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.


62° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Wednesday Evening Business Brief

January 8, 2014, 6:52 PM

Wednesday Evening Business Brief

NEW YORK (AP) - Stocks are mostly lower as investors pick over minutes from the Federal Reserve's latest policy meeting and look ahead to the beginning of corporate earnings reports. The Dow lost 68 points, to close at 16,462. The S&P 500 fell a fraction to 1,837. The Nasdaq was up 12 points at 4,165.

  • The price of oil is down more than 1 percent today. It dropped after government data showed that demand for gasoline fell last week to the lowest level in a year. Benchmark crude for February delivery fell $1.34, or 1.4 percent, to close at $92.33 a barrel in New York. At the gas pump, the average price for a gallon remained at $3.31. That's a nickel higher than a month ago.

 

  • Legislation to renew long-term jobless benefits appears headed toward Senate gridlock as Democrats object to Republican demands that the cost be offset so deficits don't rise.  Democrats say they oppose paying for the legislation. The former program expired on Dec. 28 and 1.3 million long-term unemployed suddenly lost benefits averaging $256 a week.

 

  • Macy's is cutting 2,500 jobs as part of a reorganization to sustain its profitability. The department store chain says it'll reassign or transfer some workers and add some positions, leaving its workforce level at about 175,000. The company plans to close five stores and open eight others, leaving it with 844 stores nationwide. Macy's says the moves will save it $100 million per year.
  • A New York judge presiding over an insider trading trial says SAC Capital Advisors founder Steven A. Cohen's testimony to a financial regulatory agency can't be shown to jurors. The judge says the Securities and Exchange Commission's inquiry was fact-finding and is irrelevant for the criminal trial of Mathew Martoma. Martoma has pleaded not guilty to fraud charges.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Millions Of Android Phones At Risk For Heartbleed

4/15/2014 4:10 PM

If you've got an Android phone, your device could be susceptible to the Heartbleed security problem.

Full Story
Shrimp Prices Soar

4/16/2014 11:00 AM

The next time you order shrimp scampi of the menu, you may be in for sticker shock. 

Full Story
Headliners For JazzFest Announced

4/17/2014 10:54 AM

Plans are in place for JazzFest 2014 in Sioux Falls.

Full Story
Key Unlocks Gas Pumps For ID Thieves

4/14/2014 10:10 PM

Drivers who've fueled up in Rapid City are being warned that their debit and credit card numbers may have been stolen after "numerous" s...

Full Story | Watch
Eric Church Concert Near-Sellout Within Minutes

4/18/2014 5:55 PM

The first ticket sale to an event at the new Denny Sanford PREMIER Center proved to be a boon at the box office Friday

Full Story | Watch


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED