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.


82° 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 Morning Business Brief

February 13, 2014, 5:34 AM

Thursday Morning Business Brief

Investors apparently want to see further evidence the economy is improving for the stock market to advance from here. Weak earnings yesterday from Lorillard and Procter & Gamble helped end the market's longest winning streak of the year -- four days. The S&P 500 fell half a point. The Dow dropped nearly 31 points. The Nasdaq rose 10 points. Futures point to losses at this morning's opening.

  • International stock markets fell today, led by a drop in Tokyo, as investors fretted upcoming U.S. indicators would show weakness in the world's biggest economy. The soft stock markets came after investors plowed back into riskier assets for several days, encouraged by improved trade figures from China and the new U.S. Federal Reserve chief's pledge to continue low interest rates. Benchmark U.S. crude oil fell below $100 a barrel. The dollar fell against the euro and the yen.
  • The weekly jobless claims report will be released today. The government will also report retail sales data for January and business inventories for December. Freddie Mac will issue weekly mortgage rates. There are also quarterly earnings reports today from PepsiCo, Burger King, Kraft Foods, Starwood Hotels & Resorts and Goodyear.
  • A couple of cable TV titans seek to become one. Two people familiar with the matter say Comcast has agreed to buy Time Warner Cable for $45.2 billion in stock. The deal would make Comcast, which also owns NBCUniversal, a dominant force in both creating and delivering entertainment to U.S. homes.
  • Lenders repossessed fewer U.S. homes in January, bringing the number of completed foreclosures down to the lowest level in more than six years. Even so, many states posted sharp increases in the number of homes entering the foreclosure process for the first time. Foreclosure listing firm RealtyTrac Inc. says banks took back 30,226 homes last month, a drop of 4 percent from December. Completed foreclosures were down 40 percent from January last year.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Deciding When To Collect Social Security

7/22/2014 10:10 PM

78 million Baby Boomers are retiring or preparing to retire.  The question they all face is when to draw their Social Security benefits. 

Full Story | Watch
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

Full Story


Events