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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

Tuesday

•Standard & Poor’s releases S&P/Case-Shiller index of home prices for December and the fourth quarter

•Commerce Department reports on new home sales for January

•Conference Board releases the Consumer Confidence Index for February

Wednesday

•Commerce Department reports on durable goods for January

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

•2013 Mobile World Congress, the world’s largest cellphone trade show

Thursday

•Labor Department releases weekly jobless claims

•Commerce Department releases fourth-quarter gross domestic product

•2013 Mobile World Congress, the world’s largest cellphone trade show

Friday

•Commerce Department releases personal income and spending for January

•Institute for Supply Management releases its manufacturing index for February

•Commerce Department releases construction spending for January

•Automakers release vehicle sales for February

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