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

July 10, 2014, 1:52 PM

Thursday Afternoon Business Brief
NEW YORK -

Stocks are bouncing back from heavy losses earlier today. Worries about the soundness of a European bank sent the Dow Jones industrial average down more than 170 points in the first 20 minutes of trading. Two hours before the close, the Dow was off less than 50 points.

  • The specter of Europe's financial crisis is back to haunt investors. Worries over the health of Portugal's biggest bank are raising fears that the country might run into financial trouble again, just weeks after emerging from a bailout. The International Monetary Fund, which provided funds for the Portuguese bailout, acknowledged in a statement that "pockets of vulnerability remain" in Portugal but declined to comment specifically on the case.
     
  • A federal judge is ordering the IRS to explain under oath how it lost a trove of emails to and from a central figure in the agency's tea party controversy. U.S. District Judge Emmet Sullivan has given the tax agency a month to submit the explanation in writing. The IRS says it lost the emails in 2011 when Lois Lerner's computer crashed. At the time, Lerner headed the IRS division that processes applications for tax-exempt status.
     
  • The Federal Trade Commission is suing Amazon over charges that the company hasn't done enough to prevent children from making unauthorized in-app purchases. The dispute is over in-app charges in children's games on Kindle devices, where it can sometimes be difficult to differentiate whether users are spending virtual or real currency to acquire virtual items. The FTC settled with Apple over a similar matter for $32.5 million in January.
     
  • The United Auto Workers union is forming a new local at Volkswagen's assembly plant in Tennessee, where a previous attempt to unionize suffered a stinging defeat. The union's secretary-treasurer, Gary Casteel, tells The Tennessean newspaper that UAW officials believe the German automaker will recognize the union if it signs up a "substantial" number of workers. If successful, it would become the South's first unionized foreign auto plant.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Woman Stands Up to Cyber Bullies After Man Calls Her 'Too Muscular'

8/26/2015 5:05 PM

A woman who builds up her body has a message for cyber bullies who tear others down.

Full Story | Watch
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
Former School For The Deaf Campus Has New Buyer

8/27/2015 4:50 PM

A historic piece of property on East 10th Street in Sioux Falls has a new owner.

Full Story
Casino Going In To 85th And Louise Strip Mall

8/27/2015 11:41 AM

A casino is the first signed tenant for Raintree On Louise at 85th Street and Louise Avenue.

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