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.


18° 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!

 

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


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

The City's Largest Construction Project Will Impact Thousands

3/2/2015 5:04 PM

It's being billed as the city's largest construction project this year at a cost of just under $9 million and it's going to impact thousan...

Full Story | Watch
Whiffer's Sandwiches Back Open For Business

3/2/2015 4:00 PM

Whiffer's Sandwiches is serving up lunch on Minnesota Avenue again.

Full Story
Costco Citigroup Partnership To Have Impact On Citibank In Sioux Falls

3/3/2015 2:45 PM

Costco is switching credit card company partnerships and that is going to have an impact on Citibank in Sioux Falls.  

Full Story
Great Western Bank To Close Two Sioux Falls Branches

3/4/2015 12:57 PM

Great Western Bank is closing its branches in the Walmart store on South Louise Avenue in Sioux Falls and at the Western Mall at the end of the month.

Full Story
Target Plans $2B In Cost-Cutting Moves

3/3/2015 3:20 PM

Target Corp. plans $2 billion in cost cuts over the next two years through corporate restructuring and other improvements.

Full Story


Events