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.

46° 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 Evening Business Brief

January 2, 2014, 5:16 PM

Thursday Evening Business Brief
  • It was not a great start to 2014 for the stock market. After hitting record after record in 2013, U.S. stocks slumped on the first day of trading of the new year. The Dow Jones industrial average lost 135 points, or 0.8 percent, to close at 16,441.The S&P 500 index fell 16 points, or 0.9 percent, to 1,831. The Nasdaq composite lost 33 ½ points, or 0.8 percent, at 4,143.
  • Expectations of higher global supplies of crude and a strengthening dollar are sending the price of oil down sharply. It dropped 3 percent today. Benchmark crude for February delivery fell $2.98 to close at $95.44 a barrel in New York. It's the biggest one-day drop in crude since November of 2012. At the gas pump, AAA says the price of a gallon of regular rose less than a penny today to $3.33.
  • A Labor Department watchdog says a practice that allows reporters to review a key unemployment report before it's made public should be ended. The department's Inspector General says media "lockups" for weekly jobless benefits are a problem because news outlets can feed the data to investment firms and financial exchanges right after the 30-minute lockups end.
  • Boeing's contract proposal to machinists in the Puget Sound region would likely increase some workers' annual base salaries to more than $100,000 in 2020. The most common class of machinists would reach $82,000.The offer is being put to a vote this week. Local union leaders say machinists should reject it. But the contract would secure work on Boeing's new 777X in the region at a time when 22 states are vying for those jobs.
  • American Airlines says more than 60,000 employees voted and a majority want to paint red, white and blue horizontal stripes on the tails of all AA planes. The company plans to repaint more than 1,100 American, US Airways and US Airways Express planes now that American and US Airways have merged. New American jets already bear the election-winning look.

Previous Story

Next Story

Find Local Businesses on KELO Pages!

View business

You may also like

National Pizza Franchise Coming To Sioux Falls

4/22/2014 4:24 PM

The South Dakota franchise owner of Marco's Pizza plans to open a third location in Sioux Falls at 5007 S. Louise Avenue, next to Noodles &am...

Full Story
Headliners For JazzFest Announced

4/17/2014 10:54 AM

Plans are in place for JazzFest 2014 in Sioux Falls.

Full Story
It Looks Like A Credit Card, But It's Not

4/22/2014 10:01 PM

Small businesses often are short on cash or credit and in need of funding.  A California company is offering local businesses financing through t...

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
City Of Worthington: Dilapidated Mall Is Due To Neglect From Ownership

4/21/2014 10:07 PM

The Northland Mall has been a mainstay in the Worthington community for over 35 years. The dilapidated shopping center has a leaky roof, which could l...

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