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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.
  • 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.
  • 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.
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Grain futures mostly fall, beef prices rise

CHICAGO (AP) — Grains futures mostly fell Thursday on the Chicago Board of Trade.

Wheat for December delivery fell 6.75 cents to $8.6925 a bushel; December corn fell 8.75 cents to $7.5150 a bushel; December oats fell 10 cents to $3.6075 a bushel; while January soybeans rose 1.75 cent to $14.48 a bushel.

Beef futures rose, while pork futures fell on the Chicago Mercantile Exchange.

December live cattle rose 0.38 cent to $1.2820 a pound; January feeder cattle rose 0.68 cent to $1.4675 a pound; while December lean hogs fell 0.12 cent to 83.70 cents a pound.

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