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.


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.
 Winter Storm for January 31-February 1, 2015

Snow Outlook

Severe Weather

State Radar


Click here for local closings & delays

Send photos to ushare@keloland.com

Storm Center Update

 

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Monday Afternoon Business Brief

June 9, 2014, 2:31 PM

Monday Afternoon Business Brief
  • Stocks are drifting between slight gains and losses in afternoon trading on Wall Street. The market has been on a steady climb for three weeks running, pulling the S&P 500 up 4 percent in a month. On Friday, the S&P 500 index notched its latest record high, its eighth in 10 trading days.
  • Meat producer Tyson Foods has won a bidding war for Hillshire Brands, the maker of Jimmy Dean sausages and Ball Park hot dogs, with a $63 per share offer. Both Tyson and Pilgrim's Pride had been bidding for Hillshire Brands. The deal is contingent on Hillshire Brands terminating its agreement to buy Pinnacle Foods, which makes Birds Eye frozen vegetables and Wish-Bone salad dressings.
  • Lawsuits alleging that General Motors cars lost value because of ignition switch recalls will be heard in a New York City federal court. A panel on multi-district litigation says New York is the best place to hear the cases because GM's 2009 bankruptcy case was there. The panel says it knows of 74 lawsuits in 31 federal courts. They allege that the older small cars dropped in value after the ignition switch recalls were announced starting in February. GM has admitted knowing about the problem for at least a decade.
  • The Supreme Court says BP must continue paying claims from a fund established after the 2010 Gulf of Mexico oil spill while the company appeals terms of its settlement with some businesses. The justices on Monday let stand without comment lower court refusals to halt payments while BP appeals the rulings that businesses don't have to prove they were directly harmed by the spill to collect money.
  • The Supreme Court says bankruptcy courts have limited authority to rule on disputes outside the traditional bankruptcy process. The justices ruled unanimously today that a Washington state bankruptcy court did not exceed its powers when it considered a lawsuit claiming the Bellingham Insurance Agency had wrongfully transferred assets to the another insurance company shortly before declaring bankruptcy. The high court says a bankruptcy court can rule on non-bankruptcy matters as long as a federal district court reviews those findings.

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
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
Automakers Recall More Than 2M Vehicles For Faulty Air Bags

1/31/2015 11:43 AM

More than 2 million Toyota, Chrysler and Honda vehicles are being recalled for a second fix for faulty air bags that may inadvertently inflate while t...

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
Five Ways Unmanned Drones Could Affect The American Food Supply

1/25/2015 5:38 PM

Herding cattle. Counting fish. Taking an animal's temperature. Applying pesticides.

Full Story


Events