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.


66° 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!

 

Tuesday Afternoon Business Brief

February 25, 2014, 2:01 PM

Tuesday Afternoon Business Brief

Trading has been choppy on Wall Street today. The market was lower for most of the morning after the Conference Board reported a surprisingly large drop in consumer confidence. Home Depot was among the companies leading a modest rebound, after the home improvement chain reported higher income than analysts were expecting. Still, the S&P 500, the Dow and the Nasdaq have all dipped back into negative territory in afternoon trading.

  • One of the world's largest bitcoin exchanges appears to have collapsed. A coalition of virtual currency companies says Tokyo-based Mt. Gox went under after secretly racking up catastrophic losses. Mt. Gox's website wasn't functioning today. That follows the resignation Sunday of its CEO from the board of the Bitcoin Foundation, a group seeking legitimacy for the new form of money. Prominent supporters of bitcoin are calling Mt. Gox's collapse an isolated case of mismanagement.
  • Colorado's Pueblo County says it collected $56,000 in sales taxes from the two recreational marijuana stores that opened there in January. Officials say the two shops had about $1 million in total sales that month. Three more stores opened in Pueblo County in February, and officials expect the marijuana industry will generate roughly $670,000 in tax revenue for the county by the end of the year.
  • A team of academic researchers estimates about 35 million gallons of coal ash and contaminated wastewater spilled into a North Carolina river earlier this month from Duke Energy's coal ash dump in Eden. Wake Forest University researchers used aerial photos collected by a drone to create a three-dimensional model of the pit and calculate the volume of toxic ash that flowed out when a pipe collapsed. The size of the spill could be key to determining the fines the company may be assessed for the spill.
  • A congressman says federal officials have launched a criminal probe of a Northern California slaughterhouse that recently recalled more than 8.7 million pounds of beef. Rep. Jared Huffman says he learned about the investigation of the Rancho Feeding Corp. from Agriculture Secretary Tom Vilsack. The USDA has said Rancho processed diseased and unhealthy animals and circumvented federal inspection rules. The recalled beef was sold at Walmart and other national chains and used in products, including Hot Pockets.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

Full Story
Deciding When To Collect Social Security

7/22/2014 10:10 PM

78 million Baby Boomers are retiring or preparing to retire.  The question they all face is when to draw their Social Security benefits. 

Full Story | Watch


Events