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.


70° 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 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

 


View business

You may also like

Presidential Proposal Would Expand Overtime Pay

6/30/2015 7:08 AM

Obama is unveiling a proposal to require overtime pay for workers who earn up to $970 per week, up from the current $455 threshold.

Full Story
New Outdoor Venue For Falls Park West

6/29/2015 5:07 PM

Mayor Mike Huether's Capital Improvement Plan includes $2.5 million for the Levitt project.

Full Story | Watch
New Laws Bring Changes To Commercial Driver's Licenses

7/1/2015 6:52 AM

The new regulations raise the minimum age to apply for a commercial driver's license from 16 to 18.

Full Story
Splash Central Sees Success In Its Third Season

6/29/2015 6:15 PM

Pool fees are a hot topic in Sioux Falls for both the new indoor aquatic center and proposed changes at the outdoor pools.  Along with a possible...

Full Story | Watch
SD Board Would Keep Harney Peak Name

6/29/2015 3:38 PM

A South Dakota board has reversed itself and recommended that Harney Peak not be renamed even though some American Indians may find it offensive.

Full Story


Events