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Indiana college endowments struggled in FY 2012

Endowments at most Indiana universities took a hit in the 2011-2012 fiscal year, causing them to stumble as they worked their ways back to pre-recession levels. Eighteen of 24 Indiana institutions surveyed reported declines in their endowments, which pay for student scholarships, capital projects and operational costs, among other expenses. And four of the six […]

Four face mailbox-bombing charges

Four high school students face charges of setting off a string of homemade mailbox bombs in Westfield neighborhoods. An off-duty police officer witnessed the boys buying products used in making the explosives at a local store and alerted authorities. The bombs were made with two-liter bottles and household cleaners. Facing Class A misdemeanor charges are 18-year-olds John R. Rogers, Maxwell R. Jackson, Grant J. Plummer and Zachary A. Loftalian.
 

Three arrested over handgun

A Noblesville man and two juveniles have been arrested for various crimes involving the same handgun. Christopher Lee South, 26, was charged with unlawful sale of a handgun and other three other violations after he sold the firearm to a 17-year-old Fishers High School student, who later sold it to a 16-year-old student. The students each were charged with a felony count of possession of a handgun with altered identifying marks.
 

Man injured in I-70 pileup dies

A man critically injured in a massive pileup Thursday afternoon on Interstate 70 west of Indianapolis died late Thursday night at IU Methodist Hospital. Harkirat Sohal, 25, of Ontario, was in the sleeper of a tractor-trailer driven by his father, 51-year-old Satpal Sohal. At least nine others were hurt in the pileup near Plainfield that involved 40 vehicles and closed the interstate for several hours.

 

Indy’s competition for 2018 Super Bowl getting ridiculous

As many as eight cities are lining up for a shot at hosting the 2018 Super Bowl. Indianapolis officials should expect some team owners to line up against them and some of their opponents to fight dirty to win this lucrative prize.

Renamed Carmel financing firm planning big growth

Dealer Services Corp. in Carmel has begun operating as NextGear Capital after being acquired by Atlanta-based Manheim Inc. NextGear plans to relocate in the next month and double its employment, to 450, in the next year.

Remy International CEO Weber stepping down

Remy International Inc. President and CEO John Weber will resign at the end of February after leading the company for seven years, the Pendleton-based automotive supplier announced Friday.

Defense attorneys turn tough in Bales trial

The legal team representing real estate broker John M. Bales and partner William E. Spencer haven't called their first witness and already they're putting up a spirited fight as federal prosecutors seek to prove 13 charges including bank, mail and wire fraud.

Families sue to recover lost investments

A central Indiana county commissioner, his wife and members of three other families who lost more than $700,000 they invested in businesses state officials say were shell companies are suing two men accused of orchestrating the scheme.

Indy mayor asks Indiana for control of 4 schools

The mayor of Indianapolis is asking the Indiana State Board of Education to give him control of four former city schools taken over by the state because of poor performance.

Barnes & Thornburg’s longtime chief gives suitors cold shoulder

Alan Levin has been managing partner of Barnes & Thornburg LLP for 16 years, far longer than the heads of most major Indianapolis law firms. But what most sets him apart is that he’s built his firm into a national practice by taking the maverick approach of going it alone instead of merging with an out-of-state rival.