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

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




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