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.


83° 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!

 

Wednesday Afternoon Business Brief

April 9, 2014, 1:42 PM

Wednesday Afternoon Business Brief

Stocks are higher for a second day in a row. Technology stocks continue to recover from a drubbing they took over the past week, while better-than-expected quarterly results from Alcoa are helping push other mining and materials stocks higher. The Nasdaq composite is up 1.5 percent, gaining more than 60 points. The Dow is up about 150 points, while the S&P 500 has gained 17.

  • Bank of America Corp. is paying $772 million in fines and refunds to settle regulators' accusations that it misled customers who bought extra credit-card products and illegally charged others for credit monitoring and reporting services they didn't receive. The Consumer Financial Protection Bureau says about 3.3 million customers were affected. Bank of America has neither admitted nor denied the allegations, but says it already has issued refunds to the majority of affected customers.
  • Hewlett-Packard will pay the U.S. government $108 million to settle charges that former employees paid bribes to officials in Russia, Mexico and Poland. The Securities and Exchange Commission each scheme lasted for years, and that HP's internal controls weren't strong enough to stop the illegal payments. HP says the misconduct was limited to a small number of people who are no longer with the company.
  • The nation's largest pharmacy benefits manager says that patients from the health care overhaul's new insurance exchanges have been more likely to use expensive specialty drugs for chronic conditions. Express Scripts says specialty drugs account for more than a quarter of the country's pharmacy spending but less than 1 percent of all prescriptions.
  • Florida has become the first state to bring criminal money laundering charges in a case involving the virtual currency bitcoin. Police arrested two men in an undercover sting in Miami Beach in February. Police found them by trolling a bitcoin exchange website and posing as credit card thieves looking to launder their illegal proceeds. The case is expected to test whether current law can adapt to new digital forms of payment.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Capital One Closing In Sioux Falls

7/23/2015 12:12 PM

Employees were told Thursday that the credit card company will close its Sioux Falls office by the end of the year.

Full Story
Record Sturgis Rally To Bring Big Traffic Challenge

7/21/2015 6:17 PM

If projections are close, the 75th Sturgis Motorcycle Rally during the first week of August could attract a record million people to the Black Hills. ...

Full Story | Watch
New Pizza Chain Coming To Sioux Falls

7/22/2015 4:15 PM

Wisconsin-based chain, Toppers Pizza is going into a strip mall on South Minnesota Avenue in Sioux Falls. 

Full Story
Gas Prices Jump in SD, Fall Everywhere Else

7/21/2015 11:10 AM

The state average for gasoline in South Dakota is at its high for the year at $2.79 a gallon.  That's the highest average price since last No...

Full Story
Picker's Flea Market Closing, Celebrate Church Expanding

7/24/2015 2:15 PM

Thorson ran several shops in Yankton before opening a store in Sioux Falls. The store will close August 16.

Full Story


Events