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.


71° 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

July 2, 2014, 1:14 PM

Wednesday Afternoon Business Brief

NEW YORK (AP) - Stocks are relatively flat this morning following a report that business hiring surged in June. The report comes a day after news of stronger manufacturing activity helped push the stock market to another all-time high. The Dow is within 50 points of 17,000.

  • Orders to U.S. factories fell in May, after three months of gains. The Commerce Department reports orders fell 0.5 percent, pulled down by falling demand for military and transportation equipment. When military hardware is excluded, orders were up 0.2 percent. Still, U.S. factories have been busy. The Institute for Supply Management reported yesterday that manufacturing expanded in June for the 13th straight month.
     
  • ADP's latest survey shows a surge in hiring by U.S. businesses last month. The payroll processer says private employers added 281,000 jobs in June, a big jump from 179,000 in May. ADP numbers cover only private businesses and often diverge from the government's more comprehensive jobs report, but the figure suggests the government's report could also show a significant gain.
     
  • Tyson Foods has signed a definitive deal to purchase Hillshire Brands for $7.75 billion. The deal follows a bidding war between Tyson and Pilgrim's Pride, with Hillshire accepting Tyson's $63 per share offer last month. The deal was contingent on Hillshire walking away from its deal to buy Pinnacle Foods. That happened Monday. Tyson says it's paying a $163 million termination fee to Pinnacle on behalf of Hillshire.
     
  • Anheuser-Busch InBev has acquired a small Czech brewery, Samson, in an effort to strengthen its claim to the trademark name of Budweiser. AB InBev is in a legal battle globally over the name with Budvar, another Czech brewer. Budvar and Samson are both based in a town (Ceske Budejovice) known as Budweis, from which the traditional Budweiser beer is made.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Deciding When To Collect Social Security

7/22/2014 10:10 PM

78 million Baby Boomers are retiring or preparing to retire.  The question they all face is when to draw their Social Security benefits. 

Full Story | Watch
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

Full Story


Events