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.


63° 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!

 

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 KELOLAND.com.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

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
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
Simply Mac Coming To Sioux Falls

7/28/2014 1:12 PM

Apple users will soon have another option for sales and service support.

Full Story
Dawley Farm Village Expands

7/25/2014 10:10 PM

If you don't live on the Sioux Falls east side, or haven't taken a drive over there lately, you may not have noticed all the new businesses.

Full Story | Watch
Sioux City Riverboat Casino Prepares For Last Day

7/30/2014 7:57 AM

The Argosy riverboat casino is preparing to take its last bets Wednesday, having told the Iowa Racing and Gaming Commission that it will close by 5 p....

Full Story


Events