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.


30° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Snow and blowing snow likely in NE KELOLAND, click here for details.

 

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Tuesday Evening Business Brief

January 28, 2014, 6:21 PM

Tuesday Evening Business Brief
  • The stock market has turned positive after three days of losses. The Dow rose more than 90 points to close at 15,928. The Standard & Poor's 500 gained 11 to 1,792, while the Nasdaq added 14 points to 4,098.Health care stocks made gains after the big drugmaker Pfizer turned in earnings that were higher than investors had expected. Apple held back technology stocks after issuing a revenue forecast that was below market expectations.
  • Amgen's fourth-quarter profit jumped 30 percent thanks to higher sales for nearly all its drugs. A tax benefit and an acquisition also helped. Amgen bought Onyx Pharmaceuticals as part of a strategy to become a major player in the market for pricey cancer drugs. The world's biggest maker of biologic drugs says net income was more than $1 billion, or $1.33 per share. Also reporting after the bell, AT&T posted stronger-than-expected fourth quarter earnings, while Yahoo's report shows its revenues continue to fall.
  • There's a potential game-changer in the pain-reliever market. A Food and Drug Administration panel says naproxen, the key ingredient in Aleve and other generic pain pills, may be safer on the heart than other popular anti-inflammatory drugs such as ibuprofen. FDA staffers are recommending relabeling naproxen to emphasize its safety.
  • Verizon says its shareholders have approved its $130 billion deal to buy the 45 percent stake in its wireless division owned by British cellphone carrier Vodafone. As part of the deal, Verizon will issue up to 1.28 billion shares of common stock to Vodafone shareholders. Verizon says buying Vodafone's stake will give it greater flexibility to invest in new technologies. And, once the deal closes, Verizon will no longer have to share its wireless operating profits with Vodafone.
  • Football players at Northwestern are forming a union for college athletes. Outgoing Wildcats quarterback Kain Colter today announced the creation of the College Athletes Players Association. Colter says the NCAA currently dictates conditions, and athletes need "a seat at the table" if they are to get safeguards against injuries and adequate financial compensation. A United Steelworkers official says the key issue is whether college football players can be considered employees legally. If so, they have the right to organize.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

New Indoor Racing & Recreation Business

11/19/2014 10:05 PM

For about four months out of the year, people in the Sioux Falls area can go go-kart racing and play mini golf.

Full Story | Watch
New Sioux Falls Shop Opens Thursday

11/19/2014 11:10 AM

Holiday shoppers will soon have a new spot to buy locally made gifts.

Full Story
Stroller Recall Due To Amputation Hazard

11/20/2014 9:45 AM

More than four million strollers sold in the United States are part of a recall.

Full Story
Alco To Close Stores Across South Dakota

11/21/2014 2:03 PM

Several South Dakota cities will soon have one less store.

Full Story
South Dakota Malls Will Open On Thanksgiving

11/21/2014 11:41 AM

Shoppers no longer need to stay up all night to get Black Friday deals.  More stores are opening on Thanksgiving, closing overnight and then reop...

Full Story


Events