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.


59° 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 21, 2014, 2:17 PM

Monday Afternoon Business Brief

The stock market has been drifting lower today. The attention of investors is still focused partly on the tensions between Russia and the West over the downed plane in Ukraine. Jack Ablin of BMO Private Bank in Chicago says the earnings reports are "coming through quite nicely," but that "geopolitics trump earnings today."

  • U.S. airlines have been adding jobs for six straight months, though the gains aren't big ones. The Department of Transportation says the nation's passenger airlines had the equivalent of 385,000 full-time workers in May, up 1.1 percent from May 2013. That's the highest level since September 2012. Delta, American, US Airways and JetBlue added jobs while United shrunk 2.5 percent and Southwest slipped by 0.3 percent.
     
  • Hasbro reports profit that decreased by 8.2 percent in its second quarter, missing analysts' expectations. Hasbro says net income decreased to $33.5 million, or 26 cents per share, from $36.5 million, or 28 cents per share, in the same quarter a year ago. The company says revenue rose 8.2 percent to $829.3 million from $766.3 million in the same quarter a year earlier, and missed Wall Street forecasts.
     
  • Toy company Mattel is ramping up its efforts to bring Thomas & Friends products to consumers, rolling out a new direct-to-consumer catalog and website. Mattel Inc. said today that it is also teaming with 20 independent specialty retail stores to sell the Thomas & Friends Wooden Railway goods. Toys R Us will serve as the exclusive national chain.
     
  • Six Flags reports earnings that climbed by 40 percent in its second quarter. The results match analysts' expectations. The Grand Prairie, Texas-based company says earnings rose to $66.3 million, or 67 cents per share, from $47.4 million, or 47 cents per share, in the same quarter a year ago. Revenue increased 3.5 percent to $376.6 million from $363.7 million, in the same quarter a year ago, and missed Wall Street forecasts. Six Flags shares have climbed $4.18, to $41 since the beginning of the year.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Wild Bat Found At Great Plains Zoo Tests Positive For Rabies

6/26/2015 11:19 AM

The Great Plains Zoo is warning visitors after a bat found on a sidewalk there tested positive for rabies.

Full Story
Presidential Proposal Would Expand Overtime Pay

6/30/2015 7:08 AM

Obama is unveiling a proposal to require overtime pay for workers who earn up to $970 per week, up from the current $455 threshold.

Full Story
Moe's Southwest Grill Selects Sioux Falls Location

6/29/2015 12:41 PM

You will soon have a new option for chips and salsa, salads and tacos in Sioux Falls.

Full Story
Speed Limit Dropping To 75 MPH Along Stretch Of I-90

6/26/2015 1:53 PM

Starting next week, drivers on Interstate 90 will have to slow down from the Wyoming border to just west of Exit 55 in Rapid City.

Full Story
$8 Million Renovation Planned For DM&E Downtown Building

6/25/2015 10:37 AM

An old railroad office building at 140 N. Phillips that has sat vacant for the last few years in downtown Sioux Falls is getting a new lease...

Full Story


Events