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.


78° 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 Evening Business Brief

February 3, 2014, 5:43 PM

Monday Evening Business Brief
  • Stocks have taken a big hit today, as reports of sluggishness in the U.S. manufacturing sector added to worries about the global economy and extended the market's 2014 slide. The Dow plunged 326 points, or more than 2 percent, to close at 15,372.80. The broader indexes also lost more than 2 percent. The S&P 500 dropped 40 points to 1,741.89. The Nasdaq slid nearly 107 points to 3,996.96.
  • Five major technology companies have released previously confidential information on how often they are ordered to turn over customer information for secret national security investigations. The disclosures show Google, Microsoft, Yahoo, Facebook and LinkedIn received secret court orders demanding the emails and other online activities of a relatively small number of their customers. But, the numbers still amount to thousands of Americans.
  • Treasury Secretary Jacob Lew says he will start using emergency measures after this week to avoid a first-ever default on the national debt. Congress suspended the debt limit last October as part of a deal to re-open the government after a partial shutdown. But the suspension ends Friday. In a speech in Washington today, Lew said Congress should act without delay to increase the debt ceiling. He says he expects to run out of maneuvering room by the end of the month.
  • The European Central Bank is hunting what are being called zombie banks - lenders too financially troubled to loan money. The ECB plans to go through files from 128 of Europe's largest banks to track down hidden, soured loans and investments. That will be followed by stress tests that simulate how a bank would fare in a crisis. National bank regulators will be asked to push problem banks to raise capital by selling new shares to investors, restricting dividends, restructuring or even being bailed out.
  • A week of freezing temperatures in early December cost California's citrus industry about $441 million. California Citrus Mutual says the damage was confined to the state's Central Valley, where mandarin, navel and lemon crops were lost during seven consecutive nights of freezing temperatures. About 20 percent of the mandarin crop had already been harvested, but about 40 percent of the remaining oranges were lost.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

KELOLAND Target Stores Now Open Extended Hours

8/19/2014 12:16 PM

Night owls who enjoy shopping at Target will soon have an extra hour to browse the shelves.

Full Story
Raven Balloons In Demand By Google

8/20/2014 9:10 AM

Raven Industries reports that sales for the second quarter are up to $94.5 million from $93.4 million the same time last year, due in part to Google&#...

Full Story
Sioux Falls Store Included In UPS Breach

8/21/2014 1:53 PM

If you used a credit or debit card at a UPS Store in the last seven months, some of your personal information could be a risk.  

Full Story
Woman-Owned Highway Construction Company

8/21/2014 10:05 PM

There are nearly eight million women owned businesses in the U.S.  But only eight percent of construction businesses are owned by women. 

Full Story | Watch
New CEO Of Idled Aberdeen Beef Plant Optimistic

8/17/2014 3:45 PM

The new CEO of a beef plant that has sat idle in Aberdeen since 2012 is optimistic about the facility's future.

Full Story


Events