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.


72° 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 Evening Business Brief

March 18, 2014, 6:16 PM

Tuesday Evening Business Brief
  • Encouraging news on housing has helped the stock market build on yesterday's gains. The Commerce Department said today that while home construction slipped 0.2 percent in February, applications for permits to build homes rose a solid 7.7 percent. The S&P 500 rose 13 points to close at 1,872. The Dow added 89 points to 16,336. And, the Nasdaq composite had the biggest gain, climbing 53 points, or 1.3 percent, to 4,333.
  • The nation's four biggest banks have slashed enough homeowner debt to satisfy their obligations under a national mortgage settlement. The settlement was prompted by disclosures about robo-signing, in which companies processed foreclosures without verifying documents. The monitor overseeing the settlement says Bank of America, JPMorgan Chase, Citigroup, and Wells Fargo have provided some $50 billion in relief to more than 600,000 borrowers.
  • New York's attorney general has begun investigating split-second stock trading by high-frequency traders and is asking the exchanges to end the practice. Attorney General Eric Schneiderman calls such trades "unfair." He says millisecond timing advantages gained by things such as extra computer bandwidth and ultra-fast cables allow high-frequency traders to make "rapid and often risk-free trades before the rest of the market can catch up."
  • Global music revenues fell 3.9 percent last year. A sharp drop in compact disc sales in Japan, which accounts for more than a fifth of worldwide sales, pulled revenues down to $15 billion. On the plus side, the growing popularity of free and paid streaming music services such as Pandora and Spotify are helping offset the decline of CD sales. The International Federation of the Phonographic Industry says digital revenue grew 4.3 percent to $5.9 billion in 2013.
  • Google has released a new version of its Android software tailored for Internet-connected watches and other devices that can be worn instead of held. Google says Android watches are being developed by some of the device makers that sell Android smartphones, including Asus, HTC, LG Electronics, Motorola and Samsung. Samsung already sells a smartwatch running on another operating system.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

PREMIER Bankcard Lawsuit Comes Down To Link

8/22/2014 10:00 PM

$5 million: that's the price tag on a lawsuit filed by a South Dakota credit card company, First PREMIER/PREMIER Bankcard against a credit card co...

Full Story | Watch
Single-Screen Theater Closed After Four Decades

8/23/2014 12:33 PM

A single-screen movie theater in Vermillion has closed after serving the area for more than four decades.

Full Story
Sioux Falls Store Included In UPS Breach

8/21/2014 1:53 PM

If you used a credit or debit card at a UPS Store in the last seven months, some of your personal information could be a risk.  

Full Story
Woman-Owned Highway Construction Company

8/21/2014 10:05 PM

There are nearly eight million women owned businesses in the U.S.  But only eight percent of construction businesses are owned by women. 

Full Story | Watch
Napa Winery With SF Ties Recovers From Earthquake Damage

8/24/2014 6:35 PM

A Napa Valley winery with Sioux Falls ties received damage from the largest earthquake to hit the bay area in 25 years.

Full Story


Events