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Briefs

Orthopedic exec named at Lutheran

Jones

Kenneth Jones has been named CEO of The Orthopedic Hospital of Lutheran Health Network, a 39-bed facility on the Lutheran campus, officials announced Monday.

He replaces Shelly Miller, who left the position last summer to become CEO of Fort Wayne Orthopedics. The independent physician group has partial ownership of the hospital.

Jones was previously CEO of Heekin Orthopedic Specialists in Jacksonville, Fla. He has also worked in administrative and leadership positions in Florida and Georgia hospitals, where he had oversight of neurosciences, surgical services, orthopedics and ambulatory care.

The Georgia native began work Monday. He earned master’s degrees in health care administration and business administration from the University of Minnesota in 2003. His bachelor’s degree in biology is from Florida A&M University.

Jones and his wife, Hope, are the parents of two young children.

Delta resumes local Minneapolis flights

A daily flight to the Twin Cities has resumed at Fort Wayne International Airport, officials said Monday.

Delta Air Lines ceased seasonal, nonstop service to Minneapolis in January because of low traffic, said Scott Hinderman, executive director of airports. Airport administrators expect business and leisure travel to pick up in coming months.

Last year, 14,389 passengers departed for Minneapolis. Passengers can leave Fort Wayne International at 7:35 a.m., arriving at the Minneapolis-St. Paul International Airport at 8:23 a.m. EST.

Fort Wayne International had a total 284,465 departures in 2012.

Martha Stewart goods in jeopardy at Penney

J.C. Penney, struggling with big losses and steep sales declines, could face another challenge: empty shelves.

New York State Supreme Court Judge Jeffrey Oing told Penney’s attorneys on Monday that the chain took a risk by ordering towels, cookware and other products from the company that home diva Martha Stewart founded. In fact, Oing said he could force Penney to stop the products from heading to the shelves this spring even.

Oing said he will hear oral arguments Friday over the issue of whether Penney can sell goods like towels designed by Martha Stewart Living that are covered by Macy’s exclusive agreement but are not sold under the Martha Stewart brand name.

Merger of Fannie, Freddie’s units eyed

The federal regulator who oversees Fannie Mae and Freddie Mac is putting forward a plan to combine the two mortgage giants’ divisions that issuing billions of dollars in securities backed by home loans.

The plan announced Monday by Edward DeMarco, acting director of the Federal Housing Finance Agency, is part of efforts to overhaul Fannie and Freddie with the goal of shrinking the government’s role in the mortgage finance system. The government rescued the companies in 2008 with $170 billion in aid, the costliest bailout of the financial crisis.

DeMarco said the new entity, separate from Fannie and Freddie, could eventually be sold or used as the foundation for a restructured mortgage market.

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