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.


74° 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

May 27, 2014, 6:29 PM

Tuesday Evening Business Brief
  • More promising signs that the economy is strengthening after its winter slowdown have pushed stocks higher. The S&P 500 index, the benchmark for most U.S. mutual funds, rose for the fourth straight day and ended at another all-time high. It added 11 points to 1,911.91. The Dow climbed 69 points to 16,675.50. And the Nasdaq composite rose 51 to 4,237.
  • The Federal Trade Commission is urging Congress to tighten rules for data brokers and help consumers control their personal information. FTC Chairwoman Edith Ramirez calls the amount of information collected on consumers "quite astonishing." She says the FTC wants Congress to require more transparency from data brokers and for consumers to have more control over how their personal information is used.
  • The president of the European Central Bank says he is mindful of the danger of inflation remaining too low in the 18-country eurozone, but he's not saying what action might be taken to address it. The inflation rate among countries using the euro currency has been below 1 percent since October, which makes debt reduction more difficult. The ECB's monthly policy meeting next week is widely expected to announce new measures on inflation.
  • Philadelphia's two largest newspapers have been sold at auction for $88 million. Businessman Lewis Katz and philanthropist H.G. "Gerry" Lenfest are taking over The Philadelphia Inquirer, the Philadelphia Daily News and the Philly.com news website. Katz and another businessman bought it for $55 million two years ago, but feuded over how the papers should be run. Kats supports the investigative reporting favored by the current Inquirer editor. He vows to keep a focus on serious journalism, despite ad and circulation declines.
  • A scientists' group says Hyundai-Kia has unseated Honda as the greenest automaker in the U.S.  The Union of Concerned Scientists ranks the eight top-selling automakers based on carbon and smog-forming emissions of their fleets. The group says all eight automakers reduced pollution for the first time.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

Full Story
New Mortgage Rules

7/16/2014 10:10 PM

This year, new mortgage rules went into effect to protect homeowners who are struggling. Potential buyers are also required to get education before en...

Full Story | Watch


Events