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.


43° 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!

 

Most Popular Today


Thursday Evening Business Brief

July 24, 2014, 6:45 PM by Chris Dexter

Thursday Evening Business Brief

NEW YORK (AP) - More than 3 billion shares were traded on the New York Stock Exchange today, but the main stock indexes have finished pretty much where they started. Investors had a busy day of corporate earnings and economic reports to digest, but in the end the Dow edged down less than three points to close at 17,083.80. The S&P 500 closed at a new record high, but gained less than a point, finishing just below 1,988. The Nasdaq composite dropped a point and a half to 4,472.

  • The major U.S. stock indexes barely budged today, but underneath the flat surface, there was a lot of movement in individual companies. Facebook's stock rose 5 percent while Caterpillar's fell 3 percent after the companies each reported quarterly results. And homebuilder stocks slid after the government reported that new home sales sagged 8.1 percent last month. Ryan Larson of RBC Global Asset Management says: "It's a stock-specific market right now."
     
  • Visa says its profit climbed 11 percent in its fiscal third quarter over the same period last year. Solid growth in payments volume, service revenue and transactions drove profits. The results beat or matched Wall Street expectations. However, the company has reduced its earnings outlook for the year, noting a stronger U.S. dollar and slow growth in international transactions. That's sending Visa shares into a slump in after-market trading.
     
  • Shares of Amazon.com are falling in aftermarket trading after the e-commerce retailer reported a larger than expected second quarter loss with expenses outpacing a surge in revenue. Amazon has long focused on spending the money it makes to grow and expand into new areas. The company introduced a smartphone due out this week, for instance. It's also expanded Sunday deliveries and recently began offering a set-top video streaming box.
     
  • Starbucks's profits are up as new food and drinks boost U.S. sales. Globally, Starbucks says sales at established locations rose 6 percent for the quarter. That includes a 7 percent increase in the flagship U.S. market, as well as a 7 percent increase in Asia. The Seattle-based coffee chain is raising its guidance for the year, citing the stronger performance.

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
Alco To Close Stores Across South Dakota

11/21/2014 2:03 PM

Several South Dakota cities will soon have one less store.

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


Events