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.


50° 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 Morning Business Brief

February 26, 2014, 6:06 AM

Wednesday Morning Business Brief

The U.S. stock market ended slightly lower yesterday after a choppy day of trading. Traders were discouraged by a surprisingly large drop in consumer confidence in February. The worst drops were in areas affected by the extreme cold weather and storms of the past few weeks. The Dow lost 27 1/2 to 16,179.66, the S&P 500 dropped 2 1/2 points to close at 1,845, while the Nasdaq composite fell five points to 4,287.59. Futures point to moderate gains.

  • Subdued trading reigned in global stock markets today after the S&P 500's failure to punch through its recent record high for a second day instilled investors with caution. There was little economic or corporate news, which put Wall Street's lack of momentum into focus. Benchmark U.S. crude oil rose above $102 a barrel. The dollar fell against the euro and gained against the yen.
  • New home sales come out at 10 a.m. today from the Commerce Department. Other business and economic events include a House hearing on passenger freight and rail safety and company financial results. Lowe's Companies Inc. and Target Corp will have quarterly financial results out before today's opening bell, while J.C. Penney reports after the market closes. Airbus is also scheduled to report 2013 earnings today.
  • The European Union's antitrust authority is closing an investigation against Visa Europe after accepting the firm's offer to lower some card fees. The EU Commission says its concerns are sufficiently addressed by Visa's concession to cut inter-bank fees for credit card payments to 0.3 percent of a transaction's value - a reduction of about 40 to 60 percent. The Commission, which acts as the 27-nation bloc's antitrust watchdog, says the company has also offered to reform its rules to facilitate competition across Europe.
  • The Republican chairman of the House Ways and Means Committee is to outline his plan for overhauling the tax code today. The blueprint has been three years in the making and would lower the top income tax rate to 25 percent from nearly 40 percent and impose a new 10 percent tax on some earned income above $450,000. But over in the Senate, Minority Leader Mitch McConnell has already pronounced the legislation dead.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

National Pizza Franchise Coming To Sioux Falls

4/22/2014 4:24 PM

The South Dakota franchise owner of Marco's Pizza plans to open a third location in Sioux Falls at 5007 S. Louise Avenue, next to Noodles &am...

Full Story
Headliners For JazzFest Announced

4/17/2014 10:54 AM

Plans are in place for JazzFest 2014 in Sioux Falls.

Full Story
It Looks Like A Credit Card, But It's Not

4/22/2014 10:01 PM

Small businesses often are short on cash or credit and in need of funding.  A California company is offering local businesses financing through t...

Full Story | Watch
Eric Church Concert Near-Sellout Within Minutes

4/18/2014 5:55 PM

The first ticket sale to an event at the new Denny Sanford PREMIER Center proved to be a boon at the box office Friday

Full Story | Watch
City Of Worthington: Dilapidated Mall Is Due To Neglect From Ownership

4/21/2014 10:07 PM

The Northland Mall has been a mainstay in the Worthington community for over 35 years. The dilapidated shopping center has a leaky roof, which could l...

Full Story | Watch


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED