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

  • Column: OPEC swamps crude-oil prices
    Crude-oil prices collapsed to a four-year low on Thanksgiving Day, dropping as low as $67.75 per barrel after the Organization of the Petroleum Exporting Countries decided to leave production targets unchanged at its most recent meeting.
  • Who's in charge of Black Friday?
    What about those store managers in charge of making sure merchandise is on the shelves? The Journal Gazette spent some time with a Meijer store director on Friday to get a glimpse into his Black Friday.
  • Oil plunge a panacea for crude-reliant Asia
    A renewed plunge in oil prices is a worrying sign of weakness in the global economy that could shake governments dependent on oil revenues. It is also a panacea as pump prices fall, giving individuals more disposable income and lowering costs for
Advertisement
Briefs

Dreamliner judged safe after review

Boeing’s design and manufacture of its cutting-edge 787 jetliner is safe despite the many problems encountered since the plane’s rollout, according to a report issued jointly Wednesday by the Federal Aviation Administration and the aircraft maker.

The review concluded that the Dreamliner is soundly designed, meets its intended safety level and that the manufacturer and the FAA had effective processes in place to identify and correct issues that emerged before and after certification.

FAA Administrator Michael Huerta asked for the review after a lithium-ion battery caught fire on a 787 parked at Logan International Airport in Boston.

JPMorgan selling commodities unit

JPMorgan said Wednesday that it is selling its physical commodities business for $3.5 billion, after new regulations crimped its ability to control power plants, warehouses and oil refineries.

If approved by regulators, the deal would put the commodities business in the hands of energy and commodities trading company Mercuria Energy Group.

No boost for Cheerios after ingredients shift

Plain old Cheerios are no longer made with genetically modified ingredients, but the switch hasn’t yet translated to a boost in sales.

General Mills announced in January that it would start making its plain Cheerios without GMOs, or genetically modified organisms.

The move came after a campaign by the group Green America, which prompted fans to express their support.

On Wednesday, CEO Ken Powell said the company hasn’t detected a sales lift.

Advertisement