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Business

  • Penney’s board unchanged despite losses
    Ron Johnson’s job at J.C. Penney Co. ended after his attempt to overhaul the retailer wiped out a quarter of its sales and about half of its market value. The board members who hired him are staying.Today 3:00 am
  • GM shares crack 2-year high
    Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years. GM shares reached $33.Today 3:00 am
  • Area’s jobs outlook better
    State unemployment dipped in April – and metro Fort Wayne did its part.The region had fewer people without work and the jobless rate retreated to 7.6 percent from 8.Today 3:00 am
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Published: August 27, 2012 3:00 a.m.

Week Ahead

Tuesday

•Standard & Poor’s reports S&P/Case-Shiller index of home prices for June and the second quarter

•The Conference Board reports the Consumer Confidence Index for August

Wednesday

•Commerce Department reports second-quarter gross domestic product

•National Association of Realtors reports pending home sales index for July

•Federal Reserve releases Beige Book

Thursday

•Labor Department reports weekly jobless claims

•Commerce Department reports personal income and spending for July

•Selected chain retailers report August sales.

Friday

•Commerce Department reports factory orders for July

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