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.


64° 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.

Severe storms possible Sunday night: Click here for details.

 

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

Wild Bat Found At Great Plains Zoo Tests Positive For Rabies

6/26/2015 11:19 AM

The Great Plains Zoo is warning visitors after a bat found on a sidewalk there tested positive for rabies.

Full Story
Presidential Proposal Would Expand Overtime Pay

6/30/2015 7:08 AM

Obama is unveiling a proposal to require overtime pay for workers who earn up to $970 per week, up from the current $455 threshold.

Full Story
Moe's Southwest Grill Selects Sioux Falls Location

6/29/2015 12:41 PM

You will soon have a new option for chips and salsa, salads and tacos in Sioux Falls.

Full Story
Speed Limit Dropping To 75 MPH Along Stretch Of I-90

6/26/2015 1:53 PM

Starting next week, drivers on Interstate 90 will have to slow down from the Wyoming border to just west of Exit 55 in Rapid City.

Full Story
New Outdoor Venue For Falls Park West

6/29/2015 5:07 PM

Mayor Mike Huether's Capital Improvement Plan includes $2.5 million for the Levitt project.

Full Story | Watch


Events