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Receiver: Schrenker can’t pay restitution

Former money manager who tried to fake his death in a plane crash may not have enough money to pay restitution required as
part of a plea deal on securities fraud charges.   

Cash options floated for workers at GM stamping plant

Fliers circulating at General Motors' Indianapolis plant show that union members will be offered cash payments of $25,000
to $35,000 and an opportunity to keep a foot in the door with GM, if they agree to work for JD Norman Industries.

Vigil planned for motorcyclist

Dozens of people are expected to gather on Monument Circle at 7 p.m. Friday evening to memorialize the motorcyclist killed
in a collision last week with a police officer. Eric Wells, 30, was killed and two others were badly hurt when Indianapolis
police officer David Bisard crashed into them with his cruiser. A test showed Bisard had a blood-alcohol level more than twice
the legal limit. He faces a long list of charges including reckless homicide.

Two injured in downtown collision

A charter bus carrying 46 members of a school band crashed into a van downtown just after 8 a.m. Friday, sending the van’s
driver and a passenger to the hospital. None of the students were hurt in the crash on Pennsylvania Street, just south of
Market Street. The charter bus was transporting students from the University of Wisconsin to the Drum Corps International
competition taking place this weekend at Lucas Oil Stadium.

Police seek strip-club robbers

Authorities are searching for two men who stormed into and robbed an east-side strip club early Friday morning. Indianapolis
police say there were still people in Club Paradise, at 5255 English Ave., when the two men walked in with guns just after
3 a.m. They got away with an undisclosed amount of cash.  Fox59 will have more at 4 p.m.

Will third time be a charm for Emmis?

Emmis shareholders are set to vote again Friday night on taking the company private, but the proposal could be in jeopardy
if a deal is not reached
soon, says one investment expert.

After another loss, JA plans for recovery

The not-for-profit hangs its hopes on efforts including more aggressive fundraising after reporting a $389,000 deficit for
its 2010 fiscal year. “It’s been a rough spell,” said CEO Jennifer Burk.

Loogootee losing 95 jobs to bedding plant closure

Perfect Fit Industries, a supplier of bedding accessories such as mattress pads, pillows and comforters, will shut down its
facility in southwest Indiana by the end of the year.