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.


58° 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

Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story
Simply Mac Coming To Sioux Falls

7/28/2014 1:12 PM

Apple users will soon have another option for sales and service support.

Full Story
Dawley Farm Village Expands

7/25/2014 10:10 PM

If you don't live on the Sioux Falls east side, or haven't taken a drive over there lately, you may not have noticed all the new businesses.

Full Story | Watch
Sioux City Riverboat Casino Prepares For Last Day

7/30/2014 7:57 AM

The Argosy riverboat casino is preparing to take its last bets Wednesday, having told the Iowa Racing and Gaming Commission that it will close by 5 p....

Full Story


Events