Aprimo IPO raises questions

DJIA 13,044.5 -68.9 / S&P 500 1,441 -12.5 / NASDAQ 2,640.5 -25.2 Today: Chance of showers. Low 60. Tomorrow: Breezy, cooler. High 75.
	Monday, September 10, 2007
	Aprimo IPO raises questions Industry analysts this morning pored over marketing-software firm Aprimo Inc.'s plan to raise as much as $50 million in an initial public offering. One IPO expert said Aprimo's first filing with the Securities and Exchange Commission raises more questions than it answers. Potential investors will want a great deal more detail about Aprimo's financial strength and future prospects, said David Menlow, president of IPOfinancial.com.   Investor boosts Steak n Shake holding A group led by an aggressive, 29-year-old investor from Texas has boosted its stake in the struggling Steak n Shake Co. from 5.8 percent to 6.7 percent, according to a regulatory filing. Sardar Biglari, who runs San Antonio-based Lion Fund, began acquiring Steak n Shake shares this spring. Biglari and affiliates-including Western Sizzlin Corp., the Virginia-based steakhouse chain where he serves as chairman and CEO-scarfed up tens of thousands of Steak n Shake shares in the past few weeks.
	Finish Line hires financial adviser Indianapolis-based Finish Line Inc. has hired Moelis Advisers as a non-exclusive financial and capital markets adviser, the shoe and clothing retailer announced this morning. Moelis is a unit of Los Angeles-based Mercanti Group. In its statement, Finish Line didn't discuss why it hired Moelis, and a spokeswoman declined to elaborate. Finish Line in June agreed to buy Tennessee-based Genesco Inc. for $1.5 billion, but recently said it might not go through with the deal under the original terms.   Muncie area ambivalent about Clarian The expected announcement that Indianapolis-based Clarian Health Partners will build a hospital near Muncie is raising anticipation about improved health care services as well as fears that the competition could hurt local hospitals, according to The Star-Press. Last week, the president of the town council of nearby Yorktown said Clarian plans to develop a 100-acre site west of Muncie. Clarian hasn't confirmed the official's statements.   Moody's downgrades Conseco to 'negative' Moody's Investors Service has slapped Conseco Inc. with a downgrade of its senior debt to "negative" from "stable." The change was sparked by "sub-par earnings" in the past year. Moody's also is concerned about a string of one-time charges the company has sustained. The Carmel insurer lost $65 million in the second quarter, largely because of its unprofitable long-term care business. Chrysler hiring spree may not be over In its first five weeks of owning Chrysler, Cerberus Capital Management LP has gone on a hiring binge, signing up a chief executive, poaching Toyota's respected North American chief, enticing a top marketing executive from Lexus and snagging a former General Motors Corp. official with a background in globalization. And according to management experts and executive recruiters, the spree probably isn't over as the New York private equity firm lures talent with the promise of riches once the ailing Chrysler is fixed and sold.   Greenwood to slam brakes on more truck stops A proposed ban on new truck stops at Greenwood's two Interstate 65 interchanges has unanimous support from the city council. The council hasn't yet voted on the measure, which also could ban additional gas stations and convenience stores, according to the Daily Journal of Franklin. Mayor Charles Henderson proposed the ban because a developer approached him about starting a truck stop at the Main Street exit, where one truck stop already operates. From IBJ staff and Associated Press-Compiled by Norm Heikens
	Father accused of shooting son Metro police believe an argument led a man to murder his son in the 300 block of Harvard Place on the northwest side early this morning. Officers believe Charles Long Sr., 69, shot his son in the face. Charles Long, Jr. was found dead at the scene. Officers are searching for the father. Fox 59 News will have more at 10 p.m. IPS mulls school closings IPS officials will consider closing three schools at the end of the school year because of declining enrollment and a budget shortfall. The issue will be discussed in a public meeting at 7 p.m. Wednesday at Booth Tarkington School 92, 6550 E. 42nd St. Future meetings will be held on Sept. 20 at Forest Manor Middle School and on Oct. 1 at Susan Roll Leach School 68.
	New Palestine High School reopens Students at New Palestine High School returned to class this morning for the first time in nearly a week. Classes had been canceled since a fire the night of Sept. 3. Crews spent the week cleaning and testing air to make sure the school was safe. Dunkin' Donuts opens in Carmel The first of 80 Dunkin' Donuts stores planned for the Indianapolis area opened this morning north of 116th Street on Rangeline Road in Carmel. A ribbon cutting was held at 11 a.m. Young developer, towering dream Twenty-four-year-old Jaron Garrett is proposing a $30 million apartment-and-retail tower for a blighted downtown corner.   ATA still flying in red More than 18 months after flying out of a bankruptcy reorganization that unloaded $1 billion of debt and costly aircraft leases, the parent of ATA Airlines still finds landing a profit elusive.   Next big (art) thing: Chakaia Booker? The Arts Council of Indianapolis is talking with New York City artist Chakaia Booker about displaying her sculptures in next year's public art blowout. The works are created entirely from used tires.   Weigh in on the design for a proposed downtown apartment tower. A young Chicago developer with Indianapolis roots has vision and a design for an apartment tower at Washington and Pennsylvania streets. What do you think of the design? What can be done to encourage unique architecture in Indianapolis?  | Largest Indianapolis-Area Performing-Arts Organizations Largest Indianapolis-Area Not-for-Profits       Indianapolis Business Journal is in-depth coverage of local business news, brought to by IBJ's award winning editorial team.     n 52 weekly issues plus annual Book of Lists (valued at $35.00) n News, people, analysis and trends of the business community n More than 30 special interest publications n And much, much more     Click HERE for Bonus Subscription Offer
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