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

  • Fort Wayne ranks No. 11 on Forbes list of Opportunity Cities
    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.
Advertisement
Briefs

Nursing sites sold in Whitley

Miller's Merry Manor is buying a skilled nursing facility and an assisted living facility from Parkview Whitley Hospital, according to paperwork filed with the state by Parkview officials. The facilities are both in Columbia City. The dollar amount was not disclosed.

Parkview Oaks, 411 N. Wolf Road, and Parkview Pointe, 413 N. Wolf Road, will change ownership between Sept. 1 and 14, according to a filing with the Indiana Department of Workforce Development.

The Worker Adjustment and Retraining Notification Act requires companies planning mass firings or layoffs to notify officials at least 60 days before the effective date.

The facilities employ 52 full time. It's unclear how many of the workers Miller's Merry Manor will hire. A company spokesman couldn't be reached Thursday.

Warsaw-based Miller's employs more than 3,000 and operates more than 40 nursing homes and assisted living facilities in Indiana.

Kroger sees sales rise, boosted by acquisition

Kroger saw a 4 percent jump in first-quarter profit, and the nation's biggest supermarket raised its earnings forecast for the year.

The Cincinnati company – which also runs Scott's Food & Pharmacy, Owen's and other chains – earned $501 million, or 98 cents a share, for the quarter. That compares with $481 million, or 92 cents a share, a year ago.

Revenue jumped 10 percent to $32.96 billion, which also topped expectations partly because of a new acquisition, the grocer and pharmacy Harris Teeter.

Sales at established locations climbed 4.6 percent, excluding fuel. Those comparable-stores sales can be a key indicator of a retailer's health because it excludes volatility from locations recently opened or closed.

Kraft Foods recalls 260 cases of Velveeta

Kraft is recalling Velveeta cheese from Wal-Mart stores in as many as 12 states, mostly in the Midwest, because the cheese lacks the proper amount of preservatives.

Insufficient levels of sorbic acid has led to the recall of 260 cases of Velveeta original pasteurized recipe cheese product because it could cause the cheese to spoil prematurely or cause food-borne illnesses.

Kraft Foods Group Inc. says the cheese was sent to three Walmart distribution centers and could have been shipped to as many as 12 states: Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin.

The company says the code on the package is 021000611614.

Whitley wraps up wage, benefits poll

The Whitley County Economic Development Corp. on Thursday announced the completion of the 2014 Survey of Benefits & Report of Wages.

The report, compiled by the Community Research Institute at IPFW, is meant to serve as a resource for companies and others.

“This report provides a reference point for business owners and human resource professionals seeking information about competitive wages and benefits packages for key occupations in Whitley County,” said Ellen Cutter, director of the institute. “Understanding such information is linked to the successful recruitment and retention of employees.”

To access the survey, visit www.whitleyedc.com and click the industry tab and then go “Business Resources.”

Advertisement