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.


70° 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 Morning Business Brief

May 20, 2014, 6:53 AM

Tuesday Morning Business Brief
NEW YORK -

The stock market has been registering only modest gains in the last few days and investors are hoping for something better when trading resumes today. There are no major economic indicators to propel the market. The week has been light so far on reports indicating the health of the economy, and investors have been more focused to this point on headline-grabbing corporate deals. Futures point to a lower opening.

  • International stock markets are mixed thanks to drift caused by a lack of major economic data. Thailand's stock market fell and the currency wobbled after the military declared martial law amid a running political crisis. The dollar gained against the euro and the yen. Benchmark crude oil rose to remain above $102 a barrel.
     
  • China's government has dealt Microsoft a disappointment. Beijing says today that it will avoid buying computer equipment that runs on the Windows 8 operating system. The brief statement gave no explanation. Microsoft wants customers to switch to Windows 8 after support for its 13-year-old Windows XP operating system ended in April. Some customers have avoided that, citing expense and inconvenience.
     
  • The U.S. government has settled a years-long criminal investigation of Switzerland's second largest bank, Credit Suisse. The bank has pleaded guilty to helping rich Americans avoid paying taxes through secret offshore accounts. Credit Suisse also agreed to pay fines of roughly $2.6 billion to the Justice Department, the Federal Reserve and the New York State Department of Financial Services.
     
  • Experts say Internet gambling in the United States is off to a slower start than many had imagined, held back by illegal offshore operators who are continuing to siphon off millions of dollars. David Rebuck, director of the New Jersey Division of Gaming Enforcement, tells a gaming conference that unregulated online gambling can be found in all 50 states. Technical hurdles have also slowed growth, along with laws limiting players to the three states where Internet gambling is legal.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Presidential Proposal Would Expand Overtime Pay

6/30/2015 7:08 AM

Obama is unveiling a proposal to require overtime pay for workers who earn up to $970 per week, up from the current $455 threshold.

Full Story
New Outdoor Venue For Falls Park West

6/29/2015 5:07 PM

Mayor Mike Huether's Capital Improvement Plan includes $2.5 million for the Levitt project.

Full Story | Watch
New Laws Bring Changes To Commercial Driver's Licenses

7/1/2015 6:52 AM

The new regulations raise the minimum age to apply for a commercial driver's license from 16 to 18.

Full Story
Splash Central Sees Success In Its Third Season

6/29/2015 6:15 PM

Pool fees are a hot topic in Sioux Falls for both the new indoor aquatic center and proposed changes at the outdoor pools.  Along with a possible...

Full Story | Watch
SD Board Would Keep Harney Peak Name

6/29/2015 3:38 PM

A South Dakota board has reversed itself and recommended that Harney Peak not be renamed even though some American Indians may find it offensive.

Full Story


Events