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.


55° 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 Evening Business Brief

January 30, 2014, 5:22 PM

Thursday Evening Business Brief
  • The stock market is having its best day in six weeks. The government reported strong growth in the U.S. economy and several companies posted earnings gains. The Dow rose 110 points, or 0.7 percent, to close at 15,848. The S&P 500 climbed 20 points, or 1.1 percent, to 1,794, its best day since Dec. 18. The Nasdaq jumped nearly 72 points, or 1.8 percent, to 4,123. 
  • Signs of a strengthening U.S. economy are prompting expectations of greater demand for oil. The price of oil closed above $98 a barrel for the first time in a month. Benchmark crude for March gained 87 cents to finish the day at $98.23 a barrel in New York. Drivers are getting a break at the gas pump. The average price for a gallon of regular is $3.28. That's down 1 cent from a week ago.
  • Google says its fourth-quarter earnings rose 17 percent, even though a long-running slump in its online ad prices deepened. The company earned $3.4 billion, or $9.90 per share. That compares with $2.9 billion, or $8.62 per share, in the prior year. Revenue rose 17 percent to $16.9 billion.
  • Amazon's profit and revenue both grew in the latest quarter, but its results are below what analysts expected. It earned $239 million, or 51 cents per share, in the October-December period. That's up from $97 million, or 21 cents per share, in the same period a year earlier. Amazon.com says its revenue grew 20 percent in the fourth quarter, to $25.59 billion from $21.27 billion.
  • Federal Reserve Vice Chair Janet Yellen will be sworn in Monday to succeed Ben Bernanke, becoming the first woman to lead the Fed in its 100-year history. The private swearing-in ceremony will take place at 9 a.m. Eastern time. Bernanke's term as chairman will end at midnight Friday. The Fed says Yellen can to exercise all the duties of chair beginning this weekend.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story
Simply Mac Coming To Sioux Falls

7/28/2014 1:12 PM

Apple users will soon have another option for sales and service support.

Full Story
Dawley Farm Village Expands

7/25/2014 10:10 PM

If you don't live on the Sioux Falls east side, or haven't taken a drive over there lately, you may not have noticed all the new businesses.

Full Story | Watch


Events