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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 mixed, pork prices fall

CHICAGO (AP) — Grains futures were mixed Tuesday on the Chicago Board of Trade.

Wheat for March delivery fell 5.50 cents to $7.5750 a bushel; March corn fell 5.25 cents to $7.29 a bushel; March oats added 6.50 cents to $3.6625 a bushel; while March soybeans rose 6.75 cents to $14.9550 a bushel.

Beef futures and pork futures were also mixed on the Chicago Mercantile Exchange.

April live cattle added 0.03 cent to $1.3230 a pound; March feeder cattle fell 0.35 cent to $1.4852 a pound; April lean hogs fell 0.65 cent to 87.70 cents a pound.

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