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.


45° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Thursday Morning Business Brief

July 24, 2014, 6:28 AM

Thursday Morning Business Brief
NEW YORK -

Corporate financial results have been strong so far this earnings season with most companies beating expectations. Yesterday, however, they pulled the indexes in different directions. Investors had positive earnings from the technology industry to weigh against disappointing news from Boeing. The S&P 500 posted a new record high at 1,987.01. However, Boeing dragged the Dow lower. The aircraft maker's shares fell 2 percent, and the bluechip index finished down nearly 27 points at 17,086.63.

  • World shares are rattled today by reports the European Union is weighing stiffer financial sanctions against Russia, following the shootdown of a Malaysia Airlines plane over a part of Ukraine controlled by pro-Russia separatists. Asian stocks closed mixed, with Hong Kong's Hang Seng up 0.7 and South Korea's Kospi down 0.1 percent. The Nikkei slipped 0.3 percent. European markets opened lower, and Wall Street appears poised for losses with Dow futures and S&P 500 futures both 0.1 percent lower.
     
  • China's manufacturing rose in July to its highest level in 18 months. That's considered a sign that mini-stimulus measures to shore up growth in the world's No. 2 economy have taken hold. The preliminary HSBC purchasing managers' index rose to 52.0 in July from 50.7 in June on a 100-point scale on which numbers below 50 indicate contraction. That's the highest reading since January 2013.
     
  • The government has its usual weekly reports on jobless claims and mortgage rates today, along with the monthly report on new home sales. There's a long list of companies releasing quarterly financial results this morning. They include Ford and General Motors, Caterpillar, 3M, American and Southwest Airlines and Union Pacific.
     
  • Facebook is on a roll. The world's largest online social network posted sharply higher earnings after the market closed yesterday. The company's revenue from mobile advertising continued to grow, while more people used Facebook, more often. The company earned $788 million, or 30 cents per share, in the April-June period. That's more than double its numbers from the same time last year.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Valentino's Restaurant For Sale

10/20/2014 12:18 PM

Prime real estate on 41st Street in Sioux Falls is for sale. Valentino's Restaurant at 41st Street and Western Avenue has been listed for $1.35 mi...

Full Story
Long John Silver's Closes, Building For Sale

10/20/2014 12:31 PM

A longtime fast food option in Sioux Falls, the Long John Silver's restaurant is closing after more than 30 years in business. 

Full Story
Three Sushi Restaurants Suddenly Close In Sioux Falls

10/22/2014 4:45 PM

Three sushi restaurants have all closed for business in Sioux Falls.

Full Story
Pierre Woman Wins On In-Flight Game Show

10/17/2014 12:10 PM

A South Dakotan is a winner on the Allegiant Airlines' first in-flight game show called "The Game Plane."  The reality show is film...

Full Story
SD Gas Prices Jump While Nation Approaches Four-Year Low

10/21/2014 11:00 AM

Gas prices have fallen to a nearly four-year low nationwide at an average of $3.09 a gallon.  AAA South Dakota says U.S. gas prices could drop to...

Full Story


Events