User uShare 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.

74° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options




[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Thursday Morning Business Brief

May 15, 2014, 5:39 AM

Thursday Morning Business Brief

Stocks fell back from record levels on Wednesday as investors decided it was better to play it safe. The Standard & Poor's 500 index fell 8.92 points to 1,888.53. The Dow Jones industrial average dropped 101.47 points to 16,613. The Nasdaq composite fell 29.54 points to 4,100.63. Futures point to opening gaines today.

  • European stocks opened marginally higher in early trading today despite muted trading in Asian markets. Investors are waiting for European growth figures later in the day. A survey of analysts by financial data provider FactSet forecasts that the eurozone economy grew 0.4 percent from the previous quarter. Benchmark U.S. crude oil fell to just above $102 a barrel. The dollar edged up against the euro and the yen.
  • The federal government releases a slew of reports today, on industrial production, unemployment benefits, consumer prices, foreign holdings and mortgage rates. The National Association of Home Builders will also report on sentiment among U.S. builders.
  • Japan's economy grew at a 5.9 percent annualized rate in the first quarter, the fastest in nearly three years, as companies and consumers broke out their wallets to beat a sales tax increase that is expected to cause a contraction in the current quarter. The growth figures for the world's third-largest economy released today were in line with expectations. Strong private consumption, residential investment and corporate spending were the biggest contributors.
  • With some controversial pipeline projects appearing on the verge of approval, Canada is also announcing that pipeline companies will be liable for all costs and damages from a spill, regardless of fault or negligence under a new law. But there is fierce environmental and aboriginal opposition to two pipelines in British Columbia. Opponents fear pipeline leaks and a potential Exxon Valdez-like disaster on the pristine Pacific coast.

Previous Story

Next Story

Find Local Businesses on KELO Pages!

View business

You may also like

Former Sioux Falls Executive Investigated For Animal Abuse

8/28/2014 4:15 PM

A former Hot Stuff/Orion Foods President is being investigated for dog abuse in Canada.

Full Story
Westward Ho Country Club Changes Name

8/28/2014 12:56 PM

The Westward Ho Country club in Sioux Falls is changing its name to The Country Club of Sioux Falls.  Members were notified of the change on Thur...

Full Story
Cattle Spooked By LifeLight Noise

8/30/2014 3:58 PM

Farmers say the annual music event is louder this year, and it's causing some problems with their cattle.

Full Story
Sanford And First PREMIER Bank Hosting Concert For Employees

8/29/2014 11:30 AM

Employees from two Sioux Falls employers have an opportunity to see a private concert with two country headliners at the Denny Sanford PREMIER Center.

Full Story
Kraft Recalls American Cheese Singles

9/1/2014 3:59 PM

Before you pack those Kraft American Singles in your child's lunch, you'll want to check the date on the package.

Full Story