User uShare 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.

26° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options




[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Wednesday Evening Business Brief

August 13, 2014, 6:49 PM

Wednesday Evening Business Brief

NEW YORK (AP) - Stocks are closing higher today, despite a mixed batch of economic news and a pullback in Japan's economy. The S&P 500 rose 13 points to close at 1,946. The Dow industrials climbed 91 points to 16,651. The Nasdaq rose 45 points, to 4,434. Also, benchmark U.S. crude oil rose 22 cents to $97.59 a barrel today in New York.

  • Cisco says it will lay off up to 6,000 workers, or 8 percent of its workforce, as part of a restructuring. The company, which makes routers, switches and software, made the announcement during a conference call discussing its fiscal fourth-quarter earnings. The San Jose, California-based company reported a 1 percent decline in profit, to $2.25 billion, for the latest quarter.
  • A Canadian drugmaker working on an experimental drug for Ebola says it is not ready to make the treatment available in Africa, though it continues discussions with governments and international agencies trying to contain the deadly outbreak. Tekmira Pharmaceuticals is one of a handful of companies worldwide developing drugs to treat the Ebola virus.
  • Merck & Co. has won federal approval for a new type of sleeping pill designed to help people with insomnia stay asleep. The Food and Drug Administration approved Belsomra in four different doses for various degrees of insomnia.
  • Burger King is getting rid of the lower-calorie french fries it introduced less than a year ago. Overall sales of the french fries, called "Satisfries," have remained weak in the U.S. and Canada, with the figure up just 0.4 percent in the latest quarter. The fries used a different type of batter to prevent some oil from being absorbed by the potatoes in the frying process.

Previous Story

Next Story



View business

You may also like

Avera To Purchase DAKOTACARE

11/19/2015 11:00 AM

With ownership, Avera would become the second-largest health insurer in the state.

Full Story
Board Of Education Member Had Multiple Contracts With State

11/23/2015 6:05 PM

That means in addition to her state salaries at USD and Northern State, Duncan earned an additional $124,000 in contracts from the Department of Educa...

Full Story | Watch
Fired GEAR UP Worker Defends Stacy Phelps

11/24/2015 6:05 PM

When the state pulled its multi-million dollar GEAR UP contract from Mid Central Educational Co-Op in September, all the current GEAR UP workers were ...

Full Story | Watch
Black Friday Shopping Starting on Thanksgiving

11/21/2015 5:43 PM

As more stores announce their Black Friday hours, the times are getting earlier and could even cut into your Thanksgiving meal.

Full Story
Some Black Friday Deals Are Not Deals

11/23/2015 4:51 PM

Recent research found just because something is called a doorbuster doesn't mean it's significantly discounted.

Full Story