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.


66° 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

June 16, 2014, 2:13 PM

Monday Afternoon Business Brief
  • The main stock indexes are having trouble finding direction today. The crisis in Iraq and its impact on global oil prices have been weighing on the market, while a batch of corporate merger news has provided a boost. Traders also have been bidding up homebuilder shares following a report showing a sharp improvement in builders' confidence in the housing market. The Dow, S&P 500 and the Nasdaq have all been wavering between small gains and losses.
  • Russia has stopped natural gas deliveries to Ukraine, rejecting Kiev's offer to pay some of its multibillion-dollar gas debt and demanding upfront payments for future supplies. The head of Ukraine's state gas company says the country has enough reserves to last until December, and the decision should not immediately affect the flow of Russian gas to Europe. But analysts say if issue is not resolved it could disrupt Europe's long-term supplies, as it has happened in the past.
  • A Singapore-based tire maker is planning to build a manufacturing plant in South Carolina. State officials say Giti Tire's facility in Richburg is expected to create 1,700 new jobs over the next decade. Commerce Secretary Bobby Hitt says the announcement bolsters the state's reputation as the nation's tire capital. Michelin, Bridgestone, and Continental also have announced new or expanded facilities in the past few years.
  • Level 3 Communications says it has agreed to buy TW Telecom in a deal worth about $5.6 billion. The Internet and telecommunications company says the acquisition will increase its local operations. Level 3 owns network and data centers around the world, while TW Telecom provides data and Internet and other services to businesses in the U.S. Level 3 will pay $40.86 for each outstanding share of TW Telecom.
  • Starbucks is launching a new program to help its baristas earn an online college degree. The company is working with Arizona State University to make the program available to 135,000 U.S. employees who work at least 20 hours a week. During the first two years, students will pay reduced tuition rates after factoring in a scholarship from Starbucks, ASU and other financial aid. For the junior and senior years, Starbucks will reimburse any money that workers pay out of pocket.

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