User uShare 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




[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Saturday Business Brief

February 1, 2014, 3:17 PM

Saturday Business Brief

NEW YORK (AP) - No stock market can go straight up forever. And many investors expect 2014 to be more muddled and volatile than 2013. They were hit from all sides in January. Concerns about company earnings and the global economy led the Dow to its worst start since 2009. It slid 5.3 percent in January while the S&P 500 fell 3.6 percent and the Nasdaq declined 1.7 percent.

  • Oil prices are down. Benchmark crude for March delivery fell 74 cents to close at $97.49 a barrel yesterday in New York. The price of gasoline is also down. Triple-A says wintry weather is keeping drivers off the road, lowering fuel demand and suppressing prices.  The average price for a gallon of gas fell 4 cents this month to $3.28. But prices for heating fuels have risen.
  • The government is reviewing the safety of popular testosterone drugs for men in light of recent studies suggesting they can increase the risk of heart attack, stroke and death. The Food and Drug Administration says it's evaluating the data but hasn't reached a conclusion. Prescriptions for the hormone are up more than five-fold in recent years, with sales over $1.6 billion.
  • IBM's CEO and the rest of her senior management team are relinquishing their 2013 bonuses as penance for the technology company's lackluster performance last year. The decision will result in a substantial pay cut for the affected executives, whose annual bonuses often exceed their salaries. As CEO, Virginia Rometty will be the hardest hit.
  • A Los Angeles suburb is spicing up its lawsuit against a hot-sauce manufacturer it claims polluted the air with pungent smells. An attorney representing Irwindale tells City News Service the city will add a breach-of-contract claim to its nuisance suit. He says it will allege the owner failed to comply with certain operating conditions, including not emitting foul odors.

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