Dana seeks abatement for new equipment

Business

Although the name suggests it, this is no rotating restaurant.Three Sixty will offer gourmet catering and event services beginning in the fall on the 25th and 26th floors of the PNC Bank building at 110 W.Today 7:30 am

Hunting for farmers market finds

Today 7:30 am

Markets roiled by Bernanke's exit strategy

LONDON (AP) — Markets were roiled Thursday by a suggestion from U.S. Federal Reserve chairman Ben Bernanke that the central bank may be done with its monetary stimulus next year.Today 6:57 am

Dana Light Axle Products is planning a $4.2 million equipment investment at its Fort Wayne location, 2100 W. State Blvd.

The company filed paperwork with the city earlier this week to receive a 10-year abatement that would save the business more than $267,000. The matter will come before City Council members April 24.

The project will result in five new jobs.

Dana makes axles, drive shafts, transmissions and other products for light- and heavy-duty vehicle manufacturers.

For more on this story, see Saturday’s print edition of The Journal Gazette or visit www.journalgazette.net after 3 a.m. Saturday.

pwyche@jg.net