INDIANAPOLIS (WISH) – Here’s a look at Tuesday’s business headlines.
Indiana lost jobs
Indiana finished 2019 with an unemployment rate at 3.2% – the fourth month in a row it’s been at that level.
The state lost more than 3,200 jobs total in 2019. Hardest hit was the manufacturing sector, which shed 9,800 jobs. The sector with the largest share of job growth was the construction industry, while government added more jobs in Indiana last year than any other sector.
Korger stock soared in after-hours trading Friday following the disclosure that famed investor Warren Buffett’s Berkshire Hathaway has made a huge investment in the supermarket’s stock.
The move immediately gave stock in Kroger, the nation’s largest operator of traditional supermarkets, a jolt.
The investment makes Berkshire Hathaway the seventh largest owner of Kroger shares.
American Boeing 737
American Airlines extended the amount of time the 737 Max will be off its schedule, the carrier announced Friday.
American Airlines now expects the 737 Max to return to service on Aug. 18.
Like Southwest, American had said it would start flying the planes in June.
Pier 1 bankruptcy
Pier 1 Imports has filed for bankruptcy.
The struggling home furnishings retailer had just announced it will close up to 450 stores.
The company is looking for a buyer and says customers will still be able to shop online.
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