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.


38° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Winter weather returns early this week.  Storm Center Update

 

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




Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

National Attention For Sioux Falls Bakery

12/15/2014 9:56 AM

A Sioux Falls bakery is getting more national recognition.  CH Patisserie has been named one of the top 75 bakeries in the nation by The Daily Me...

Full Story
Cliff Hangers Gallery Closes; Customers Want Items Back

12/15/2014 10:10 PM

For more than two decades, Cliff Hangers Gallery has been a fixture in Sioux Falls.  A couple of years ago, the business moved from Park Ridge Ga...

Full Story | Watch
What Will Cost More/Less In 2015

12/16/2014 1:36 PM

Industry experts say gasoline prices will continue to fall in 2015, but other prices are expected to rise.

Full Story
Denny Sanford To Donate $25 Million For Scholarship Program

12/16/2014 4:30 PM

Philanthropist T. Denny Sanford is donating $25 million to South Dakota for a scholarship program for the state's technical schools.&nbs...

Full Story
Denny Sanford's Multi-Million Solution To Worker Shortage

12/16/2014 10:04 PM

Sanford's money provides half of the funds for a $50 million scholarship program at the state's technical schools to train workers to fill job...

Full Story | Watch


Events