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Crews work to remove an old rail-truck freight depot near Harrison and Melita streets. Indiana Michigan Power plans to erect a new substation on the site just south of downtown as part of a $787 million upgrade of its facilities. (News-Sentinel photo by Kevin Leininger)
Several acres just south of downtown Fort Wayne are being cleared for a possible electric substation as part of a $787 million facilities upgrade announced by Indiana Michigan Power last week.
Dexter Axle
A maker of heavy duty and recreational vehicle axles will be adding up to 200 jobs at its Noble County plant early next year.

Dexter Axle Co.      More..
<p>Associated Press</p><p>A Federal Reserve decision to hold a key interest rate near zero is broadcast at the New York Stock Exchange in November 2010. Another Fed effort to stimulate the economy, bond buying, is ending.</p>

NEW YORK – The $4 trillion experiment is over.

The Federal Reserve announced the end of its economic stimulus, known as quantitative easing, on Wednesday.      More..

A student tries out Samsung's Gear product at a Samsung Electronics shop in Seoul, South Korea, today. Samsung Electronics Co. admitted erring in its smartphone strategy and vowed to overhaul its handset lineup after profit from those devices tumbled last quarter to the lowest in more than three years.
SEOUL, South Korea – Samsung Electronics Co. admitted erring in its smartphone strategy and vowed Thursday to overhaul its handset lineup after profit from those devices tumbled last quarter to the lowest in more than three years.      More..
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