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Business

  • Fort Wayne ranks No. 11 on Forbes list of Opportunity Cities
    Forbes has ranked Fort Wayne No. 11 on its list of Opportunity Cities. The 19-city list, published Thursday, put Columbus, Ohio, at the top.
  • Alibaba stock soars 40% in massive IPO
    NEW YORK – Alibaba debuted as a publicly traded company Friday and swiftly climbed more than 40 percent in a mammoth IPO that offered eager investors seemingly unlimited potential for growth and a way to tap into the burgeoning Chinese
  • China levies record fine
    BEIJING – Drug giant Glaxo­SmithKline was fined $492 million Friday for bribing doctors in China in the biggest such penalty ever imposed by a Chinese court.
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Week Ahead

Today

•Institute for Supply Management releases its manufacturing index for June

•Commerce Department reports on construction spending for May

Tuesday

•Commerce Department reports on factory orders for May

•Automakers report on vehicle sales for June

Wednesday

•Labor Department reports on weekly jobless claims

•Institute for Supply Management releases its service sector index for June

Thursday

•U.S. stock and bond market is closed for Independence Day

Friday

•Labor Department releases employment data for June

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