Lafayette Online » Briefs

Narayan receives board certification in Medical Oncology, Hematology

Carolyn Shelby — Mon, 11 Jan 2010 18:37:21 +0000

LAFAYETTE, Ind. — Lafayette Cancer Care physician, Ajita Narayan, MD, PhD, has recently received board certification by the American Board of Internal Medicine with subspecialty certification in Medical Oncology and Hematology.

Ajita Narayan, MD, PhD

The American Board of Internal Medicine certification recognizes clinical competence at a level above that required for licensure. Those physicians who successfully complete the requirements and pass the board examinations have documented their commitment to the highest level of professionalism in patient care.

Board certification is the industry benchmark by which physician quality is measured and recognized. Board certification requires that physicians demonstrate the currency of their knowledge -– and their ability to use it -– by passing a rigorous and challenging examination and by assessing their knowledge and performance in practice on an ongoing basis.

Dr. Narayan joined Lafayette Cancer Care in September 2009. She obtained her medical degree from Goa Medical College in Bambolim, Goa, India and then pursued a PhD in biochemistry at Tulane University Medical Center in New Orleans, Louisiana. Following that, she finished a post-doctoral research fellowship at the University of Michigan in Ann Arbor, Michigan. She then completed a residency in Internal Medicine at St. Luke’s Hospital, Chesterfield, Missouri and a fellowship in Hematology and Medical Oncology at the University Hospitals Case Medical Center in Ohio.

Lafayette Cancer Care is a Unity Healthcare Partner and a partner of the Unity Cancer Center. LCC is located at 1345 Unity Place, Suite 135 in the Unity Medical Pavilion. This partnership offers patients access to experienced and respected physicians, radiologists and surgeons, a skilled and caring nursing staff and the most current protocols for cancer diagnosis, treatment and care.

Patients have access to a full range of diagnosis and treatment services, including surgery, mammography, imaging, radiation, chemotherapy, laboratory testing, clinical trials and support services. Specialized services at Lafayette Cancer Care include treatment of adults with many cancer types to include colon and rectum, breast, prostate, brain, head and neck, melanoma and lung cancers. Lafayette Cancer Care also treats a variety of blood conditions.

For appointments, call Lafayette Cancer Care at 765-446-5050.

PEFCU to host identity thieft and fraud ‘Lobby Day’

Carolyn Shelby — Thu, 03 Dec 2009 06:05:47 +0000

WEST LAFAYETTE, Ind. — Purdue Employees Federal Credit Union (PEFCU) invites the Greater Lafayette community to visit any PEFCU branch on Thursday, December 3, for a special identity theft and fraud lobby day.

One in five consumers becomes a victim of some kind of identity theft each year. The results can be devastating: damage to one’s credit report, average monetary losses of $1,200 or more, and nearly 30 hours of personal time spent to resolve the issue. Those who attend the lobby day will:

Learn about the latest identity theft and fraud scams
Sign up for free services that safeguard your accounts
Learn the security features of money orders and other negotiable items

Individuals who sign up for PEFCU eAlerts will receive a free stain remover stick.

Complimentary refreshments will be provided by the Yellow Bowl Bakery.

Wabash National Corporation announces earnings release date

Carolyn Shelby — Wed, 28 Oct 2009 03:47:57 +0000

LAFAYETTE, Ind. –– Wabash National Corporation (NYSE: WNC) today announced it will conduct a conference call to review and discuss its third quarter results on Thursday, November 5, 2009, at 10:00 a.m. EST. Wabash National is scheduled to release its results on Wednesday, November 4, 2009, after the close of the financial markets.

The phone number to access the conference call is 877-407-8035. A live audio webcast of the call will be available through the company’s website at www.wabashnational.com. For those unable to participate in the webcast, a recording of the call will be archived at www.wabashnational.com within three hours of its conclusion and will remain available through January 28, 2010.

Headquartered in Lafayette, Ind., Wabash National Corporation (NYSE: WNC) is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, dump trailers, truck bodies and intermodal equipment. Its innovative core products are sold under the DuraPlate, ArcticLite, Eagle and Benson brand names. The company operates two wholly owned subsidiaries; Transcraft Corporation, a manufacturer of flatbed, drop deck and dump trailers and truck bodies; and Wabash National Trailer Centers, trailer service centers and retail distributors of new and used trailers and aftermarket parts throughout the U.S.

