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.


74° 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

February 21, 2013, 1:29 PM

Thursday Afternoon Business Brief

U.S. stocks are sliding for a second straight day. Oil prices are also plunging for a second day, raising hopes of a pause in the rise in gasoline prices. U.S. benchmark crude oil fell $2.24, or 2.4 percent, to $92.98 per barrel in afternoon trading in New York, the second drop of 2 percent in two days.

  • In the latest sign that inflation remains in check, consumer prices were flat in January from December for the second month in a row. The Labor Department says its consumer price index has risen 1.6 percent in the 12 months ending in January, down from a 2.9 percent pace a year ago.
  • Business and labor groups have announced agreement on a key priority for an immigration overhaul bill: creating a new system to bring lower-skilled workers to the U.S. The Chamber of Commerce and the AFL-CIO reached consensus after weeks of closed-doors negotiations they were conducting at the request of two senators involved in crafting an immigration deal on Capitol Hill.
  • Five of the biggest U.S. banks say they have cut struggling homeowners' mortgage balances by $19 billion, as part of a total $45.8 billion in relief provided under a landmark settlement over foreclosure abuses. A report today by the monitor of the settlement says more than 550,000 borrowers received some form of mortgage relief between March 1 and Dec. 31, 2012. That translates to almost $83,000 per homeowner.
  • Ford says it will start making a turbocharged four-cylinder engine in Cleveland to keep up with growing demand in the U.S. The automaker will invest $200 million into its engine plant in Brook Park, Ohio, near Cleveland, and add 450 jobs starting next year. Ford now imports the motors from a plant in Spain.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Sioux Falls Businesses Flooded

8/28/2015 6:00 PM

Homeowners aren't the only ones cleaning up flood water.  Many businesses were also flooded out in Thursday night's storm.  In fact,...

Full Story | Watch
McDonald's Will Launch All Day Breakfast On Oct. 6

9/1/2015 5:08 PM

If you're one of those people who hates missing the end of breakfast hours at McDonald's, hang on just a little longer: the chain says its bre...

Full Story
New Brewery Opens In Downtown Sioux Falls

9/3/2015 2:30 PM

WoodGrain Brewing Company opens Thursday on the main floor of the DocuTAP building on Phillips Avenue.  

Full Story
Caribou Coffee To Move Down The Street

9/3/2015 1:00 PM

The new location will replace a former Burger King near Minnesota Avenue and 33rd Street.

Full Story
New Buyer For Historic Sioux Falls Campus

8/28/2015 10:10 PM

They are stately buildings in the heart of Sioux Falls that have sat empty for two years - but now, the former School for the Deaf property on East 10...

Full Story | Watch


Events