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.


63° 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 Evening Business Brief

January 28, 2013, 5:25 PM

Monday Evening Business Brief
  • Wall Street has paused its rally that sent the Standard & Poor's 500 index above 1,500 for the first time since December 2007. The S&P 500 closed two points lower today at 1,500. The Dow Jones industrial average fell 14 points to 13,881. The Nasdaq composite index rose four points to 3,154.
  • A watchdog says the U.S. Treasury Department disregarded its own guidelines and allowed large pay increases for executives at three firms that had received taxpayer-funded bailouts during the financial crisis. The special inspector general for the Troubled Asset Relief Program says Treasury approved 18 raises for executives at American International Group, General Motors and Ally Financial. The largest was $1 million.
  • Yahoo's fourth-quarter earnings have topped analyst estimates, as an upturn in its international investments helped end a three-year slump in revenue. The results announced today covered Yahoo's first full quarter under CEO Marissa Mayer, who was lured away from Google in mid-July.
  • Hostess has picked the maker of Little Debbie as the lead bidder to buy its Drake's cakes. According to a filing in U.S. bankruptcy court, McKee Foods has offered $27.5 million in cash for the cake brands, which include Devil Dogs, Funny Bones and Yodels. The fate of Twinkies and other Hostess cakes is still being negotiated with other bidders. The bid by McKee will set off an auction process that lets competitors make better offers.
  • Kevin Tsujihara has been named the next chief executive of the Warner Bros. studio, one of the largest producers of TV shows and movies in Hollywood. Tsujihara has been president of the studio's home entertainment division since 2005. He'll take over from Barry Meyer on March 1.

Read more business stories on the Back To Business page at KELOLAND.com.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

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
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

Full Story
New Mortgage Rules

7/16/2014 10:10 PM

This year, new mortgage rules went into effect to protect homeowners who are struggling. Potential buyers are also required to get education before en...

Full Story | Watch
First Frozen Yogurt Truck For Franchise In SD

7/17/2014 3:32 PM

People who attend JazzFest can cool down with frozen yogurt from the first Orange Leaf food truck in the nation

Full Story
Millennials Prefer Cash

7/21/2014 11:40 AM

Americans would rather put their money in the bank than make long-term investments in stocks

Full Story


Events