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Business

  • Business leaders off to Japan
    John Sampson, president and CEO of the Northeast Indiana Regional Partnership, will lead a delegation of representatives from Fort Wayne Metals, Indiana Michigan Power and the LaGrange County Economic Development Corp.
  • Jobless rate falls to 4.9%
    The bleeding stopped last month. Unemployment in metro Fort Wayne declined to 4.
  • Atz’s shuts restaurants after ‘awful hard’ year
    Atz’s Ice Cream, which once made ice cream in Kendallville and operated two restaurants in Fort Wayne for more than 50 years, has abruptly closed its stores.
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In China, suspicion falls on Microsoft

China’s anti-monopoly agency announced an investigation Tuesday of Microsoft Corp., stepping up regulatory pressure on foreign technology companies.

The State Administration for Industry and Commerce said it opened a case in June after complaints that Microsoft improperly failed to publish all documentation for its Windows operating system and Office software.

It said investigators visited Microsoft’s China headquarters in Beijing and branches in Shanghai, Guangzhou and Cheng­du this week.

“The administration believes the previous investigation cannot eliminate that Microsoft en­gaged in monopolistic behav­ior,” the agency said on its website. “The administration has launched an investigation of Micro­soft’s monopolistic be­hav­ior.”

Microsoft said in a statement that it aims “to build products that deliver the features, security and reliability customers ex­pect, and we will address any con­cerns the government may have.”

Housing index shows price gains

The Case-Shiller index covers roughly half of U.S. homes. The index measures prices compared with those in January 2000 and creates a three-month moving average. The May figures are the latest available.

Cities in the West and South showed some of the biggest increases. Prices rose 16.9 percent in Las Vegas from a year earlier, the largest gain, followed by a 15.4 percent increase in San Francisco and 13.2 percent in Miami.

Other housing data have paint­ed a mixed picture of the real estate market.

While sales of existing homes have picked up, new home sales plummeted in June. And new home con­­struc­tion has fallen for two straight months. That could lead to fewer construction jobs.

McDonald’s boostsvendor checks

McDonald’s in Japan is increasing its checks on chicken from vendors in China and Thailand after allegations that a Chinese supplier sold expired chicken. It says the scare will hurt its earnings.

The U.S. fast-food chain’s Japan unit on Tuesday withdrew this year’s earnings and sales fore­casts, citing uncertainties from the food scandal.

The Chinese food safety agency is investigating allegations that Shanghai Husi Food Co., a McDonald’s supplier, sold expired meat. McDonald’s Ja­pan has stopped using chicken from Husi.

Waste companyto sell subsidiary

Waste Management is selling a subsidiary to Energy Capital Partners for $1.94 billion as part of its effort to focus on its core business.

It is selling Wheelabrator Tech­nologies Inc., which owns or runs 17 waste-to-energy facilities and four independent power-producing plants in the U.S.

The business also has four ash monofill landfills, three trans­fer stations and an ongoing development and construction project in the United Kingdom. Wheelabrator’s 2013 revenue to­taled about $845 million.

Waste Management Inc. said Tuesday that it will enter a long-term agreement to supply waste to certain Wheelabrator fa­cilities once the transaction is complete.

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