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.


36° 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 Evening Business Brief

October 9, 2012, 5:41 PM

Tuesday Evening Business Brief
  • Stocks lost ground today after the International Monetary Fund predicted weaker global economic growth. At the closing bell on Wall Street, the Dow dropped 110 points to 13,474. The S&P declined 14 points, while the Nasdaq lost 47.
  • Aluminum manufacturer Alcoa says it lost $143 million in the third quarter due to charges, but the results otherwise topped Wall Street's forecasts. Alcoa is the first company in the Dow Jones industrial average to report earnings.
  • Wal-Mart is testing a same-day delivery service in some areas for its customers buying during the holiday shopping season. The move comes as the world's largest retailer faces increasing competition from Amazon.com, which is itself testing same-day delivery service in 10 markets.
  • The federal government has sued Wells Fargo Bank in New York, blaming the nation's largest originator of home mortgages for thousands of loan defaults over the last decade. A civil mortgage fraud lawsuit filed in U.S. District Court in Manhattan seeks to recover hundreds of millions of dollars that the Federal Housing Administration, which insured the loans, had to pay out after borrowers defaulted.
  • Penske Media, owner of the edgy entertainment website Deadline, has purchased legendary show business publication Variety for $25 million. Variety has covered show business since 1905 and is still considered a major source of entertainment news. Parent Reed Elsevier had put Variety up for sale in March as part of an effort to move away from advertising reliant businesses.

Find more business stories on the Back To Business page.

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