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.


53° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

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

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Tuesday Afternoon Business Brief

January 21, 2014, 1:43 PM

Tuesday Afternoon Business Brief

Stocks remain mixed as investors assess the latest round of corporate earnings. Verizon, Johnson & Johnson and Goldman Sachs are among the losers in the Dow, while materials companies have been among the gainers, led by Dow Chemical and Alcoa. The Dow was off about 50 points in afternoon trading, while the broader indexes are modestly higher.

  • Shares of Dow Chemical are up 6 percent after a hedge fund acquired a stake in the company. Third Point LLC says it wants Dow to spin off its petrochemicals division. Dow says it welcomes constructive input, but maintains its investments have yielded value for shareholders and will continue to do so.
  • A survey of the world's corporate leaders finds them "gradually switching from survival mode to growth mode." PricewaterhouseCoopers says the CEOs it surveyed are more confident in the global economy, though generating growth is "getting increasingly complicated" amid new regulations introduced since the financial crisis exploded in 2008.
  • Bombardier is laying off about 1,700 employees and contractors at its facilities in the United States and Canada. That number includes 550 people in the company's Learjet facility in Wichita, Kansas. Bombardier says the Wichita layoffs include 200 contractors who left the company in December after their contracts expired and were not renewed. Bombardier blames persistently challenging market conditions for light aircraft.
  • Fiat says it has completed its acquisition of Chrysler. The Italian carmaker has been running Chrysler since 2009, but lacked full control until Fiat-Chrysler CEO Sergio Marchionne struck a hard-fought deal with a union-controlled trust fund. The deal makes Chrysler a wholly-owned subsidiary of Fiat.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Millions Of Android Phones At Risk For Heartbleed

4/15/2014 4:10 PM

If you've got an Android phone, your device could be susceptible to the Heartbleed security problem.

Full Story
Shrimp Prices Soar

4/16/2014 11:00 AM

The next time you order shrimp scampi of the menu, you may be in for sticker shock. 

Full Story
Headliners For JazzFest Announced

4/17/2014 10:54 AM

Plans are in place for JazzFest 2014 in Sioux Falls.

Full Story
Key Unlocks Gas Pumps For ID Thieves

4/14/2014 10:10 PM

Drivers who've fueled up in Rapid City are being warned that their debit and credit card numbers may have been stolen after "numerous" s...

Full Story | Watch
Harrisburg Sports Complex Nearly Complete

4/16/2014 7:15 AM

Perfect Practice Sports Academy is much bigger on the inside than what it looks like from the front doors. Soon, athletes of all a...

Full Story | Watch


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED