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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.Today 3:00 am
  • 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.Today 3:00 am
  • 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.Today 3:00 am
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Last updated: February 25, 2013 10:15 p.m.

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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