User uShare 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.

44° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



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


[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Friday Evening Business Brief

August 1, 2014, 6:54 PM

Friday Evening Business Brief

NEW YORK (AP) - The stock market is closing out its worst week in two years. Traders moved money into investments traditionally seen as having lower risk, such as U.S. government bonds, gold and utility stocks. The Dow industrials lost 70 points, or 0.4 percent, closing at 16,493. The S&P 500 fell 5 ½ points, or 0.3 percent, to 1,925. The Nasdaq fell 17 points, or 0.4 percent, to 4,352.

  • The price of oil is down. It fell to its lowest level since Feb. 6. Benchmark U.S. crude dropped 29 cents to $97.88 a barrel today on the New York Mercantile Exchange. It ended the week with a loss of $4.21 a barrel, or 4 percent.
  • Berkshire Hathaway says its second-quarter profit soared 41 percent on a significant investment gain from a stock-swap deal completed earlier this year. Net income grew to $6.4 billion, or $3,889 per Class A share. That's up from $4.5 billion, or $2,763 per Class A share, in the same quarter a year ago. Revenue improved 11 percent to $49.76 billion from last year's $44.69 billion.
  • Moody's ratings agency is upgrading Greece's government bond rating by two notches from Caa3 to Caa1, predicting a gradual decline of the national debt. The agency is also citing a commitment by the bailed out country's conservative-led government to improve public finances. Greece is set to emerge from recession this year for the first time since 2008.
  • President Barack Obama is making it easier to swap cellphone providers. He has signed a bill making it legal once again to unlock a cellphone without permission from your wireless provider, so long as the service contract expired. The law, which applies only to cellphones and not to other wireless devices, lets people unlock phones or hire a third party to do it for them.

Previous Story

Next Story



View business

You may also like

Mitchell Superintendent Defends 'Second Job'

10/5/2015 10:02 PM

Our KELOLAND News investigation revealed some of the problems surrounding the multimillion dollar GEAR UP grant that caused the state to end its partn...

Full Story | Watch
Stacy Phelps Resigns From Board of Education

10/2/2015 3:14 PM

Phelps administered the GEAR UP program which prepared and encouraged Native American students to enroll into higher educaton.

Full Story
Coffee Shop, Pizza Chain Both Opening In East Sioux Falls

10/2/2015 2:03 PM

Marco's Pizza filed a building permit to set up shop in a new stripmall on South Sycamore Avenue.

Full Story
Missing Documents On Secretary Of State Website

10/6/2015 6:05 PM

Half a million documents that are supposed to be on the South Dakota's Secretary of State website are not online.  The current Secretary Shan...

Full Story | Watch
Pepsi Perfect To Be Released October 21

10/5/2015 3:08 PM

On October 21, the same day Marty McFly traveled through time, the soda company is releasing Pepsi Perfect.

Full Story