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.


66° 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 Evening Business Brief

May 23, 2014, 7:03 PM

Friday Evening Business Brief

The S&P 500 index is setting a record. It gained eight points today to close above 1,900 for the first time. The 1,900.53 close is three points above its previous all-time high close 10 days ago. The Dow Jones industrial average rose 63 points to 16,606 and the Nasdaq composite added 31 points to 4,185. Trading was relatively quiet ahead of the Memorial Day holiday weekend.

  • The price of oil is up. It rose above $104 a barrel today ahead of the holiday weekend and national elections in Ukraine on Sunday. Benchmark U.S. crude for July delivery gained 61 cents to $104.35 a barrel in New York. Oil ended the week up $2.33 a barrel. Meanwhile, drivers are paying an average of $3.66 for a gallon of gasoline, about the same as this time last year.
     
  • General Motors is recalling about 500 pickup trucks and SUVs to fix faulty air bag controls, its 30th recall so far this year. GM says today's recall covers full-size pickups and SUVs from the 2014 and 2015 model years. All 500 are still at dealerships and won't be sold until repairs are made. Since January, GM has recalled more than 13.8 million vehicles in the U.S.
     
  • The Food and Drug Administration is giving the OK to a new antibiotic to treat adults with common skin infections often acquired in U.S. hospitals. Regulators have approved Durata Therapeutics' intravenous drug Dalvance to treat bacterial skin infections caused by common bacteria, including antibiotic-resistant strains of those germs.
     
  • Nearly 60,000 high-tech workers are likely to receive an average of $4,000 apiece in a $324.5 million settlement of a class-action lawsuit alleging Apple and Google conspired in an illegal cartel of Silicon Valley employers that secretly refused to recruit each other's engineers. If approved, the settlement will be paid by Apple, Google, Intel and Adobe Systems.

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
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
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

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