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.


53° 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 25, 2014, 4:47 PM

Saturday Business Brief

NEW YORK (AP) - Fear is back in the stock market. Investors are worrying about slower economic growth in China, a less-than-stellar outlook for corporate profits and an end to easy money policies. They're also fretting over country-specific political and monetary troubles. These fears drove the market down yesterday. The Dow plunged 318 points. The S&P 500 fell 38 and the Nasdaq dropped 90 points.

  • The global equity markets' sell-off may be weighing on oil traders' sentiments. The price of oil edged down yesterday. But it still finished the week with a gain of more than 2 percent. Benchmark crude for March delivery fell 68 cents on Friday to close at $96.64 a barrel in New York. At the gas pump, the average price for a gallon of regular stayed at $3.29.
     
  • The head of the International Monetary Fund says the global economic recovery could be put at risk by the reduction of the U.S. Federal Reserve's monetary stimulus and falling prices in the eurozone. Christine Lagarde says policymakers around the world have to be alert to the potential repercussions from the Fed's "tapering," a policy change it decided to embark upon in December. She spoke at the World Economic Forum in Switzerland.
     
  • Coca-Cola says laptop computers stolen from its Atlanta headquarters held the personal information of up to 74,000 people, most of them employees or former employees. Coca-Cola has recovered the laptops and a spokeswoman says the company has no indication that the information on the stolen computers was misused.
     
  • Wal-Mart is eliminating 2,300 workers at its Sam's Club division as it reduces the ranks of middle managers in a bid to be more nimble. The layoffs mark the largest since 2010, when the unit laid off 10,000 workers. The cuts come as Sam's Club strives to compete with Costco and online players like Amazon.com's Prime membership service.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Millions Of Android Phones At Risk For Heartbleed

4/15/2014 4:10 PM

If you've got an Android phone, your device could be susceptible to the Heartbleed security problem.

Full Story
Shrimp Prices Soar

4/16/2014 11:00 AM

The next time you order shrimp scampi of the menu, you may be in for sticker shock. 

Full Story
Headliners For JazzFest Announced

4/17/2014 10:54 AM

Plans are in place for JazzFest 2014 in Sioux Falls.

Full Story
Key Unlocks Gas Pumps For ID Thieves

4/14/2014 10:10 PM

Drivers who've fueled up in Rapid City are being warned that their debit and credit card numbers may have been stolen after "numerous" s...

Full Story | Watch
Harrisburg Sports Complex Nearly Complete

4/16/2014 7:15 AM

Perfect Practice Sports Academy is much bigger on the inside than what it looks like from the front doors. Soon, athletes of all a...

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