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Find local businesses
on the KELO Pages!

1.Retail & Restaurants
SF Store Pays Fee But Says It's Not Downtown
2.Development
Sioux Falls Cupcake Shop Plans To Move Across Town
3.General
Phishing Scam Targeting Walmart Shoppers
4.Gas & Energy
Gas Prices Jump
5.General, Retail & Restaurants
Rising Sales At SF Store For Record Powerball Drawing
6.Your Money Matters
Fraud Alert: Medical Alarm Scam
7.Development, General
On KELO's 60th Anniversary, We Remember The Empire Mall Opening
8.Development
Golf Course Construction At Grand Falls
9.Housing
Final Weekend For Spring Parade Of Homes
10.Development, Outdoors
Huron Water Park Set To Open Next Friday

Thursday Evening Business Brief

August 23, 2012, 5:46 PM

Thursday Evening Business Brief

Stocks fell for the fourth day in a row with the Dow Jones industrial average posting its largest loss in more than a month. The revelation that further Fed help on the economy isn't as certain as most everyone thought drove markets lower. The Dow lost 115 points to close at 13,057. The S-and-P 500 index fell 11 points to 1,402. The Nasdaq composite index lost 20 points and closed at 3,053.
Oil prices went for a ride today. The price of benchmark crude rose above $98 a barrel before worries about Europe pushed it back down again. It ended down 99 cents at $96.27 a barrel.
The euro has hit a seven-week high against the dollar. It was helped by the Labor Department report that showed an increase in first time claims for jobless benefits. The euro ended at $1.256 after climbing as high as high as $1.2589.
General Motors says it will invest $220 million at two Ohio factories to build the next generation of its Chevrolet Cruze compact car. The company says the move will preserve more than 5,000 jobs. GM says the new Cruze will get fresh styling, a nicer interior and better gas mileage than the version that's currently available.
Kodak is looking to sell its document imaging and personalized imaging businesses with an eye toward emerging from bankruptcy protection next year. The company says the moves will enable it to focus on its printing and business services.

© 2012 Associated Press. All rights reserved. Material may not be redistributed.

08/23/12 - Testimony Underway In Rape Trial

08/23/12 - Emergency Crews Called To State Penitentiary

Find Local Businesses on KELO Pages!

New Restaurant Coming To Old Champps Location

5/14/2013 11:08 AM

A new restaurant is coming into the old Champps location at the Western Mall in Sioux Falls.

New Designer Discount Store

5/13/2013 10:01 PM

Danielle Holte and her mom Linda Larson are going into business together. Holte discovered a store while visiting Fargo that she just knew...

Full Story | Watch

SF Store Pays Fee But Says It's Not Downtown

5/16/2013 6:14 PM

Downtown Sioux Falls businesses have been paying it for decades but one store says it isn't fair.

Full Story | Watch

Sioux Falls Cupcake Shop Plans To Move Across Town

5/17/2013 11:16 AM

Oh My Cupcakes! located on 4th Street and Main Avenue in downtown Sioux Falls is moving to The Bridges on 57th Street and Western Avenue.

Phishing Scam Targeting Walmart Shoppers

5/16/2013 9:06 PM

Consumers were warned today by Attorney General Marty Jackley to watch for emails that claim to be from the Walmart Corporation.