User uShare 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.

79° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



Share your Photos, Videos, and Stories on uShare! Click here to get started.


[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Thursday Afternoon Business Brief

January 30, 2014, 1:34 PM

Thursday Afternoon Business Brief

Stocks are higher on Wall Street this afternoon. Investors are cheering the government's report that the U.S. economy grew at a robust 3.2 percent in the fourth quarter. The Dow is off its high for the day, but remains up more than 80 points. The S&P 500 is up more than 1 percent, while the Nasdaq has added close to 2 percent.

  • Facebook's stock has rocketed to new highs today after the social networking company reported stronger-than-expected results for the fourth quarter. Strong mobile advertising revenue fueled the gains. Facebook says more than half of its advertising revenue now comes from mobile. The company only started showing mobile ads in 2012. Facebook shares were about 14 percent in afternoon trading, after reaching an all-time high of $62.44 earlier in the day.
  • Federal prosecutors are asking a judge to order Bank of America to pay $2.1 billion in penalties for knowingly selling bad home loans to mortgage giants Fannie Mae and Freddie Mac. In documents filed today, the government says it wants Bank of America to make a payment based on its total revenue from the fraud instead of the profit it made. Bank of America says that would be too much.
  • Average rates for fixed mortgages have edged lower this week. Mortgage buyer Freddie Mac says the average for the 30-year loan fell to 4.32 percent from 4.39 percent last week. The average for the 15-year loan eased to 3.40 percent. Mortgage rates hit record lows roughly a year ago and have since risen about a full percentage point.
  • Bitter cold and big snowstorms in the eastern half of the country have hurt the restaurant business, with some merchants saying their sales have been cut in half this month. Diners and coffee shops have closing early, and waitresses are seeing their tips dwindle. However, one deli owner in Cincinnati says his takeout and delivery orders have never been so good, though his business is down overall.

Previous Story

Next Story

Find Local Businesses on KELO Pages!

View business

You may also like

Millions Of Android Phones At Risk For Heartbleed

4/15/2014 4:10 PM

If you've got an Android phone, your device could be susceptible to the Heartbleed security problem.

Full Story
Shrimp Prices Soar

4/16/2014 11:00 AM

The next time you order shrimp scampi of the menu, you may be in for sticker shock. 

Full Story
Headliners For JazzFest Announced

4/17/2014 10:54 AM

Plans are in place for JazzFest 2014 in Sioux Falls.

Full Story
Key Unlocks Gas Pumps For ID Thieves

4/14/2014 10:10 PM

Drivers who've fueled up in Rapid City are being warned that their debit and credit card numbers may have been stolen after "numerous" s...

Full Story | Watch
Eric Church Concert Near-Sellout Within Minutes

4/18/2014 5:55 PM

The first ticket sale to an event at the new Denny Sanford PREMIER Center proved to be a boon at the box office Friday

Full Story | Watch


KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED