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.


51° 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 Morning Business Brief

May 30, 2014, 5:46 AM

Friday Morning Business Brief
NEW YORK -

Investors still can't decide how much money to put into the stock market despite encouraging signs. One analyst says the number of recent corporate deals shows that companies see the U.S. economy improving. Stocks rose modestly yesterday. The S&P 500 index rose 10 points to a record 1,920. The Dow climbed 65 ½ points and the Nasdaq rose 23 points. Futures point to a flat opening.

  • International stock markets were mostly weaker today after a government report showed the U.S. economy shrank in the first quarter. Much of the blame is placed on a brutal winter. Benchmark U.S. crude oil fell but remained above $103 a barrel. The dollar fell against the yen and the euro.
     
  • The government will report on personal income and spending for April today. In March, consumers increased their spending at the fastest pace in 4½ years, a sign the economy was gaining momentum. Also today, the University of Michigan will issue its index of consumer sentiment for May.
     
  • An individual with knowledge of negotiations to sell the Los Angeles Clippers says Shelly Sterling has reached an agreement to sell the team to former Microsoft CEO Steve Ballmer for $2 billion. The deal now must be presented to the NBA.  Donald Sterling must also approve the final agreement as a 50 percent owner. His attorneys say that won't happen.
     
  • China has fined Johnson & Johnson, Nikon Corp. and five other makers of eyeglasses and contact lenses on price-fixing charges in its latest effort to use anti-monopoly law to control consumer prices. Manufacturers were fined a total of 19 million yuan ($3.1 million) for setting minimum prices for retailers and limiting their ability to offer discounts. The Cabinet's planning agency says other companies fined included Essilor International SA of France, Germany's Car Zeiss AG, Hoya Corp. and Bausch + Lomb, owned by Canada's Valeant Pharmaceuticals International Inc. One Chinese company was fined, Shanghai Weicon Optics Co.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Local Company Takes Part In Internet Slowdown Day

9/10/2014 10:45 AM

Some Internet sites may be loading slower on Wednesday, and it is intentional.

Full Story
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
Oh My Cupcakes! Expands To Empire Mall

9/10/2014 1:45 PM

A popular cupcake shop in Sioux Falls will open up a "cupcake cart" near the center court in the Empire Mall next month.

Full Story
'No More Wiggle Room' In Vikings Stadium Schedule

9/10/2014 2:27 PM

A Minnesota Vikings official says there is "no more wiggle room" in the construction schedule for the team's $1 billion stadium after a ...

Full Story
Good Samaritan Society Responds To Changes In Industry

9/11/2014 10:05 PM

The largest non-profit senior care and services organization in the U.S is located right here in Sioux Falls, and like all branches of health care is ...

Full Story | Watch


Events