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FAA says regional airline didn’t inspect planes

April 27, 2010

Federal aviation officials want to fine Chautauqua Airlines $348,000 for allegedly flying regional jets thousands of times
without performing required safety inspections.

Central Indiana home sales up slightly in first quarter

April 27, 2010

Homes sold in the first three months of the year totaled 4,634, a 1-percent increase from the 4,593 in the
same period last year. However, total sales volume jumped 12 percent, to $637 million.

Robbery suspect died from police wound

April 27, 2010

Autopsy results show a bank robbery suspect died as a result of a gunshot wound from police. Police believe 29-year-old Paul
Sherfick held up an Old National Bank branch on South East Street in Indianapolis Friday morning. Sherfick’s body was
later discovered in a wooded area. It was unknown at the time whether he died of a self-inflicted gunshot or a shot from police.

Grand jury requested in Carmel case

April 27, 2010

A grand jury will decide whether charges will be filed in the high-profile Carmel High School sexual assault investigation
involving high school basketball players. The Hamilton County prosecutor requested a grand jury to review the evidence against
one or more Carmel players accused of hazing a student in the high school's locker room. Meanwhile, the Hendricks County
prosecutor is reviewing whether charges should be filed in the case of a freshman Carmel player who claims he was sexually
assaulted by senior members of the Carmel basketball team in the back of a bus while on the way home from a road game in January.

Opponents call for Coats disclosures

April 27, 2010

The Indiana Democratic Party and members of the Indiana Republican Party are still calling on Republican Senatorial candidate
Dan Coats to release his personal financial disclosure statement. The paperwork identifies income, assets, liabilities, gifts
and travel-related reimbursements. Candidates also must disclose any positions they hold with non-governmental organizations,
including lobbying groups. The forms were due April 4. A Coats campaign spokesperson said his forms will be released soon.
Opponents accuse the former U.S. Senator of trying to hide his connections to powerful lobbyists.

Bricks tossed from overpass hit vehicles

April 27, 2010

Police are searching for the person who has been throwing bricks off an overpass on the northeast side of Indianapolis. An
off-duty sheriff’s deputy was driving eastbound on Massachusetts Avenue under the Emerson Avenue overpass Monday night
when a brick crashed through his front windshield. He pulled over and called for backup.  While he was waiting, an SUV
driven by a mother with four child passengers was also hit by a brick. No one was hurt. Fox59 will have more at 4 p.m.

IU receives $4.8M for global business institute

April 27, 2010

The grant from a private equity firm will fund MBA and doctoral students working with Latin American companies.

Homeowners need to re-file for Homestead tax break

April 27, 2010

The goal of the new law is to reduce tax fraud from Hoosiers who file for the Homestead deduction on more than one residence.

Speedway businessman looks to score with local ABA team

April 27, 2010

Tim Hicks promises to ask the city for no money while trying to make an ABA professional basketball team flourish in Indianapolis.
The Ben Davis graduate will launch his new team, the Indiana Drive, next fall.

Cummins profit jumps on demand from emerging markets

April 27, 2010

The Columbus-based engine maker sees sales increase in developing countries such as China, India and Brazil.

Calumet wins $132M federal defense contract

April 27, 2010

The one-year agreement calls for the Indianapolis-based company to supply aviation fuel to the Defense Energy Support Center
in Virginia.

Celadon reports quarterly profit on higher revenue

April 27, 2010

The Indianapolis-based trucking company saw profit rise to $400,000 in its third quarter from a $2.1 million loss in the same
period
last year.

Purdue drug maker closing its doors after 5 years

April 27, 2010

The Purdue Research Foundation says the Chao Center for Industrial Pharmacy and Contract Manufacturing was unable to become
self-sustaining in part because of the recession.

Warfare museum to open in Indianapolis Saturday

April 27, 2010

The museum will display artifacts and uniforms from all branches of the military from 1910 through Operation Desert Storm
in Iraq. A model of the USS Indianapolis, which was sunk by Japanese torpedoes during World War II, also will be displayed.

UPDATE: GM fuel-efficiency push means jobs in Bedford

April 27, 2010

General Motors plans to invest $111 million and add 245 new jobs at a plant in Bedford as part of a larger effort to make
its fleet more fuel-efficient.

Prosecutor’s Office missed deadline on $273K in seized OmniSource cash

April 27, 2010

The Indianapolis Metropolitan Police Department likely will have to return more than $273,000 in cash seized as part of a
racketeering investigation after the Marion County Prosecutor's Office missed a civil forfeiture deadline.

Investing: The Road Ahead

Architect finds new path as real estate struggles

April 26, 2010

The 25-year-old Prince/Alexander architecture firm is on the path to being acquired by Dallas-based REES Associates, an employee-owned
firm with 120 architects.

General Growth hearing delayed to weigh bids

April 26, 2010

General Growth Properties Inc., the second-biggest U.S. mall owner, said a bankruptcy court hearing on its auction process
will be delayed five days to give the company time to consider competing bids, including one from Indianapolis-based Simon
Property Group.

Scaled back renovation project begins at Penn Arts

April 26, 2010

Renovation work finally has begun on the Penn Arts building at 16th and Pennsylvania streets.

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