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.


27° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Tuesday Evening Business Brief

July 29, 2014, 6:29 PM

Tuesday Evening Business Brief
  • The stock market ended the day with a modest loss as investors waited for a series of big economic reports later in the week. The Dow Jones industrial average fell 70 points, or 0.4 percent, to finish at 16,912. The Standard & Poor's 500 index slipped eight points and the Nasdaq inched lower by two points. Nine of the 10 industry groups in the S&P 500 fell. Only telecommunications stocks rose.
  • Crayon manufacturer Crayola is building a family attraction in Florida, similar to the one it operates in its home state of Pennsylvania, and more could be on the way around the country if the new place does well. The company says Crayola Experience Orlando will open next summer at The Florida Mall. Crayola Experience Orlando will feature 25 hands-on activities in 70,000 square feet of space. One attraction will let children create their own unique crayon with a personalized wrapper.
  • United States Steel Corp. (X) has reported a smaller loss in its second quarter, and topped analysts' expectations.  The Pittsburgh-based company reported a loss of $18 million, or 12 cents per share, compared with a loss of $78 million, or 54 cents per share, in the same quarter a year ago.  Earnings, adjusted for non-recurring costs, were 17 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share.
  • McDonald's says it has been notified by a labor regulator that it can be named a "joint employer" for workers in its franchisee-owned restaurants. The decision is being closely watched because it could potentially expose McDonald's to liability for the working conditions and practices in its franchisees' stores.
  • Biologic drugmaker Amgen said today it will lay off 12 percent to 15 percent of its worldwide workforce and close four sites, even as it reported very strong second-quarter results that trounced Wall Street expectations. The maker of Prolia for osteoporosis and anemia treatment Aranesp said it's restructuring to free up money needed for investments in the business, particularly marketing costs for launching new drugs.

Previous Story

Next Story




Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Auto Dealer Chain To Pay Fine For Deceptive Ads

12/12/2014 11:41 AM

A family-owned chain of automobile dealerships located in Iowa, Montana and South Dakota will pay a $360,000 civil penalty for running deceptive ads.

Full Story
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


Events