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Man holds up Castleton bank branch

A man wearing sunglasses, a baseball cap and a single glove walked into a Castleton bank Thursday and demanded cash. The
suspect startled tellers at the Key Bank branch near East 82nd Street and Allisonville Road about noon, according to the FBI.
Investigators say he indicated he had a gun and demanded money. Agents believe the suspect is responsible for several other
bank heists in central Indiana.
 

Fire stopped before becoming big blaze

Fire investigators say they’re lucky a fire station was located across the street from a building that caught fire
early Friday morning. With a longer response time, the fire at East 30th Street and Sherman Drive could have quickly gotten
out of hand because of old tires stored in the building. When emergency crews arrived at around 4 a.m., they found fire in
two parts of the building. Investigators ruled the fire was intentionally set.
 

Water main break cuts water, affects traffic

City crews are fixing a large break in a water main on the west side of Indianapolis. The 12-inch cast iron pipe burst about
2 a.m. Friday morning near West 34th Street and Lafayette Road. Crews have the water turned off while they repair the pipe,
affecting 25 customers, including an apartment complex with hundreds of residents. One lane of 34th Street has been shut down.
Fox59 will have more at 4 p.m.
 

Integra Bank unloads five Kentucky branches

Transaction is part of Evansville-based Integra’s plan to narrow its geographic footprint, CEO Michael J. Alley said. The
bank has 59 branches in Indiana, Kentucky, Illinois and Ohio.

Proposal: Link federal aid to performance of ITT, peers

The Obama administration released a proposal that would tighten for-profit colleges’ access to federal student aid,
threatening an industry that received $26.5 billion in U.S. funds last year. Carmel-based ITT Educational Services
is among those potentially affected.

Obama signs unemployment bill; checks are coming

President Barack Obama on Thursday signed into law a restoration of benefits for people who have been out of work for six
months or more. The move ended an interruption that cut off payments averaging about $300 a week to 2½ million people
who have been unable to find work in the aftermath of the nation's long and deep recession.

Indianapolis City Ballet organizers proceeding slowly

Local arts patrons Jane Fortune and her longtime partner Robert Hesse started City Ballet in the spring of 2009, but it was
more of a pitch than a reality. More than a year later, organization leaders are still not sure when they will hire their
own dancers.

High-end home market hits foreclosure lull

Until this year, Indiana’s foreclosure epidemic knew no demographic boundaries. But suddenly that’s changed. Since March,
not a single foreclosure on a house priced at $1 million or more has been filed in the Indianapolis area—a possible
sign of better times for uber-expensive homes.

Big budget cuts will make for bitter state politics

As Indiana’s reserves dwindle toward zero and federal stimulus money disappears, trying to keep political debate friendly
and the budget in the black will be quite a challenge. Half a year before they must craft the next state budget, Democrats
and Republicans already are squabbling.

Lawsuit targets Simon’s leasing tactics

One of Indiana’s largest privately held developers is suing Simon Property Group Inc., alleging the nation’s largest
mall owner abused its “market power” to bully two national retailers into backing out of leases at a lifestyle
mall near Mishawaka.

Federal agents’ raid hits University Loft at tough time

Military contracts have helped shore up sagging sales at University Loft Co., the furniture maker federal agents raided two
weeks ago. Still, University
Loft’s work force is almost 50 percent off its recent peak.

Local investors make big bet on senior housing

With the first baby boomers set to turn 65 in six months, investments in senior housing are heating up. A group of Indianapolis-area
professionals—including Mark Waterfill (left) and Tony Schantz—have banded together to launch three senior housing
projects around the state, spending $49 million and looking
to do more.

Mind Trust education fund launches national network

The organization uses its money to lure national reform programs like Teach for America to the city and to fund education entrepreneurship fellows to launch innovative programs for schoolchildren in Indianapolis.