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.


62° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Thursday Evening Business Brief

June 5, 2014, 6:51 PM

Thursday Evening Business Brief
  • Stocks are ending higher after the European Central Bank cut two key interest rates to boost the region's sluggish economy. The S&P 500 index rose 12 ½ points to close at 1,940. The Dow Jones industrial average climbed 98 ½ points to 16,836. Both indexes closed at record highs. The Nasdaq composite increased 44 1/2 points to 4,296, far below its record high.
  • The price of oil is holding steady. It barely budged for a fourth straight day, as traders await the latest report from the government on the state of the jobs market. Benchmark U.S. crude for July delivery fell 16 cents to $102.48 a barrel today in New York. For the week oil is down 33 cents. At the gas pump, the price of a gallon averaged $3.66. That up 1 cent from a week ago.
  • Mortgage buyer Freddie Mac says average rates on fixed mortgages rose slightly this week, reversing a five-week downward trend. The average rate for a 30-year loan edged up to 4.14 percent from 4.12 percent last week. The average for the 15-year mortgage climbed to 3.23 percent from 3.21 percent.
  • Verizon Communications, the country's fourth-largest home Internet service provider, is telling Netflix to stop blaming it for bad video quality or face a lawsuit. Verizon is reacting to messages appearing on the screens of some Netflix subscribers that blame poor video quality on their Internet service providers.
  • A New York City jury is awarding the Beastie Boys $1.7 million in a copyright violation case against beverage-maker Monster Energy Co. The decision came today in federal court. Monster admitted wrongly using Beastie Boys songs in a video that was online for five weeks but insisted it should owe no more than $125,000. The Beastie Boys had sought $2 million.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

SF Judge Considering Another Walmart Lawsuit

9/19/2014 5:41 PM

Homeowners believe the City of Sioux Falls didn't live up to its promise of having a conditional use permitting process for the new store proposed...

Full Story | Watch
Cracked Windshield Forces Jet To Land In Wichita

9/22/2014 1:12 PM

A 50-seat jet flying to Dallas was forced to land in Wichita after its windshield cracked.

Full Story
Great Outdoor Store Recognized By National Magazine

9/17/2014 3:33 PM

Outdoor USA Magazine is giving high marks to a Sioux Falls store.

Full Story
Committee Gives Final OK To Rest Stop Rule Changes

9/16/2014 1:22 PM

A South Dakota panel has approved rule changes in multiple state departments that include allowing the Department of Transportation to regulate newsst...

Full Story
Digital Guitar Made In Sioux Falls

9/16/2014 10:10 PM

Sioux Falls native and South Dakota State graduate Ed Cannon is behind a new product for Apple's iPad, iPhone and MacBook. 

Full Story | Watch


Events