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.


23° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Evening Business Brief

August 12, 2010, 6:34 PM

Evening Business Brief
Stocks fell for a third day in a row, pulled lower by weakness in the tech sector. The Dow Jones Industrial Average lost 58.88 points to close at 10,319.95. The Dow has now lost more than 300 points in the last two sessions. The Nasdaq composite Index lost 18 points while the S-and-P 500 was down almost six points.
  • BP has agreed to pay a record fine of more than $50 million. It stems from the company's failure to fix safety hazards at its oil refinery in Texas City, Texas. An explosion in 2005 killed 15 workers. OSHA is trying to collect another $30 million for other penalties that BP is contesting.
  • Oil prices dropped for a third straight day amid renewed concerns that a weak global economy means consumers will use less energy. Benchmark crude for September delivery fell $2.28 to settle at $75.74 a barrel.
  • Things continue to look up for General Motors.  The company is moving closer to a public sale of its stock. The company says it made $1.3 billion from April through June. That was its second straight quarter in the black. The CEO who helped the company bounce back, Ed Whitacre, says he's stepping down at the end of this month.
  • The dollar gained ground against other major currencies amid more reports of slowing economic growth. The jump was attributed to investors looking to put money in short-term U.S. Treasurys, seen as a safe place to park money. The dollar, however, lost ground against the Japanese yen.

Previous Story

Next Story




Sponsored
 

You may also like

Police: Woman Raped At Her Apartment Building

2/5/2016 11:17 AM

The woman told Sioux Falls Police she believes the man followed her into her apartment.

Full Story
Superintendent Cancels School With Video

2/2/2016 1:41 PM

Dr. Donavan DeBoer with the Parker School District posted the cancellation notice on YouTube.

Full Story
Blizzard Impacting Travel In Southeast KELOLAND

2/2/2016 10:03 AM

The Sioux Falls Police Department is also advising no travel within the city. Officials say visibility is near zero with blowing snow and scattered sl...

Full Story
Storm Center Update- Monday AM

2/1/2016 5:26 AM

A quiet weather day is ahead for most of KELOLAND ahead of winter storm headed for the southeast.  Blizzard watches and warnings are posted for m...

Full Story
Drivers Breaking The Law

2/2/2016 5:00 PM

No travel is advised in many areas of KELOLAND Tuesday night.  Interstate 29 from Sioux Falls to Sioux City is closed and probably won't reop...

Full Story | Watch


Events