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.


23° 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

June 13, 2012, 5:31 PM

Wednesday Evening Business Brief

U.S. stocks closed lower. The Dow fell 77 points, or 0.6 percent, to 12,496. The S&P lost 9 points, while the Nasdaq was down 24.
 

  • JPMorgan Chase CEO Jamie Dimon told lawmakers today there's a possibility that senior bank executives responsible for a $2 billion trading loss will probably have some of their pay taken back by the company. While he sounded contrite at times, Dimon also defended the bank and his own criticism of some financial regulation.
  • Cheaper gas has yet to cause consumers to spend enough on other goods to boost the slumping economy. Americans barely increased their spending at retail businesses this spring, leading economists to predict slower economic growth in the April-June quarter.
  • Computer maker Dell is planning to trim its expenses by more than $2 billion during the next three years as it tries into move into the more lucrative fields of technology. Dell outlined its cost-cutting plans a day after the company committed to paying the first quarterly dividend in its 28-year history. The quarterly dividend of 8 cents per share will cost Dell more than $560 million annually.
  • Caterpillar says that its board has approved a 13 percent increase in the quarterly cash dividend. It marked the biggest percentage increase in the dividend since the financial crisis of 2008. The board of the Peoria, Ill., manufacturer agreed to raise the quarterly cash dividend by 6 cents to 52 cents per share. It will be payable on Aug. 20 to stockholders of record at the close of business on July 20.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

New Indoor Racing & Recreation Business

11/19/2014 10:05 PM

For about four months out of the year, people in the Sioux Falls area can go go-kart racing and play mini golf.

Full Story | Watch
New Sioux Falls Shop Opens Thursday

11/19/2014 11:10 AM

Holiday shoppers will soon have a new spot to buy locally made gifts.

Full Story
Stroller Recall Due To Amputation Hazard

11/20/2014 9:45 AM

More than four million strollers sold in the United States are part of a recall.

Full Story
Alco To Close Stores Across South Dakota

11/21/2014 2:03 PM

Several South Dakota cities will soon have one less store.

Full Story
South Dakota Malls Will Open On Thanksgiving

11/21/2014 11:41 AM

Shoppers no longer need to stay up all night to get Black Friday deals.  More stores are opening on Thanksgiving, closing overnight and then reop...

Full Story


Events