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.


81° 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




Sponsored

 


View business

You may also like

Allegiant Air Pilot Pleads With Tower To Make Emergency Landing

7/29/2015 1:58 PM

An Allegiant Airlines pilot declared a fuel emergency and had to land at a North Dakota airport even though the airport was closed for the Blue Angels...

Full Story
Lick The Spoon Closes East Side Location

7/29/2015 9:53 AM

Just a year after opening on East 10th Street and Bahnson Avenue in Sioux Falls, Lick The Spoon restaurant has closed its doors.  Angela Becker o...

Full Story
Filly Flair Set To Open Sioux Falls Store On Saturday

7/30/2015 5:18 PM

A successful online retailer is opening her first brick and mortar shop in Sioux Falls.

Full Story
Famous Wine Maker Planning Sioux Falls Development

7/29/2015 1:00 PM

Barber tells KELOLAND News while the plans still have yet to be finalized, they call for a couple of apartment buildings with eight to 12 units, as we...

Full Story
Fiat Chrysler To Pay Record Recall Fine

7/27/2015 9:32 AM

The settlement also forces the car maker to repurchase more than half a million Ram pickup trucks built between 2008 and 2012 because defective steeri...

Full Story


Events