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Carlyle to manage $150M investment fund for Indiana

Washington, D.C.-based Carlyle Group LP, the world’s second-biggest private-equity firm, was awarded a contract to manage a new $150 million investment fund on behalf of the Indiana Public Retirement System.

State lawmakers return to looming budget decisions

Senators will consider changes to the House-approved budget plan that calls for $700 million more in school and road spending than proposed by Gov. Mike Pence and leaves out his proposed 10-percent cut to the state's income tax rate.

Indiana, Kentucky brace for new casino in Cincinnati

With a glistening $400 million casino set to open in downtown Cincinnati on Monday, officials and casino executives in two neighboring states are looking at the development with trepidation as they prepare to watch tax dollars flow into Ohio.

Lawmakers see atmosphere shift inside Indiana Statehouse

The first half of this year’s General Assembly session has been much quieter, at least partly because of election victories in November that gave Republicans a larger House majority, preventing new Democratic walkouts from stopping legislative action.

IU journalism school fights for independence

Indiana University's century-old School of Journalism is fighting for its independence after the university's provost proposed merging the school with other communications departments.

Indy gets its first FM sports/talk station

Emmis Communications has begun simulcasting The Fan on its newly acquired FM frequency, but with a couple interesting twists. A wider coverage area in a growing format could mean big bucks for Emmis.

Sequester could sap $200M from Indiana health care providers

The sequestration plan kicking in Friday will chop Medicare payments to hospitals, doctors and nursing homes by 2 percent, beginning April 1. One study estimates that the cuts could result in 10,000-plus job losses in Indiana alone.

Jury convicts attacker in Greenwood rape

A Johnson County jury on Thursday found 34-year-old Shawn Corbally guilty on eight counts of rape, burglary, criminal confinement and criminal deviant conduct. He faces a maximum sentence of 340 years for a brutal attack against a Greenwood woman in her apartment in July 2012. The woman, whom Fox59 has chosen not to identify, said that confronting Corbally in court was difficult but necessary. “I’m just so glad this cretin is off the streets and can’t hurt anyone else,” the woman said. Corbally’s sentencing is scheduled for March 18.

Man struck by fiancee’s car dies

Indianapolis Metropolitan Police officials plan to meet with prosecutors Friday to determine what charges will be filed against a woman who struck her fiancé with her vehicle. Police were already on the scene at That Place Bar near South Emerson Avenue and West County Road around 2 a.m. Friday for reports of a disturbance. In an accident apparently not related to the initial call, a 40-year-old woman allegedly struck her 40-year-old fiancé with her vehicle in the bar’s parking lot. The man suffered a serious head wound and died after being transported to Wishard Hospital. The woman was detained for blood testing because investigators suspected that alcohol was involved.