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.


75° 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 Morning Business Update

May 21, 2014, 6:00 AM

Wednesday Morning Business Update
NEW YORK -

Investors will be looking for something to cheer about when trading resumes later this morning on Wall Street. Subpar earnings reports from retailers yesterday caused a sell-off. The Dow lost 137 points to close at 16,374. The S&P 500 fell 12 points to 1,872. And the Nasdaq composite dropped 28 points to 4,096. Futures point to a reversal of yesterday's rout.

  • International stock markets drifted today as investors watched for cues from central banks and Thailand's market stabilized a day after the country's military declared martial law in an effort to calm political tensions. Benchmark crude oil rose above $103 a barrel. The dollar fell against the euro and the yen.
     
  • Japan's trade deficit narrowed in April as exports grew faster than imports following an increase in the sales tax that is expected to dampen demand for some time. Energy plays a big role in Japan's trade balance, and a moderation in April in costs for imports of oil and gas that account for about a third of Japan's imports reflected a strengthening of the yen and decreases in shipments of some fuels.
     
  • Google is amassing cash overseas to help finance a foreign shopping spree that could cost the Internet company up to $30 billion. The potential price tag for Google's expansion plans outside the U.S. surfaced yesterday in documents disclosing the company's response to recent questions raised by the Securities and Exchange Commission. Pressed to provide more details about its plans for its overseas cash, Google revealed that $20 billion to $30 billion is earmarked for the acquisition of foreign companies and technology rights held outside the U.S.
     
  • Netflix will expand into Germany, France and four other European countries later this year as the Internet video service tries to build an international following that might eventually surpass its U.S. audience. The additional markets announced today will extend Netflix's reach into nearly 50 countries, including 13 in Europe. Besides Germany and France, the latest countries on Netflix's list are Switzerland, Austria, Belgium and Luxembourg.

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
Sioux Falls Businesses Flooded

8/28/2015 6:00 PM

Homeowners aren't the only ones cleaning up flood water.  Many businesses were also flooded out in Thursday night's storm.  In fact,...

Full Story | Watch
Former School For The Deaf Campus Has New Buyer

8/27/2015 4:50 PM

A historic piece of property on East 10th Street in Sioux Falls has a new owner.

Full Story
Casino Going In To 85th And Louise Strip Mall

8/27/2015 11:41 AM

A casino is the first signed tenant for Raintree On Louise at 85th Street and Louise Avenue.

Full Story
New Buyer For Historic Sioux Falls Campus

8/28/2015 10:10 PM

They are stately buildings in the heart of Sioux Falls that have sat empty for two years - but now, the former School for the Deaf property on East 10...

Full Story | Watch


Events