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.


54° 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

Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story
Simply Mac Coming To Sioux Falls

7/28/2014 1:12 PM

Apple users will soon have another option for sales and service support.

Full Story
Dawley Farm Village Expands

7/25/2014 10:10 PM

If you don't live on the Sioux Falls east side, or haven't taken a drive over there lately, you may not have noticed all the new businesses.

Full Story | Watch
Sioux City Riverboat Casino Prepares For Last Day

7/30/2014 7:57 AM

The Argosy riverboat casino is preparing to take its last bets Wednesday, having told the Iowa Racing and Gaming Commission that it will close by 5 p....

Full Story


Events