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.


46° 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!

 

Saturday Business Brief

January 4, 2014, 2:13 PM

Saturday Business Brief

NEW YORK (AP) - It was one big party in the stock market last year and now 2014 is starting off with a bit of a hangover. The S&P 500 index edged a fraction of a point lower to 1,831 yesterday, beginning a year with a two-day losing streak for the first time since 2005. The Dow Jones industrial average gained 29 points to 16,469 on Friday. But the Nasdaq composite fell 11 points to 4,131.

  • The price of oil continues to plunge. It fell 1.6 percent Friday to below $94 a barrel. Benchmark crude for February delivery fell $1.48 to close at $93.96 a barrel in New York. Prices have fallen 6.4 percent over the past week. Meanwhile, Triple-A says the price of a gallon of gas edged up less than a penny on Friday to $3.33 -- the highest level ever for this time of year.
     
  • Factors which have kept the U.S. economy from accelerating appear to be abating. That's according to Federal Reserve Chairman Ben Bernanke who predicts stronger growth in 2014. His speech yesterday at the annual meeting of the American Economic Association was one of his final appearances as Fed chairman. He's stepping down at the end of this month.
     
  • Liberty Media wants to take full ownership of Sirius XM in a deal that would value the satellite radio service at nearly $23 billion. The Englewood, Colo.-based company already owns 53 percent of the outstanding shares of New York-based Sirius XM Holdings. Liberty is offering to exchange some of its Series C common stock for the rest of Sirius XM's shares.
     
  • The stakes were high and the vote was close. And in the end, Boeing production workers agreed to concede some benefits in order to secure assembly of the new 777-X airplane for Washington state. Under the terms of the eight-year contract extension, Boeing said the 777-X and its composite wing will be built in the Puget Sound area by Boeing employees represented by the Machinists union.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

National Pizza Franchise Coming To Sioux Falls

4/22/2014 4:24 PM

The South Dakota franchise owner of Marco's Pizza plans to open a third location in Sioux Falls at 5007 S. Louise Avenue, next to Noodles &am...

Full Story
Headliners For JazzFest Announced

4/17/2014 10:54 AM

Plans are in place for JazzFest 2014 in Sioux Falls.

Full Story
It Looks Like A Credit Card, But It's Not

4/22/2014 10:01 PM

Small businesses often are short on cash or credit and in need of funding.  A California company is offering local businesses financing through t...

Full Story | Watch
Eric Church Concert Near-Sellout Within Minutes

4/18/2014 5:55 PM

The first ticket sale to an event at the new Denny Sanford PREMIER Center proved to be a boon at the box office Friday

Full Story | Watch
City Of Worthington: Dilapidated Mall Is Due To Neglect From Ownership

4/21/2014 10:07 PM

The Northland Mall has been a mainstay in the Worthington community for over 35 years. The dilapidated shopping center has a leaky roof, which could l...

Full Story | Watch


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED