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.


65° 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 30, 2014, 3:20 PM

Wednesday Afternoon Business Brief

NEW YORK (AP) - Stocks are little changed in afternoon trading on Wall Street. Investors are looking over company earnings, a government showing economic growth stalled during the fourth quarter and the Federal Reserve's assessment that the economy is picking up and needs less help from the Fed.

  • The Federal Reserve says it will make a fourth $10 billion cut in its monthly bond purchases to $45 billion because it thinks the U.S. job market needs less help. The Fed says the economy has picked up recently after slowing sharply during the winter. It's also reaffirming its plan to keep short-term interest rates low to support the economy "for a considerable time" after its bond purchases end, likely late this year. The guidance issued after a two-day meeting conforms to goals that Chair Janet Yellen noted in a speech this month.

 

  • As expected, Senate Republicans have blocked a Democratic bill that would have raised the federal minimum wage. The bill would have gradually increased the current $7.25 hourly minimum wage to $10.10 an hour over 30 months. Supporters fell six votes short of the 60 needed to allow debate on the bill.

 

  • A government watchdog confirms what airline passengers are finding when they try to book a flight: Service to communities of all sizes is declining, but especially to small and medium airports. The Government Accountability Office told Congress that there are fewer flights and fewer seats available at airports of all sizes than there were seven years ago. Smaller destinations were particularly affected, with flights down as much as 24 percent since 2007.
  • Southwest Airlines is falling behind other airlines when it comes to arriving on time, and the carrier plans to tinker with its flight schedule to fix that. CEO Gary Kelly says the airline will add a few minutes between some flights, and it will be more cautious about selling itineraries with tight connections between flights. Southwest has long prided itself for being on time. It still ranks No. 1 all-time among the six big airlines that have been reporting such records to the government, but it hasn't topped the charts for a full year since 2001.

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
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
Car vs Bus Crash Injures Two Teens

8/26/2014 6:00 PM

Two Iowa teenagers are hospitalized after colliding with a school bus early Tuesday morning.  It happened just east of Inwood on 240th Street at ...

Full Story | Watch
Napa Winery With SF Ties Recovers From Earthquake Damage

8/24/2014 6:35 PM

A Napa Valley winery with Sioux Falls ties received damage from the largest earthquake to hit the bay area in 25 years.

Full Story


Events