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.


69° 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

DCI Looking Into Discovery Of Woman's Body

7/21/2014 4:00 PM

The discovery of a woman's body in Kimball has prompted an investigation by South Dakota law enforcement authorities.

Full Story
Sioux Falls Man Killed In Industrial Accident

7/21/2014 2:22 PM

An investigation is underway into the death of a Sioux Falls man in an industrial accident.

Full Story
Body Identified: No Foul Play Suspected

7/22/2014 8:56 PM

No foul play is suspected in the death of 64 year-old Susanna K. Bannwarth. The Fulton woman was reported missing Monday morning. Her body was f...

Full Story
Car Versus Bike Crash Near 41st And Marion

7/23/2014 4:39 PM

A car versus bike crash happened at the intersection of 41st Street and Larch Avenue.

Full Story
SF Police: Bike Fatality 'A Terrible Tragedy'

7/17/2014 5:47 PM

Police say the driver who hit and killed a bicyclist Wednesday was waiting for a break in traffic so she could pull out from a parking lot.

Full Story | Watch


Events