Home Loan Bank sues over losses on $3B mortgage portfolio
The Federal Home Loan Bank of Indianapolis is suing some of the nation’s largest financial institutions to recover losses on a $3 billion portfolio of mortgage-backed securities.
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Women crashes into hotel, flees
Police say they arrested a woman after she admitted to crashing a sport-utility vehicle through the side wall of a hotel on Indianapolis’ west side at about 3:45 a.m. Thursday and then leaving the scene. Police searched the area and found the SUV and the woman at a nearby apartment. She was arrested for hit-and-run. No one was hurt.
Bankruptcy trustee sues Durham art bidders
A Florida art dealer who successfully bid more than $260,000 on artwork that once belonged to Fair Finance Co. co-owner Timothy Durham says he canceled the sale. Now he and another big bidder from Philadelphia are being sued by Fair Finance bankruptcy trustee Brian Bash for nonpayment.
Towing firm part of Carmel drug bust
Three men have been arrested after a 10-month police investigation into a marijuana-trafficking ring that allegedly operated from a Carmel business. Daniel Vasquez, 45, co-owner of All American Towing & Recovery, has been charged with tax evasion and money laundering. Stephen “Aaron” Strong, 37, was charged with dealing and possession of marijuana, tax evasion and money laundering. Jesse Randle, 25, was charged with dealing and possession of marijuana. Investigators say several pounds of marijuana were seized during the investigation.
Man punches screener at airport
A Connecticut man was arrested Tuesday at Indianapolis International Airport after punching a Transportation Security Administration screener. John Christina, 51, of Simsbury, Conn., was charged with misdemeanor battery after allegedly exchanging words with and then punching the screener at a security check point. Christina said the punch was light and intended to be a joke, not a challenge to the agent's authority or security procedures. He was released from jail on $150 bond and scheduled to appear in Marion Superior Court 10 on Dec. 13.
Salvation Army hopes technology boosts fundraising
After falling short of its fundraising goal last year, Salvation Army of Indiana is unveiling a text-to-give promotion and a social media campaign in hopes of ringing up gifts from new donors.
Chevy, Lotus engines could infuse $30 million annually into marketing IndyCar
While IndyCar Series' CEO is headed to L.A. for the Lotus announcement, the head of series' commercial division is flying down to Brazil to ink two new corporate partners. Big sponsor announcement could come next week.
AAR looking to fill 200 aircraft jobs in Indianapolis
New business from Delta Air Lines is increasing demand for workers at the aircraft repair center at Indianapolis International Airport.
Ethanol’s future clouded by potential loss of tax breaks
The fortunes of Indiana’s 12 ethanol plants, and the farmers and truckers who supply the corn to make the motor fuel additive, hinge on two decisions facing Congress and federal regulators in the weeks ahead.
PRINCE: Why iPad could save investment firms money
The device is projected to save Prince Group office at Stifel Nicolaus & Co. more than $3,000 in paper alone.
Carp czar has huge task of fighting invasive fish
John Goss, a Hoosier who helped create the Great Lakes Compact to conserve water, is coordinating federal, state attack.
School acquires remainder of former Herron Art Institute
Herron High School has acquired the parts of the former Herron Art Institute it did not already control, including the historic Fessler Building and a parking lot, from Minkis Builders for about $500,000.
Medical device maker expanding in Fort Wayne
L.H. Medical Corp. said it plans to create up to 65 jobs by 2013 and invest $5.4 million to more than triple the size of its manufacturing operations.
Inventor files suit against local printing business
Lawsuit alleges Harding Poorman Group shorted former Discom Technologies owner a percentage of sales after it acquired his company.
Sale of Tipton plant to solar company delayed
Abound Solar's deal to take over the unfinished Getrag factory in central Indiana has been delayed, although the company doesn't expect changes in its plans.
Lugar opposes GOP Senate moratorium on earmarks
Republican U.S. Sen. Richard Lugar says he opposes a GOP moratorium on earmarks in the Senate because it gives the false impression that Congress is attempting to meet the public demand to reduce spending.
GM shares jump in return to Wall Street
General Motors' return to Wall Street was well received Thursday, as the company’s stock closed up 3.6 percent in its initial public offering.
Anthem, critics face off over rate-hike request
Anthem, a subsidiary of Indianapolis-based WellPoint Inc., is seeking a 19.9-percent raise for 48,000 individual policy holders in Connecticut, citing escalating health care costs.
INSIDE DISH: Santorini to return in short order
Owner Taki Sawi received a crash course in getting a restaurant back on its feet after a catastrophic fire on Oct. 11. The Greek eatery is slated to reopen in mid-December.
Landmark Theatres purchases Showplace Glendale 12
The theater at Glendale Mall will be called Landmark’s Glendale 12. Landmark Theatres is co-owned by Mark Cuban, an Indiana University graduate and owner of the Dallas Mavericks.