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

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




 
Find Local Businesses on KELO Pages!

View business

You may also like

Former Sioux Falls Executive Investigated For Animal Abuse

8/28/2014 4:15 PM

A former Hot Stuff/Orion Foods President is being investigated for dog abuse in Canada.

Full Story
Westward Ho Country Club Changes Name

8/28/2014 12:56 PM

The Westward Ho Country club in Sioux Falls is changing its name to The Country Club of Sioux Falls.  Members were notified of the change on Thur...

Full Story
Cattle Spooked By LifeLight Noise

8/30/2014 3:58 PM

Farmers say the annual music event is louder this year, and it's causing some problems with their cattle.

Full Story
Sanford And First PREMIER Bank Hosting Concert For Employees

8/29/2014 11:30 AM

Employees from two Sioux Falls employers have an opportunity to see a private concert with two country headliners at the Denny Sanford PREMIER Center.

Full Story
Kraft Recalls American Cheese Singles

9/1/2014 3:59 PM

Before you pack those Kraft American Singles in your child's lunch, you'll want to check the date on the package.

Full Story


Events