Articles

Indiana man sentenced for running fake credit union

Timothy Coughlin, 63, of Indianapolis was ordered to pay $10 million in restitution at sentencing Friday in federal court. Prosecutors say 5,000 investors from 50 countries and all 50 states made deposits to his fake credit union.

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FedEx predicts increase in holiday deliveries

FedEx, which operates several facilities in Indianapolis employing thousands of workers, said the peak day is likely to be Dec. 15, when it expects to handle 22.6 million shipments around the world.

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Two-week strike ends at Indiana factory

The strike at the Schneider Electric plant began Oct. 6 in a dispute between the French-based company and the International Association of Machinists and Aerospace Workers over raises and pensions.

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New rules adopted in hopes of spurring home loans

With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules, hoping to inject more life into the country's still-recovering housing market.

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