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.


17° 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

July 8, 2014, 6:53 PM

Tuesday Evening Business Brief
  • The stock market closed lower for a second day in a row as investors position themselves for corporate earnings reports. The Dow industrials fell 117 points today. The S&P 500 lost 13, and the Nasdaq lost 60 points. Technology and small-company stocks fell more than the rest of the market. Major U.S. companies start to report their earnings this week.
  • The car-hailing service Uber is taking on New York City's taxis, temporarily dropping some of its prices by 20 percent. The company says the price of its UberX lower-end service is now cheaper than the rate charged by the city's famous yellow cabs. For instance, a ride from Grand Central Terminal to the financial district would now cost roughly $22, down from $28 before the sale. Uber said a similar ride in a yellow taxi costs $24.
  • The parent company of the Showboat Casino Hotel said today it would consider selling the property to another casino operator if it made a reasonable offer and could be licensed. Gary Thompson, a spokesman for Caesars Entertainment, said the company has received expressions of interest and will do its due diligence if it receives a reasonable offer. Caesars plans to close the Showboat on Aug. 31.
  • The brother of an imprisoned ex-billionaire hedge fund founder was acquitted of conspiracy today, handing Manhattan prosecutors their first loss after dozens of insider trading convictions in prosecutions that relied heavily on wiretaps and the testimony of those who pleaded guilty. After the verdict was announced, Rengan Rajaratnam hugged three attorneys before jurors even left the room.
  • Alcoa Inc. (AA) has reported a second-quarter profit of $138 million, reversing a year-ago loss, and the results beat analysts' expectations. The company reported strong results in its engineered-products business, which makes parts for industrial customers, while looking to cut costs in its aluminum-smelting segment. Alcoa said net income was 12 cents per share. In the year-ago quarter it lost $119 million, or 11 cents per share.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

New Indoor Racing & Recreation Business

11/19/2014 10:05 PM

For about four months out of the year, people in the Sioux Falls area can go go-kart racing and play mini golf.

Full Story | Watch
Second JL Beers Location Planned At Borrowed Bucks

11/13/2014 6:10 PM

A second JL Beers is planned to be connected to Borrowed Bucks Roadhouse in Sioux Falls. 

Full Story
New Sioux Falls Shop Opens Thursday

11/19/2014 11:10 AM

Holiday shoppers will soon have a new spot to buy locally made gifts.

Full Story
Stroller Recall Due To Amputation Hazard

11/20/2014 9:45 AM

More than four million strollers sold in the United States are part of a recall.

Full Story
Gas Stations In Region Struggling To Keep Up Supply

11/18/2014 5:52 PM

Over the past few days, drivers in Sioux Falls have been noticing certain grades of fuel are out of stock at gas stations across town.

Full Story | Watch


Events