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.


33° 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

August 19, 2014, 5:40 PM

Tuesday Evening Business Brief
  • U.S. stocks have closed higher after investors got some encouraging news about home building, consumer prices and corporate earnings. The Dow Jones industrial average rose 80 points, or 0.5 percent, to close at 16,919 Tuesday. The Standard & Poor's 500 index rose nine points, or 0.5 percent, to 1,981. The index is now six points below the record high close it reached on July 24. The Nasdaq climbed 19 points, or 0.5 percent, to 4,527.
  • A government audit says a tax on medical devices is falling short of its revenue target because thousands of companies aren't paying. Congress enacted the tax to help pay for the nation's health care law. The audit by the Treasury inspector general for tax administration says the Internal Revenue Service collected 24 percent less than estimated. The inspector general says the IRS needs to do a better job policing the tax.
  • Uber is stepping up its political game with a high-powered new hire. The taxi-alternative service is hiring a former White House adviser, David Plouffe, to lead its campaign for acceptance in the 170 cities around the world where it operates. The service has met with resistance from taxi services and local governments in some cities, due to safety fears and complaints that the service can dodge rules taxicabs must follow.
  • The nation's largest private prison company has paid more than $8 million in back wages and benefits to current and former employees at its federal prison facility in California City. The U.S. Department of Labor said today that Corrections Corp. of America paid the money to staff at the California City Correctional Center after an investigation found it wasn't paying the rates required of federal contractors. A department official says in some cases employees were paid 40 percent less than required; the company also failed to make required contributions to retirement accounts and health and life insurance.
  • Peanut and almond butters sold at Whole Foods, Trader Joe's and other grocers are being recalled because of possible salmonella contamination. A unit of Hain Celestial Group Inc. says there have been reports of four illnesses that may be related to the nut butters. They were sold under the brand names Arrowhead Mills Peanut Butters, MaraNatha Almond Butters and Peanut Butters, and private label brands for Whole Foods, Trader Joe's, Kroger and Safeway.

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
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
Sioux Falls Misses Out Hosting NCAA Tournament Games

11/17/2014 10:50 AM

Sioux Falls won't host any preliminary round games for the 2016-2018 NCAA Men's Division I Basketball Championships.

Full Story


Events