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.


87° 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 23, 2014, 1:14 PM

Thursday Afternoon Business Brief

Stocks are plunging on Wall Street amid disappointing earnings and forecasts from several companies. Investors are also worrying about a manufacturing slowdown in China. The Dow Jones industrial average has been down more than 200 points in afternoon trading. The other major indexes are sliding as well.

  • The Treasury Department will auction a new Treasury security with variable interest rates next week. It will be the first new Treasury security offered in 17 years. Treasury says it will auction $15 billion of the new floating rate notes on Jan. 29. The two-year security will have an interest rate that resets every day and will be tied to the three-month Treasury bill.
  • Neiman Marcus says 1.1 million debit and credit cards used at its stores may have been compromised in a security breach last year. The high-end retailer says Visa, MasterCard and Discover have found 2,400 cards of Neiman Marcus and Last Call customers that were used fraudulently. Last Call is Neiman Marcus' clearance chain. Neiman Marcus says it is notifying all customers who shopped in its stores in 2013 and offering them a free year of credit monitoring and identity-theft protection.
  • Fewer customers are visiting the world's biggest hamburger chain. McDonald's says global sales slipped 0.1 percent at established locations for the last three months of the year. In the U.S., the figure fell 1.4 percent. And McDonald's says it expects the challenges it's facing will persist in the year ahead.
  • It's been a rough start of the year for air travelers. Winter storms have led airlines to cancel more than 33,000 flights during the first three weeks of this year. That's more cancellations than in January 2013 and January 2012 combined, according to masFlight, a data and software company specializing in airline operations. The hardest-hit cities so far this winter are New York, Washington, Boston, Chicago and Philadelphia.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Two KELOLAND Target Stores Now Open Extended Hours

8/19/2014 12:16 PM

Night owls who enjoy shopping at Target will soon have a few more hours to browse the shelves.

Full Story
SF Food Scene Gets Some National Attention

8/15/2014 8:14 PM

Sioux Falls' local flavor is getting national attention.

Full Story
Raven Balloons In Demand By Google

8/20/2014 9:10 AM

Raven Industries reports that sales for the second quarter are up to $94.5 million from $93.4 million the same time last year, due in part to Google&#...

Full Story
East 10th Street Turnaround

8/14/2014 10:00 PM

Any way you slice it, opening on East 10th Street in Sioux Falls was a good business decision for The Pizza Man.

Full Story | Watch
New CEO Of Idled Aberdeen Beef Plant Optimistic

8/17/2014 3:45 PM

The new CEO of a beef plant that has sat idle in Aberdeen since 2012 is optimistic about the facility's future.

Full Story


Events