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.


68° 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

August 27, 2014, 5:17 PM

Wednesday Evening Business Brief
  • Stocks are ending the day essentially flat. The S&P 500 eked out a gain of one-tenth of a point, enough to set another all-time high. The index closed at 2,000. The Dow Jones industrial average rose 15 points to 17,122. The Nasdaq composite lost a point to 4,569. The price of oil rose today. Benchmark U.S. crude edge up 2 cents to $93.88 a barrel in New York.
  • Alibaba's quarterly revenue growth is surging again, a development that should help the Chinese e-commerce company sell its shares next month in what could become the technology industry's most lucrative IPO. In a regulatory update, Alibaba says it posted revenue of $2.54 billion in its fiscal first quarter ending June 30, a 46 percent increase from last year.
  • The FBI is investigating a hacking attack on JPMorgan Chase and at least one other bank. That's according to a report on Bloomberg. com which says the FBI is investigating an incident in which Russian hackers may have retaliated against U.S. government-sponsored sanctions against the country. The attack, Bloomberg says, led to the loss of sensitive data.
  • A federal judge is rejecting Apple's attempt to block the sale of several older Samsung smartphones that copied features in the iPhone. Earlier, a jury awarded Apple $119 million in damages for Samsung's infringements on technology used in the iPhone. The judge says Apple hadn't adequately proven that Samsung's intellectual theft had hurt its sales or diminished its reputation for innovation.
  • South Korea's Kia Motors says it will invest more than $1 billion to build a car factory in northern Mexico that is expected to begin production in 2016. The company says the new plant in Nuevo Leon state, across the border from Texas, will have the capacity to make 300,000 cars a year. Several other car companies plan to expand or build new factories in Mexico.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Woman Stands Up to Cyber Bullies After Man Calls Her 'Too Muscular'

8/26/2015 5:05 PM

A woman who builds up her body has a message for cyber bullies who tear others down.

Full Story | Watch
Brown County Commission To Look For New Fair Manager

8/25/2015 12:15 PM

The Brown County Fair Manager has been let go.

Full Story
GM Fund Rejects 91 Percent Of Ignition Switch Claims

8/24/2015 1:47 PM

The compensation fund led by lawyer Kenneth Feinberg approved 399 of the 4,343 claims filed and rejected 3,944.

Full Story
New Black Bears Arrive At Great Plains Zoo

8/25/2015 5:00 PM

It sounds like a story straight out of the cartoon Yogi Bear and Jellystone Park.  Two black bears from Grand Teton National Park in Wyoming were...

Full Story | Watch
Midco Rated Third For Speed By Netflix

8/26/2015 2:19 PM

You hear about video streaming problems all the time, but local Midcontinent customers are less likely to have issues.  

Full Story


Events