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.


15° 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 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




 
Find Local Businesses on KELO Pages!

View business

You may also like

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
Vern Eide Pays It Forward For Thanksgiving

11/22/2014 6:34 PM

Closer to home, families are out buying turkeys as we are less than a week away from Thanksgiving.

Full Story
New Convenience Store Opens on North Minnesota Avenue

11/21/2014 10:15 AM

The seventh Kum & Go convenience store in Sioux Falls is now open.  The new store at 1400 N. Minnesota Avenue is 5,000 square feet and will b...

Full Story
Chris Tomlin & Rend Collective Coming To PREMIER Center

11/25/2014 11:04 AM

Some of the biggest names in Contemporary Christian music are coming to the Denny Sanford PREMIER Center.

Full Story


Events