An Akron, Ohio-based jeweler has plans to reside in a high-profile retail area in Fort Wayne.
Jared the Galleria of Jewelry, a division of Sterling Jewelers Inc., wants to build a $1.1 million store at 4335 Coldwater Road near Glenbrook Square, according to an improvement location permit filed with the county Department of Planning Services.
The jeweler expects construction to be completed by September. Glenbrook Square owns the property.
Officials at the mall could not provide details.
Founded in 1993, Jared prides itself on revolutionizing the whole idea of how a jewelry store should operate, according to the company’s website.
The retailer does not set up shop inside shopping centers.
GM to introduce diesel Cruze in US
General Motors is following the Volkswagen playbook by bringing a diesel-powered small car from Europe to the United States.
The automaker will introduce the diesel version of the Chevrolet Cruze compact to the public Saturday at the Chicago Auto Show.
Volkswagen, which offers diesels in a number of its cars including the Jetta compact sedan, gets almost 18 percent of its sales from diesel-powered models.
Last year, the German automaker’s U.S. sales rose more than 30 percent.
We expect to beat the Jetta in terms of price, features, range, even horsepower and torque, said Gary Aultman, chief engineer for Chevrolet small cars.
With the diesel Cruze, GM will sell both performance and gas mileage. Diesel engines usually are about 30 percent more efficient than gas motors because they compress the air-fuel mixture at a higher level.
They also have more power at lower speeds, allowing faster acceleration.
The Cruze, made in Lordstown, Ohio, has been a good seller for GM.
Alcatel-Lucent boss leaving; losses mount
Alcatel-Lucent CEO Ben Verwaayen is leaving the loss-making French-U.S. telecommunications gear maker after a failed four-year bid to turn the business around.
Verwaayen said in a statement Thursday that it was clear to me that now is an appropriate moment for Alcatel-Lucent to seek new leadership.
Investors cheered the news, with shares jumping 7.7 percent in early trading.
The Dutchman’s surprise departure comes as Alcatel-Lucent reported losing$1.85 billion last year, compared with a year earlier.
No details on Verwaayen’s replacement were provided. He has agreed to stay on as caretaker until a successor can be found.
Alcatel-Lucent said it will look at candidates both internally and from outside the company.
787 battery troubles may delay jetís return
The government should reassess its safety approval of the Boeing 787 lithium-ion batteries, the nation’s top accident investigator said Thursday, casting doubt on whether the airliner’s troubles can be quickly remedied.
The National Transportation Safety Board is investigating last month’s battery fire in a Japan Airlines 787 Dreamliner while it was parked in Boston. The results contradict some of the assumptions that were made about the battery’s safety at the time the system won government approval.