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.


32° 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

July 14, 2014, 6:15 PM

Monday Evening Business Brief
  • Stocks are closing sharply higher today as the market shakes off its worst weekly performance in three months. The Dow Jones industrial average rose 112 points, or 0.7 percent, to 17,055. The Standard & Poor's 500 index rose 9 ½ points, or 0.5 percent, to 1,977. The Nasdaq composite rose 25 points, or 0.6 percent, to 4,440.
  • The price of oil has barely changed. There were no catalysts to move it today. Benchmark U.S. crude for August delivery rose 8 cents at $100.91 a barrel in New York. Brent crude, a benchmark for international oils, gained 45 cents to $107.71 in London. Meanwhile, gasoline prices in the U.S. slipped to three-month lows.  The average price is $3.61 a gallon.
  • Ernst & Young will pay $4 million to settle civil charges of compromising its independence by lobbying Congress on behalf of two companies whose books it audited. The Securities and Exchange Commission announced the settlement today with the New York-based firm, one of the Big Four accounting firms with Deloitte, KPMG and PricewaterhouseCoopers.
  • Five emerging market powers this week will launch their own versions of the World Bank and the International Monetary Fund. Harold Trinkunas, director of the Latin America Initiative at the Brookings Institution, says Brazil, Russia, India, China and South Africa -the so-called BRICS countries - are "seeking "alternatives to the existing world order.".
  • Atlantic City's shell-shocked gambling market is getting some unexpected good news, even if it might not last long. Not counting the Atlantic Club, which closed in January, the 11 casinos that operated in both 2014 and 2013 increased their revenue by nearly 4 percent in June. Helping was $9.5 million in Internet gambling winnings.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Empire Mall Burger King Closes

3/22/2015 2:30 PM

The Burger King inside The Empire Mall in Sioux Falls is closing Sunday, March 22.

Full Story
Speed Limit Sign Changes

3/25/2015 6:06 PM

The speed limit is only going up on stretches of road where the limit was 75 miles per hour, now going up to 80 mph.

Full Story | Watch
Woman Pushing For $20 Bill Makover

3/25/2015 9:54 AM

Barbara Ortiz Howard already has a day job maintaining apartment buildings near New York City. Now she has a second job and it's all about money. ...

Full Story
New Car Wash To Open Near 26th St. & Sycamore Ave.

3/24/2015 3:48 PM

Sioux Falls will soon be home to a second Silverstar Car Wash.

Full Story
GM Ignition Switch Death Toll Rises To 74

3/23/2015 11:20 AM

Families of at least 74 people killed in crashes caused by defective General Motors ignition switches will get compensation from the company.

Full Story


Events