HHGregg shares fall after analyst downgrade
Customers are buying fewer high-priced big-screen TVs from electronics chain HHGregg Inc., an analyst said Tuesday as he lowered
his investment rating on the company’s stock.
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Customers are buying fewer high-priced big-screen TVs from electronics chain HHGregg Inc., an analyst said Tuesday as he lowered
his investment rating on the company’s stock.
The district’s school board voted 6-1 Tuesday night for a plan using the Anderson High School building for grades 10-12 starting
next fall. The Highland High School building will house grades 7-9.
Kevin Stewart stole a computer server that contained the names and confidential information of 900,000 people.
Indiana University is reorganizing its Cyclotron Facility to shift oversight to its School of Medicine. The Bloomington campus’
vice provost for research previously had overseen the cyclotron, which treats cancer patients with proton therapy.
The Senate has approved a bill delaying unemployment-tax increases on businesses for a year, but the legislation may face
hurdles in the Democrat-led House.
Dr. Beth Summers, a pediatric hospitalist, joined Hendricks Regional Health on Jan. 4. She is the Danville-based
hospital’s eighth hospitalist, which is a doctor whose entire practice is focused on patients staying at the hospital. Summers
earned her medical degree at Case Western Reserve University and completed a residency in pediatrics at Riley Hospital for
Children in Indianapolis.
Warsaw-based Zimmer Holdings Inc. named Jeffrey Paulsen its president
of global businesses. He will oversee sales of Zimmer’s spine, dental, trauma and orthopaedic surgical products in countries
outside the United States. Paulsen most recently served as chief operating officer for Detroit-based MPS Group Inc., a facilities
management firm. Before that, he worked at Michigan-based Stryker Corp., a Zimmer rival.
Hill-Rom Holdings Inc.
has hired John J. Greisch to replace retiring CEO Peter Soderberg. Greisch comes to the Batesville-based
hospital bed maker from Baxter International Inc., a global health care products company based in Deerfield,
Ill.
Hunters are adopting rifles that look jarringly similar to versions soldiers carry in Afghanistan.
Indianapolis was one of 18 cities included in United State’s bid to host World Cup Soccer event in 2018 or 2022.
Roche Diagnostics Corp. named a new CEO Tuesday for its North American operations, which are headquartered
in Indianapolis. Jack Phillips, currently head of commercial operations for North America and Japan at Roche subsidiary Ventana
Medical Systems, takes the reins from Michael Tillmann, who resigned on Friday. Tillmann had been in the job 18 months, but
Roche continued to lose market share in its diabetes business. Phillips is the third North American CEO for Roche Diagnostics
in less than two years.
Republican U.S. Sen. Richard Lugar requested Indiana’s attorney general to conduct
a legal analysis of the Senate health insurance proposal, according to the Associated Press. Attorney General Greg Zoeller
will examine the constitutionality of parts of the federal health care bill, including the so-called Nebraska compromise that
would give Nebraska funding for expanded Medicaid obligations. Indiana law gives the attorney general authority to review
proposed federal legislation for any of the state’s U.S. senators or representatives. Zoeller said he’ll provide a report
to Indiana’s congressional delegation by the time Congress starts House-Senate conference committee negotiations.
The long-term impact of health care reform is uncertain, but many analysts are expecting big health insurers like Indianapolis-based
WellPoint Inc. to benefit in 2010, according to the Associated Press. WellPoint, which insures more Americans
than any of its peers, has seen its stock price surge 10 percent in 2010. "As the health care reform
debate diminishes, we believe investors will continue their recent return to managed care stocks
in the first half of 2010 with a large-cap bias," Thomas Carroll, an analyst at Stifel Nicolaus
& Co., told investors.
Witham Health Services wants Boone County officials
to support a $35 million bond issue that the Lebanon-based hospital said could save it millions in interest
payments. Witham wants to use about $21 million to refinance a 95,000-square-foot medical office building in Lebanon
that it opened in September. Interest rates on bonds are lower now than when Witham began that project in mid-2007. Witham
would use the rest of the money, about $15 million, to purchase land in the Anson development near Zionsville, on which Witham
opened a free-standing emergency room in October. The 43,000-square-foot structure features cutting-edge imaging equipment
for open-sided magnetic-resonance imaging exams and high-resolution CT scans. It also includes office space for family and
specialist physicians.
The City of Evansville hired Maryland-based Meritain Health to manage its self-funded insurance
plan. The new city health plan will feature the Welborn Health Plan’s Dual Option Product, which gives members access
to both Deaconess and St. Mary’s hospitals, instead of only one as before. Meritain Health administers health plans
for more than 80,000 members in the greater Evansville tri-state area.
When it comes to encouraging smokers to quit, Indiana just isn’t getting it done. That’s the upshot
of a report card issued Tuesday by the American Lung Association.
Clarian Health soon will restart work on a new tower at Riley Hospital for Children near downtown Indianapolis and
is set to lift other cost-saving restrictions.
The owner of downtown’s Riley Towers apartments is working on plans for a 5-story expansion at 225 E. North St. that would
add 54 apartment units and more than 4,000 square feet of retail space.
Ohio-based Fair Finance Co. told securities regulators this week that it is withdrawing its request for approval
to sell an additional $250 million in investment certificates.
Frozen hydrants continue to slow down Indianapolis firefighters. Another fire hydrant was found to be frozen Monday night
when a blaze broke out at an apartment complex at 65th Street and Keystone Avenue. No one was hurt in the fire at the Lakewood
Lodge Apartments. Firefighters used water they brought with them to help extinguish the blaze. Damages were estimated at $200,000.
Two Anderson parents accused of child abuse have been arrested and jailed. Doctors say their 3-month-old son suffered a skull
fracture and other serious injuries. Investigators say Brittney Bland, 20, and Justin Sheets, 22, carried the injured baby
three blocks to the hospital instead of calling 911. Doctors found evidence that the boy had previously suffered two broken
legs and a broken arm. Child Protective Services has taken custody of the couple’s 16-month-old child.
The Franklin Township school district has hit a nerve in the struggle to cut the school budget by about $7 million. The township
is looking at the option of making middle-school and high-school athletes pay a participation fee to play sports. Opponents
say the proposal would exclude some students from sports based on their financial status. The budget plan also includes closing
a few schools and housing all kindergarten students under one roof. Fox59 will have more at 4 p.m.
Home builder hopes to sell as many as 200 houses in region this year. Fischer, which entered the Columbus, Ohio,
market in 2008 after buying subdivisions from retreating builders, is using the same strategy to establish a foothold in Carmel,
Westfield, Zionsville and Avon.
Roche Diagnostics named a new CEO for its North American operations Tuesday to replace Michael Tillmann, who resigned on Friday.
This month it is, with Broadway star Sutton Foster leading the way.
A report from the Indiana Fiscal Policy Institute says metropolitan counties pay more in state taxes than they receive
in benefits. The results, though not surprising, document the disparity for the first time in Indiana.