the personalized bricks around Monument Circle
TOM SPALDING / The Star
BACKERS’ BRICKS: These engraved bricks outside St. Elmo Steak House were first laid in 2002, when therestaurant refurbished its Illinois Street sidewalk with personalized bricks during its centennial celebration.
Colts hoping bricks help pave proud legacy
For a price, fans canshow eternal support
in ‘Walk of Fame’along Lucas Oil Stadium
200 yards
Capitol A
ve.
Missouri S
t.
South St.
McCarty St.
Location of bricks
LucasOil
Stadium
BRICK SENTIMENTSHowmuch brick you’llget for the buck on theplaza northeast of LucasOil Stadium: DOLLAR
BILL SHOWNFOR SCALE.
BRICK 1Size: 4 by 8 inches
Design: Three-linemessage
Cost: $150
BRICK 2Size: 4 by 8 inches
Design: Two-line messagewith Colts logo
Cost: $175
BRICK 3Size: 8 by 8 inches
Design: Four-line messagewith Colts logo
Cost: $325
STEPHEN J. BEARD / The Star
Source: Indianapolis Colts
See Bricks, Page C3
D The lowdown: Bricks have along, enduring tradition in Indy. C2
By John O’DellLos Angeles Times
Toyota Motor Corp., whichboasted one of the best recallrecords among major auto-makers in the U.S. last year af-ter a troubled 2005, is startingthe new year with a potentialblack eye.
The company’s U.S. salesarm said Thursday that it islaunching a safety recall of553,000 full-size Tundra pick-ups and Sequoia sport utilityvehicles to replace a key partof the front steering system.
Toyota spokesman BillKwong said the part, a balljoint that enables the frontwheels to turn, was made byan outside supplier. Replacingboth of the lower front balljoints could cost the unnamedsupplier and its insurer morethan $250 million, he said.
The problem has beenblamed for 11 accidents andsix injuries since late 2003.The recall will be handled incooperation with the NationalHighway Traffic Safety Ad-ministration.
The recall pales next to themillions of Wilderness tiresrecalled by Ford and Firestonein 2000-01 after tire failuresled to 271 deaths in rollovers.
Automakers can soften thehit to their images by issuingprompt recalls, analysts say.
“Toyota wrote the hand-book on the right way to keepcustomers satisfied,” said in-dustry consultant David Hill-burn, former strategic plannerfor the Ford Motor Co. ac-count at advertising giantYoung & Rubicam.
Toyota said vehicle ownerswill not be charged for thework, which will be done byappointment at local dealer-ships. The automaker’s toll-free number is (800) 331-4331.
Owners of the affected ve-hicles, which were built fromSeptember 2003 to last No-vember at Toyota’s plant inPrinceton, Ind., will be noti-fied by mail beginning in mid-February.
Toyotaslowedby newrecall
Steering problemin 553,000 Tundras,Sequoias gets 2007off to a bumpy start
By John [email protected]
A fast-growing Bloomingtonself-publishing company hasbeen sold to a California invest-ment company, with plans tocontinue growing.
AuthorHouse, founded 10years ago by a frustrated Indi-ana author, was sold to BertramCapital of Palo Alto, Calif.,which plans to invest moremoney in the operation, saidBryan Smith, AuthorHouse’schief executive.
The change in ownershipwill not affect management,employees or day-to-day opera-tions, Smith said Friday. He de-clined to reveal terms of thedeal or the company’s revenue,except to say that sales have tri-pled in the past five years.
Since 2002, I has beenowned by private investors ledby Gazelle TechVentures, anIndiana-based venture fund.
The company — whichcharges authors a fee to edit
and market their books — hasabout 180 employees in Bloom-ington, 10 in Indianapolis and10 in the United Kingdom,Smith said.
AuthorHouse typicallycharges authors $1,000 to$5,000 in exchange for editing,proofreading, marketing anddistributing their work, and lin-ing up an outside printer. Smithcalled the operation a “self-publishing” company or an“author services” company, butsaid it is not a vanity press be-cause it does not own presses orprint books.
AuthorHouse said it hashelped 30,000 authors publishnearly 40,000 titles, including“Legally Blonde,” which wasturned into a movie starringReese Witherspoon, and “LongMarch to Freedom,” whichserved as the inspiration for themovie “Proof of Life,” starringMeg Ryan and Russell Crowe.✭ Call Star reporter John Russellat (317) 444-6283.
California company buysself-publishing operation
By Ted [email protected]
In the late 1990s, discountairlines like ATA of Indianapo-lis were all the rage for air trav-elers. But these days, the bigairlines that were hammered bythe discount carriers are look-ing for their own savings.
Increasingly, they are out-sourcing short and mediumroutes to low-cost regionallines like Republic AirwaysHoldings.
Indianapolis-based Republic,which employs 1,500 in the city,said Friday it will hire about670 more pilots to handle thenew business coming in largepart from major carriers Conti-nental, Frontier and USAirways.
The expansion will take Re-public from 3,500 employeesnationwide to more than 4,500.
Many bigger carriers are out-
sourcing routes because theycan’t easily fill 120-seat air-liners that fly to smaller citiessuch as Indianapolis from thecarrier’s big hub operations. Sothe big lines have gotten rid ofhundreds of airliners that hadbeen used on medium andshort routes, and they have re-lied on regional companieswhose smaller jets cost less tooperate.
“We’ve announced a lot ofgrowth,” said Republic spokes-man Warren Wilkinson. “We’retrying to make sure the pipelineis full of resumes and applica-tions.”
Hiring will take place thisyear and next as Republic takescontrol of 67 more regional jetairliners, bringing its fleet sizeto 240 aircraft from the current173. While many of its regional
Republicto ramp up
routes, hiringINDIANAPOLIS AIRLINE GETS A LIFT
FROM OUTSOURCING BY BIGGER RIVALS
SAM RICHE / The Star 2004 file photo
LOCAL IMPACT UNKNOWN: Republic Airways employs 1,500 inIndianapolis, but it’s unclear how many new hires will work here.
See Republic, Page C2
The IndianapolisStar's twice-dailybusiness
newsletter is e-mailed freeto anyone who subscribes.
Fresh Start appearsearly in the morning, andMid-Day Update arrives atnoon.
Both include breakingstories at the local, stateand national levels, as wellas calendar items, SmallBusiness Administrationloans and other businessnews.
To subscribe to the freenewsletter, go towww.indystar.com/newsletters and follow theprompts.
STAY INFORMED WITHE-MAIL NEWSLETTER