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.


79° 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!

 

Monday Afternoon Business Brief

February 3, 2014, 1:44 PM

Monday Afternoon Business Brief

Investors are watching to see whether this is the market correction some say is overdue. Stocks are down sharply today, with the Dow off around 250 points in afternoon trading and the S&P 500 and the Nasdaq looking at losses of 2 percent or more for the day. A drop of 10 percent is considered a market correction, and analysts point out that the market is already down more than 5 percent from the highs set at the end of last year.

  • A major U.S. hotel operator says it's investigating a data breach that may affect customers from nearly a year ago. But, White Lodging won't say how many people might be affected. Cybersecurity blogger Brian Krebs first reported the breach of credit and debit card information and says it could affect thousands of guests at Marriott hotels managed by White Lodging since March 23, 2013. White Lodging manages 168 hotels under various brands in 21 states.
  • Transportation Secretary Anthony Foxx says new crash-avoidance technology holds the potential to significantly reduce the number of collisions, injuries and deaths on the nation's streets and highways. The technology lets vehicles communicate with each other and automakers could soon be required to equip new cars and light trucks with it.
  • Workers at a Volkswagen plant in Tennessee will decide next week if they want to be represented by the United Auto Workers union. The German automaker says it has asked the National Labor Relations Board to conduct a vote at the plant Feb. 12 through 14. The vote represents a victory for the UAW, which has so far been unsuccessful in organizing U.S. workers at foreign-owned auto plants.
  • Janet Yellen has officially taken over as the chair of the Federal Reserve today, while her predecessor has found a professional landing spot. The Brookings Institution says Ben Bernanke will be a distinguished fellow in residence with the Washington think tank's Hutchins Center on Fiscal and Monetary Policy. The center's director says Bernanke is planning to write a book.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

New Mortgage Rules

7/16/2014 10:10 PM

This year, new mortgage rules went into effect to protect homeowners who are struggling. Potential buyers are also required to get education before en...

Full Story | Watch
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

Full Story
First Frozen Yogurt Truck For Franchise In SD

7/17/2014 3:32 PM

People who attend JazzFest can cool down with frozen yogurt from the first Orange Leaf food truck in the nation

Full Story
Millennials Prefer Cash

7/21/2014 11:40 AM

Americans would rather put their money in the bank than make long-term investments in stocks

Full Story
New Farmers Market Opens In Sioux Falls

7/19/2014 6:12 PM

Farmers markets are a common sight during the summer in Sioux Falls, but there's a new business in town that's offering fresh produce and a ta...

Full Story


Events