Clarian Arnett Health appoints new CEO

Carolyn Shelby — Sun, 11 Oct 2009 04:17:10 +0000

LAFAYETTE, Ind. — Alfonso Gatmaitan, FACHE, has been named Chief Executive Officer of Clarian Arnett Health, effective November 2, 2009.

Gatmaitan joined Clarian Arnett Health in May 2009 as interim Chief Executive Officer while also serving as CEO for Clarian West Medical Center in Avon.

Gatmaitan has a long track record of success as a health care executive. He began his career 24 years ago at Logansport Hospital, served as CEO for Tipton Hospital for 11 years and joined Clarian West Medical Center in 2003 as its first employee.

“With Al Gatmaitan on board, we are positioned to build upon the rich history of Arnett Clinic and combine it with the quality focus of Clarian Health Partners,” said Dr. Donald Clayton, Clarian Arnett Board Member. “Our success will be evident through the collaboration of physicians and staff while continuing to maintain our primary focus on the patient.”

Clarian Arnett Health is a member of the Clarian Health system, yet is an independent non-profit organization with its own board of managers and executive management team.

St. Elizabeth School of Nursing Alumni Association seeks outstanding alumni

Carolyn Shelby — Sun, 13 Sep 2009 18:48:34 +0000

LAFAYETTE, Ind. — The St. Elizabeth School of Nursing Alumni Association is seeking nominations for its annual outstanding alumni award.

St. Elizabeth School of Nursing Alumni Association is seeking nominations for its annual outstanding alumni award.

The award, first given out in 2003, will be announced at the alumni association’s annual luncheon on Saturday, Oct. 31 in Lafayette. Nominees must demonstrate how they devote their life to others as a nursing professional and a member of the community.

Nomination forms are available online at www.steson.org/alumni or at the St. Elizabeth School of Nursing main office, 1508 Tippecanoe St. in Lafayette, Ind.

All nominations must be received no later than Friday, Sept. 18, 2009.

For more information, please call Bo Kuzee-Baumis, director of development and recruitment, at (765) 423-6427.

Interest rates to remain steady for fourth quarter 2009

Carolyn Shelby — Fri, 14 Aug 2009 21:40:06 +0000

WASHINGTON, DC — The Internal Revenue Service today announced that interest rates for the calendar quarter beginning October 1, 2009, will remain the same. The rates will be:

The IRS has annoucned that interest rates for the calendar quarter beginning October 1, 2009, will remain the same.

four (4) percent for overpayments [three (3) percent in the case of a corporation];
four (4) percent for underpayments;
six (6) percent for large corporate underpayments; and
one and one-half (1.5) percent for the portion of a corporate overpayment exceeding $10,000.

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points. Generally, in the case of a corporation, the underpayment rate is the federal short-term rate plus 3 percentage points and the overpayment rate is the federal short-term rate plus 2 percentage points. The rate for large corporate underpayments is the federal short-term rate plus 5 percentage points. The rate on the portion of a corporate overpayment of tax exceeding $10,000 for a taxable period is the federal short-term rate plus one-half (0.5) of a percentage point.

The interest rates announced today are computed from the federal short-term rate during July 2009 to take effect Aug. 1, 2009, based on daily compounding.

Revenue Ruling 2009-27, announcing the rates of interest, will appear in Internal Revenue Bulletin No. 2009-39, dated Sept. 28, 2009.

Wabash National Corporation appoints new CFO

Carolyn Shelby — Fri, 14 Aug 2009 21:31:50 +0000

LAFAYETTE, Ind. — Wabash National Corporation (NYSE: WNC), announced today that Robert J. Smith has resigned from his position as Senior Vice President and Chief Financial Officer, effective August 31, 2009, having accepted an opportunity with PPC, a privately held company headquartered in New York.

Smith will continue to work with Wabash National’s management team through a transition period. Smith, who joined Wabash National in March of 2003 as Vice President and Corporate Controller, has served as the organization’s Chief Financial Officer since June of 2004.

Wabash National also announced the appointment of Mark J. Weber to Senior Vice President and Chief Financial Officer, effective at the time of Smith’s resignation. Weber, who joined Wabash National in 2005 as Director of Internal Audit, has also served as Director of Finance and most recently Vice President and Corporate Controller. Mr. Weber has 18 years of finance experience including serving as Vice President of Finance for Great Lakes Chemical. He attended Purdue University’s Krannert School of Management where he received a Master’s of Business Administration and a Bachelor of Science in Accounting.

