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.

70° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



Share your Photos, Videos, and Stories on uShare! Click here to get started.


[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Tuesday Afternoon Business Brief

January 29, 2013, 1:55 PM

Tuesday Afternoon Business Brief

Stocks have edged higher on Wall Street, pushing the Dow toward 14,000, as investors digest the latest round of earnings and economic reports. At 2 p.m. Eastern time, the Dow Jones industrial average was up 70 points at 13,952. The Standard and Poor's 500 rose 7 points to 1,507 points. But the Nasdaq composite dropped 2.52 to 3,152.

  • A federal judge has approved an agreement for BP PLC to plead guilty to manslaughter and other charges and pay a record $4 billion in criminal penalties for the company's role in the 2010 oil disaster in the Gulf of Mexico. BP agreed in November to plead guilty to charges involving 11 workers' deaths and for lying to Congress about the size of the spill from its broken well, which spewed more than 200 million gallons of oil.
  • Ford earned better-than-expected profits in 2012. Record results in North America trumped losses in Europe. Ford earned $5.66 billion for the year, down $300 million from a year ago, as a $1.75 billion loss in Europe took its toll. But Ford reported a record pretax profit of $8.3 billion in North America, where sales rose and Ford made more money on every vehicle it sold.
  • Drugmaker Pfizer Inc.'s fourth-quarter results easily beat Wall Street expectations, driving up its stock. Profit more than quadrupled due to tighter spending and a $4.8 billion gain from selling Pfizer's nutrition business. Those boosts offset competition from generic drugs hurting sales of Lipitor and other medicines. The world's biggest drugmaker says its net income was $6.32 billion, or 85 cents per share, up from $1.44 billion, or 19 cents per share, a year earlier.
  • Hostess Brands is reportedly close to announcing that it's picked two investment firms as the lead bidders for its Twinkies and other snack cakes. The firms are C. Dean Metropoulos & Co. and Apollo Global Management. After years of management turmoil and turnover, Hostess declared it was going out of business and selling its brands in November.

You can find more business news on the Back to Business page of

Previous Story

Next Story



View business

You may also like

Mitchell Superintendent Defends 'Second Job'

10/5/2015 10:02 PM

Our KELOLAND News investigation revealed some of the problems surrounding the multimillion dollar GEAR UP grant that caused the state to end its partn...

Full Story | Watch
Missing Documents On Secretary Of State Website

10/6/2015 6:05 PM

Half a million documents that are supposed to be on the South Dakota's Secretary of State website are not online.  The current Secretary Shan...

Full Story | Watch
Pepsi Perfect To Be Released October 21

10/5/2015 3:08 PM

On October 21, the same day Marty McFly traveled through time, the soda company is releasing Pepsi Perfect.

Full Story
Cupcake Baker Whips Up A Book

10/5/2015 3:35 PM

The woman who opened South Dakota's first gourmet cupcake shop has published a book.  Melissa Johnson has written, "Fingers in the Frost...

Full Story
State Waiting On Word From Feds About GEAR UP Program Future

10/6/2015 3:15 PM

Education Secretary Melody Schopp says the state is waiting for word from the U.S. Department of Education about the future of a Native American colle...

Full Story