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    Forbes has ranked Fort Wayne No. 11 on its list of Opportunity Cities. The 19-city list, published Thursday, put Columbus, Ohio, at the top.
  • Alibaba stock soars 40% in massive IPO
    NEW YORK – Alibaba debuted as a publicly traded company Friday and swiftly climbed more than 40 percent in a mammoth IPO that offered eager investors seemingly unlimited potential for growth and a way to tap into the burgeoning Chinese
  • China levies record fine
    BEIJING – Drug giant Glaxo­SmithKline was fined $492 million Friday for bribing doctors in China in the biggest such penalty ever imposed by a Chinese court.

Displaced GE workers can get aid

The Indiana Department of Workforce Development announced Friday that workers of General Electric locations in Fort Wayne are eligible to receive services under the federal Trade Adjustment Assistance program.

A ruling was handed down by the U.S. Department of Labor to workers who are displaced because of foreign imports or shifts in production out of the country.

GE in late March confirmed plans to close its last two Fort Wayne operations, eliminating about nearly 90 positions in one year as it moves the work to Monterrey, Mexico. The company employs about 28 workers at a local motor testing lab and about 60 in its executive center on Coliseum Boulevard.

The TAA program provides benefits to help unemployed workers prepare for and obtain suitable employment. They may be eligible for a variety of re-employment services, job search and relocation allowances and training. In addition, weekly trade readjustment allowances may be payable to eligible workers after the exhaustion of unemployment insurance benefits.

Eligible workers may obtain information at their local WorkOne office.

New CEO takes reins at Lakeland, Lake City

Seven months after it was announced, David M. Findlay has become president and chief executive officer of Lakeland Financial Corp. and Lake City Bank.

Findlay, 52, was previously president and chief financial officer. He succeeds Michael L. Kubacki, who will continue in his role as executive chairman until the April 2016 annual meeting of shareholders.

Lisa M. O’Neill is scheduled to join the Warsaw company as executive vice president and chief financial officer April 24, officials said earlier.

In a statement this week, Findlay said he is honored to have the new responsibility. “Our entire team looks forward to our continued growth,” he said.

Agency closes probe into Ford pickup trucks

U.S. safety regulators have decided against a recall of Ford F-150 pickup trucks after investigating complaints about reduced power in EcoBoost engines.

The National Highway Traffic Safety Administration says it closed a probe started in May. It covered nearly 360,000 trucks from the 2011 through 2013 model years.

The agency received complaints that the trucks could lose power during hard acceleration.