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HealthSouth to Break Ground on Expansion
Groundbreaking ceremonies for HealthSouth Rehabilitation Hospital at Chattanooga, Tenn., will be held on Friday, June 15, 2012, at 11 a.m. at 2412 McCallie Ave. in Chattanooga. The groundbreaking ceremony will include comments by Mr. Jay Grinney, HealthSouth President and CEO, Mr. Scott Rowe, HealthSouth Chattanooga Rehabilitation Hospital Administrator and other distinguished leaders from the community. In addition, hospital tours will be provided.
“The addition will allow us to provide high-quality and cost-effective inpatient rehabilitation services in a state-of the-art hospital setting to more patients in the Chattanooga area,” said Scott Rowe, HealthSouth Rehabilitation Hospital Chattanooga CEO. “We are on track with groundbreaking and expect to be fully operational by June 2013.”
The hospital will expand by 27,100-square feet to accommodate the relocation of 50 patient beds currently operational on the second floor of the hospital. The expansion will include 30 all-private rooms, more than tripling the current complement of the hospital’s private room offering. Additionally, 10 spacious semi-private rooms, a new day room and support spaces will be included in the project. Renovation of the existing hospital space includes expanding the dining room and therapy gym along with aesthetic improvements to the building. The second floor will house the regional business office.
HealthSouth to Break Ground on Expansion
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Last Update on October 31, 2014 07:28 GMT
SEOUL, South Korea (AP) -- Japan's Nikkei 225 stock average surged 5 percent and the yen slid against the dollar after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economic recovery.
Other Asian stock markets were also higher after the Japanese central bank's announcement Friday. The dollar rose 1.2 percent to 110.64 yen.
The bank said it would increase its asset purchases by between 10 trillion yen and 20 trillion yen ($90.7 billion to $181.3 billion) to about 80 trillion yen ($725 billion) annually.
The Nikkei was up 4.6 percent at 16,380.11 after shedding some of its initial gains. Hong Kong's Hang Seng rose 1.2 percent and Seoul's Kospi was up 0.1 percent.
ECONOMY-THE DAY AHEAD
WASHINGTON (AP) -- Today. the Commerce Department will release its September report on consumer spending, which accounts for 70 percent of economic activity in the U.S.
Also, the University of Michigan will issue its monthly index of consumer sentiment for October. In September, the index reached its highest level since July 2013, led by greater optimism that the economy will grow and incomes will rise.
The Labor Department will also release the third-quarter employment cost index.
Before the market opens, Exxon Mobil will report its quarterly financial results.
NEW YORK (AP) -- Citigroup is slashing its third-quarter earnings by $600 million, saying that recent investigations by regulators have altered the results it reported earlier this month.
The New York-based bank on Thursday revised its quarterly net income to $2.8 billion from a previously reported $3.4 billion, citing legal expenses.
The bank's operating expenses rose from $12.36 billion to about $13 billion.
The company said in a statement the unexpected increase came from "rapidly-evolving regulatory inquiries and investigations, including very recent communications with certain regulatory agencies related to previously-disclosed matters."
Citi previously reported third-quarter net income of $3.44 billion, or $1.07 per share, on Oct. 14. The results exceeded Wall Street estimates.
Like other major banks, Citigroup has been the target of lawsuits and government investigations for its role in the mortgage meltdown that helped spur the financial crisis of 2008.
SURGICAL GOWNS LAWSUIT
LOS ANGELES (AP) -- A lawsuit says Kimberly-Clark Corp. falsely claimed its surgical gowns met the highest standards for protecting against Ebola and other infectious diseases.
Lead attorney Michael Avenatti says the Texas hospital where two nurses contracted Ebola used to stock the gowns but it's not clear if the nurses had used them.
The $500 million fraud suit was filed Wednesday in federal court in Los Angeles on behalf of a surgeon who wore the gowns.
The lawsuit says Kimberly-Clark knew for a year that the gowns failed industry tests and allowed the transfer of bodily fluids, bacteria and viruses, but the company still promoted them as having the highest level of impermeability.
The maker of Kleenex and other consumer products says it doesn't comment on lawsuits but stands behind its products' safety.
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