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Business

  • $6 million ends Biomet suit
    Biomet Inc. has agreed to pay more than $6 million to resolve allegations that it paid kickbacks to encourage doctors to use its bone growth stimulators, the U.S.
  • Axle maker expands Albion footprint, jobs
    A maker of heavy duty and recreational vehicle axles will be adding up to 200 jobs at its Noble County plant early next year. Dexter Axle Co.
  • Samsung vows changes after mobile profit plunges
    SEOUL, South Korea – Samsung Electronics Co. admitted erring in its smartphone strategy and vowed Thursday to overhaul its handset lineup after profit from those devices tumbled last quarter to the lowest in more than three years.
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Ikea sees sales, market share grow

Buoyed by increasing demand for its popular furniture and accessories, Ikea says sales grew more that 3 percent to $38 billion in the latest fiscal year.

The world’s largest furniture retailer said Monday that market share grew in most regions, including Russia and China, and that “significant progress” was made in North America.

The Swedish company does not release quarterly figures. It gave no more details in a brief release on Monday, saying its full report for the fiscal year ending Aug. 31 will be published in January.

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