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.


62° 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!

 

Thursday Afternoon Business Brief

May 10, 2012, 1:21 PM

Thursday Afternoon Business Brief

Wall Street is on track to break a six-day losing streak. Stocks are moving higher today after a government report showed weekly jobless claims continue to fall, suggesting employers may accelerate hiring this month.

  • The ailing U.S. Postal Service is reporting quarterly losses of $3.2 billion. Postmaster General Patrick Donahoe says the mail agency is incurring significant losses because Congress has failed to pass legislation allowing it to eliminate Saturday mail delivery and reduce health and other labor costs.
  • Gasoline prices have dropped 5 percent since peaking last month. The national average fell to $3.739 per gallon today, down nearly 20 cents since hitting a high of $3.936 on April 6. And compared with a year ago, regular unleaded is 21 cents cheaper.
  • The government's consumer-finance watchdog is weighing an overhaul of the fees consumers pay to obtain mortgages. The Consumer Financial Protection Bureau says it might ban origination fees that vary with the size of the loan, known as "origination points." Lenders would charge the same flat fee for all loans.
  • U.S. consumers have had their fill of expensive, contract-based phone plans. Figures from T-Mobile USA, along with earlier reports from other companies, indicate that the U.S. wireless industry lost subscribers from contract-based plans for the first time during the first quarter. Contract-based plans are the most lucrative for phone companies.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Three Sushi Restaurants Close After Owners Dispute

10/22/2014 10:05 PM

Your options for sushi in Sioux Falls have just been cut by three. The restaurants mysteriously shut down this week, leaving customers and employees a...

Full Story | Watch
Valentino's Restaurant For Sale

10/20/2014 12:18 PM

Prime real estate on 41st Street in Sioux Falls is for sale. Valentino's Restaurant at 41st Street and Western Avenue has been listed for $1.35 mi...

Full Story
Three Sushi Restaurants Suddenly Close In Sioux Falls

10/22/2014 4:45 PM

Three sushi restaurants have all closed for business in Sioux Falls.

Full Story
Long John Silver's Closes, Building For Sale

10/20/2014 12:31 PM

A longtime fast food option in Sioux Falls, the Long John Silver's restaurant is closing after more than 30 years in business. 

Full Story
SD Gas Prices Jump While Nation Approaches Four-Year Low

10/21/2014 11:00 AM

Gas prices have fallen to a nearly four-year low nationwide at an average of $3.09 a gallon.  AAA South Dakota says U.S. gas prices could drop to...

Full Story


Events