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.


45° 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

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




 
Find Local Businesses on KELO Pages!

View business

You may also like

Valentino's Restaurant For Sale

10/20/2014 12:18 PM

Prime real estate on 41st Street in Sioux Falls is for sale. Valentino's Restaurant at 41st Street and Western Avenue has been listed for $1.35 mi...

Full Story
Long John Silver's Closes, Building For Sale

10/20/2014 12:31 PM

A longtime fast food option in Sioux Falls, the Long John Silver's restaurant is closing after more than 30 years in business. 

Full Story
Pierre Woman Wins On In-Flight Game Show

10/17/2014 12:10 PM

A South Dakotan is a winner on the Allegiant Airlines' first in-flight game show called "The Game Plane."  The reality show is film...

Full Story
Pop-Up Holiday Shop Coming to Downtown Sioux Falls

10/15/2014 11:45 AM

Unglued: Christmas Market, will open in the space formerly occupied by the Book Shop in the Carpenter Building on Phillips Avenue from Nov. 20 through...

Full Story
Ebola Scams Surface

10/17/2014 2:15 PM

It was only a matter of time before scammers started capitalizing on the Ebola scare.  The Better Business Bureau is warning consumers about a va...

Full Story


Events