Anthony Wayne Vending on Monday announced plans to invest $200,000 and add three jobs as it builds a new warehouse on the former Fort Wayne Foundry lot on Lima Road.
The 34-year-old local company, which employs 29, offers various vending machine services.
The 11,250-square-foot building is expected to be completed in July. The new positions will be for delivery, maintenance and management. The project will allow Anthony Wayne to add a new product line, grow its client base and increase efficiency. The company is at 530 Wolfe Drive, east of Lima Road.
The Fort Wayne City Council will consider a 10-year property tax abatement with savings estimated at $30,080, according to a written statement distributed by the Fort Wayne-Allen County Economic Development Alliance.
Home sales rebound 23% in Fort Wayne
In January, 356 homes were sold in the Fort Wayne area, up 23 percent from 289 in January 2011, based on data the Upstate Alliance of Realtors released Monday. The group covers Adams, Allen, DeKalb, Huntington, Noble, Wells and Whitley counties.
Last months average sale price increased about 1 percent to $102,216, compared with $101,394 in January 2011.
In 2011, the region saw a 1.4 percent sales increase with 5,889 houses sold, compared with 5,805 in 2010. The average sale price was flat at $114,646.
Greenlawn Memorial to add funeral parlor
A $2 million investment by a Fort Wayne cemetery to build an adjacent funeral home aims to provide convenience and a less stressful experience for the bereaved.
Officials at Greenlawn Memorial Park, 6600 Covington Road, will host a groundbreaking at 11 a.m. Friday as crews prepare to build an 8,500-square-foot funeral parlor. Thomas Pehlke, general manager of Greenlawn Memorial Park & Funeral Home, said the facility will feature seating for 156 people, a family lounge, two chapels, a full-service hospitality room and digital equipment for presentations.
The development, set for completion by late summer, will create five to seven jobs, he said.
Oil at 9-month high after Iran cuts supply
Oil prices jumped to a nine-month high above $105 a barrel on Monday after Iran said it halted crude exports to Britain and France in an escalation of a dispute over the Middle Eastern countrys nuclear program.
By Monday afternoon, benchmark March crude was up $2.02 to $105.26 a barrel in electronic trading on the New York Mercantile Exchange, the highest since May. The contract rose 93 cents to settle at $103.24 a barrel in New York on Friday.
Irans announcement will likely have minimal effect on supplies, analysts said.
BP deal on oil spill possible this week
BP Plc, operator of the Macondo well that caused the U.S.s worst oil spill, may reach a settlement for the disaster this week after a partner agreed on fines, an Oppenheimer & Co. analyst said.
Mitsui & Co.s MOEX Offshore 2007 LLC will pay $90 million to the U.S. and five states to settle pollution violations related to 2010 spill. The settlement suggests that BP would pay $585 million for violations, less than 20 percent of what the company provisioned, an analyst said.