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.


38° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Winter weather returns early this week.  Storm Center Update

 

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Tuesday Afternoon Business Brief

September 2, 2014, 1:44 PM

Tuesday Afternoon Business Brief
  • Stocks are mostly lower in afternoon trading, despite a pair of reports that suggest the U.S. economy is gaining strength. The Institute for Supply Management says its gauge of manufacturing in August reached the highest level since March 2011, while the Commerce Department says construction spending surged 1.8 percent in July. However, crude oil prices are down more than $2 today, pulling down shares of oil and gas companies. Energy companies are the biggest losers among the 10 sectors in the S&P 500 index.
  • Dominion Resources, Duke Energy and other partners have proposed building a $5 billion natural gas pipeline to connect the Southeast with the large supplies of natural gas being produced in Pennsylvania, Ohio and West Virginia. The 550-mile project would begin in Harrison County, West Virginia and stretch to southern North Carolina. The partners say they expect to receive regulatory approval by mid-2016 and to start operating the pipeline in 2018.
  • Dollar General has raised its bid for rival Family Dollar to approximately $9.1 billion. Dollar General's previous bid was rejected by Family Dollar in favor of an offer of a lower offer from Dollar Tree, saying that regulators were less likely to stand in the way. In addition to upping the offer, Dollar General says it's now willing to shed 1,500 stores in order to steer clear of antitrust issues.
  • Shares of Norwegian Cruise Line Holding have jumped more than 11 percent on the news that it has agreed to buy Prestige Cruises International for $3 billion. Buying Prestige will help Norwegian compete with its larger rivals: Carnival Corp. and Royal Caribbean Cruises.
  • Netflix is giving its Internet video subscribers a more discreet way to recommend movies and TV shows to their Facebook friends. Until now, Netflix subscribers linking the service to their Facebook accounts automatically disclosed everything they were watching with a potentially wide-reaching range of people. The company believes the open-ended approach discouraged most Netflix subscribers from connecting their accounts with their Facebook profiles. The new system allows subscribers to select which friends receive their recommendations.

Previous Story

Next Story




Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

National Attention For Sioux Falls Bakery

12/15/2014 9:56 AM

A Sioux Falls bakery is getting more national recognition.  CH Patisserie has been named one of the top 75 bakeries in the nation by The Daily Me...

Full Story
Cliff Hangers Gallery Closes; Customers Want Items Back

12/15/2014 10:10 PM

For more than two decades, Cliff Hangers Gallery has been a fixture in Sioux Falls.  A couple of years ago, the business moved from Park Ridge Ga...

Full Story | Watch
What Will Cost More/Less In 2015

12/16/2014 1:36 PM

Industry experts say gasoline prices will continue to fall in 2015, but other prices are expected to rise.

Full Story
Denny Sanford To Donate $25 Million For Scholarship Program

12/16/2014 4:30 PM

Philanthropist T. Denny Sanford is donating $25 million to South Dakota for a scholarship program for the state's technical schools.&nbs...

Full Story
Denny Sanford's Multi-Million Solution To Worker Shortage

12/16/2014 10:04 PM

Sanford's money provides half of the funds for a $50 million scholarship program at the state's technical schools to train workers to fill job...

Full Story | Watch


Events