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Anderson reduces cuts to fire, police departments

The Anderson City Council voted 8-1 Monday night to approve a 2013 budget that cuts nine firefighter and three police officer positions. That's down from the 29 total jobs in those departments that Mayor Kevin Smith initially proposed.

Outlook gloomy for device investments

The amount of venture capital invested in medical-device and equipment companies nationally has declined each quarter this year, reaching levels not seen since 2004, according to data released Oct. 19 by the National Venture Capital Association and PricewaterhouseCoopers.

Lilly’s insulin dip concerns analysts

Eli Lilly and Co. suffered a tough week on the stock market, in part because of a disturbing bit of news buried in its third-quarter earnings report: Lilly’s insulin sales are down.

Man on ramp struck, killed by deputy

A Marion County deputy who hit and injured a pedestrian less than a year ago while driving a sheriff’s wagon drove into another man Sunday night, this time causing a fatality. Adam McCarty, 31, of Jamestown was trying to get a gas can from the back of his pickup truck on a ramp to Interstate 65 from 29th Street when he was struck by Deputy Erich Gephart. Last November, Gephart hit and seriously injured Charles Hill, 38, who was walking with his daughter in the 900 block of Fox Hill Drive. Gephart was placed on leave for about four months after the previous incident.
 

Firefighters battle string of east-side fires

Indianapolis firefighters fought multiple suspicious fires overnight on the near-east side. The first broke out in a vacant residence about 11:40 p.m. Sunday in the 300 block of North Rural Street and caused an estimated $1,500 in damage. The next occurred in a vacant house at 2:20 a.m. Monday in the 800 block of North Rural Street, causing about $75,000 in damage. Another blaze was called in about 2:30 a.m. in an occupied home in the 900 block of Eastern Avenue. A family of five escaped uninjured, but the fire caused $50,000 in damage. Firefighters were later called to trash fires in the 700 block of North Oxford Street and the 600 block of North Rural. Officials are investigating to see if the fires are related.
 

Sandy bringing wind, rain to Indiana

Indiana will see high winds and rain starting Monday as the remnants of Hurricane Sandy push inland from the East Coast. The National Weather Service in Indianapolis has issued a wind advisory beginning at 5 p.m. Sustained winds from the north or northwest at 20 mph to 25 mph are expected by afternoon. By nightfall, winds could increase to 30 mph with gusts to 50 mph in some parts of Indiana. Rain and possibly light snow are expected to arrive Tuesday.

 

Manning, Irsay both looking pretty smart

Colts owner Jim Irsay insisted after last season it was time to move on with a new quarterback. His old QB, Peyton Manning, insisted he had more in the tank. Both are looking pretty smart these days. But does that ease the pain for Manning-loving Colts fans?

Hurricane cancels dozens of flights in, out of Indy

Major airlines on Monday called off 38 flights departing Indianapolis to several airports in New York, Newark, Philadelphia and Washington. Airlines also canceled 36 flights scheduled to arrive in Indianapolis the same day.

People

Dr. April P'Pool, a pediatrician, has joined Eskenazi Medical Group and Wishard Health Services as part of Cottage Corner Health Center. P'Pool holds a bachelor’s in biology from Wheaton College. She received her medical degree from the Indiana University School of Medicine.

Dr. Ashesh P. Shah, an abdominal transplant surgeon, has joined the transplant team at Indiana University Health. Shah received his medical degree and residency training at the Indiana University School of Medicine.

Dr. Saurabh Agrawal, a transplant hepatologist, also has joined the transplant team at IU Health. Agrawal, who got his medical degree from the Federal University of Paraiba in Brazil, received his residency training at Cleveland Clinic.

St. Vincent Indianapolis Hospital appointed Dr. George Shade Jr. as chief medical officer. Shade comes to St. Vincent from Detroit Medical Center, where he was chief quality officer. He has also served as an instructor at Wayne State University School of Medicine in Detroit, chairman of the state of Michigan Board of Medicine, and vice president of medical affairs at Sinai-Grace Hospital in Detroit. Shade replaces Dr. Daniel LeGrand, who returned to full-time private practice as a vascular surgeon at the St. Vincent Medical Group.

Company news

Shares of Hill-Rom Holdings Inc. spiked 10 percent on Oct. 25 after it announced earnings that edged past the expectations of Wall Street analysts. But the Batesville-based maker of hospital beds and furniture gave up much of those gains as the week ended. Hill-Rom earned $39.2 million in the three months ended Sept. 30, a 38-percent decline from the same quarter a year ago. Earnings per share totaled 63 cents in the most recent quarter, and only 56 cents when special items were excluded. But analysts were expecting even less, just 55 cents per share, according to a survey by Thomson Reuters. Also, Hill-Rom’s revenue soared above analysts' expectations, totaling $431.6 million. Analysts had predicted revenue of $418 million in the quarter. Shares of Hill-Rom’s stock opened the day Oct. 25 at $30.43, a 10-percent jump from their close the previous day. But by the end of Friday, Hill-Rom’s shares had settled back down to $28.39 apiece, essentially unchanged for the week.

The Indiana University School of Medicine gave details Oct. 25 on its expansion of its program in Lafayette from two years to four years and plans to grow enrollment. The program, which is housed on the campus of Purdue University, this year enrolled 39 third-year students who are doing rotations at hospitals in the Lafayette area. The Lafayette medical program will add fourth-year medical students next year. Previously, medical students who began in Lafayette would finish their medical training at the IU medical school’s main campus in Indianapolis. The IU medical school has been enrolling 16 students per year at the Lafayette campus. But in 2014, when the school moves into a new building on Purdue’s campus, it will boost enrollment to 24 students per year. The new building, known as Lyles-Porter Hall, will give the school the capacity to enroll as many as 32 students. The Lafayette campus was launched in 1968. A second-year curriculum was added in 1980.

Zimmer Holdings Inc. beat analysts’ estimates with its third-quarter profit, but trimmed its full-year forecast. The Warsaw-based maker of orthopedic implants said Oct. 25 that it earned $178.1 million in the three months ended Sept. 30, a 7-percent decline from the same quarter last year. Excluding special charges, however, Zimmer would have earned $202.1 million, a 2.5-percent increase from a year ago. Earnings per share on that basis totaled $1.15. Wall Street analysts were expecting $1.13 per share, according to a survey by Thomson Reuters. For the full year, Zimmer now expects earnings per share to fall between $4.75 and $4.80 on a reported basis and between $5.25 and $5.35, excluding special charges. Zimmer’s previous forecasts had added another nickel of earnings on the high end of those ranges. Zimmer expects foreign exchange rates to keep its sales flat the rest of the year.

Shareholders of Amerigroup Corp. on Oct. 23 overwhelmingly approved the Virginia company’s $4.9 billion sale to Indianapolis-based health insurer WellPoint Inc. The vote clears the way for the acquisition to close before the end of the year. More than 99.9 percent of shares voted Tuesday were in favor of the sale to WellPoint, although those shares represented just 80 percent of all Amerigroup shares outstanding. Some Amerigroup shareholders had questioned the deal when Amerigroup revealed that a second suitor had been in the mix. WellPoint agreed to buy Amerigroup on July 9 to beef up its business of managing Medicaid plans for state governments.