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.


64° 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!

 

Monday Afternoon Business Brief

January 6, 2014, 2:23 PM

Monday Afternoon Business Brief

Stocks appear to be regaining some of the ground lost this morning, as traders assess a couple of economic reports pointing in different directions. The Institute for Supply Management says its service-sector index dropped to 53 last month, though that still indicates growth. Meanwhile, the Commerce Department reports factory orders climbed in November, led by a surge in aircraft demand and businesses investing in machinery, computers and other long-lasting goods.

  • Men's Wearhouse is raising its offer for Jos. A. Bank Clothiers and taking the bid directly to its rival's shareholders. Jos. A. Bank says it is reviewing the $1.61 billion offer, or $57.50 per share, and will make a recommendation to shareholders by Jan. 17.  While each chain has rejected offers from the other, analysts say a combination of Men's Wearhouse and Jos. A. Bank appears inevitable.
  • AT&T says it's setting up a "1-800" service for wireless data. Websites that pay for the service will be toll-free for AT&T's wireless customers, meaning the traffic won't count against a surfer's monthly allotment of data. AT&T is the first major cellphone company to create a comprehensive service for sponsored wireless access in the U.S.
  • Microsoft says it has sold more than 3 million Xbox Ones. Microsoft says demand for the video game console has been strong since its November launch, selling out in many stores throughout the holidays.
  • Boeing says it delivered a record 648 planes last year, including 65 of its 787s. Battery problems halted work on the 787 for four months in 2013, but Boeing was able to step up the pace once deliveries resumed in May. It handed over 25 of the jets during the final quarter of last year. The total put Boeing ahead of Europe's Airbus, which has said it expected to deliver about 600 jets for the year.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

Full Story
Deciding When To Collect Social Security

7/22/2014 10:10 PM

78 million Baby Boomers are retiring or preparing to retire.  The question they all face is when to draw their Social Security benefits. 

Full Story | Watch


Events