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.


22° 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.
Winter Storm Watch for parts of KELOLAND. Click here for details. 

 

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
Find Local Businesses on KELO Pages!

View business

You may also like

Website Ranks The 25 Best Jobs For 2015

1/28/2015 5:12 AM

Physician assistants topped the list, which has an average base salary of $111,376.

Full Story
Refinery Issues Lead To Higher SD Gas Prices

1/27/2015 11:10 AM

For the first time in months, South Dakota's average gas price rose last week.  According to a AAA report, the increase is due to a series of...

Full Story
Proposed Egg Farm Drawing Complaints In Turner County

1/27/2015 7:30 AM

A Sioux Falls-based company hopes to more than double the number of egg-laying hens in South Dakota by opening a large chicken operation near Parker.

Full Story
Five Ways Unmanned Drones Could Affect The American Food Supply

1/25/2015 5:38 PM

Herding cattle. Counting fish. Taking an animal's temperature. Applying pesticides.

Full Story
Omaha Writer To Feature Queen City Bakery

1/28/2015 6:00 PM

Queen City Bakery in Sioux Falls has developed a large fan base locally and now people from all over can experience why. The business is set to be fea...

Full Story | Watch


Events