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.


68° 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!

 

Wednesday Afternoon Business Brief

January 22, 2014, 1:18 PM

Wednesday Afternoon Business Brief

Stocks are mixed as investors pore over the latest batch of company earnings reports. IBM dropped after its revenue fell short of what analysts were expecting and luxury goods maker Coach slumped after reporting a lower quarterly profit. Stocks on the rise today include Norfolk Southern and TE Connectivity, which both had strong earnings.

  • Activist investor Carl Icahn says he has purchased $500 million worth of Apple stock in the past couple of weeks to bring his total holdings in the company to more than $3 billion. Icahn disclosed the purchases on his official Twitter account today. He also criticized Apple's board, saying it's doing a "great disservice" to shareholders by not increasing its stock buyback significantly.
  • Target Corp. says it will stop offering health care coverage for its part-time workers on April 1. The discount chain cites new options now available through health care exchanges under the Affordable Care Act. Target says part-time workers who are currently enrolled in the health care plan and are losing access to coverage will be given a $500 cash payment.
  • A Canadian company has started operating the Texas portion of a proposed cross-border pipeline that has stirred controversy and tension between the United States and Canada. TransCanada says it is delivering oil through the Gulf Coast portion of its proposed Keystone XL pipeline, which would transport oil from Canada's oil sands to Houston-area refineries. The cross-border section requires President Barack Obama's approval.
  • West Virginia regulators have ordered Freedom Industries to disclose everything that spilled when a storage tank leaked and contaminated the water supply for 300,000 people. The company has until 4 p.m. Eastern today to provide the information. A coal-cleaning chemical spilled into the Elk River earlier this month. And now, officials say the tank containing that chemical also held about 400 gallons of another chemical that's believed to be less toxic (polyglycol ethers, or PPH).

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Former Sioux Falls Executive Investigated For Animal Abuse

8/28/2014 4:15 PM

A former Hot Stuff/Orion Foods President is being investigated for dog abuse in Canada.

Full Story
Westward Ho Country Club Changes Name

8/28/2014 12:56 PM

The Westward Ho Country club in Sioux Falls is changing its name to The Country Club of Sioux Falls.  Members were notified of the change on Thur...

Full Story
Cattle Spooked By LifeLight Noise

8/30/2014 3:58 PM

Farmers say the annual music event is louder this year, and it's causing some problems with their cattle.

Full Story
Sanford And First PREMIER Bank Hosting Concert For Employees

8/29/2014 11:30 AM

Employees from two Sioux Falls employers have an opportunity to see a private concert with two country headliners at the Denny Sanford PREMIER Center.

Full Story
Kraft Recalls American Cheese Singles

9/1/2014 3:59 PM

Before you pack those Kraft American Singles in your child's lunch, you'll want to check the date on the package.

Full Story


Events