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.


20° 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

August 12, 2014, 2:50 PM

Tuesday Afternoon Business Brief
  • Stocks are sagging in quiet trading on Wall Street. The Dow, the S&P 500 and the Nasdaq composite are all moderately lower. Energy stocks are among the biggest decliners, dragged down by lower oil prices. The S&P 500 energy index was off nearly 1 percent. Benchmark U.S. crude is down again today, trading below $98. That follows three days of increases on concerns about Iraqi oil production.
  • There's another upbeat report on the job market today. The Labor Department says U.S. employers advertised 4.67 million jobs in June, the most monthly job openings in more than 13 years. Roughly the same percentage of Americans quit their jobs in June as they did in May, though the rate has increased over the past year. Quit rates usually rise when employees are finding new and better-paying jobs.
  • A major Detroit creditor is objecting to the city's debt restructuring plan, saying it should be scrapped before trial. Bond insurer Syncora Guarantee says in a court filing Tuesday that the plan will be costly to defend and will fail in court. Syncora's objection says mediators "acted improperly by orchestrating a settlement that alienates the city's most valuable assets for the sole benefit of one creditor group." Syncora's claim is about $400 million. The trial for the largest municipal bankruptcy in U.S. history is set to start in nine days.
  • Kate Spade has gone through a big swing today. After reporting a better-than-expected quarterly profit, shares in the handbag company surged more than 10 percent this morning. But they've since plunged, down more than 20 percent on the day, after executives warned that sales growth would slow this year.
  • Apple has released a breakdown of its hiring demographics, and it mirrors those at other major Silicon Valley companies. It shows Apple's high-paying technology jobs are primarily filled by white and Asian men. Fifty-four percent of U.S. positions are handled by whites and another 23 percent by Asians. Men make up 80 percent of Apple's technology workforce worldwide. CEO Tim Cook is expressing dissatisfaction with that lack of diversity in a letter posted alongside the data.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Sioux Falls Nail Salon Shut Down By SD Cosmetology Commission

10/30/2014 11:00 AM

The South Dakota Cosmetology Commission has shut down #1 Nails Salon in Sioux Falls.  The commission revoked the license of owner Ngoc Lan T...

Full Story
Nail Salon's License Revoked

10/30/2014 6:07 PM

Bribery attempts and safety and sanitary violations have put a Sioux Falls nail salon owner out of business.

Full Story | Watch
SD Unclaimed Property Fund Up To $65 Million

10/30/2014 1:45 PM

South Dakota's unclaimed property fund is now up to $65 million.

Full Story
Sioux Falls To Get Second Five Guys Location

10/29/2014 11:45 AM

Five Guys Burgers and Fries will open up a second location in Sioux Falls in the former Extreme Automotive building at 49th Street and Louise Avenue.

Full Story
Three Sushi Restaurants Back Open

10/27/2014 11:10 AM

The three sushi restaurants that closed last week in Sioux Falls were back open for business over the weekend.

Full Story


Events