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.


49° 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

July 10, 2014, 5:39 AM

Thursday Morning Business Brief
NEW YORK -

Corporate earnings season is off to a positive start and that helped push the stock market higher yesterday. The biggest gainer in the S&P 500 was Alcoa. The aluminum giant's earnings came in well above Wall Street's expectations. The Dow gained 79 points, the S&P added 9 and the Nasdaq composite rose 27 and a half points.

  • Global markets are mixed today with a slight pickup in China's exports failing to give a lift to European stocks after most Asian indexes closed up. China's customs office says June exports grew 7.2 percent in dollar terms from a year earlier, accelerating slightly from May. The growth is a small sign of improvement for the world's No. 2 economy.
     
  • The price of oil has fallen for nine straight days as global supplies continue to flow despite unrest in the world's most important oil-producing region. While the insurgency in Iraq is far from resolved, it hasn't halted oil exports. Libyan crude exports appear poised to surge after an agreement between the government and local militias cleared the way for export terminals to open. Prices are down again today, with benchmark U.S. crude 49 cents lower at $101.79 a barrel in electronic trading on the New York Mercantile Exchange.
     
  • In today's economic news, the Labor Department will report on the number of people who applied for unemployment benefits last week. The Commerce Department issues its May report on wholesale stockpiles. And Freddie Mac reports on average U.S. mortgage rates for this week.
     
  • A Northern California chemical engineer is facing the possibility of more than 20 years in prison when he is sentenced today for a rare economic-espionage conviction. A jury convicted Walter Liew of economic espionage, obstruction of justice and other charges related to the sale of stolen DuPont Co. technology for making white pigment to the Chinese government. His lawyers are seeking a prison sentence of about five years.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Empire Mall Burger King Closes

3/22/2015 2:30 PM

The Burger King inside The Empire Mall in Sioux Falls is closing Sunday, March 22.

Full Story
Plans Released For Pump Park in Brookings

3/27/2015 4:51 PM

The same company that designs BMX bike tracks for the Olympics is coming to South Dakota to create Brookings' newest park.

Full Story
Speed Limit Sign Changes

3/25/2015 6:06 PM

The speed limit is only going up on stretches of road where the limit was 75 miles per hour, now going up to 80 mph.

Full Story | Watch
Woman Pushing For $20 Bill Makover

3/25/2015 9:54 AM

Barbara Ortiz Howard already has a day job maintaining apartment buildings near New York City. Now she has a second job and it's all about money. ...

Full Story
New Car Wash To Open Near 26th St. & Sycamore Ave.

3/24/2015 3:48 PM

Sioux Falls will soon be home to a second Silverstar Car Wash.

Full Story


Events