Commenting on the resignation and appointment, Wabash National’s President and Chief Executive Officer Richard Giromini said, “We are indebted to Bob for his tireless efforts and extensive contributions to the business over the past six years, and he will be missed. We appreciate Bob’s hard work building a strong organization that now allows for a seamless transition to new leadership of the finance function of our company. Mark is fully prepared to step into his new role without missing a beat and I look forward to working closely with Mark in our quest to enhance value for all shareholders.”

Simon Property Group announces Q2 FY2009 results

Carolyn Shelby — Tue, 04 Aug 2009 15:59:51 +0000

INDIANAPOLIS, Ind. — Simon Property Group, Inc. (NYSE: SPG) today announced results for the quarter ended June 30, 2009. Funds from operations (“FFO”) for the quarter were $313.1 million, or $0.96 per share diluted. Results for the quarter were impacted by a non-cash impairment charge of $0.42 per share. Excluding the impact of this charge, FFO was $453.6 million, or $1.38 per share diluted. FFO for the second quarter of 2008 was $427.9 million, or $1.49 per share diluted.

In the second quarter of 2009, the Company recognized a non-cash impairment charge of $140.5 million, or $0.42 per share diluted, representing the decline in the value of the Company’s investment in Liberty International, PLC (“Liberty”). As of June 30, 2009, the Company owned 35.4 million shares at a weighted average price of 574 pence. Liberty’s quoted market price as of June 30, 2009 was 397 pence. As of August 3, 2009, Liberty shares were trading at 436 pence.

FFO for the second quarter of 2009 reflects dilution of $0.14 per share as a result of the issuance of 17.25 million shares of common stock by the Company in March and an additional 23 million shares in May of 2009.

Net loss attributable to common stockholders for the quarter ended June 30, 2009 was $(20.8) million, or $(0.08) per share diluted. Excluding the impact of the non-cash impairment charge, net income attributable to common stockholders was $93.9 million, or $0.35 per share diluted. Net income attributable to common stockholders for the quarter ended June 30, 2008 was $76.6 million, or $0.34 per share diluted.

“Our operating fundamentals remained sound, which resulted in a solid second quarter in the face of a difficult retail environment,” said David Simon, Chairman and Chief Executive Officer. “Our 2009 capital activity, including the issuance of 40.25 million shares of common stock and $1.25 billion of unsecured notes, strengthened one of the industry’s leading balance sheets and resulted in a current liquidity position of approximately $6 billion, including $2.9 billion of cash. The cash raised through these transactions demonstrated the Company’s ability to access capital and positions SPG for future growth.”

U.S. Portfolio Statistics(1)

Dividends

The Company announced today that the Board of Directors approved the declaration of a quarterly common stock dividend of $0.60 per share, consisting of a combination of cash and shares of the Company’s common stock. The Company intends that the cash component of the dividend will not exceed 20% in the aggregate, or $0.12 per share. The dividend is payable on September 18, 2009 to stockholders of record on August 17, 2009.

In accordance with the provisions of IRS Revenue Procedure 2008-68, stockholders may elect to receive payment of the dividend all in cash or all in common shares. To the extent that more than 20% of cash is elected, the cash portion will be prorated. Stockholders who elect to receive the dividend in cash will receive a cash payment of at least $0.12 per share. Stockholders who do not make an election will receive this dividend 20% in cash and 80% in common stock. The Company reserves the right to pay the dividend entirely in cash.

The number of shares issued as a result of the dividend will be calculated based on the volume weighted average trading prices of the Company’s common stock on September 9, September 10 and September 11, 2009.

An information letter and election form will be mailed to stockholders of record promptly after August 17, 2009. The properly completed election form to receive cash or common shares must be received by the Company’s transfer agent prior to 5:00 p.m. Eastern Daylight Time on September 8, 2009. Registered stockholders with questions regarding the dividend election may call BNY Mellon Shareowner Services, the Company’s transfer agent, at (800) 454-9768. If your shares are held through a bank, broker or nominee, and you have questions regarding the dividend election please contact such bank, broker or nominee, who will also be responsible for distributing to you the letter and election form and submitting the election form on your behalf.

Today the Company also declared dividends on its two outstanding public issues of preferred stock:

6% Series I Convertible Perpetual Preferred (NYSE:SPGPrI) dividend of $0.75 per share is payable on August 31, 2009 to stockholders of record on August 17, 2009.
8 3/8% Series J Cumulative Redeemable Preferred (NYSE:SPGPrJ) dividend of $1.046875 per share is payable on September 30, 2009 to stockholders of record on September 16, 2009.

Financing Update

During the second quarter of 2009, the following transactions were completed:

On May 12th, the Company completed the sale of 23 million shares of common stock at a public offering price of $50 per share.
On May 15th, the Company’s majority-owned partnership subsidiary, Simon Property Group, L.P. (“SPGLP”), issued $600 million aggregate principal amount of 6.75% senior unsecured notes due 2014 in an underwritten public offering. The notes were priced at 98.960% of the principal amount to yield 7.00% to maturity.
On June 30th, the Company retired $85 million of SPGLP’s 8% cumulative redeemable preferred units, at par value.
The Company completed two refinancings during the quarter for $230 million , and on July 30, 2009, closed an additional $400 million of mortgage financings for three regional malls.

As of June 30, 2009, the Company had over $2.9 billion of cash on hand, including its share of joint venture cash, and over $3.0 billion of available capacity on its revolving credit facility.

U.S. New Development and Redevelopment Activity

On April 23rd, the Company opened The Promenade at Camarillo Premium Outlets in Camarillo, California. The 220,000 square-foot expansion brings the property to a total of 674,000 square feet of gross leasable area and 160 stores. New stores at The Promenade include Neiman Marcus Last Call, Aldo, Charlotte Russe, Columbia Sportswear Company, Converse, Crocs, DC Shoes, Ecco, Esprit, Etnies:exs, Journeys, Karen Kane, Le Creuset, Loft Outlet, Michael Brandon, New Balance, Papaya, Rack Room Shoes, Robert Wayne Footwear, Tommy Bahama, Vans, and Zumiez.

The Company continues construction on the following development projects:

Cincinnati Premium Outlets, a 400,000 square foot upscale manufacturers’ outlet center serving the greater Cincinnati and Dayton markets. The center is 100% owned by Simon and is scheduled to open on August 6, 2009.
A 600,000 square foot Phase II expansion of The Domain in Austin, Texas. The expansion will include Dillard’s, a Village Road Show theater, Dick’s Sporting Goods (scheduled to open in October of 2009), 136,000 square feet of small shops and restaurants, and 78,000 square feet of office space. The Company owns 100% of this project, slated for an opening in February of 2010.
Addition of Nordstrom, Target and 146,000 square feet of small shops at South Shore Plaza in Braintree (Boston), Massachusetts. Nordstrom and the small shops are scheduled to open in March of 2010, with Target scheduled to open in October of 2010. The center is 100% owned by Simon.

International Activity

On July 7th, the Company opened Ami Premium Outlets, the eighth Premium Outlet Center in Japan. The 225,000 square-foot first phase of the project opened fully leased to over 100 merchants including Adidas, Beams, BCBG Max Azria, Brooks Brothers, Coach, Cole Haan, Diesel, Fauchon, Lanvin en Bleu, Mayson Grey, Pal Zileri, Ray Ban, Tommy Hilfiger, True Religion and Viaggio Blu. Simon owns 40% of this property.

Construction continues on the following international development projects:

Argine (Naples, Italy) – a 300,000 square foot shopping center scheduled to open in March of 2010. Simon owns a 24% interest in this project.
Catania (Sicily, Italy) – a 642,000 square foot shopping center scheduled to open in June of 2010. Simon owns a 24% interest in this project.
Three projects in China located in Hangzhou, Suzhou, and Zhengzhou. The centers range in size from 310,000 to 750,000 square feet, will be anchored by Wal-Mart, and are scheduled to open in the fall of 2009. Simon owns a 32.5% interest in each of these projects.

2009 Guidance

Today the Company reaffirmed the guidance provided on May 1, 2009, after giving effect to the impact of the mid-May equity and senior notes offerings and the second quarter non-cash impairment charge, estimating that diluted FFO will be within a range of $5.35 to $5.50 per share for the year, and that diluted net income will be within a range of $1.05 to $1.20 per share.

