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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 fall, livestock prices rise

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

Wheat for March delivery fell 27.25 cents to $8.2150 a bushel; March corn fell 2 cents to $7.28 a bushel; March oats slipped 1 cent to $3.88 a bushel; while January soybeans fell 2.75 cents to $14.72 a bushel.

Beef and pork prices rose on the Chicago Mercantile Exchange.

February live cattle rose 1.68 cent to $1.3195 a pound; January feeder cattle rose 2.30 cents to $1.5207 a pound; February lean hogs gained 0.23 cent to 84.15 cents a pound.

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