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Business

  • Forbes listgives city No. 11 rank
    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

•National Association of Realtors releases pending home sales index for November

Tuesday

•Standard & Poor’s releases S&P/Case-Shiller index of home prices for October

•The Conference Board releases the Consumer Confidence Index for December

Wednesday

•Stock and bond markets are closed for New Year’s Day

Thursday

•Labor Department reports on weekly jobless claims

•Institute for Supply Management releases its manufacturing index for December

•Commerce Department reports on construction spending for November

•Freddie Mac, the mortgage company, reports on weekly mortgage rates

Friday

•Automakers report on vehicle sales for December

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