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.


36° 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!

 

Monday Evening Business Brief

June 25, 2012, 5:31 PM

Monday Evening Business Brief

Stocks have fallen sharply on both sides of the Atlantic on continuing worries about Europe's financial crisis. Spain formally requested a rescue of its ailing banks but left many questions unanswered, including how much money it needs. Bank stocks were among the big losers today as the Dow lost 138 points, the S&P 500 fell 21 and the Nasdaq dropped 56.

  • Concerns about Europe's economy have helped push oil prices lower. Benchmark U.S. crude fell by 55 cents to end the day at $79.21 per barrel in New York. Also factoring into the decline, Tropical Storm Debby edged away from the heart of America's oil production in the Gulf of Mexico, reducing the chances for a sustained disruption in U.S. supplies.
  • Microsoft is paying $1.2 billion to buy Yammer, an Internet startup that has built a social network similar to Facebook for the business world. Yammer provides ways for companies to create private social networks for their employees. It has more than 5 million corporate users.
  • Facebook is putting a woman on its board of directors for the first time. It named Chief Operating Officer Sheryl Sandberg to the board today. Facebook's stock fell 3 percent today, off 99 cents to $32.06. The stock has been up on 13 trading days and down on 13 since its initial public offering. On Friday it saw its highest close since May 21, its second day of trading.
  • Shares of BlackBerry maker Research In Motion plunged to a nine-year low today after Morgan Stanley downgraded the stock. It ended the day down 75 cents, or 7.7 percent, to $9.11 on the Nasdaq. RIM shares have lost 94 percent of their value since their 2008 peak.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Sioux Falls Nail Salon Shut Down By SD Cosmetology Commission

10/30/2014 11:00 AM

The South Dakota Cosmetology Commission has shut down #1 Nails Salon in Sioux Falls.  The commission revoked the license of owner Ngoc Lan T...

Full Story
Nail Salon's License Revoked

10/30/2014 6:07 PM

Bribery attempts and safety and sanitary violations have put a Sioux Falls nail salon owner out of business.

Full Story | Watch
SD Unclaimed Property Fund Up To $65 Million

10/30/2014 1:45 PM

South Dakota's unclaimed property fund is now up to $65 million.

Full Story
Sioux Falls To Get Second Five Guys Location

10/29/2014 11:45 AM

Five Guys Burgers and Fries will open up a second location in Sioux Falls in the former Extreme Automotive building at 49th Street and Louise Avenue.

Full Story
Three Sushi Restaurants Back Open

10/27/2014 11:10 AM

The three sushi restaurants that closed last week in Sioux Falls were back open for business over the weekend.

Full Story


Events