You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

Advertisement
Briefs

Wells OKs building to woo firms

Wells County is aggressively courting new employers by erecting a 200,000-square-foot shell building in Bluffton, officials announced Tuesday.

Companies looking to expand or enter a market often prefer the ease of buying or renting a new structure.

The building, which will be finished to meet a tenant’s needs, will be in the Bluffton-Decker Industrial Park on the city’s west side. Groundbreaking is expected in the spring with completion in six to nine months.

The Wells County Commissioners on Tuesday approved the plan, which is contingent on reaching an agreement with a Wells County developer. The estimated cost is $5 million, said Tim Ehlerding, executive director of Wells County Economic Development.

“We must be aggressive in our efforts to grow the Wells County economy and create a climate where new jobs are created,” Commissioner Scott Mossburg said in a statement. “This is true economic development and an ideal use of CEDIT (County Economic Development Income Tax) funds.”

Meijer offers free WiFi at stores in Midwest

Grand Rapids, Mich.-based retailer Meijer Inc. now has free WiFi in all its Midwest stores – including northeast Indiana locations.

The retailer made the announcement Tuesday in a news release saying it hopes to make it easier for customers to access their “mPerks” accounts and the Meijer mobile app, freeing up their smartphone data plans for other uses.

Customers can use their mobile devices to view and clip digital coupons with the mPerks program, browse sale items and find products on a store map.

Verizon buys Intel unit for mobile TV growth

Someday, the full lineup of channels from Verizon’s FiOS TV service may be available on your phone.

That’s the vision outlined Tuesday after telecommunications giant Verizon Communications Inc. announced that it’s buying Intel Media, a division of Intel Corp. that’s been preparing to launch a service that streams TV channels over the Internet.

Verizon said the acquisition will help it accelerate the development of a next-generation video service based on Internet protocols and reduce the cost of building its own. Currently, Verizon FiOS video subscribers can stream some live channels.

Brisk Rx sales help boost J&Js profit

Surging sales of Johnson & Johnson’s prescription medicines and the rebound of its recall-plagued consumer health business lifted fourth-quarter profit 19 percent.

The health care giant also enjoyed a $707 million tax benefit from writing off money-losing subsidiary Scios.

The maker of baby shampoo and biological drugs said Tuesday that fourth-quarter net income was $3.52 billion, or $1.23 per share, up from $2.57 billion, or 91 cents per share, a year earlier.

Peoples Bancorp earnings up 12%

Peoples Bancorp on Tuesday reported first fiscal quarter earnings of $760,012, or 33 cents per diluted common share, a 12 percent increase from the $677,910, or 28 cents a share, posted for the prior year’s first fiscal quarter.

The Auburn-based holding company for Peoples Federal Savings Bank follows a fiscal calendar that ends Sept. 30.

Advertisement