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.


56° 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

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
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
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
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
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story


Events