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.


11° 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 Morning Business Brief

June 13, 2014, 5:44 AM

Friday Morning Business Brief
NEW YORK -

The S&P 500 is heading for its first weekly loss in four weeks. The index dropped yesterday for the third down day in a row. The S&P closed down nearly 14 points. The Dow fell 109 points and the Nasdaq shed 34. A combination of so-so economic news and violence in Iraq helped push the stock market sharply lower on Thursday. Futures point to a slightly higher opening today.

  • Most international stock markets fell today after poor U.S. retail sales data but benchmarks in China gained after an economic report bolstered optimism about the world's No. 2 economy. Benchmark U.S. crude oil rose above $107 a barrel. The dollar gained against the yen and fell against the euro.
     
  • Investors are hoping for some good economic news that will reverse the stock market's slide But there's only one government report due out today. The Labor Department will issue the Producer Price Index for May this morning. In April, the prices that companies receive for their goods and services rose by the most in 19 months, a sign that inflation is picking up.
     
  • Electric car maker Tesla Motors is handing over the keys to its technology in an unusual effort to encourage other automakers to expand beyond gasoline-burning vehicles. Tesla CEO Elon Musk is promising to give away the company's entire patent portfolio to all comers, as long as they promise not to engage courtroom battles over intellectual property. The decision opens the door to more collaboration with Tesla, which is already making electric systems for Daimler and Toyota.
     
  • New tablet computers from Samsung will feature screens that are richer in color than standard LCDs. These screens, known as AMOLED for active-matrix organic light-emitting diodes, are already found in smartphones made by Samsung and a few other manufacturers. But until now, tablets haven't used them because larger AMOLED screens are more difficult to produce. Samsung Electronics Co. is trying to change that with its upcoming line of Android tablets, called the Galaxy Tab S.

Previous Story

Next Story




Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Auto Dealer Chain To Pay Fine For Deceptive Ads

12/12/2014 11:41 AM

A family-owned chain of automobile dealerships located in Iowa, Montana and South Dakota will pay a $360,000 civil penalty for running deceptive ads.

Full Story
National Attention For Sioux Falls Bakery

12/15/2014 9:56 AM

A Sioux Falls bakery is getting more national recognition.  CH Patisserie has been named one of the top 75 bakeries in the nation by The Daily Me...

Full Story
Cliff Hangers Gallery Closes; Customers Want Items Back

12/15/2014 10:10 PM

For more than two decades, Cliff Hangers Gallery has been a fixture in Sioux Falls.  A couple of years ago, the business moved from Park Ridge Ga...

Full Story | Watch
What Will Cost More/Less In 2015

12/16/2014 1:36 PM

Industry experts say gasoline prices will continue to fall in 2015, but other prices are expected to rise.

Full Story
Denny Sanford To Donate $25 Million For Scholarship Program

12/16/2014 4:30 PM

Philanthropist T. Denny Sanford is donating $25 million to South Dakota for a scholarship program for the state's technical schools.&nbs...

Full Story


Events