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.

57° 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!


Tuesday Afternoon Business Brief

March 25, 2014, 1:32 PM

Tuesday Afternoon Business Brief

Stocks are moving higher today. Investors are assessing the health of the economy and company earnings, shrugging off a two-day decline. The Dow Jones industrial average gained 0.8 percent, while the S&P 500 rose 0.5 percent. The Nasdaq composite rose 0.3 percent. The stock market has struggled to advance this year after a series of economic reports suggested the economy is slowing. A report released today shows fewer people bought homes in February, but another report indicates consumer confidence has risen to the highest level in six years.

  • The Supreme Court seems divided over whether employers' religious beliefs can free them from a part of the new health care law requiring them to prove birth control coverage for employees at no extra charge. The Obama administration and its supporters say a Supreme Court ruling in favor of the family-owned businesses pressing the case also could undermine laws governing immunizations, Social Security taxes and minimum wages.
  • The Coast Guard has authorized two vessels to move through the Houston Ship Channel as a test to see whether it can re-open to traffic after an oil spill.  Coast Guard Lt. Sam Danus says the Carnival Magic cruise ship and a boat operated by the Houston Pilots association are sailing out of South Texas into Galveston Bay, four days after a barge spilled as much as 170,000 gallons of oil. Cleanup is underway.
  • Cruise ships with patterns of safety problems will be subject to unannounced Coast Guard inspections at U.S. ports. Coast Guard officers described the new program today at the National Transportation Safety Board's first forum on cruise ship safety. The hearing follows last year's fire aboard the Carnival Triumph that left the ship adrift for days in the Gulf of Mexico. Some 3,000 passengers onboard had to cope with squalid conditions. In 2012, the Costa Concordia ship capsized off Italy, killing 32 people.
  • An investment fund is taking issue with Coca-Cola's pay plan for management, saying it's particularly excessive in light of the beverage maker's slowing growth. Wintergreen Advisers' CEO Dave Winters sent a letter to Coca-Cola's board members noting the equity plan would transfer roughly $13 billion shares at the current stock price to management over the next four years. Winters sent a similar letter longtime shareholder Warren Buffet, urging him to vote against the plan. Coca-Cola Co. says Winters is misinformed.

Previous Story

Next Story

Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
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
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
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Deciding When To Collect Social Security

7/22/2014 10:10 PM

78 million Baby Boomers are retiring or preparing to retire.  The question they all face is when to draw their Social Security benefits. 

Full Story | Watch