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.


61° 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!

 

Most Popular Today


Friday Evening Business Brief

July 11, 2014, 4:39 PM

Friday Evening Business Brief
  • U.S. stocks stabilized today and ended with a small gain, but it wasn't enough to prevent the market's biggest weekly drop since April. Investors became more cautious this week as corporate earnings for the April-June period began trickling in. Worrisome news about a Portuguese bank also revived fears of another European debt crisis.
  • The Standard & Poor's 500 rose 2.89 points, or 0.2 percent, to 1,967.57. The weekly decline of 0.9 percent was the biggest since April 11. The Dow Jones industrial average climbed 28.74 points, or 0.2 percent, to 16,943.81. The Nasdaq composite rose 19.29 points, or 0.4 percent, to 4,415.49.
  • The price of oil plunged 2 percent, the largest one-day drop since April, as Libyan oil appears poised to return to the market while global demand looks to be muted. Benchmark U.S. crude for August delivery fell $2.10 cents to close at $100.83 a barrel on the New York Mercantile Exchange. It fell 3.1 percent this week, and is down $4.54 a barrel, or 4.3 percent, so far in July. Brent crude fell $2.01.
  • The White House says the government's budget deficit will drop to $583 billion this year, the lowest level of President Barack Obama's tenure. Last year's deficit was $680 billion. The latest update from the White House budget office is also $66 billion less than what the administration predicted earlier this year when releasing the president's budget.
  • The former head of the California Public Employees' Retirement System, the nation's largest public pension fund, has pleaded guilty to bribery and fraud. Federico Buenrostro Jr., the former chief executive of CalPERS, entered his plea in San Francisco federal court. Buenrostro faces five years in prison and a $250,000 fine when he is sentenced in January.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Former Sioux Falls Executive Investigated For Animal Abuse

8/28/2014 4:15 PM

A former Hot Stuff/Orion Foods President is being investigated for dog abuse in Canada.

Full Story
Westward Ho Country Club Changes Name

8/28/2014 12:56 PM

The Westward Ho Country club in Sioux Falls is changing its name to The Country Club of Sioux Falls.  Members were notified of the change on Thur...

Full Story
Cattle Spooked By LifeLight Noise

8/30/2014 3:58 PM

Farmers say the annual music event is louder this year, and it's causing some problems with their cattle.

Full Story
Sanford And First PREMIER Bank Hosting Concert For Employees

8/29/2014 11:30 AM

Employees from two Sioux Falls employers have an opportunity to see a private concert with two country headliners at the Denny Sanford PREMIER Center.

Full Story
Car vs Bus Crash Injures Two Teens

8/26/2014 6:00 PM

Two Iowa teenagers are hospitalized after colliding with a school bus early Tuesday morning.  It happened just east of Inwood on 240th Street at ...

Full Story | Watch


Events