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.


58° 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

September 2, 2014, 6:11 PM

Tuesday Evening Business Brief
  • The stock market suffered a tiny loss today despite strong reports about the U.S. economy. The Standard & Poor's 500 index slipped 1.09 points, to 2,002.28. The Dow Jones industrial average fell 30.89 points, or 0.2 percent, to 17, 067.56. One analyst explained by saying that signs of solid economic growth raise the odds that the Federal Reserve will move to lift short-term interest rates.
  • Home Depot is investigating a potential credit card data breach. The Atlanta home improvement retailer tells The Associated Press it's looking into "unusual activity" and that it's working with both banks and law enforcement. The possible data breach was first reported by Brian Krebs of Krebs on Security, a website that focuses on cyber security. Krebs said multiple banks reported "evidence that Home Depot stores may be the source of a massive new batch of stolen credit and debit cards."
  • Opening statements began today in the Detroit bankruptcy trial. Bruce Bennett, one of the city's lawyers, says the trial will resume on Wednesday morning. He says progress "has been made, but the city is still in distress." Detroit expects to cut $12 billion in unsecured debt to about $5 billion. Most creditors, including more than 30,000 retirees and city employees, have endorsed a restructuring plan that has been brought forward.
  • Atlantic City's newest casino - and its biggest, costliest flop - went out with barely a whimper today. Revel Casino Hotel opened a little more than two years ago amid high hopes of turning around Atlantic City's struggling casino market. But the $2.4 billion resort shut down as its casino closed one day after the hotel checked out its last guest
  • McDonald's says it will monitor its suppliers in China more closely after a food-safety scandal in the country hurt the hamburger chain's sales and reputation. The company says Tuesday it plans to increase audits and video monitoring at its suppliers and send more employees to meat production facilities to ensure that its food is prepared safely. It also named a new food safety officer and created a hotline where employees can report poor food safety practices.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Local Company Takes Part In Internet Slowdown Day

9/10/2014 10:45 AM

Some Internet sites may be loading slower on Wednesday, and it is intentional.

Full Story
Historic Sioux Falls Building For Sale

9/15/2014 4:24 PM

The Carpenter Building on South Phillips Avenue in Sioux Falls is for sale for $4.2 million.

Full Story
Oh My Cupcakes! Expands To Empire Mall

9/10/2014 1:45 PM

A popular cupcake shop in Sioux Falls will open up a "cupcake cart" near the center court in the Empire Mall next month.

Full Story
'No More Wiggle Room' In Vikings Stadium Schedule

9/10/2014 2:27 PM

A Minnesota Vikings official says there is "no more wiggle room" in the construction schedule for the team's $1 billion stadium after a ...

Full Story
Good Samaritan Society Responds To Changes In Industry

9/11/2014 10:05 PM

The largest non-profit senior care and services organization in the U.S is located right here in Sioux Falls, and like all branches of health care is ...

Full Story | Watch


Events