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.


75° 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

May 21, 2014, 2:37 PM

Wednesday Afternoon Business Brief

NEW YORK (AP) - The stock market is bouncing back from yesterday's losses. The Dow quickly added 100 points this morning and is up more than 125 points in afternoon trading. The S&P 500 has gained about 10 points, while the Nasdaq composite also is higher, up about 20.

  • Minutes from the Federal Reserve's April policy-setting meeting show officials have begun discussing how to trim back the stimulus they've been providing the U.S. economy. However, the minutes stress that the discussion should not be viewed as a signal that an increase in short-term rates is imminent. The Fed's key short-term rate has remained at a record low near zero since December 2008.
     
  • BP says it will ask the U.S. Supreme Court to decide whether businesses must prove they were directly harmed by the 2010 Gulf Of Mexico oil spill to collect payments from a 2012 settlement. Earlier this week, the 5th U.S. Circuit Court of Appeals refused to reconsider its decision that businesses do not need to prove direct harm. BP initially estimated it would pay roughly $7.8 billion to resolve spill claims, but later said the claims administrator was misinterpreting the settlement and it could no longer estimate the deal's cost.
     
  • Federal prosecutors have filed charges against an Iowa egg company and two executives blamed in a 2010 salmonella outbreak that sickened thousands of people. Austin "Jack" DeCoster and his son Peter DeCoster have been charged with a misdemeanor, while their company, Quality Egg LLC, is charged with a felony. The charging document says Quality Egg sold products for years with labeling that "made the eggs appear to be not as old as they actually were." The salmonella outbreak led to the recall of 550 million eggs.
     
  • Federal Reserve Chair Janet Yellen is paying tribute to the man she succeeded three months ago. Speaking to graduates at New York University's commencement, Yellen says Ben Bernanke demonstrated the courage needed to stabilize the financial system and restore economic growth. The Fed chair says Bernanke faced "relentless criticism, personal threats and the certainty that history would judge him harshly if he was wrong."

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