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Indiana businessman agrees to $3M fraud settlement

Indiana businessman Lowell Hancher has agreed to pay $3 million and never run a public company again to settle allegations by regulators that he carried out three separate fraud schemes over 5 years.

Missing FFA student found

An Afghani exchange student who disappeared during the national FFA Convention in Indianapolis this fall has been located in Canada. There was a massive search for Mohammed Karim Azizi in October, when he broke away from his Ohio group and vanished. He’d been in the country for just two months. Police believe he went to Canada to seek asylum.

Woman arrested for Facebook threats

Former congressional candidate Cheryl Allen faces eight counts of felony intimidation charges for allegedly making serious threats against public officials on her Facebook page earlier this week. On Monday, her page showed a series of posts promising revenge against the courts—including four Morgan County judges, the county prosecutor and a Morgan County Council member. Officials said the threats may stem from Allen’s reaction to the recent dismissal of a discrimination case she filed.

Serial robbery suspects caught

Investigators have arrested two Marion men they believe may be responsible for as many as 20 armed robberies around central Indiana. Several law enforcement agencies worked together to arrest 43-year-old Shawn Lee Keesling and 19-year-old James Voyles on Wednesday following the latest holdup at the Gold Fever store in Kokomo. They face robbery and resisting arrest charges. Police say they saw the suspects’ vehicle shortly after the robbery and took them into custody after a brief chase. All of the property taken from Gold Fever was recovered, and authorities hope to find additional stolen items as the investigation continues.

Rising industrial production gives economy momentum

Factories started producing more as U.S. companies placed more orders to replenish stockpiles that they slashed during the downturn. Then in the final months of 2010, consumers and businesses showed a bigger appetite to spend, encouraged in part by the improving economy.

Bill seeks to boost investment credit, startups

The legislation, assigned to a committee on Wednesday, would increase the maximum for venture capital tax credits from $500,000 to $1 million, helping high-potential startups attract outside funding.

Peace gardens slated for downtown

The Indianapolis Cultural Trail being built through the heart of downtown will include sculptural gardens dedicated to Martin Luther King Jr. and Abraham Lincoln, an extension of the $2 million Glick Peace Walk.

Indiana AFL-CIO to fight unemployment benefit cuts

The head of the Indiana AFL-CIO says protecting the unemployment benefits paid to jobless workers will be among the union organization's top priorities during the state Legislature's session.

New state prisons chief, utility board member named

Gov. Mitch Daniels has appointed a new leader for Indiana's prisons system and selected a new member for the state utility commission to replace a member ousted because of an ethics controversy with Duke Energy.

Tight supply of used vehicles drives up values

Used-car prices are on the rise. Last month, the average used-car transaction was for $19,345 vs. $16,586 a year earlier, according to Edmunds.com. Last year, used-vehicle prices generally were 10 percent to 15 percent higher than in 2009.

Universal curbside recycling program looks iffy

Finding a way to cover the cost of expanding the program with revenue from sales of recycled goods such as aluminum, plastic and glass has proved tough, even as commodities prices rise with the improving economy.