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.


27° 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

August 7, 2014, 5:43 AM

Thursday Morning Business Brief
NEW YORK -

Investors are looking for more stability in the stock market. Stocks held steady yesterday after a sizable drop on Tuesday. The S&P 500 rose a fraction of a point Wednesday to 1,920. The index lost 18 points on Tuesday. The Dow industrials rose 14 points to 16,443 and the Nasdaq composite rose two points to 4,355.

  • Global stocks are mostly lower today as markets waited for central bank meetings in Europe and Japan. Investors are also on edge about tensions between Ukraine and Russia. Benchmarks indexes in Britain and France are lower, while Germany's DAX is flat. Japan's Nikkei added 0.5 percent, follow five straight losing sessions. Other Asian markets were down.
     
  • Russia is retaliating against sanctions imposed against it over the crisis in Ukraine. Moscow is banning imports of meat, fish, fruit, vegetables, milk and milk products from the United States, the European Union, Australia, Canada and Norway. Prime Minister Dmitry Medvedev says Russia is also considering banning Western carriers from flying over Russia on flights to and from Asia - a move that would significantly swell costs and increase flight time.
     
  • Bank of America may be close to resolving the federal investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis. A person directly familiar with the matter tells The Associated Press that the bank is nearing a $16 billion to $17 billion settlement, which would make it the largest Justice Department settlement arising from the economic meltdown in which millions of Americans lost their homes to foreclosure, topping the deals reached with Citigroup and JPMorgan Chase.
     
  • The government will release the weekly jobless claims number today. Also due out are the weekly mortgage rate report from Freddie Mac and the Federal Reserve's report on June's consumer credit data. Freddie Mac and Fannie Mae will report quarterly financial results as well. Selected chain retailers will release July sales today.

Previous Story

Next Story




Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Auto Dealer Chain To Pay Fine For Deceptive Ads

12/12/2014 11:41 AM

A family-owned chain of automobile dealerships located in Iowa, Montana and South Dakota will pay a $360,000 civil penalty for running deceptive ads.

Full Story
National Attention For Sioux Falls Bakery

12/15/2014 9:56 AM

A Sioux Falls bakery is getting more national recognition.  CH Patisserie has been named one of the top 75 bakeries in the nation by The Daily Me...

Full Story
Cliff Hangers Gallery Closes; Customers Want Items Back

12/15/2014 10:10 PM

For more than two decades, Cliff Hangers Gallery has been a fixture in Sioux Falls.  A couple of years ago, the business moved from Park Ridge Ga...

Full Story | Watch
What Will Cost More/Less In 2015

12/16/2014 1:36 PM

Industry experts say gasoline prices will continue to fall in 2015, but other prices are expected to rise.

Full Story
Denny Sanford To Donate $25 Million For Scholarship Program

12/16/2014 4:30 PM

Philanthropist T. Denny Sanford is donating $25 million to South Dakota for a scholarship program for the state's technical schools.&nbs...

Full Story


Events