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.

28° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



 Winter Storm for November 30, 2015

Snow Outlook

Severe Weather

State Radar

Click here for local closings & delays

Send photos to

Storm Center Update



[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Monday Evening Business Brief

November 12, 2012, 5:36 PM

Monday Evening Business Brief
  • Stocks closed little changed on Wall Street. The Dow Jones industrial average ended a quarter point lower at 12,815. The S&P 500 was up a fraction to 1,380, while the Nasdaq lost less than a point to 2,904.
  • J.C. Penney stock fell nearly 13 percent today, the biggest percentage decline among big companies in the S&P 500. A more prolonged drop follows S&P Ratings move to lower Penney's credit rating deeper into junk status on Friday. That same day, the company reported its third consecutive quarter of big losses and sales declines. Penney's decided earlier this year to get rid of hundreds of coupons and sales in favor of predictable prices.
  • There's trouble in the land of Twinkies and Ding Dongs. Hostess Brands is permanently closing three bakeries following a nationwide strike by its bakers union. The Texas-based baked goods maker says the strike has prevented it from producing and delivering products. Thousands of members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union went on strike earlier this month to protest wage and benefit cuts.
  • Federal health inspectors have found more than a dozen sterility problems, including insects, at a drugmaking facility with the same founders as the specialty pharmacy linked to a deadly meningitis outbreak. The FDA released the results of a monthlong inspection of Ameridose, a Westborough, Mass.-based company that makes a variety of injectable drugs.
  • A source says Kodak has reached an agreement to borrow $793 million, potentially allowing it to exit bankruptcy protection early next year. The printing and photography company would borrow the money from a private investment firm, Centerbridge Partners, and the lending arms of asset management firm The Blackstone Group and banks JP Morgan Chase and UBS.

Read more business stories on the Back To Business page.

Previous Story

Next Story



View business

You may also like

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
Bison Ranch Owner By Turner Gets Permit For Feedlot Addition

11/25/2015 1:35 PM

Stanley County commissioners have approved a feedlot at a bison ranch owned by media mogul Ted Turner.

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
City Of Sioux Falls Buying Homes In Area that Floods

11/24/2015 6:05 PM

Homeowners have the option to voluntarily sell their house if they are concerned about flooding or if they have had problems with flooding. By tearing...

Full Story | Watch