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!

 

Thursday Afternoon Business Brief

November 15, 2012, 1:20 PM

Thursday Afternoon Business Brief

Stocks are lower in afternoon trading after U.S. retailers turned in mixed earnings reports. Wal-Mart's stock fell sharply, after the retailer issued a weak outlook for fourth-quarter profits. Target said its profit and sales rose but the sales gains were slower than last year. Shares in Ross Stores slid after it predicting poor results for the holiday shopping season. The Dow, the S&P 500 and the Nasdaq are all down.

  • BP says it will pay $4.5 billion in a settlement with the U.S. government over the disastrous 2010 oil spill in the Gulf of Mexico. The company also is pleading guilty to criminal charges related to the deaths of 11 workers in the rig explosion that triggered the spill and lying to Congress. Two BP employees have been indicted on manslaughter charges over the deaths.
  • Rates on fixed mortgages fell to new record lows this week. Mortgage buyer Freddie Mac says that the average rate on the 30-year loan dipped to 3.34 percent, the lowest on records dating back to 1971. The average on the 15-year fixed mortgage dropped to 2.65 percent. The downward trend has helped the housing market start to recover this year.
  • Manufacturing shrank in the Philadelphia and New York regions this month. Damage from Superstorm Sandy disrupted area factories, helping send the Federal Reserve's regional manufacturing activity down to minus-10.7. That's down from a reading of 5.7 in October, which was the first month of growth since April.
  • United Airlines says it has fixed a computer problem that led to widespread delays for thousands of its passengers today. The outage lasted for about two hours this morning, preventing dispatchers from sending flight information to about half of the United's flights. United has been struggling with technology problems since March, when it switched its computer system for passenger information.

You can find more business news on the Back to Business page of KELOLAND.com.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

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
Pierre Woman Wins On In-Flight Game Show

10/17/2014 12:10 PM

A South Dakotan is a winner on the Allegiant Airlines' first in-flight game show called "The Game Plane."  The reality show is film...

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
Pop-Up Holiday Shop Coming to Downtown Sioux Falls

10/15/2014 11:45 AM

Unglued: Christmas Market, will open in the space formerly occupied by the Book Shop in the Carpenter Building on Phillips Avenue from Nov. 20 through...

Full Story
Ebola Scams Surface

10/17/2014 2:15 PM

It was only a matter of time before scammers started capitalizing on the Ebola scare.  The Better Business Bureau is warning consumers about a va...

Full Story


Events