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.


68° 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

March 31, 2014, 4:53 PM

Monday Evening Business Brief

Stocks have closed the first quarter of 2014 with a gain. The Dow rose 134 points today, to finish at 16,457, while the Nasdaq added 43 points. It finished at 4,199. The S&P 500 added 14 points to close at 1,872. It gained 1.3 percent for the quarter. Remarks by Fed Chair Janet Yellen gave the market a boost. Speaking in Chicago, Yellen said the U.S. job market will continue to need the help of low interest rates "for some time."

  • Sen. Carl Levin is accusing Caterpillar of using an aggressive tax strategy to shift profits overseas and avoid paying billions in U.S. taxes. The Michigan Democrat chairs the Senate Permanent Subcommittee on Investigations. A report from the committee's Democratic staff says Caterpillar has avoided paying $2.4 billion in U.S. taxes since 2000. However, the report does not accuse the manufacturer of breaking the law. Caterpillar says it pays an effective income tax rate of 29 percent.
  • General Motors is recalling 1.5 million vehicles because the electronic power-steering assist can suddenly stop working. Included in the recall are the Chevrolet Malibu, Malibu Maxx, Chevrolet HHR, Saturn Aura, Saturn Ion and Pontiac G6. Model years vary, but all of the vehicles are from the 2010 model year or earlier. The new recall brings to 6.3 million the number of vehicles GM has recalled since February.
  • The Obama White House says it's taking a new report from a U.N. scientific panel as a call for action on global warming. The report says recent disasters including killer heat waves in Europe, wildfires in the United States and droughts in Australia highlight how vulnerable humanity is to extreme weather. Secretary of State John Kerry says the report shows that "the costs of inaction are catastrophic."
  • Exxon Mobil says global policies to combat climate change won't be strict enough to stop the company from selling all of the oil and gas it has found - and all that it expects to find in the foreseeable future. In a report to shareholders, Exxon Mobil acknowledges the need to adopt policies to address climate change but concludes that the fuels are too important for global economic development for drastic change.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Two KELOLAND Target Stores Now Open Extended Hours

8/19/2014 12:16 PM

Night owls who enjoy shopping at Target will soon have a few more hours to browse the shelves.

Full Story
SF Food Scene Gets Some National Attention

8/15/2014 8:14 PM

Sioux Falls' local flavor is getting national attention.

Full Story
Raven Balloons In Demand By Google

8/20/2014 9:10 AM

Raven Industries reports that sales for the second quarter are up to $94.5 million from $93.4 million the same time last year, due in part to Google&#...

Full Story
Sioux Falls Store Included In UPS Breach

8/21/2014 1:53 PM

If you used a credit or debit card at a UPS Store in the last seven months, some of your personal information could be a risk.  

Full Story
New CEO Of Idled Aberdeen Beef Plant Optimistic

8/17/2014 3:45 PM

The new CEO of a beef plant that has sat idle in Aberdeen since 2012 is optimistic about the facility's future.

Full Story


Events