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.


21° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Friday Afternoon Business Brief

August 15, 2014, 1:56 PM

Friday Afternoon Business Brief

NEW YORK (AP) - Stocks were headed higher this morning, but reports of renewed fighting in Ukraine have sent the main indexes down sharply in afternoon trading. The Dow has fallen as much as 125 points from yesterday's close, while the broader indexes have seen similar drops. John Canally at LPL Financial notes that the dispute between Russia and Ukraine has followed a pattern of worrying headlines followed by soothing speeches. But he adds, any trader "who doesn't want to lose their job over the weekend sells first and asks questions later."

  • Shares of Monster Beverage have soared following news that Coca-Cola plans to pay $2 billion for a stake in the maker of caffeinated drinks. The deal comes as Coca-Cola's flagship soda business is flagging and "energy drinks" have become popular. Monster shares are up close to 30 percent this afternoon.
  • The Treasury Department reports foreign buyers of U.S. securities increased their holdings 0.6 percent in June, topping $6 trillion for the first time. The increase came despite the fact that the two biggest foreign owners, China and Japan, reduced their holdings. Belgium, Brazil and Taiwan were among the countries buying more.
  • SeaWorld is planning to build new, larger environments for killer whales at its theme parks. It's also pledging to fund additional research on the animals along with programs to protect ocean health and whales in the wild. SeaWorld's business has been hurt by negative publicity surrounding its killer whales, including a documentary that suggested that captivity and SeaWorld's treatment of the whales provokes violent behavior.
  • Drug makers and academic laboratories are going beyond standard techniques in the push to develop a treatment for the Ebola virus that's killed more than 1,000 people in West Africa. Researchers working on the experimental drug ZMapp have been using tobacco plants to produce proteins designed to deactivate the virus and kill cells infected with Ebola. Scientists are also using plants to develop medicines and vaccines against HIV, cancer, norovirus and the deadly Marburg virus, which is related to Ebola.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Website Ranks The 25 Best Jobs For 2015

1/28/2015 5:12 AM

Physician assistants topped the list, which has an average base salary of $111,376.

Full Story
Rock Stars To Celebrate Pawn Shop Ground Breaking

1/23/2015 11:15 AM

Bret Michaels and Lita Ford will perform at the District on Wednesday, Jan. 28 to celebrate the ground breaking of Badlands Pawn.

Full Story
Long John Silver's Building To Become Taco Shop

1/23/2015 4:00 PM

The former Long John Silver's on Minnesota Avenue is going to become a Mexican fast food restaurant.  

Full Story
Refinery Issues Lead To Higher SD Gas Prices

1/27/2015 11:10 AM

For the first time in months, South Dakota's average gas price rose last week.  According to a AAA report, the increase is due to a series of...

Full Story
Proposed Egg Farm Drawing Complaints In Turner County

1/27/2015 7:30 AM

A Sioux Falls-based company hopes to more than double the number of egg-laying hens in South Dakota by opening a large chicken operation near Parker.

Full Story


Events