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.


81° 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

August 15, 2014, 5:58 AM

Friday Morning Business Brief

It's vacation time and investors are expecting another day of light trading on Wall Street. Yesterday was one of the quietest days at the New York Stock Exchange this year. But better corporate earnings helped the stock market to close higher. The S&P 500 climbed eight points to 1,955. The Dow industrials rose 62 points to 16,713. The Nasdaq was up 19 points to 4,453. Futures point to gains at this morning's opening.

  • International stock markets rose today, cheered by a rise on Wall Street and a sense that Ukraine tensions are easing. Benchmark U.S. crude oil fell below $95.50 a barrel. The dollar gained against the euro and fell against the yen.
     
  • There are three major economic reports scheduled for release today. The Labor Department will issue the Producer Price Index for July and the Federal Reserve will report on July's industrial production. Also, the Treasury Department will report how much foreign buyers adjusted their holdings of U.S. debt in June.
     
  • Elio Motors is hoping to become the next big thing in fuel stingy commuter cars with its three-wheel, two seat offering targeted to get 84 miles per gallons. The tiny car is the same length as a Honda Fit but half the weight and, at $6,800, less than half the cost. Phoenix-based Elio plans to start making the cars next fall at a former General Motors plant in Shreveport, Louisiana. Already, more than 27,000 people have reserved one.
     
  • The recently acquired film unit of Chinese e-commerce giant Alibaba says a review has uncovered possible accounting irregularities. The disclosure by Alibaba Pictures Group comes as its parent company readies for what's expected to be a mammoth initial public offering in New York next month. The company says the accounting irregularities date to before Alibaba's purchase of the company in June.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Allegiant Air Pilot Pleads With Tower To Make Emergency Landing

7/29/2015 1:58 PM

An Allegiant Airlines pilot declared a fuel emergency and had to land at a North Dakota airport even though the airport was closed for the Blue Angels...

Full Story
Lick The Spoon Closes East Side Location

7/29/2015 9:53 AM

Just a year after opening on East 10th Street and Bahnson Avenue in Sioux Falls, Lick The Spoon restaurant has closed its doors.  Angela Becker o...

Full Story
Filly Flair Set To Open Sioux Falls Store On Saturday

7/30/2015 5:18 PM

A successful online retailer is opening her first brick and mortar shop in Sioux Falls.

Full Story
Famous Wine Maker Planning Sioux Falls Development

7/29/2015 1:00 PM

Barber tells KELOLAND News while the plans still have yet to be finalized, they call for a couple of apartment buildings with eight to 12 units, as we...

Full Story
Former Vermillion Pamida Store To Become A Jerry's Auto Dealership

7/27/2015 4:30 PM

The old Pamida store, which has been vacant for years in Vermillion, will become a car dealership.  Jerry Barr of Jerry's Auto is buying the ...

Full Story


Events