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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, livestock prices mixed

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

Wheat for March delivery slipped 0.75 cent to $7.5050 a bushel; March corn rose 3.25 cents to $6.8875 a bushel; March oats added 0.25 cent to $3.3175 a bushel; while March soybeans fall 2 cents to $13.8650 a bushel.

Beef futures fell and pork futures rose on the Chicago Mercantile Exchange.

February live cattle fell 0.45 cent to $1.3255 a pound; March feeder cattle fell 1.10 cent to $1.55 a pound; February lean hogs rose 0.05 cent to 86.35 cents a pound.

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