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.


53° 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

April 11, 2014, 1:28 PM

Friday Afternoon Business Brief

The sell-off continues on Wall Street with bank stocks joining techs in the slide after JPMorgan Chase turned in a weak first quarter earnings report. All three major indexes are down, with the S&P 500 heading for its worst week since January. The S&P is off 12 points in afternoon trading, while the Dow is down about 125 and the Nasdaq composite has lost between 35 and 40 points.

  • Ohio regulators have halted gas drilling at a site near Youngstown where five minor earthquakes were recorded last month. The move comes after state geologists linked earthquake activity in the area to hydraulic fracturing. Ohio's oil and gas chief says the state is setting new permitting conditions in earthquake-sensitive areas.
  • A bankruptcy judge has approved Detroit's plan to settle a multimillion-dollar debt with two banks. UBS and Bank of America each will split $42.5 million spread out over a number of years. Judge Steven Rhodes had denied earlier proposals for $220 million and $165 million as too generous. He's urging the city and other creditors to reach more deals, saying: "Now is the time to negotiate."
  • Settlement talks in the legal fight over Rhode Island's 2011 pension overhaul have failed, and a court challenge is moving ahead. Gov. Lincoln Chafee and and the state treasurer blame "a small group of union members" for the failure of mediation efforts. The law was designed to save the state billions, but public-sector unions and retirees sued. A proposed settlement was announced in February, but police union members rejected it.
  • Federal safety regulators have decided against seeking a recall of Ford F-150 pickup trucks with EcoBoost engines. The National Highway Traffic Safety Administration began investigating after getting complaints that the trucks could lose power during hard acceleration. Tests by Ford and the government traced the problem to condensation in an air cooler but showed that trucks with the condition would maintain speed and accelerate. NHTSA says it will keep monitoring complaints and take further action if needed.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

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
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story
Simply Mac Coming To Sioux Falls

7/28/2014 1:12 PM

Apple users will soon have another option for sales and service support.

Full Story
Dawley Farm Village Expands

7/25/2014 10:10 PM

If you don't live on the Sioux Falls east side, or haven't taken a drive over there lately, you may not have noticed all the new businesses.

Full Story | Watch
Sioux City Riverboat Casino Prepares For Last Day

7/30/2014 7:57 AM

The Argosy riverboat casino is preparing to take its last bets Wednesday, having told the Iowa Racing and Gaming Commission that it will close by 5 p....

Full Story


Events