FFO guidance is as follows:

Conference Call

The Company will provide an online simulcast of its quarterly conference call at www.simon.com (Investor Relations tab), www.earnings.com, and www.streetevents.com. To listen to the live call, please go to any of these websites at least fifteen minutes prior to the call to register, download and install any necessary audio software. The call will begin at 11:00 a.m. Eastern Daylight Time (New York time) today, August 4, 2009. An online replay will be available for approximately 90 days at www.simon.com, www.earnings.com, and www.streetevents.com.
Supplemental Materials and Financial Statements
The Company will publish a supplemental information package which will be available at www.simon.com in the Investor Relations section, Financial Information tab. It will also be furnished to the SEC as part of a current report on Form 8-K. If you wish to receive a copy via mail or email, please call 800-461-3439.

The Company’s financial statements have been adjusted to reflect the retrospective adoption of Statement of Financial Accounting Standard No. 160, Noncontrolling Interests in Consolidated Financial Statements, an amendment to ARB 51 (“FAS 160”) which became effective for us on January 1, 2009. The financial statements also reflect certain reclassifications related to the applicability of EITF Topic D-98, Classification and Measurement of Redeemable Securities (“D-98”). The adoption of FAS 160 and the Company’s concurrent review of the application of D-98 resulted in the reclassification of noncontrolling interests within the equity section of our consolidated balance sheets, and the classification outside of permanent equity for any redeemable securities not meeting the requirements for permanent equity. The adoption of FAS 160 also resulted in the reclassifications of noncontrolling interests in the consolidat ed statement of operations. None of these reclassifications had any effect on our net income attributable to common stockholders or per share amounts previously reported.

About Simon Property Group

Simon Property Group, Inc. is an S&P 500 company and the largest public U.S. real estate company. Simon is a fully integrated real estate company which operates from five retail real estate platforms: regional malls, Premium Outlet Centers®, The Mills®, community/lifestyle centers and international properties. It currently owns or has an interest in 386 properties comprising 262 million square feet of gross leasable area in North America, Europe and Asia. The Company is headquartered in Indianapolis, Indiana and employs more than 5,000 people worldwide. Simon Property Group, Inc. is publicly traded on the NYSE under the symbol SPG. For further information, visit the Company’s website at www.simon.com.

AAF-North Central Indiana presents Annual Diversity Breakfast, July 23

Carolyn Shelby — Sun, 19 Jul 2009 05:04:44 +0000

LAFAYETTE, Ind. — AAF–North Central Indiana (AAF_NCI), a Greater Lafayette organization of marketing and advertising professionals, presents their annual Diversity Breakfast on Thursday, July 23th from 7:30a–9:00a.

The topic is “Understanding the Latino Population in Greater Lafayette” and the guest speaker is Maricela Alvarado, Director of the Latino Cultural Center at Purdue University.

Maricela Alvarado

Maricela Alvarado is the first Latino Cultural Center director. Alvarado started her position at Purdue University in March 2004. She received a Master of Education degree at the University of Florida and two Bachelor of Arts degrees in English and Spanish at Washington State University. Alvarado is the daughter of Mexican migrants, who have worked in many agricultural camps throughout the U.S.

There is no cost to attend this presentation sponsored by Unity Healthcare. Please RSVP to Kristy Blair by Monday, July 20, 2009 via e-mail (kristy@idc-marketing.com) or call 765-423-5469.

AAF-NCI is a non-profit organization and a member of the American Advertising Federation. AAF-NCI has been recognized as the National Club of the Year in 2007, 2008 and 2009.

Vectren schedules Q2FY2009 release and conference call

Carolyn Shelby — Fri, 17 Jul 2009 21:41:06 +0000

EVANSVILLE, Ind. — Vectren Corporation (NYSE: VVC) will announce its 2009 second quarter results after the market closes on Monday, August 3, 2009. Vectren management will discuss those results during a conference call on Tuesday, August 4, 2009 at 2:00 p.m., EDT. To participate in the call, analysts are asked to dial 1-888-818-6237, ID# 18432034, ten minutes prior to the start of the call.

All interested investors may listen to a live audio-only webcast accompanied by a slide presentation which will be available on Vectren’s website, www.vectren.com, by choosing the “2nd Quarter Earnings Webcast” link located on the right-hand side of the page. A replay of the webcast will be made available at the same location approximately two hours following the conclusion of the meeting. A replay of the conference call will also be available via phone through August 11, 2009. The phone replay may be accessed by dialing: 1-800-642-1687, ID# 18432034.

Lafayette Online » Briefs

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