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Emmis restructuring plan to be heard by federal judge

Whether the company can strip preferred shareholders of their right to collect millions of dollars in dividends will be decided in court. Shareholders have filed suit in an attempt to stop the proposal from being voted on.

Reports of owner discord circulate around IndyCar CEO Bernard

A Speed.com report claims IndyCar founder Tony George and a handful of team owners are behind a charge to have Randy Bernard fired. Also listed were team owners John Barnes, Kevin Kalkhoven, Michael Andretti and his father, Mario.

Former Kentucky amusement park in bad shape

The new partners who are working toward reopening the former Kentucky Kingdom amusement park say the facility is in bad condition and may not reopen until 2014.

Local sales tax could aid economic development

Most local economic development organizations rely on private contributions and some government money to support their efforts. But an unstable economy has led to some belt-tightening and soul searching on alternative ways to fund the associations.

Thieves hit dozens of storage units

Thieves broke into at least 65 units at Community Storage in the 2900 block of South Lynhurst Drive on the southeast side of Indianapolis between Friday and Monday morning, taking thousands of dollars of items. Police said a Community Storage employee showed up for work Tuesday and noticed that padlocks had been cut off the doors of units. Dozens of people had property stolen, including tools, electronic equipment, appliances and clothing. Police are studying security camera footage and the entry codes used over the weekend to find possible leads.
 

Boy, 13, arrested after fatal crash

Indianapolis police say a speeding sport-utility vehicle that flipped several times on a far east-side street Tuesday evening was driven by a 13-year-old boy. An adult cousin riding with him was killed. The SUV went out of control after going too fast into a curve. Juan Carrillo, 26, of Indianapolis, was ejected and died at a hospital. Police arrested the boy on several preliminary charges, including criminal recklessness.
 

Smoking-ban lawsuits face long odds, legal expert says

A constitutional law professor at the Indiana University Robert H. McKinney School of Law in Indianapolis said he doubts 10 bar owners have a chance fighting the city’s smoking ban in court. The ban goes into effect Friday.

What’s New: Ready the Nest

NICU nurse Becky Drummy’s maternity concierge service helps new parents handle the arrival of their little life changers.