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.

32° 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

August 5, 2014, 2:36 PM

Tuesday Afternoon Business Brief
  • Today's slide on Wall Street is worsening, with the Dow industrials down by more than 160 points in mid-afternoon trading. The losses come as traders digest some mixed corporate earnings and a weak indicator on the Chinese economy.
  • Target is lowering its forecast for its second quarter, citing the promotional discounts it had to use to attract shoppers. It now expects to earn around 78 cents per share for the quarter, excluding one-time items, down from the 85 cents to $1 per share it previously forecast. Target's reputation has been hurt since it announced in December that hackers stole millions of customers' credit- and debit-card records.
  • Gannett is spinning off its publishing business from its broadcasting and digital operations. The company is also acquiring full ownership of for $1.8 billion. It follows the Tribune Co., Time Warner Inc. and News Corp. in breaking off print media from its rapidly expanding broadcast operations.
  • Subaru is recalling some of its vehicles because the front passenger air bag inflators can rupture, causing metal fragments to fly out when deployed. The recall covers the 2003-2005 Baja, Legacy and Outback, the 2004-2005 Impreza and the 2005 Saab 9-2X made by Subaru. The recall affects only vehicles in Florida, Puerto Rico, Hawaii and the U.S. Virgin Islands, with air bag inflators made by Takata Corp.
  • Thousands of workers at the troubled New England supermarket chain Market Basket are rallying in Massachusetts to pressure management to reinstate the company's former chief executive or accept his offer to buy it. The family-owned chain has been in turmoil since June, when a board controlled by Arthur S. Demoulas fired his cousin, CEO Arthur T. Demoulas. Hundreds of warehouse workers and drivers have refused to deliver food to the chain's 71 stores for two weeks, leaving store shelves empty and sending customers elsewhere.

Previous Story

Next Story



View business

You may also like

Great Western Bank Buys Home Federal For $140M

11/30/2015 3:37 PM

The combined companies are projected to have $11.3 billion in assets, $8.5 billion in loans and $8.6 billion in deposits.

Full Story
Bison Ranch Owner By Turner Gets Permit For Feedlot Addition

11/25/2015 1:35 PM

Stanley County commissioners have approved a feedlot at a bison ranch owned by media mogul Ted Turner.

Full Story
Cyber Monday Sales Bring Down Target Website

11/30/2015 10:03 AM

Target’s website went down during Cyber Monday shopping Monday morning.

Full Story
Zuckerberg Is A Dad, And He's Giving Away Most Of His Money

12/1/2015 4:04 PM

Facebook CEO Mark Zuckerberg and his wife announced the birth of their daughter Max as well as plans to donate most of their wealth, or roughly $45 bi...

Full Story
Proposed Ethanol Plant Getting $250,000 Government Grant

11/30/2015 10:23 AM

Ringneck Energy hopes to start construction next spring and have the plant operating in a year.

Full Story