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.


18° 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

August 7, 2014, 4:18 PM

Thursday Afternoon Business Brief

NEW YORK (AP) - Stocks are edging lower in afternoon trading on Wall Street. Investors are still troubled by the potential for escalating tensions between Russia and the West over Ukraine. The yield on the 10-year Treasury note fell to its lowest level of the year.

  • Consumer spending has soared since the recession ended in states with oil and gas drilling booms, but lags in states hit hard by the housing bust. Spending surged 28 percent in North Dakota from 2010 through 2012 and jumped nearly 16 percent in Oklahoma. By contrast, spending rose just 3.5 percent in Nevada and 6.2 percent in Arizona, two states where home values plummeted. The figures come from a new government report that reveals consumer spending on a state-by-state basis.
  • The nation's airlines are extending a string of poor performances. The U.S. Department of Transportation says more U.S. flights arrived late in June than the month before. And for the first six months of the year, the rate of late flights was the highest since 2008, while cancellations were the highest since 2000. Hawaiian Airlines and Alaska Airlines had the best on-time ratings in June, with Delta leading the biggest carriers. Southwest Airlines and regional airlines Envoy and ExpressJet were at the bottom of the rankings.
  • Google is wielding the power of its dominant Internet search to push more websites into protecting the people using their services. The move involves a change in Google's closely guarded formula for determining the rankings of its search results. Websites that automatically encrypt their services will now be boosted higher in Google's recommendation system. It's part of a Google campaign to make it tougher for government spies and computer hackers to grab the personal data of unwitting Web surfers.
  • Revelations about the National Security Agency's electronic eavesdropping capabilities have sparked anger in Germany and a boom in encryption services. Silent Circle sells an encryption app that allows users to talk and text in private. Its co-founder says disclosures from former intelligence contractor Edward Snowden have boosted its business. The market is especially hot in Germany, where Chancellor Angela Merkel (AHN'-geh-lah MEHR'-kuhl) was reported to be a target.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Empire Mall Burger King Closes

3/22/2015 2:30 PM

The Burger King inside The Empire Mall in Sioux Falls is closing Sunday, March 22.

Full Story
New Downtown Restaurant Preparing To Open

3/20/2015 1:00 PM

On Friday, workers served friends and family in the ground floor of the building that holds the DocuTAP offices.

Full Story
Oggie's Restaurant To Close In Tea

3/20/2015 2:02 PM

Oggie's Grille & Bar in Tea will close Friday, March 27. The WR Hospitality restaurant was open less than 2 years. 

Full Story
Woman Pushing For $20 Bill Makover

3/25/2015 9:54 AM

Barbara Ortiz Howard already has a day job maintaining apartment buildings near New York City. Now she has a second job and it's all about money. ...

Full Story
Speed Limit Sign Changes

3/25/2015 6:06 PM

The speed limit is only going up on stretches of road where the limit was 75 miles per hour, now going up to 80 mph.

Full Story | Watch


Events