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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

•Commerce Department releases durable goods for December

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

Tuesday

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

•The Conference Board releases the Consumer Confidence Index for January

•Federal Reserve policymakers begin a two-day meeting to set interest rates

Wednesday

•Commerce Department releases fourth-quarter gross domestic product

Thursday

•Labor Department releases weekly jobless claims

•Freddie Mac, the mortgage company, releases weekly mortgage rates

•Commerce Department releases personal income and spending for December

Friday

•Labor Department releases employment data for January

•Institute for Supply Management releases its manufacturing index for January

•Commerce Department releases construction spending for December

•Automakers release vehicle sales for January

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