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.


73° 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 Evening Business Brief

August 22, 2012, 5:45 PM

Wednesday Evening Business Brief

Stocks closed mixed, bouncing off their session lows amid signs from the Federal Reserve that it could do more to help the economy. The Dow Jones industrial average closed down 31 points at 13,172. The Nasdaq composite index gained six points at 3,074. The Standard & Poor's 500 index gained a fraction of a point to 1,413.

  • The minutes of the latest Fed meeting show that officials spoke with increased urgency about the need to provide more help to the sputtering economy. The minutes don't specify what action might be taken.
  • Oil prices rose after the Fed minutes were released. The price of benchmark crude rose 42 cents to $97.26 a barrel. Oil prices are up about $8 per barrel this month, partly on hopes that the U.S., Europe and China will do more to increase growth in their respective economies.
  • The jury is now deliberating in the multi-billion dollar patent trial that pits Apple against Samsung. Apple claims Samsung stole its iPad and iPhone technology. Samsung makes a similar counter-claim.
  • It is the biggest loss in Hewlett-Packard history. The company confirms it lost almost $9 billion in its most recent quarter. Much of that is the result of a failed acquisition.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Woman Stands Up to Cyber Bullies After Man Calls Her 'Too Muscular'

8/26/2015 5:05 PM

A woman who builds up her body has a message for cyber bullies who tear others down.

Full Story | Watch
Sioux Falls Businesses Flooded

8/28/2015 6:00 PM

Homeowners aren't the only ones cleaning up flood water.  Many businesses were also flooded out in Thursday night's storm.  In fact,...

Full Story | Watch
Former School For The Deaf Campus Has New Buyer

8/27/2015 4:50 PM

A historic piece of property on East 10th Street in Sioux Falls has a new owner.

Full Story
Casino Going In To 85th And Louise Strip Mall

8/27/2015 11:41 AM

A casino is the first signed tenant for Raintree On Louise at 85th Street and Louise Avenue.

Full Story
New Buyer For Historic Sioux Falls Campus

8/28/2015 10:10 PM

They are stately buildings in the heart of Sioux Falls that have sat empty for two years - but now, the former School for the Deaf property on East 10...

Full Story | Watch


Events