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.


52° 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

May 16, 2011, 6:49 PM

Evening Business Brief
Stock prices finished lower, with technology shares leading the way. The Dow was down 47 points to 12,548. The S&P slipped 8 points and the Nasdaq composite shed 46 or 1.6 percent.
  • Oil prices fell amid concerns Mississippi River flooding could disrupt Gulf Coast-region refineries and supplies.  Investors instead focused on weakening demand for gasoline. On the New York Mercantile Exchange, crude fell $2.28 to settle at $97.37 per barrel.
  • Treasury Secretary Timothy Geithner says he's halting investments in two big government pension plans so the government can continue to borrow money. He informed Congress of his decision in a letter stating that the government had officially reached its $14.3 trillion borrowing limit. He says if lawmakers do not increase the borrowing limit by August 2, the government is at risk of an unprecedented default.
  • Research In Motion has recalled about 1,000 of its BlackBerry PlayBook tablet computers due to defective operating software that can make it impossible for users to set up the device. Only PlayBooks with 16 gigabytes of memory are said to be affected and RIM says most of them have not yet been sold.
  • Bank of America reports a slight increase in credit card defaults in April, while late payments edged down. The bank says in a regulatory filing that it wrote off credit card balances at an annualized rate of 8.25 percent last month, up from 8.18 percent in March.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

You may also like

14-Year-Old Dead After Being Run Over By Truck

10/25/2014 2:05 PM

A 14-year-old girl is dead after being run over in a parking lot just after 12:30 in Hartford.

Full Story
Police Empty Grain Bin In Search For Missing Brookings Man

10/28/2014 6:02 PM

Jacob Heisinger hasn't been seen since early Thursday morning. Police sent out a plea asking the public for any information on his disappearance.

Full Story | Watch
Authorities Find Body Of Missing Brookings Man

10/29/2014 8:17 PM

The search for a missing SDSU student has ended.

Full Story
Low-Risk Traveler Being Monitored For Ebola In SD

10/27/2014 5:59 PM

South Dakota hospitals and clinics were notified last week of a person who is being monitored by the state Department of Health for signs of Ebola.

Full Story
Brookings Police Looking For Missing Man

10/27/2014 8:14 PM

The Brookings Police Department needs your help finding 26-year-old Jacob Heisinger. Heisinger was last seen around 1:40 am in the downtown Brookings ...

Full Story


Events