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.


21° 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 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
 

View business

You may also like

Wells Fargo Lays Off Handful Of Workers In Sioux Falls

2/3/2016 2:27 PM

Spokesperson Staci Schiller said nine employees were given a 60-day notice in its home lending department.

Full Story
Out-Of-Court Settlement Reached In Lawsuit Over Wildfire

2/1/2016 7:34 AM

Court documents indicate a federal judge has signed off on a confidential settlement between Black Hills Power and the 87 plaintiffs.

Full Story
IRS Phone Scam Costing KELOLAND Thousands

2/4/2016 3:05 PM

Those aggressive IRS scam calls plaguing KELOLAND have cost South Dakotans tens of thousands of dollars so far.

Full Story
Toppers Pizza To Open On East 10th Street

2/1/2016 4:13 PM

Toppers Pizza is adding a second Sioux Falls location.

Full Story
South Dakotans: Fast Talking And Patient On The Phone

2/4/2016 7:51 AM

South Dakotans are ranked as the eighth fastest talkers in the U.S., behind Iowa at number 5 and Minnesota at number 2.

Full Story


Events