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.


28° 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

July 23, 2014, 6:57 PM

Wednesday Evening Business Brief

NEW YORK (AP) - Stocks have come to a mixed finish on Wall Street, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies. Apple and Microsoft both reported results that beat forecasts. The S&P 500 rose 3.48 points to close at 1,987, a new closing high. The Nasdaq composite rose 17.68 points to end at 4,473.70. However, Boeing dragged the Dow lower, finishing down nearly 27 points at 17,086.63.

  • AT&T has posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US. AT&T says it earned $3.55 billion, or 68 cents per share. Excluding some one-time items, AT&T's earnings were 62 cents per share, a penny shy of expectations. Revenue, however, was $32.58 billion, slightly above expectations.
     
  • General Motors is issuing six more recalls covering a total of almost 718,000 vehicles in the U.S. The latest recalls bring the total for GM so far this year to 60, affecting a record 29.7 million cars and trucks. The biggest recall announced today is for just over 414,000 cars and small SUVs for faulty seats. Other problems include incomplete welds on seat brackets, turn signal failures, power steering failures, loose suspension bolts and faulty roof rack bolts.
     
  • An internal Social Security Administration reports finds that, six years into an effort to replace outdated computer systems, the new system is nowhere near ready and agency officials are struggling to salvage it. After spending nearly $300 million, the project is still in the testing phase, and the Social Security Administration can't say when it will be completed or what the final cost will be. In the meantime, people filing for disability claims continue to face long delays.
     
  • Donald Trump says his new hotel in the nation's capital will be among the finest in the world. He hopes the $200 million transformation of the Old Post Office building near the White House into a Trump International Hotel will be complete by late 2016. Trump joined federal and local leaders for a ceremonial groundbreaking at the 115-year-old building this morning.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

New Indoor Racing & Recreation Business

11/19/2014 10:05 PM

For about four months out of the year, people in the Sioux Falls area can go go-kart racing and play mini golf.

Full Story | Watch
New Sioux Falls Shop Opens Thursday

11/19/2014 11:10 AM

Holiday shoppers will soon have a new spot to buy locally made gifts.

Full Story
Stroller Recall Due To Amputation Hazard

11/20/2014 9:45 AM

More than four million strollers sold in the United States are part of a recall.

Full Story
Gas Stations In Region Struggling To Keep Up Supply

11/18/2014 5:52 PM

Over the past few days, drivers in Sioux Falls have been noticing certain grades of fuel are out of stock at gas stations across town.

Full Story | Watch
Sioux Falls Misses Out Hosting NCAA Tournament Games

11/17/2014 10:50 AM

Sioux Falls won't host any preliminary round games for the 2016-2018 NCAA Men's Division I Basketball Championships.

Full Story


Events