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.


72° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Friday Afternoon Business Brief

January 24, 2014, 1:43 PM

Friday Afternoon Business Brief

Stocks are plunging again today as fear returns to global markets. The Dow Jones industrial average has been down more than 200 points in afternoon trading, a day after closing off 176. The Dow has fallen every day this week, leaving it down 2.9 percent -- its worst weekly performance since mid-May 2012. The other major indexes are also sharply lower. Traders are fretting about China's growth, a plunge in Argentina's peso and the profit outlook for U.S. companies.

  • The head of the bank that incurred $6 billion in trading losses in 2012 nearly doubled his pay last year. JPMorgan Chase says Chairman and CEO Jamie Dimon's compensation for 2013 will total $20 million -- $18.5 million in stock options and a base salary of $1.5 million. The year before, his total compensation was $11.5 million. It was $23 million in each of the previous two years. The bank's board says Dimon's handling of the legal issues facing the lender was among the factors it considered in determining his pay.
  • The president of the European Central Bank is laying out the hope that the eurozone's economic recovery will pick up steam over the coming months. Mario Draghi told delegates at the World Economic Forum today that a stream of "solid" survey data points to better times ahead for the region, which is still grappling with debt, recession and sky-high unemployment.
  • The frigid winter is setting the price of natural gas on fire. Record amounts of natural gas are being burned for heat and electricity - and it's so cold that drillers are struggling to produce enough to keep up with the high demand. The price has gained 25 percent in the past two weeks and is now near its highest level since June 2010. Natural gas is used by half the nation's households for heating.
  • As the Denver Broncos and Seattle Seahawks prepare for their Super Bowl showdown next weekend, a legal fight is playing out over the turf they'll be playing on. Taylor Turf Installation Inc. is suing the MetLife Stadium's operators and the company that hired the suburban St. Louis company. Taylor Turf is seeking more than $292,000 that it claims it is owed for hustling to install the New Jersey stadium's playing surface last summer.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Deciding When To Collect Social Security

7/22/2014 10:10 PM

78 million Baby Boomers are retiring or preparing to retire.  The question they all face is when to draw their Social Security benefits. 

Full Story | Watch


Events