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.


60° 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

January 17, 2013, 1:15 PM

Thursday Afternoon Business Brief

Stocks keep pushing higher today. Strong reports on housing starts and unemployment claims set an optimist mood this morning. The Dow is up more than 100 points in afternoon trading, while the Nasdaq is about 25 points higher and the S&P 500 has hit a new five-year high.

  • International Monetary Fund chief Christine Lagarde says a global financial collapse has been stopped, but the challenge now is to avoid a relapse. Lagarde sees signs of a waning commitment to regulate the financial sector and warns that developed economies still need to follow through on financial reforms and debt reduction.
  • Boeing says production of its 787 is continuing as planned, even though airlines have grounded the plane over of safety concerns. Investigators are trying to solve electrical problems that have caused one battery to catch fire and another to leak in the past two weeks. Boeing builds about five of the 787s every month, but it's unclear whether airlines are accepting new deliveries.
  • A former superintendent at the Upper Big Branch mine in West Virginia has been sentenced to 21 months in prison and a $20,000 fine. Gary May has admitted to defrauding the government by disabling a methane gas monitor and falsifying records at the mine, where an explosion killed 29 miners in 2010. May has cooperated with prosecutors in their continuing criminal investigation of the blast.
  • Germany's central bank is shelving plans to help fight currency counterfeiting in Bangladesh. The Bundesbank says it is disturbed by reports that Bangladesh is planning to include execution among the possible punishments for violators. The Bundesbank says the death penalty is excessive and it will not participate unless the plans are clearly dropped.

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

Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

Full Story
New Mortgage Rules

7/16/2014 10:10 PM

This year, new mortgage rules went into effect to protect homeowners who are struggling. Potential buyers are also required to get education before en...

Full Story | Watch
First Frozen Yogurt Truck For Franchise In SD

7/17/2014 3:32 PM

People who attend JazzFest can cool down with frozen yogurt from the first Orange Leaf food truck in the nation

Full Story
SF City Council Receives Events Center Update

7/22/2014 3:25 PM

One question some council members are hoping to get answered concerns noticeable rippling on the outside of the building and what's being done to ...

Full Story


Events