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!

 

Monday Afternoon Business Brief

July 7, 2014, 11:35 AM

Monday Afternoon Business Brief
NEW YORK -

Stocks are lower in morning trading as investors look ahead to corporate earnings this week. The Dow closed above 17,000 for the first time Thursday, following a surprisingly strong June jobs report. While lower, the Dow remains above 17,000. The S&P 500 and the Nasdaq composite are down too.

  • "We're pretty stoked." That's what an investor in Top Shelf Cannabis told The Associated Press in the wee hours of the morning, after receiving an email from Washington state granting his business a license to start selling marijuana tomorrow. The state Liquor Control Board has issued licenses to two dozen stores so far.
     
  • Archer Daniels Midland is paying about $3 billion to buy a privately held Swiss company. Wild Flavors supplies natural ingredients to the food and beverage industry. ADM says the deal expands its ability to serve the evolving needs of its customers. ADM's main business is processing corn, soybeans and other crops for everything from animal feed to ethanol.
     
  • Shares of BioDelivery Sciences International are surging after the drug developer said its treatment for severe pain fared better than a placebo in another late-stage study. The company says the trial triggered another $10 million milestone payment from Endo International, which has a licensing agreement with BioDelivery. BioDelivery's stock is up more than 14 percent in morning trading.
     
  • Investors will get a sense of how corporate profits are faring as earnings season kicks off tomorrow. Aluminum mining giant Alcoa reports its quarterly financial results after the market closes tomorrow.

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