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Skarbeck: Hedge fund track records fail to live up to the hype

California Public Employees’ Retirement System is dumping its entire hedge fund program. The reason, according to Ted Eliopoulos, the chief investment officer, is “their complexity, cost and lack of ability to scale to CalPERS size.“

Hicks: Rein in tax increment financing districts

Because TIF districts never go away, redevelopment commissions will have many opportunities over the coming centuries to think of multiple uses for their money. To no surprise, this raises many legitimate policy questions.

Pence seeks meeting with Obama on Medicaid plan

Pence asked Obama for the meeting in a letter Thursday, suggesting it could occur while Obama is in southwestern Indiana on Friday to tour a steel processing company to mark Manufacturing Day.

Butler hoops coach to take leave of absence

Brandon Miller, men's basketball head coach, will be taking a leave of absence for medical reasons just as the team begins practice for the 2014-15 season.

U.S. factory orders post record monthly drop

Orders declined 10.1 percent in August after a record increase of 10.5 percent in July, the Commerce Department reported Thursday. Both months were affected by swings in demand for commercial aircraft.

Internet provider unleashes 1-gigabit speeds in rural Indiana

Metronet, an Evansville-based communications service provider, announced Thursday that it has significantly boosted its maximum internet speeds to customers in rural central Indiana, a move that may strengthen its market position against bigger rivals.

WellPoint unit, hospital group hit impasse on contract

Contract talks broke down Wednesday between Anthem Blue Cross and Blue Shield and a network of five hospitals and other facilities, leaving tens of thousands of patients facing higher health insurance costs.

Supreme Court takes up housing bias case

The justices agreed Thursday to take up a case that challenges the theory that certain housing or lending practices can illegally harm minority groups, even when there is no proof of intent to discriminate.

Board ponders new Indiana school ‘A-F’ grades

Indiana education leaders inched closer Wednesday to approving a new system for grading the state's schools, nearly a year after a secret overhaul of the school-grading formula by then-Schools Superintendent Tony Bennett was revealed.

Former Shapiro’s in Carmel sells in $2.1M cash-debt deal

A year after rejecting a pair of offers for the former Shapiro’s Delicatessen on Range Line Road, the Carmel Redevelopment Commission on Wednesday accepted a $2.1 million bid from principal City Center developer Pedcor Investments LLC.

WISH-TV expanding daily newscasts by four hours

WISH-TV Channel 8, which will lose its 58-year affiliation with CBS-TV at the end of the year, is planning to fill some of the programming void with local news coverage, the Indianapolis station announced Wednesday.