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.


51° 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 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




 
Find Local Businesses on KELO Pages!

View business

You may also like

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
Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
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
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
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story


Events