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.


39° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Winter weather returns early this week.  Storm Center Update

 

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Monday Morning Business Brief

May 19, 2014, 6:00 AM

Monday Morning Business Brief
NEW YORK -

Stocks are trading near record highs as the week begins, following a week in which the S&P 500 notched two all-time-high closing levels in a row. Stocks began the day Friday with gains, reversed course, and then turned back up to make minor gains. The S&P 500 index gained 7.01 points, or 0.4 percent, to close at 1,877.86. The Dow Jones industrial average rose 44.50 points, or 0.3 percent, to end at 16,491.31. The Nasdaq composite index rose 21.30 points, or 0.5 percent, to finish at 4,090.59. Futures point to a lower opening.

  • International stock markets are mostly lower today after China reported a weak increase in housing prices. Benchmark crude oil rose to remain above $102 a barrel. The dollar gained against the yen and fell against the euro.
     
  • U.S. drugmaker Pfizer has again been spurned by AstraZeneca which rejected an improved $119 billion takeover offer from the No. 2 drug company today. The British-based firm says it's confident it can succeed on its own. AstraZeneca shares fell after the decision. Investors think the protracted and increasingly bitter takeover saga is now over. Pfizer has said it hopes AstraZeneca's shareholders will push for a deal.
     
  • Deutsche Bank AG says raising 8 billion euros ($11 billion) in new capital from investors will strengthen its finances as it faces tighter regulation and uncertain costs from litigation. Co-CEO Anshu Jain tells analysts that the fresh capital will help meet "unforeseen challenges" and that it's "impossible to quantify" the additional demands regulators may place on banks as regulatory efforts continue.
     
  • President Barack Obama acts this week to draw new attention to the effort to attract foreign business to the U.S. Obama will convene business leaders tomorrow at the White House to advertise success stories in the face of continuing public anxieties over jobs and the economy. There are still concerns, meanwhile, about U.S. companies heading overseas.

Previous Story

Next Story




Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

National Attention For Sioux Falls Bakery

12/15/2014 9:56 AM

A Sioux Falls bakery is getting more national recognition.  CH Patisserie has been named one of the top 75 bakeries in the nation by The Daily Me...

Full Story
Cliff Hangers Gallery Closes; Customers Want Items Back

12/15/2014 10:10 PM

For more than two decades, Cliff Hangers Gallery has been a fixture in Sioux Falls.  A couple of years ago, the business moved from Park Ridge Ga...

Full Story | Watch
What Will Cost More/Less In 2015

12/16/2014 1:36 PM

Industry experts say gasoline prices will continue to fall in 2015, but other prices are expected to rise.

Full Story
Denny Sanford To Donate $25 Million For Scholarship Program

12/16/2014 4:30 PM

Philanthropist T. Denny Sanford is donating $25 million to South Dakota for a scholarship program for the state's technical schools.&nbs...

Full Story
Denny Sanford's Multi-Million Solution To Worker Shortage

12/16/2014 10:04 PM

Sanford's money provides half of the funds for a $50 million scholarship program at the state's technical schools to train workers to fill job...

Full Story | Watch


Events