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.


38° 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

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


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Plans Released For Pump Park in Brookings

3/27/2015 4:51 PM

The same company that designs BMX bike tracks for the Olympics is coming to South Dakota to create Brookings' newest park.

Full Story
Speed Limit Sign Changes

3/25/2015 6:06 PM

The speed limit is only going up on stretches of road where the limit was 75 miles per hour, now going up to 80 mph.

Full Story | Watch
Woman Pushing For $20 Bill Makover

3/25/2015 9:54 AM

Barbara Ortiz Howard already has a day job maintaining apartment buildings near New York City. Now she has a second job and it's all about money. ...

Full Story
New Car Wash To Open Near 26th St. & Sycamore Ave.

3/24/2015 3:48 PM

Sioux Falls will soon be home to a second Silverstar Car Wash.

Full Story
GM Ignition Switch Death Toll Rises To 74

3/23/2015 11:20 AM

Families of at least 74 people killed in crashes caused by defective General Motors ignition switches will get compensation from the company.

Full Story


Events