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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 rise, pork prices fall

CHICAGO (AP) — Grains futures mostly rose Wednesday on the Chicago Board of Trade.

Wheat for May delivery rose 1 cent to $7.12 a bushel; May corn rose 0.50 cent to $6.9525 a bushel; May oats were flat at $3.7175 a bushel; while May soybeans rose 7.75 cents to $14.3950 a bushel.

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

April live cattle rose 0.57 cent to $1.2987 a pound; March feeder cattle rose 0.28 cent to $1.4145 a pound; April lean hogs fell 0.57 cent to 81 cents a pound.

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