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Slinky maker’s owner buys bankrupt Fundex for $1.7M
Private equity firm Propel Equity Partners is acquiring Fundex following a court-ordered auction in which a surprise bidder surfaced, driving up the price of the company.
Landmark Anderson drugstore closes after 80 years
Howard Gwinn worked as a teacher and a Chicago-based pharmacist before opening shop at Fifth Street and Madison Avenue in Anderson in 1932. The drugstore he founded was a neighborhood fixture until closing Wednesday night.
Lilly Endowment pledges $2M if ISO can hit $5M goal
Lilly Endowment has pledged $2 million to the Indianapolis Symphony Orchestra on condition the performing arts group reaches an important $5 million fundraising goal by Feb. 3.
Kroger redevelopment plans for 16th Street on hold again
A long-simmering plan by Kroger to build a new store to replace the cramped, old-format location at 16th and Central Avenue is on hold again after the chain failed to acquire a key parcel.
Indiana to receive nearly $793K in Amgen settlement
Amgen Inc. has agreed to pay Indiana nearly $793,000 as part of a larger settlement to resolve allegations it paid kickbacks to physicians who prescribed some of its drugs for unapproved uses.
Digital marketer Raidious to add up to 75 downtown jobs
The company, which currently has 20 Indianapolis employees, began its expansion this fall by leasing 2,800 square feet of office space in the Morrison Opera House, 47 S. Meridian St.
Scotty’s plans new restaurants, loses contracts on others
Scott Wise, who operates nine restaurants in Indiana, plans to open two more Scotty’s Brewhouses in Indiana next year. However, his company also is losing the management contracts on two restaurants that carry the Scotty’s name.
Feds criticize Indiana education program for migrant children
Indiana never spent millions of dollars the federal government provided to help make sure the children of migrant workers get a good education, according to a report from the U.S. Department of Education.
Pence says he’ll review school safety; no word on guns
Incoming Gov. Mike Pence says he'll conduct a thorough review of safety at Indiana schools in response to the Newtown school shootings last week. He also made a number of new appointments Wednesday.
Judge: Indiana districts can sell schools despite law
A judge has ruled that two northeastern Indiana school districts can sell vacant schools, bypassing a state law requiring them to wait four years in case a charter school wanted to claim the buildings.
Pence to name state’s top cop
Gov.-elect Mike Pence is expected to name a former Hamilton County sheriff as the new superintendent of the Indiana State Police on Wednesday afternoon. Sources say Doug Carter will be announced in a ceremony at the statehouse. Carter served two terms as Hamilton County’s sheriff and was a trooper at the Pendleton state police post.
Shooting leaves two injured
Two people were shot Tuesday night on the northeast side of Indianapolis, leaving one victim in critical condition and the other in serious condition. The shootings happened about 7 p.m. in the 3000 block of Adams Street, near East 30th Street and North Sherman Drive. Police are investigating.
Pedestrian killed in Fountain Square
A man rushing to the airport in his van Tuesday night missed his turn and hit two pedestrians on the sidewalk, killing one. Joseph Anthony Scott Crandall, 20, was driving south on Shelby Street in Fountain Square about 8:30 p.m. when he tried to turn onto Prospect Street and jumped a curb. One pedestrian died on the scene. The other, Aaron Schaler, 35, was taken to Wishard Hospital in stable condition. Investigators don’t believe drugs or alcohol played a factor, but said Crandall told them he was in a hurry because he had eight minutes to get to the airport.
GM to buy back 200M shares as part of government exit
The Treasury plans to sell its remaining stake in General Motors over the next 15 months, allowing the automaker to shed the stigma of being partly owned by the U.S. government.
Ticket giveaway: Live auction comedy “Going…Going…Gone”
Win tickets for six to the original interactive play where the audience takes home the auctioned props.
Hoosier Lottery hires ad agency for creative work
The Hoosier Lottery announced Wednesday it has hired Mortenson Safar Kim (formerly MeyerWallis) as its new creative advertising agency of record. Lottery officials have promised to increase marketing.
Retail roundup: Everything’s better with coffee? And more
Two new retail concepts are hoping to cash in by pairing their offerings with coffee. Plus: Comings and goings among other retailers.
Butler introduces major in entrepreneurship and innovation
Students will be required to take an existing practicum class—now optional—during which they work in teams to operate businesses for a semester.
Former IPL president, civic leader Humke dies
Ray Humke, 80, served as president of Indianapolis Power and Light Co. from 1990 until he retired in 2001. He died Tuesday following a brief illness.