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.


30° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Freezing rain switching to snow Sunday evening through Monday.

 

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Wednesday Afternoon Business Brief

July 18, 2012, 1:28 PM

Wednesday Afternoon Business Brief

Technology stocks have led the way as the stock market has rallied today. Investors were cheered by a report on new home construction that was much better than expected. At midday, the Dow was up more than 100 points.

  • In the second of two days of congressional testimony, Federal Reserve Chairman Ben Bernanke acknowledged that there are limits to what the central bank can do to help the economy. While saying that progress has been made, he said recovery has been slower than hoped.
  • The Commerce Department says construction of single-family homes rose for a fourth straight month in June to a two-year high.  Permits to build single-family homes were at their highest since March 2010.
  • Investigators are working to identify and seize the personal assets of the disgraced founder of Iowa brokerage Peregrine Financial Group, who will be jailed until at least next week while the probe into his alleged $200 million fraud continues. Russ Wasendorf Sr. is being held in an undisclosed location. Some of the 250 Iowa workers of the firm who lost their jobs were to begin applying for unemployment benefits today.
  • Following the lead of Verizon, AT&T says it will introduce wireless data plans that let subscribers connect up to 10 phones or other devices. AT&T's prices will track closely with those of Verizon. One smartphone with 1 gigabyte of data will cost $85 per month with AT&T, compared with $90 with Verizon. Two smartphones and a tablet computer with 6 gigabytes of shared data would cost $170 on either carrier.

Previous Story

Next Story




Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

National Attention For Sioux Falls Bakery

12/15/2014 9:56 AM

A Sioux Falls bakery is getting more national recognition.  CH Patisserie has been named one of the top 75 bakeries in the nation by The Daily Me...

Full Story
Cliff Hangers Gallery Closes; Customers Want Items Back

12/15/2014 10:10 PM

For more than two decades, Cliff Hangers Gallery has been a fixture in Sioux Falls.  A couple of years ago, the business moved from Park Ridge Ga...

Full Story | Watch
What Will Cost More/Less In 2015

12/16/2014 1:36 PM

Industry experts say gasoline prices will continue to fall in 2015, but other prices are expected to rise.

Full Story
Denny Sanford To Donate $25 Million For Scholarship Program

12/16/2014 4:30 PM

Philanthropist T. Denny Sanford is donating $25 million to South Dakota for a scholarship program for the state's technical schools.&nbs...

Full Story
Denny Sanford's Multi-Million Solution To Worker Shortage

12/16/2014 10:04 PM

Sanford's money provides half of the funds for a $50 million scholarship program at the state's technical schools to train workers to fill job...

Full Story | Watch


Events