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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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Indiana coalition pushes for online sales taxes

A coalition of retailers and a bipartisan group of lawmakers Monday urged the passage of legislation requiring online merchants to begin collecting state sales taxes a year earlier than originally scheduled.

The Greater Fort Wayne Chamber of Commerce, a pair of state representatives and Indiana Retail Council President Grant Monahan touted their campaign on Monday – the biggest online shopping day of the year.

Research firm ComScore predicts Americans will spend $1.5 billion, up 20 percent from last year.

For more on this story, see Tuesday’s print edition of The Journal Gazette or return to www.journalgazette.net after 3 a.m. Tuesday.

pwyche@jg.net

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