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.


62° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

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




 
Find Local Businesses on KELO Pages!

View business

You may also like

Yankton Teenager Files Discrimination Charges

9/24/2014 3:08 PM

With the help of the ACLU, a Yankton teenager has filed discrimination charges with the U.S. Equal Employment Opportunity Commission. 

Full Story
New Kind Of Pizza Restaurant In Sioux Falls

9/24/2014 10:55 AM

A build-your-own pizza restaurant is in the works in downtown Sioux Falls.  

Full Story
Jimmy John's Says Customers' Card Data Stolen

9/24/2014 4:00 PM

Jimmy John's sandwich chain said Wednesday that it believes customers' credit card data was stolen from 216 of its shops between June and Sept...

Full Story
Latest SF Walmart Lawsuit Dismissed

9/30/2014 11:48 AM

A lawsuit filed by opponents of a south side Sioux Falls Walmart has been dismissed.

Full Story
Chicago Fire Rerouting Travelers In Sioux Falls

9/26/2014 11:25 AM

A fire in Chicago has grounded flights in Sioux Falls and across the country.

Full Story


Events