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.

60° 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

February 27, 2014, 7:01 PM

Thursday Evening Business Brief

NEW YORK (AP) - The Standard & Poor's 500 index is closing at a record high and has turned positive for the year. The all-time high came after solid results from a number of U.S. companies. The S&P 500 increased nine points today to 1,854, beating its Jan. 15 record by six points. The Dow Jones industrial average rose 74 points to 16,272. The Nasdaq climbed 27 points to 4,318.

  • Oil prices are down a bit. Benchmark crude for April delivery slipped 19 cents today to close at $102.40 a barrel in New York. At the gas pump, the average price for a gallon of regular rose a penny to $3.44. The price has risen 16 cents in the past month as refineries undergo seasonal maintenance. That reduces supplies and forces pump prices higher.
  • Wells Fargo is cutting 700 jobs from its home lending business as mortgage refinancing slows down. The rise in interest rates is blamed. A Wells Fargo spokesman says the number of new mortgages is continuing to drop in the first quarter of this year, although not as fast as last year. On Tuesday, JPMorgan Chase said it would cut 6,000 jobs from its mortgage unit this year.
  • Rowe Fine Furniture is recalling about 220 ottomans because young children could become trapped inside its storage compartment and suffocate, although no injuries have been reported. The recall is for Rowe's Dalton-style wooden ottomans with the model number F135-064 printed on a tag underneath it.
  • Google's mystery barge is heading on a short cruise to comply with an order requiring it to move from its current home on a San Francisco Bay island. The agency leasing the Treasure Island space where the barge is being built says the four-story vessel is bound for the Port of Stockton. Google says the barge will become a floating technology center once it's done.

Previous Story

Next Story

Find Local Businesses on KELO Pages!

View business

You may also like

Millions Of Android Phones At Risk For Heartbleed

4/15/2014 4:10 PM

If you've got an Android phone, your device could be susceptible to the Heartbleed security problem.

Full Story
Shrimp Prices Soar

4/16/2014 11:00 AM

The next time you order shrimp scampi of the menu, you may be in for sticker shock. 

Full Story
Headliners For JazzFest Announced

4/17/2014 10:54 AM

Plans are in place for JazzFest 2014 in Sioux Falls.

Full Story
Key Unlocks Gas Pumps For ID Thieves

4/14/2014 10:10 PM

Drivers who've fueled up in Rapid City are being warned that their debit and credit card numbers may have been stolen after "numerous" s...

Full Story | Watch
Rental Scam Targets Sioux Falls

4/11/2014 10:10 PM

If you're in the market to rent a house in Sioux Falls, you could be target of a scam.  Sioux Falls realtors say their home listings are bein...

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