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.


56° 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

June 3, 2014, 5:42 AM

Tuesday Morning Business Brief

Stock indexes erased an early slide and ended with modest gains after a report on U.S. manufacturing was revised higher yesterday. A trade group said U.S. manufacturing grew at a brisk pace last month, correcting its earlier statement that growth had slowed. The Dow industrials rose 26 points. The S&P 500 gained a point, to finish at another all-time closing high. The Nasdaq composite lost five points. Futures point to a slightly lower opening.

  • Global stocks were mixed today with inflation data showing a weak recovery in Europe even as Chinese manufacturing was recovering from contraction. Benchmark U.S. crude oil fell but remained above $102 a barrel. The dollar fell against the euro and the yen.
     
  • Investors will be watching closely as the Commerce Department later today releases its report on factor y orders for April. Much of the strength in this key economic indicator this year has come from an increase in demand for military aircraft. Another eye-catching report due today is the release by automakers of their sales figures for May.
     
  • Inflation in the eurozone sagged to an annual rate of 0.5 percent in May, adding pressure on the European Central Bank to take action to support a weak recovery and ward off the danger of a drop in consumer prices. The figure released today by the European Union's statistics agency fell from 0.7 percent in April and was short of market analysts' forecasts for 0.6 percent.
     
  • Sony Corp. is pulling the plug on its handheld PlayStation Portable video game machine after 10 years. The Japanese electronics and entertainment company has been pushing the successor machine, PlayStation Vita. Some analysts say the Vita has not sold in significant numbers. Tokyo-based Sony said Tuesday that PSP shipments ended in North America in January, will end in Japan this month and later this year in Europe. Machines devoted to games are struggling against the popularity of smartphones and other devices. Sony reported a $1.3 billion loss for last fiscal year and is expecting to stay in the red this year.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Lick The Spoon Expands Pot Pie Business

4/14/2015 3:00 PM

Lick The Spoon is expanding its pot pie business.  

Full Story
Dozens Of Park Positions To Fill Yet

4/15/2015 5:00 PM

Every summer, the city of Sioux Falls hires hundreds of people for seasonal jobs within the park system

Full Story | Watch
SD Driver License Stations Accept Plastic

4/16/2015 11:45 AM

You no longer need to stop by a cash machine before renewing your driver license.  All South Dakota exam stations now accept credit and debit car...

Full Story
First Dakota National Bank Buys Home Federal Branch in Pierre

4/15/2015 5:50 PM

First Dakota will assume deposits and loans associated with the branch and will acquire the branch facilities and equipment.

Full Story
What To Shred On Saturday

4/16/2015 10:10 PM

April 15, 2015 has come and gone.  Now it's time to get rid of old tax returns you don't need anymore.  But what should you shred an...

Full Story | Watch


Events