User uShare 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.

68° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



Share your Photos, Videos, and Stories on uShare! Click here to get started.


[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Tuesday Afternoon Business Brief

August 26, 2014, 1:51 PM

Tuesday Afternoon Business Brief
  • Stocks are hovering near record territory in afternoon trading, a day after the Standard & Poor's 500 index closed just short of the 2,000-point milestone. Encouraging economic news helped set the major stock indexes on course to extend their prior-day's gains.
  • The Conference Board says its consumer confidence index rose this month to the highest point in nearly seven years. Strong job gains helped boost the index, which has been rising for four months. A separate report showed that orders of durable manufactured goods surged by a record 22.6 percent in July, thanks to a jump in aircraft sales.
  • Burger King says overseas growth, not lower taxes, was the driving force behind its $11 billion deal to buy Canadian chain Tim Hortons. The corporate headquarters of the new company will be in Canada. Burger King stressed the deal wasn't driven by a desire to take advantage of the country's lower tax rates, but the international growth possibilities of Tim Hortons.
  • A survey of three dozen economists by The Associated Press suggests they are of two minds about the Federal Reserve. They agree with the Fed that the job market still isn't healthy. But the survey finds that most economists fear the Fed will wait too long to raise interest rates and thereby risk stoking inflation or creating asset bubbles.
  • The Obama administration has picked a Connecticut official to run ahead of a second open enrollment season looming as a test of competence for the feds. Kevin Counihan leads Access Health CT, a health insurance marketplace seen as a national model. The role of federal CEO is new, created to avoid a repeat of last year's technical meltdown.

Previous Story

Next Story



View business

You may also like

Stacy Phelps Resigns From Board of Education

10/2/2015 3:14 PM

Phelps administered the GEAR UP program which prepared and encouraged Native American students to enroll into higher educaton.

Full Story
Mitchell Superintendent Defends 'Second Job'

10/5/2015 10:02 PM

Our KELOLAND News investigation revealed some of the problems surrounding the multimillion dollar GEAR UP grant that caused the state to end its partn...

Full Story | Watch
Sioux Falls Floral Shop Fills Special Order For Elton John

10/1/2015 4:48 PM

Sir Elton John will be surrounded by beautiful flowers during his stop in Sioux Falls.

Full Story
Coffee Shop, Pizza Chain Both Opening In East Sioux Falls

10/2/2015 2:03 PM

Marco's Pizza filed a building permit to set up shop in a new stripmall on South Sycamore Avenue.

Full Story
Missing Documents On Secretary Of State Website

10/6/2015 6:05 PM

Half a million documents that are supposed to be on the South Dakota's Secretary of State website are not online.  The current Secretary Shan...

Full Story | Watch