Business | WANE TV

GM stock hits milestone

Fri, 17 May 2013 18:01:24 GMT

Shares of General Motors reached an important milestone on Friday, topping their initial public offering price of $33 for the first time in more than two years.

Economy's future looks healthy

Fri, 17 May 2013 16:02:43 GMT

A measure of the U.S. economy's future health rose solidly in April, buoyed by a sharp rise in applications to build homes and a better job market.

Oil prices jump to near $96 a barrel

Fri, 17 May 2013 13:18:24 GMT

The price of oil rose to near $96 a barrel on Friday ahead of the release of Conference Board's index of leading indicators for the U.S. economy.

RV sale could mean more Fleetwood jobs

Thu, 16 May 2013 16:31:15 GMT

The company that owns the Fleetwood RV manufacturing facilities in Decatur has purchased most of Navistar RV's holdings in a move that could bring more jobs to the Adams County company.

Cost of gas drives down consumer prices

Thu, 16 May 2013 12:59:20 GMT

A sharp fall in the cost of gas drove a measure of U.S. consumer prices down last month by the most since December 2008. Outside the drop in fuel costs, prices were largely unchanged.

Google gets into music streaming biz

Wed, 15 May 2013 17:19:05 GMT

Google has unveiled a music service called All Access. The streaming service will allow Android users to listen to their favorite songs and artists for a monthly fee of $9.99.

Google set to show off new product line

Wed, 15 May 2013 13:22:19 GMT

Google is expected to use its annual software developers' conference to showcase the latest mobile devices running on its Android software, while also unveiling other features in its evolving product line-up.

Oil prices drop below $93 a barrel

Wed, 15 May 2013 13:09:13 GMT

The price of oil fell below $93 on Wednesday after disappointing economic reports from Europe and the U.S.

Wholesale prices show sharp drop

Wed, 15 May 2013 12:48:20 GMT

Sharp drops in fuel and food costs reduced a measure of wholesale prices last month by the most since February 2010, indicating inflation has slowed.

Cold beer fight moves to federal court

Tue, 14 May 2013 15:16:00 GMT

An organization representing gas station and convenience store owners has filed a complaint in U.S. District Court alleging the State of Indiana's law regarding the sale of cold beer is "irrational and discriminatory".

Oil slides below $95

Tue, 14 May 2013 13:15:54 GMT

The price of oil slid below $95 a barrel on Tuesday as the International Energy Agency raised its U.S. oil production forecasts and cut its prediction for global crude demand.

US business stockpiles flat in March

Mon, 13 May 2013 15:07:54 GMT

U.S. businesses left their stockpiles unchanged in March for a second straight month while their sales fell sharply.

Rally intended to save Ohio parts plant

Mon, 13 May 2013 14:48:38 GMT

Community leaders and union members will hold a rally in Edon, Ohio Tuesday to try and save an auto parts plant that has been set for closure.

Oil falls to near $95

Mon, 13 May 2013 12:57:54 GMT

The price of oil fell to near $95 a barrel on Monday, reflecting the recent strengthening of the dollar against the yen and other major currencies.

US retail sales edge up 0.1 percent

Mon, 13 May 2013 12:53:10 GMT

Americans increased their spending in April at retail businesses, buying more cars and clothes after cutting purchases in March.

Gas almost $.50 higher than a month ago

Mon, 13 May 2013 12:35:20 GMT

Average retail gasoline prices in Fort Wayne have risen 13.0 cents per gallon in the past week, averaging $3.82 a gallon on Sunday, May 12, 2013, according to GasBuddy's daily survey of 201 gas outlets in Fort Wayne.

Zimmer announces job cuts

Fri, 10 May 2013 13:32:39 GMT

The company didn't specify how many workers were let go, saying only that "less than 50 full time employees were impacted" at its Warsaw operations.

Electric car scores 99 out of 100

Thu, 09 May 2013 18:03:50 GMT

The Tesla Motors Inc. Model S electric car has tied an older Lexus for the highest score ever recorded in Consumer Reports magazine's automotive testing. The Model S, which starts at $62,400 after a federal tax credit, scored 99 points on a scale of 100 in the magazine's battery of tests.

New stock market milestone: Dow 15,000

Tue, 07 May 2013 20:49:18 GMT

It was another chapter in the market's epic ascent in 2013. Good economic reports, higher corporate profits and support from central banks have eased investors' concerns that another economic slowdown could upend the market.

Home prices show biggest jump since '06

Tue, 07 May 2013 15:03:02 GMT

Core Logic, a real estate data provider, said Tuesday that annual U.S. home prices have now increased for 13 straight months. However, Fort Wayne home prices were up by just 1.1 percent in March compared to the same month last year.

Expert: Gas prices will slowly go up

Mon, 06 May 2013 12:50:39 GMT

Average retail gasoline prices in Fort Wayne have fallen 1.2 cents per gallon in the past week, averaging $3.73 a gallon on Sunday, May 5, 2013 according to GasBuddy's daily survey of 201 gas outlets in Fort Wayne

Is shopping online tax-free cheating?

Sun, 05 May 2013 13:24:54 GMT

Buy anything on the Internet lately without paying sales tax? In all but a few states, you're probably a tax cheat.

Job market shows gains, healing is slow

Sat, 04 May 2013 14:26:55 GMT

The American economy and job market are moving in the right direction, just not very quickly. The news Friday that U.S. employers added a solid 165,000 jobs in April and unemployment fell to a four-year low of 7.5 percent came as a relief.

Stocks surge to new highs

Fri, 03 May 2013 20:37:12 GMT

The stock market surged on Friday, traders donned party hats, and the wave of buying drove three indexes through major milestones.

Unemployment falls to four-year low

Fri, 03 May 2013 13:00:02 GMT

U.S . employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than the government first estimated. The job increases helped reduce the unemployment rate from 7.6 percent to a four-year low of 7.5 percent.

61 terminated in Jay Products closing

Rod Hissong — Tue, 30 Apr 2013 03:09:02 GMT

Jay Products Company will close its production facility in Portland by Sept. 30.

Midwest gas prices expected to rise

Mon, 29 Apr 2013 13:17:07 GMT

A gas price analyst predicts prices could go up by 10 to 20 cents over the next two days.

Crumbling utility eyed for museum

Tue, 23 Apr 2013 13:28:38 GMT

A crumbling northeastern Indiana utility building that's been vacant for a half-century and under the threat of the wrecking ball could find a new life as a museum featuring classic motorcycles.

Gas prices still lower than a year ago

Mon, 22 Apr 2013 14:50:41 GMT

Despite a forty cent jump in gas prices last week, the average cost of a gallon of regular unleaded is still lower than it was a year ago.

AM General says layoffs to continue

Fri, 19 Apr 2013 22:45:20 GMT

AM General has told about 350 workers it laid off on Jan. 1 that they could be out of work at least through June 30.