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.


32° 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 26, 2014, 5:05 PM

Thursday Evening Business Brief
  • Stocks are closing lower on Wall Street, with banks posting some of the biggest declines. The Dow Jones industrial average fell 21 points to close at 16,846. The S&P 500 index lost two points to 1,957 and the Nasdaq composite slipped less than a point to 4,379.
  • The price of oil is down. Benchmark U.S. crude for August delivery fell 66 cents to $105.84 a barrel today on the New York Mercantile Exchange.
  • Nike says fourth-quarter net income rose 5 percent as higher revenue offset heavy investments in marketing for the World Cup soccer tournament. Results topped analyst expectations. The athletic gear maker says net income for the three months ended May 31 rose to $698 million, or 78 cents per share. Revenue rose 11 percent, to $7.43 billion from $6.7 billion.
  • Chinese e-commerce company Alibaba will list its shares on the New York Stock Exchange. The company disclosed in a regulatory filing that its American depositary shares will be listed on the NYSE under the ticker symbol "BABA." Alibaba Group Holding Ltd. filed for an IPO in May, and the company is expected to go public in late summer or early fall.
  • The IRS is starting a voluntary program to certify paid tax preparers who complete annual training and pass a competency test. Most preparers are now unregulated. The IRS says the goal is to help consumers know which tax preparers have at least a minimum level of competency. Attorneys, CPAs and others who represent clients before the IRS are exempt because they already undergo training.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

New Indoor Racing & Recreation Business

11/19/2014 10:05 PM

For about four months out of the year, people in the Sioux Falls area can go go-kart racing and play mini golf.

Full Story | Watch
New Sioux Falls Shop Opens Thursday

11/19/2014 11:10 AM

Holiday shoppers will soon have a new spot to buy locally made gifts.

Full Story
Stroller Recall Due To Amputation Hazard

11/20/2014 9:45 AM

More than four million strollers sold in the United States are part of a recall.

Full Story
Gas Stations In Region Struggling To Keep Up Supply

11/18/2014 5:52 PM

Over the past few days, drivers in Sioux Falls have been noticing certain grades of fuel are out of stock at gas stations across town.

Full Story | Watch
Sioux Falls Misses Out Hosting NCAA Tournament Games

11/17/2014 10:50 AM

Sioux Falls won't host any preliminary round games for the 2016-2018 NCAA Men's Division I Basketball Championships.

Full Story


Events