Ex-Chase chief to lead state banking agency
Denny Bassett’s appointment to the department that regulates state banks comes just a few months after his retirement as Indiana chairman of JPMorgan Chase & Co.
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Articles
Preschool education bill could be in trouble
The chairman of the Senate education committee said some senators are concerned about the bill–which would create a five-county pilot preschool program–due to its cost and connection to the state’s private school voucher system.
Bottleneck bedevils Indiana’s mighty wind turbines
Lack of transmission lines keeps green energy from flowing to the Midwest.
Smith shuns retirement for stint as Chase Indiana chair
Local banking veteran and community leader Albert J. Smith Jr. is eight years older than his predecessor, who retired in January.
Weak sales lead HHGregg to post smaller profit
Shares of the Indianapolis-based retailer had fallen 18 percent by early afternoon Thursday, after the firm reported slumping sales and profit in its latest quarter.
People
Jim Terwilliger, president of Indiana University Health’s Methodist and University hospitals, will step down March 1. He had led IU Health’s two flagship hospitals since July 2012, when longtime executive Sam Odle retired. Dennis Murphy, whom IU Health hired to fill Odle's other job of chief operating officer, decided to replace Terwilliger. Dr. Jeff Sperring, CEO of IU Health’s Riley Hospital for Children, will serve as interim president of Methodist and University hospitals, while IU Health conducts a search for a permanent replacement.
Indianapolis-based WellPoint Inc. named Amy Cheslock vice president of payment innovation for provider engagement and contracting within the company’s commercial and specialty business division. She previously was vice president of provider engagement and contracting for WellPoint’s central region markets and enterprise cost-of-care initiatives. Cheslock succeeds Jill Rubin Hummel who, last month, was named president of WellPoint’s affiliated health plan in Connecticut.
Reorganization leaves Methodist Hospital prez without job
Jim Terwilliger had led IU Health’s two flagship hospitals since July 2012, when longtime executive Sam Odle retired. The CEO of Riley Hospital for Children will replace him temporarily.
Bill would expand charters to more adults in Indiana
Senate Bill 159, authored by Sen. Luke Kenley, R-Noblesville, would allow the creation of new adult high schools and create an appropriation for the charter schools so they don’t pull their funding from K-12 funds.
HHGregg reports disappointing holiday sales
The Indianapolis-based electronics and appliance retailer said its fiscal third-quarter sales during the holiday season were hurt by competitors offering deeper discounts.
Union vote to keep Boeing plant out of Indiana, other states
Production workers for the aerospace giant voted narrowly to accept benefit cuts in order to assure the plant would be built in the Seattle area.
Circle Centre nears deals for Burger Palace, Yard House, LA Fitness
Three prominent restaurant chains, including one developed by Bobby Flay, and a health club franchise are eying the vacant space formerly occupied by Nordstrom in Circle Centre.
HHGregg’s CFO to depart in January
Jeremy J. Aguilar plans to take a similar position with another company, the Indianapolis-based retailer announced Thursday.
Shares of Indiana retailers surge in 2013
Shares of The Finish Line Inc., HHGregg Inc. and Shoe Carnival Inc. have been on a tear this year, rebounding to outperform the major stock indexes and rising at least 40 percent in value through the first of December. By comparison, the S&P 500 has gained about 28 percent.
Whitsett pivots to market-rate apartment projects
Next up is a renovation of the vacant Consolidated Building and a redevelopment of the Indianapolis Star headquarters property, both on North Pennsylvania Street. The projects will add 600 market-rate apartments to downtown.
Records
Corporate Philanthropy Kevin Storm donated his time through Dec. 1, for a first visit to the Storm Chiropractic Clinic, in exchange for a donation to Y for All. Global Gifts Indianapolis stores donated 10% of the purchases made on Nov. 22 to VSA Indiana. Flaherty & Collins, in partnership with Vision Communities Inc., donated thousands […]
Chase Indiana chairman retiring
Dennis Bassett, who retires at the end of this month, will tell you things might not have gone well for JPMorgan Chase & Co. if it had imported a New Yorker to run its Indiana operations when it bought Chicago-based Bank One in 2004.
Radio station adds Dennis Miller in conservative-talk battle
Freedom 95 has picked up comedian and commentator Dennis Miller as it tries to gain market share among conservative talk fans. But they’ll have to stay up late to hear him.
Report find speed factor in bus crash
The final report on the July 27 church-bus crash on the north side of Indianapolis cites unsafe speed as the primary reason for the accident and says the bus had no mechanical defects. Three people were killed: youth pastor Chad Phelps, his pregnant wife, Courtney, and church member Tonya Weindorf. Dennis Maurer, the 68-year-old driver, told investigators the brakes on the bus failed as he exited Interstate 465 onto Keystone Avenue. A Marion County prosecutor's office spokeswoman said Friday that no decision has been made on whether the driver will face criminal charges.