User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


67° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Friday Afternoon Business Brief

June 27, 2014, 1:14 PM

Friday Afternoon Business Brief

NEW YORK (AP) - The stock market appears on track for a weekly loss, with the Dow and the S&P 500 pulling back from the record levels they set last week. Both are edging lower in morning trading, while the Nasdaq has been flat.

  • DuPont is dragging down the blue chips this morning. Last night, DuPoint cut its profit forecast, citing weaker sales of corn seeds in the second quarter and a larger than expected write down of its seed inventory. The company says herbicide sales and lower prices for refrigerants are also hurting business. DuPont shares were off 4 percent in morning trading, the biggest drop among the Dow 30.
     
  • Ukraine's new president has signed a trade and economic pact with the European Union. President Petro Poroshenko calls it "maybe the most important day" for Ukraine since its independence from the Soviet Union in 1991. It's the same agreement that Poroshenko's predecessor backed out of last November, setting off the bloody protests that toppled the government. Russia is warning that there will be "serious consequences" to Kiev for signing.
     
  • Russia's state-controlled gas company says it could limit supplies to European customers that intend to re-sell the natural gas on to Ukraine. Gazprom's CEO says the company is closely monitoring the situation and may curb shipments to European nations that would pump the Russian gas to Ukraine in the so-called reverse supplies. Gazprom cut gas shipments to Ukraine this month amid a debt and pricing dispute. Supplies to Europe via Ukraine and other pipelines haven't been affected, however.
     
  • Another Atlantic City casino is going under. Caesars Entertainment tells The Associated Press its Showboat Casino Hotel will shut down on Aug. 31, and with it the company's House Of Blues concert venue. The Mardi Gras-themed Showboat is the second Atlantic City casino to close this year, leaving the nation's third-largest gambling market with 10 operating gaming halls.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Former Sioux Falls Executive Investigated For Animal Abuse

8/28/2014 4:15 PM

A former Hot Stuff/Orion Foods President is being investigated for dog abuse in Canada.

Full Story
Westward Ho Country Club Changes Name

8/28/2014 12:56 PM

The Westward Ho Country club in Sioux Falls is changing its name to The Country Club of Sioux Falls.  Members were notified of the change on Thur...

Full Story
Cattle Spooked By LifeLight Noise

8/30/2014 3:58 PM

Farmers say the annual music event is louder this year, and it's causing some problems with their cattle.

Full Story
Sanford And First PREMIER Bank Hosting Concert For Employees

8/29/2014 11:30 AM

Employees from two Sioux Falls employers have an opportunity to see a private concert with two country headliners at the Denny Sanford PREMIER Center.

Full Story
Kraft Recalls American Cheese Singles

9/1/2014 3:59 PM

Before you pack those Kraft American Singles in your child's lunch, you'll want to check the date on the package.

Full Story


Events