User uShare 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.

60° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



Share your Photos, Videos, and Stories on uShare! Click here to get started.


[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Thursday Afternoon Business Brief

July 12, 2012, 1:23 PM

Thursday Afternoon Business Brief

Stocks have been moving lower again today, with investors unable to break out of their worry about a deteriorating global economic outlook. The Dow is on track for its sixth-straight session decline.

  • It may have only been a temporary blip, but the number of people filing first-time claims for unemployment benefits fell last week to the lowest level in four years. One big reason is that some automakers skipped their traditional summer shutdowns to keep up with demand, leading to fewer temporary layoffs. 
  • BP has agreed to pay $13 million to settle charges of failing to fix safety violations at its Texas City oil refinery after a 2005 explosion killed 15 workers. The payment is the latest move toward resolving hundreds of violations at the plant alleged by the federal Occupational Safety and Health Administration.
  • The Justice Department says Wells Fargo will pay at least $175 million. The bank is settling accusations that it violated fair-lending laws. It allegedly discriminated against otherwise qualified African-American and Hispanic borrowers in its mortgage lending from 2004 through 2009.
  • United Airlines is buying 150 Boeing 737s, planning to use them to replace older, less fuel-efficient planes. That includes 100 of the new 737 Max 9s, due to start arriving at United in 2018.

Previous Story

Next Story



View business

You may also like

Missing Documents On Secretary Of State Website

10/6/2015 6:05 PM

Half a million documents that are supposed to be on the South Dakota's Secretary of State website are not online.  The current Secretary Shan...

Full Story | Watch
Consumer Warning: Watch Your Bank Account For Small Fraudulent Charges At Walmart

10/12/2015 10:10 PM

If you're not in the habit of regularly checking your bank account, this story should be a wake-up call.  16 states have issued alerts about ...

Full Story | Watch
State Waiting On Word From Feds About GEAR UP Program Future

10/6/2015 3:15 PM

Education Secretary Melody Schopp says the state is waiting for word from the U.S. Department of Education about the future of a Native American colle...

Full Story
Mid Central Takes Action On Finances, Dodges Questions About GEAR UP

10/8/2015 6:05 PM

While Dan Guericke is avoiding all questions about Westerhuis and GEAR UP, he couldn't avoid leading a public meeting of Mid Central Co-op's b...

Full Story | Watch
Mitchell School Board Meets As Superintendent Defends 'Second Job'

10/12/2015 5:02 PM

Questions concerning a million dollar grant could come up at Monday night's school board meeting in Mitchell.

Full Story