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.

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
Find Local Businesses on KELO Pages!

You may also like

Highway Investigating Cause Of Concrete Truck Crash

4/22/2015 9:39 AM

The South Dakota Highway Patrol said a Concrete Materials truck left the road for unknown reasons.

Full Story
Body Found In Lake Is Identified

4/20/2015 6:40 AM

Authorities have released the name of a man whose body was found in a central Iowa lake.

Full Story
Teens Bruising Lips To Mimic Kylie Jenner

4/21/2015 9:52 AM

Across Instagram and Twitter, users are posting photos of puffed up lips after sucking on the end of bottles.

Full Story
Native American Actors Walk Off Adam Sandler Movie Set

4/24/2015 11:30 AM

Loren Anthony is one of nearly a dozen actors who walked off Adam Sandler's "Ridiculous Six" movie set on Thursday, which is filming in ...

Full Story
Investigation Of Suspicious Death In Lemmon, SD

4/19/2015 2:40 PM

Law enforcement is investigating a suspicious death in Lemmon, SD.  

Full Story


Events