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.


82° 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

August 6, 2014, 6:08 PM

Wednesday Evening Business Brief
  • Stocks are closing slightly higher, led by a rebound in consumer staples stocks. The market had fallen to its lowest level since May a day earlier. The Dow Jones industrial average climbed 14 points, to close at 16,443 today. The S&P 500 index rose a fraction of a point to end at 1,920. The Nasdaq rose two points to 4,355.
  • A sign of improved demand for gasoline in the U.S. isn't enough to pull oil out of its downward slide. After starting the day trading higher, benchmark U.S. crude fell 46 cents, or 0.5 percent, to $96.92 a barrel on the New York Mercantile Exchange. It was the benchmark's 11th loss in the last 13 trading sessions, and the first close below $97 since Feb. 3.
  • A person familiar with the matter says Bank of America has agreed to pay between $16 billion and $17 billion to settle an investigation into its sale of mortgage-backed securities before the financial crisis. It follows earlier agreements with Citigroup and JPMorgan Chase. The person, who spoke on condition of anonymity, says some details still need to be worked out and it's possible the agreement could fall apart.
  • Pfizer will pay $35 million to resolve allegations by 42 states that its subsidiary, Wyeth Pharmaceuticals, illegally marketed an organ transplant drug for unapproved uses. The states' attorneys general say Wyeth trained sales representatives to encourage doctors to prescribe Rapamune for uses other than preventing rejection of transplanted kidneys.
  • Twenty-First Century Fox executives say the company won't try to buy any other big content companies, a day after it called off its pursuit of rival media giant Time Warner. CEO Rupert Murdoch says, "If there was something very unique but small, I don't know, I wouldn't say never. But we have no plans to go out on the acquisition trail."

Previous Story

Next Story




Sponsored

 


View business

You may also like

Red Robin Hiring In Sioux Falls

6/24/2015 2:51 PM

There is evidence that Red Robin is coming to Sioux Falls.

Full Story
Slide The City Skips Fargo & Looks North Of Sioux Falls

6/23/2015 12:07 PM

Organizers are still hopeful they'll be able to bring the 300 foot slide to the Sioux Falls area.  They're currently looking at a spot se...

Full Story
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
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
$8 Million Renovation Planned For DM&E Downtown Building

6/25/2015 10:37 AM

An old railroad office building at 140 N. Phillips that has sat vacant for the last few years in downtown Sioux Falls is getting a new lease...

Full Story


Events