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.


70° 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 14, 2014, 1:26 PM

Monday Afternoon Business Brief
  • Corporate deals are helping to lift stocks in afternoon trading. Investors are cheering Citigroup's latest earnings. The S&P 500 lost nearly one percent last week, but today it's been higher by about one half of one percent.
  • Generic drugmaker Mylan said it will buy Abbott Laboratories' generic-drug business in developed markets for $5.3 billion. The combined company will be organized in the Netherlands, which will cut its tax bill. The company will keep its headquarters near Pittsburgh.
  • An investor group that includes reality TV star Marcus Lemonis says it plans to acquire Crumbs Bake Shop out of bankruptcy. Crumbs, which filed for Chapter 11 bankruptcy reorganization Friday in New Jersey, says it's agreed to be acquired by Lemonis and Fischer Enterprises, the company behind Dippin' Dots ice cream. Lemonis is also star of CNBC's "The Profit."
  • Fitch Ratings is warning that it could lower Whirlpool Corp.'s credit rating after the appliance maker announced a plan to buy Italian rival Indesit for more than $1 billion. Whirlpool, which owns the Maytag, KitchenAid and other brands, said last week that the deal to buy Indesit will help it expand in Europe. Fitch says the acquisition will increase the company's debt. Whirlpool's credit rating would be lowered from "BBB" to "BBB-."
  • The SpaceX company has launched a rocket packed with communication satellites. The Falcon rocket blasted off today from Cape Canaveral Air Force Station. On board were six advanced satellites for the New Jersey-based Orbcomm. Eleven more of these satellites are to be launched in the coming 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
Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

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
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