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School district eyes events, students for revenue

Franklin Community Schools officials say they don't want to be in the same situation they were last year, when the state forced the district to eliminate $3 million from its budget.

Wabash National adding 200 jobs at Indiana plant

Trailer manufacturer Wabash National Corp. is adding 200 new jobs at its north-central Indiana plant to support a new contract to build bulk storage fluid tankers for another Indiana company.

City to close Fountain Square charter school

The decision to close Fountain Square Academy, announced Friday morning at a press conference, marks the first time Mayor Greg Ballard has chosen to shut down a charter school.

Fire damages Scandia Apartments

A fire that broke out Thursday night at the Scandia Apartments complex near 96th Street and Allisonville Road on the northeast side of Indianapolis caused about $215,000 in damage. No one was injured but 12 people were forced out of their homes because of smoke damage. The Red Cross is helping the residents find a place to stay. The cause of the fire is under investigation.
 

Local homeowner shoots intruder

An Indianapolis homeowner took matters into his own hands when he caught three men inside his home near Interstate 70 and Hillside Avenue early Friday morning. The homeowner said he shot one of the men, and the two others took off running. Police found the man shot by the homeowner hiding in a house at least two miles away on Lawrence Street. They also found a stolen car parked behind the home. He was taken to Wishard Hospital in serious condition.
 

Borders closing another local bookstore

The Ann Arbor, Mich.-based bookstore chain, which filed for Chapter 11 bankruptcy reorganization last month, announced yesterday it would close the Border’s store in the Shops at River Crossing near the Fashion Mall.

Westfield businessman jailed for tax evasion

U.S. Attorney Joseph Hogsett said Joseph Hinshaw, 57, under-reported his income from 2003 to 2007 to avoid taxes and to obtain federal and state student loans.

Shoe Carnival reports record annual profit

The Evansville-based shoe and apparel retailer said it earned $26.8 million in its last fiscal year. The company also reported record same-store sales.

Federal judge delays Durham hearing

A federal magistrate in California has delayed until Monday a detention hearing for Tim Durham, a former Indiana businessman accused of running an elaborate Ponzi scheme that defrauded investors of more than $200 million.

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Convictions likely in federal Fair Finance case

Defense attorneys representing indicted businessman Tim Durham and two other executives tied to bankrupt Fair Finance Co. could have a hard time convincing a jury to find them innocent. Federal prosecutors won 94.1 percent of their cases in 2009.

Design flaws, defects stack up at 2-year-old airport terminal

Since opening in late 2008, the midfield terminal and related structures at Indianapolis International Airport have required more than $2.5 million in fixes—not counting last month’s collapse of a canopy above the parking garage.

Foundation defends risky, stock-heavy strategy

The Health Foundation of Greater Indianapolis is an aggressive supporter of charities that serve people with HIV and AIDS, but that aggression—in the form of a risky investment strategy and big payouts—almost led to its demise.