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.


15° 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!

 

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


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
New Downtown Restaurant Preparing To Open

3/20/2015 1:00 PM

On Friday, workers served friends and family in the ground floor of the building that holds the DocuTAP offices.

Full Story
Oggie's Restaurant To Close In Tea

3/20/2015 2:02 PM

Oggie's Grille & Bar in Tea will close Friday, March 27. The WR Hospitality restaurant was open less than 2 years. 

Full Story
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
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


Events