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Coffee sales give Christel House a boost

Indianapolis-based Christel House is brokering sales of in-room coffee to resorts around the country, taking a 10-percent
royalty to do so. The coffee is roasted by Indianapolis-based Copper Moon Coffee Co. and packaged in red and green bags decorated
with drawings by students at Christel House’s schools.

Knauf Insulation sues NatCity over $8M investment loss

One of Shelby County’s largest employers is suing NatCity Investments Inc. to try to recover nearly $8 million in losses on
auction-rate securities. Knauf Insulation filed suit in Shelby Superior Court in March, saying NatCity should repay the money
in accordance with a settlement the bank reached with federal regulators in March 2009.

Stocks plunge on concerns about Greece’s debt

Stocks plunged Thursday as investors succumbed to fears that Greece's debt problems would halt the global economic recovery.
The Dow Jones industrials slid almost 1,000 points before recovering to close down 347.

IPS chief suspends 40-plus students

Indianapolis Public Schools Superintendent Eugene White visited Arlington High School on Wednesday and suspended between
40 and 50 students for not following rules. Their offenses included insubordination, tardiness, not having identification
cards and dress-code violations. White summoned four buses to take the students home from the east-side school. They were
told to return with their parents on Thursday night to meet with administrators.
 

Hayward likely NBA-bound

With the deadline to pull out of the NBA draft just a couple of days away, it seems Butler University's Gordon Hayward
has made up his mind. Multiple sources confirm Hayward will skip his final two years of eligibility with the Bulldogs and
go pro. Numerous mock drafts have the Brownsburg native being taken somewhere in the middle of the first round. Hayward has
scheduled a news conference for Friday to officially announce his decision.

 

Investigators probe new fire at apartments

Investigators are gathering clues after another fire at the Nottingham Village Apartments on the east side of Indianapolis.
Flames shot out of a vacant building in the complex just after 4 a.m. Thursday. The complex has experienced several fires
recently, including one that heavily damaged a building last week. Investigators have not ruled out arson. None of the fires
have resulted in injuries. Fox59 will have more at 4 p.m.
 

April retail reports add up to respectable spring

Consumers took a breather in April after a strong March boosted by an early Easter. Overall, though, most retailers are likely
to be pleased with the spring selling season, analysts say.

Some law firms are mouthfuls

Indianapolis still has some doozies in an era when the savviest firms are trimming to the optimal two names.

IU honoring Quincy Jones

David Baker, from the IU Dept. of Jazz Studies, talks with the composer/arranger/producer.