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.

67° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options




[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Thursday Afternoon Business Brief

April 10, 2014, 1:46 PM

Thursday Afternoon Business Brief

A plunge in biotechnology shares is leading a sell-off in the stock market this afternoon. The Nasdaq composite has been taking the biggest hit, down more than 2 and a-half percent. The Dow has been down as much as 200 points, while the S&P 500 was more than 25 points lower.

  • The federal government's budget deficit continues to shrink. The Treasury Department says a 16 percent increase in revenue helped keep the deficit to $37 billion in March. That compares with $107 billion in March of last year. Individual income and Social Security taxes have increased as employers have steadily hired more workers in the past year.
  • The head of the Federal Energy Regulatory Commission says the agency is taking steps to improve handling of classified national security information. Cheryl LaFleur tells the Senate Energy Committee Thursday that employees are "wiping and scrubbing all databases," following a report that officials improperly allowed widespread access to a document that outlined specific physical threats to the nation's electric grid.
  • Pacific Gas & Electric is offering a $250,000 reward for information leading to an arrest and conviction in an attack nearly a year ago on phone lines and the power grid in Silicon Valley. The attack involved someone shooting at AT&T fiber-optic lines to knock out phone and 911 service and into a PG&E substation, where 17 transformers were knocked out. PG&E has said it plans to install opaque walls and deploy advanced camera systems, enhanced lighting and additional alarms at the San Jose substation and other sites.
  • Mortgages are edging lower. Freddie Mac says the average rate for a 30-year fixed mortgage fell to 4.34 percent last week, while the average for a 15-year mortgage eased to 3.38 percent. Rates are about one percentage point higher than the hitting record lows about a year ago.

Previous Story

Next Story

Find Local Businesses on KELO Pages!

View business

You may also like

PREMIER Bankcard Lawsuit Comes Down To Link

8/22/2014 10:00 PM

$5 million: that's the price tag on a lawsuit filed by a South Dakota credit card company, First PREMIER/PREMIER Bankcard against a credit card co...

Full Story | Watch
Single-Screen Theater Closed After Four Decades

8/23/2014 12:33 PM

A single-screen movie theater in Vermillion has closed after serving the area for more than four decades.

Full Story
Sioux Falls Store Included In UPS Breach

8/21/2014 1:53 PM

If you used a credit or debit card at a UPS Store in the last seven months, some of your personal information could be a risk.  

Full Story
Woman-Owned Highway Construction Company

8/21/2014 10:05 PM

There are nearly eight million women owned businesses in the U.S.  But only eight percent of construction businesses are owned by women. 

Full Story | Watch
Napa Winery With SF Ties Recovers From Earthquake Damage

8/24/2014 6:35 PM

A Napa Valley winery with Sioux Falls ties received damage from the largest earthquake to hit the bay area in 25 years.

Full Story