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.


74° 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!

 

Tuesday Afternoon Business Brief

May 15, 2012, 1:17 PM

Tuesday Afternoon Business Brief

U.S. stocks have edged higher after some initial hesitation. Investors are juggling concerns including continued paralysis in Greece and fresh economic reports, including word from the Commerce Department that retail sales rose just 0.1 percent last month.

  • JPMorgan Chase chief Jamie Dimon has won a shareholder endorsement of his pay package, despite revealing that the bank suffered a $2 billion trading loss. He also prevailed in a vote aimed at separating the duties of the CEO and chairman.
  • Greece is headed for another month of political deadlock ahead of new elections planned for mid-June. Party leaders today failed to reach an agreement to build a coalition government.
  • Does this sound familiar? House Speaker John Boehner says if Congress raises the nation's borrowing cap he'll press for spending cuts and budget reforms to offset the increase. Treasury Secretary Tim Geithner says the government will hit its borrowing cap late this year but that Treasury can use accounting maneuvers to buy time for the newly elected Congress to deal with the issue early next year.
  • Home Depot says that its quarterly profit rose nearly 28 percent. Unseasonably warm winter and increased business from contractors and other professional customers boosted results at the world's biggest home-improvement company. The largest home improvement retailer also raised its outlook for the full year, but revenue was shy of Wall Street expectations.

For more local business news, visit the Back to Business page of KELOLAND.com.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Capital One Closing In Sioux Falls

7/23/2015 12:12 PM

Employees were told Thursday that the credit card company will close its Sioux Falls office by the end of the year.

Full Story
Record Sturgis Rally To Bring Big Traffic Challenge

7/21/2015 6:17 PM

If projections are close, the 75th Sturgis Motorcycle Rally during the first week of August could attract a record million people to the Black Hills. ...

Full Story | Watch
New Pizza Chain Coming To Sioux Falls

7/22/2015 4:15 PM

Wisconsin-based chain, Toppers Pizza is going into a strip mall on South Minnesota Avenue in Sioux Falls. 

Full Story
Gas Prices Jump in SD, Fall Everywhere Else

7/21/2015 11:10 AM

The state average for gasoline in South Dakota is at its high for the year at $2.79 a gallon.  That's the highest average price since last No...

Full Story
Picker's Flea Market Closing, Celebrate Church Expanding

7/24/2015 2:15 PM

Thorson ran several shops in Yankton before opening a store in Sioux Falls. The store will close August 16.

Full Story


Events