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.


75° 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!

 

Saturday Business Brief

January 18, 2014, 5:09 PM

Saturday Business Brief

NEW YORK (AP) - The stock market is still a little shaky early in 2014. Investors weren't impressed with the earnings news from some big U.S. companies yesterday. The S&P 500 slipped seven points. The Nasdaq fell 21. The Dow rose 41 1/2 points, but without American Express and Visa, it would have ended the day down. The market is closed Monday for Martin Luther King Jr. holiday.

  • Signs of rising demand in the U.S. are driving oil prices higher. Oil finished the week up 2 percent. On Friday, benchmark crude for February delivery rose 41 cents to close at $94.37 in New York. At the gas pump, the average retail price for a gallon of regular fell less than a penny to $3.30. That's a penny less than a week ago and a penny more than a year ago.
     
  • Men's clothing retailer Joseph A. Bank Is rejecting the latest takeover bid from rival Men's Wearhouse. Jos. A.  Bank says the $1.61 billion offer is still too low and not in the best interest of shareholders. Men's Wearhouse says it plans to take the deal to directly to shareholders. Jos. A. Bank is urging shareholders to reject it, saying it significantly undervalues the firm's potential.
     
  • The government is closing its investigation into older-model Jeeps with fuel tanks that could rupture and cause fires. The National Highway Traffic Safety Administration asked Chrysler to recall 2.7 million Jeeps last summer. Chrysler agreed to recall a little more than half of them and install trailer hitches to protect the tanks. NHTSA says it has no concerns about the recall plans.
     
  • It's the first U.S. bank failure of 2014 following 24 closures last year. The Federal Deposit Insurance Corp. has taken over DuPage National Bank, based in West Chicago, Ill. The bank had about $61.7 million in assets and $59.6 million in deposits. Republic Bank of Chicago agreed to pay the FDIC a premium of 1.20 percent to assume the closed bank's deposits.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Woman Stands Up to Cyber Bullies After Man Calls Her 'Too Muscular'

8/26/2015 5:05 PM

A woman who builds up her body has a message for cyber bullies who tear others down.

Full Story | Watch
Sioux Falls Businesses Flooded

8/28/2015 6:00 PM

Homeowners aren't the only ones cleaning up flood water.  Many businesses were also flooded out in Thursday night's storm.  In fact,...

Full Story | Watch
Former School For The Deaf Campus Has New Buyer

8/27/2015 4:50 PM

A historic piece of property on East 10th Street in Sioux Falls has a new owner.

Full Story
Brown County Commission To Look For New Fair Manager

8/25/2015 12:15 PM

The Brown County Fair Manager has been let go.

Full Story
Casino Going In To 85th And Louise Strip Mall

8/27/2015 11:41 AM

A casino is the first signed tenant for Raintree On Louise at 85th Street and Louise Avenue.

Full Story


Events