User uShare 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.

62° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options




[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Wednesday Morning Business Brief

March 26, 2014, 5:39 AM

Wednesday Morning Business Brief

A series of mixed signals for the economy has undermined investor confidence and it's at least somewhat accountable for the ups and downs in the stock market. Yesterday was a case in point. One report showed fewer people bought new homes in February, dropping sales to the slowest pace in five months. But an index measuring consumer confidence rose to the highest level in six years. Still, the major indexes registered gains, with the Dow adding 91 points, while the S&P 500 and the Nasdaq each rose about 8.

  • Worlds stock markets are higher today with investors expecting new stimulus measures from Europe and China and U.S. economic data reinforcing recovery hopes for the world's largest economy. In energy markets, benchmark U.S. oil for May delivery was up just 3 cents at $99.22 per barrel in electronic trading on the New York Mercantile Exchange.
  • Facebook has agreed to buy Oculus for $2 billion, betting that its virtual reality technology may be a new way for people to communicate, learn or be entertained.  Facebook chief executive Mark Zuckerberg calls it "a long-term bet on the future of computing." The Oculus Rift virtual reality headset has received a lot of attention from video game developers, though it has yet to be released for consumers. The headsets cover a user's eyes and create an immersive world that reacts to turning one's head or moving back and forth.
  • A push by congressional Democrats to bring a wide array of changes to the International Monetary Fund has fallen victim to a greater desire by lawmakers to punish Russia for its bold military incursion into Crimea. Democrats wanted legislation aimed at helping Ukraine to include provisions to enhance the IMF's lending capacity. But Republicans were opposed. The Senate is on track to approve the sanctions Thursday along with aid for Ukraine.
  • A federal appeals court has upheld the insider trading conviction of a former Goldman Sachs and Procter & Gamble board member. The 2nd U.S. Circuit Court of Appeals ruled yesterday that Rajat Gupta was fairly tried and convicted of conspiracy and securities fraud. Gupta was sentenced to two years in prison and fined $5 million. But he's been free on $10 million bail.

Previous Story

Next Story

Find Local Businesses on KELO Pages!

View business

You may also like

PREMIER Bankcard Lawsuit Comes Down To Link

8/22/2014 10:00 PM

$5 million: that's the price tag on a lawsuit filed by a South Dakota credit card company, First PREMIER/PREMIER Bankcard against a credit card co...

Full Story | Watch
Single-Screen Theater Closed After Four Decades

8/23/2014 12:33 PM

A single-screen movie theater in Vermillion has closed after serving the area for more than four decades.

Full Story
Sioux Falls Store Included In UPS Breach

8/21/2014 1:53 PM

If you used a credit or debit card at a UPS Store in the last seven months, some of your personal information could be a risk.  

Full Story
Woman-Owned Highway Construction Company

8/21/2014 10:05 PM

There are nearly eight million women owned businesses in the U.S.  But only eight percent of construction businesses are owned by women. 

Full Story | Watch
Napa Winery With SF Ties Recovers From Earthquake Damage

8/24/2014 6:35 PM

A Napa Valley winery with Sioux Falls ties received damage from the largest earthquake to hit the bay area in 25 years.

Full Story