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.


57° 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.

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

Historic Sioux Falls Building For Sale

9/15/2014 4:24 PM

The Carpenter Building on South Phillips Avenue in Sioux Falls is for sale for $4.2 million.

Full Story
Good Samaritan Society Responds To Changes In Industry

9/11/2014 10:05 PM

The largest non-profit senior care and services organization in the U.S is located right here in Sioux Falls, and like all branches of health care is ...

Full Story | Watch
Sioux Falls Named 41st In Best Small To Midsize Cities List

9/15/2014 1:43 PM

Sioux Falls comes in at number 41 on Livability.com's list of the nation's best small to midsized cities.

Full Story
Average US 30-Year Mortgage Rate At 4.12 Percent

9/11/2014 10:27 AM

Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year.

Full Story
Unbridled Business

9/15/2014 10:10 PM

Most of us think of successful online retailers as being located in big cities.  But the truth is when your customers are on the Internet, you ca...

Full Story | Watch


Events