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.


40° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Winter weather returns early this week.  Storm Center Update

 

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Wednesday Evening Business Brief

July 30, 2014, 6:19 PM

Wednesday Evening Business Brief
  • Stocks are closing mixed. That's because the Federal Reserve says the economy is strengthening enough for the central bank to continue cutting its stimulus. The government reports the economy grew at a robust annual rate of 4 percent this spring. The S&P 500 closed little changed at 1,970. The Dow industrials lost 32 points to 16,880. The Nasdaq rose 20 points to 4,462.
  • The price of oil is down as inventories of gasoline and diesel continue to build. Benchmark U.S. crude fell 70 cents today to close at $100.27 a barrel in New York. Brent crude, a benchmark for international oils, fell $1.21 to close at $106.51 on in London.
  • A federal judge is imposing a $1.3 billion civil penalty against Bank of America for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments. The fine is against Countrywide, which Bank of America purchased in 2008 as the financial crisis was unfolding. It is the latest legal ruling against Wall Street.
  • Chrysler is recalling just under 30,000 Fiat 500L small cars in the U.S. and Canada to fix a problem with air bags that protect knees in a crash. The company says the bags may not inflate in the proper position if the driver isn't wearing a seat belt. Chrysler says it doesn't know of any injuries from the problem. The recall covers cars from the 2014 and 2015 model years.
  • Cargill says it plans to close a Milwaukee beef-processing plant which employs about 600 people on Friday due to a shortage of cattle. The plant slaughters live cattle and packages beef products. A separate plant at the site, which produces ground beef and employs about 200 will remain open. Cargill says the US beef cattle herd is at its lowest level since 1951.

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