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.


73° 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!

 

Monday Evening Business Brief

October 15, 2012, 4:38 PM

Monday Evening Business Brief

The Dow Jones industrial average is closing with its biggest gain in a month after a strong retail sales report and strong earnings from Citigroup brought buyers into the market. The Dow rose 95 points to close at 13,424 Monday, its biggest gain since September 13.

The Standard & Poor's 500 index was up 12 points at 1,440 and the Nasdaq composite index rose 20 points to 3,064.

  • Oil prices fell more than 2 percent before making a late-day surge to get back to even. Benchmark crude finished down a penny at $91.85 on the New York Mercantile Exchange.
  • Government health officials have broadened their warning to doctors about other medicines made by a specialty pharmacy linked to a meningitis outbreak. The Food and Drug Administration is taking the step because of reports of new illnesses that may be tied to other products made by the same Massachusetts company, the New England Compounding Center of Framingham. Health officials want doctors to contact patients who got any injection made by the company and warn them of the risk of infection.
  • Abbott Laboratories says its experimental hepatitis C drug regimen cured 99 percent of patients in a midstage study with the most common and hardest-to-treat type of the disease. Patients who took a three-drug regimen and the drugs Ritonavir (rih-TAHN'-uh-veer) and ribavirin had undetectable virus levels after 12 weeks of treatment. The company says it observed a 93 percent cure rate in a group of patients who were not helped by other treatments.
  • The American Civil Liberties Union is accusing Morgan Stanley of violating civil rights laws byencouraging a lender to push more expensive and risky mortgages on black neighborhoods in Detroit. The ACLU and others filed a lawsuit today on behalf of five homeowners who took out loans from New Century Mortgage Corp., a subprime lender that has since collapsed. Morgan Stanley says the allegations are "completely without merit."

Previous Story

Next Story




Sponsored

 


View business

You may also like

Wild Bat Found At Great Plains Zoo Tests Positive For Rabies

6/26/2015 11:19 AM

The Great Plains Zoo is warning visitors after a bat found on a sidewalk there tested positive for rabies.

Full Story
Presidential Proposal Would Expand Overtime Pay

6/30/2015 7:08 AM

Obama is unveiling a proposal to require overtime pay for workers who earn up to $970 per week, up from the current $455 threshold.

Full Story
Moe's Southwest Grill Selects Sioux Falls Location

6/29/2015 12:41 PM

You will soon have a new option for chips and salsa, salads and tacos in Sioux Falls.

Full Story
Speed Limit Dropping To 75 MPH Along Stretch Of I-90

6/26/2015 1:53 PM

Starting next week, drivers on Interstate 90 will have to slow down from the Wyoming border to just west of Exit 55 in Rapid City.

Full Story
$8 Million Renovation Planned For DM&E Downtown Building

6/25/2015 10:37 AM

An old railroad office building at 140 N. Phillips that has sat vacant for the last few years in downtown Sioux Falls is getting a new lease...

Full Story


Events