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.

50° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



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


[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Tuesday Afternoon Business Brief

January 22, 2013, 1:29 PM

Tuesday Afternoon Business Brief

Stocks have been wavering today as several big U.S. companies report their fourth-quarter financial results. DuPont reported a sharp drop in income, but the results still beat analysts' forecasts, sending the chemical company's stock higher. Johnson & Johnson saw a gain in fourth-quarter profit, but its shares fell on its 2013 income forecast which fell short of analysts' estimates. The Dow was up more than 30 points in afternoon trading, while the S&P 500 and the Nasdaq are edging into positive territory.

  • The White House says President Barack Obama won't "stand in the way" of a House Republican bill that would provide a three-month extension on the government's borrowing authority. As recently as last week, the president was rejecting suggestions of a short-term extension. But spokesman Jay Carney says the three-month plan being offered by House GOP leaders is significant because it "de-escalates the sense of conflict."
  • The Keystone XL oil pipeline is getting a green light from Nebraska. Gov. Dave Heineman has approved the pipeline's new route, which avoids the state's environmentally sensitive Sandhills region. The grass-covered sand dunes are vulnerable to erosion, and the original route would have run the pipeline through them.
  • Wal-Mart is warning its global suppliers not to subcontract work to factories that haven't been authorized by the retail giant. In a letter to suppliers, Wal-Mart says, starting March 1, it will drop them immediately if the supplier is found to be subcontracting without the company's knowledge. Until now, suppliers have had three chances to fix their mistakes. The stricter policy comes amid increasing calls for better safety oversight after a deadly fire at a Bangladesh factory that supplied clothes to Wal-Mart.
  • As CEOs gather for the World Economic Forum in Davos, Switzerland, a new survey shows fewer of them are confident their companies will grow this year. The PricewaterhouseCoopers survey finds only 36 percent of the CEOs polled say they are "very confident," down from 40 percent last year and 48 percent in 2011. The lack of confidence extends even to strongly growing economies such as China and Brazil.

Previous Story

Next Story



View business

You may also like

Mitchell Superintendent Defends 'Second Job'

10/5/2015 10:02 PM

Our KELOLAND News investigation revealed some of the problems surrounding the multimillion dollar GEAR UP grant that caused the state to end its partn...

Full Story | Watch
Missing Documents On Secretary Of State Website

10/6/2015 6:05 PM

Half a million documents that are supposed to be on the South Dakota's Secretary of State website are not online.  The current Secretary Shan...

Full Story | Watch
Pepsi Perfect To Be Released October 21

10/5/2015 3:08 PM

On October 21, the same day Marty McFly traveled through time, the soda company is releasing Pepsi Perfect.

Full Story
Cupcake Baker Whips Up A Book

10/5/2015 3:35 PM

The woman who opened South Dakota's first gourmet cupcake shop has published a book.  Melissa Johnson has written, "Fingers in the Frost...

Full Story
State Waiting On Word From Feds About GEAR UP Program Future

10/6/2015 3:15 PM

Education Secretary Melody Schopp says the state is waiting for word from the U.S. Department of Education about the future of a Native American colle...

Full Story