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.


74° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

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

Historic Sioux Falls Building For Sale

9/15/2014 4:24 PM

The Carpenter Building on South Phillips Avenue in Sioux Falls is for sale for $4.2 million.

Full Story
Sioux Falls Named 41st In Best Small To Midsize Cities List

9/15/2014 1:43 PM

Sioux Falls comes in at number 41 on Livability.com's list of the nation's best small to midsized cities.

Full Story
Unbridled Business

9/15/2014 10:10 PM

Most of us think of successful online retailers as being located in big cities.  But the truth is when your customers are on the Internet, you ca...

Full Story | Watch
SF Judge Considering Another Walmart Lawsuit

9/19/2014 5:41 PM

Homeowners believe the City of Sioux Falls didn't live up to its promise of having a conditional use permitting process for the new store proposed...

Full Story | Watch
Great Outdoor Store Recognized By National Magazine

9/17/2014 3:33 PM

Outdoor USA Magazine is giving high marks to a Sioux Falls store.

Full Story


Events