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.


37° 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 12, 2014, 4:29 PM

Thursday Evening Business Brief
  • Stocks are closing sharply lower as lackluster news about the economy and declines in airline stocks weigh on the market. The Dow Jones industrial average dropped by more than 100 points for the second straight day today, ending down 109 points to 16,734. The S&P 500 index fell 13 points to 1,930. The Nasdaq was down 34 points to 4,297.
  • The price of oil is spiking. An insurgency in Iraq is raising the risk of disruptions to supplies at a time when other major oil-producing countries are already pumping near capacity. Benchmark crude rose $2.13, or 2 percent, to close at $106.53 a barrel today in New York. Drivers are watching. But today the average for a gallon of gas was $3.65, down 1 cent from a week ago.
  • Tesla Motors is opening access to its patents to accelerate electric vehicle development. Tesla CEO Elon Musk says the company will share several hundred patents and won't sue those who use them. Musk says the patents could be a "modest" help to other firms developing electric cars. Tesla has more than 200 patents covering batteries and other key features.
  • Many federal workers and contractors who earn the minimum wage are getting a raise next year. The Labor Department secretary has issued a rule to raise the minimum wage from $7.25 an hour to $10.10. The higher level applies to new federal construction and service contracts beginning Jan. 1. President Barack Obama had announced the raise earlier this year.
  • Agricultural, food and beverage companies are spending millions of dollars to defeat legislation to require labels on food containing genetically modified crops in New York. Supporters argue people should know if food contains GMO ingredients. Opponents say GMOs are safe and that labels will increase prices while unnecessarily frightening consumers.

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
RibFest Announces Concert Headliners

3/30/2015 8:40 AM

Montgomery Gentry, Cheap Trick, Uncle Kracker and Warrant are scheduled to perform at the annual event from May 28 to May 31. 

Full Story
How Much Do You Take Home In Pay?

3/30/2015 9:45 AM

How much does making $50,000 a year differ from one state to another, once you figure in taxes and cost of living?

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


Events