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.


62° 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!

 

Tuesday Evening Business Brief

April 3, 2012, 6:41 PM

Tuesday Evening Business Brief

U.S. stocks closed lower, but off their worst levels of the session after minutes from the last Federal Reserve meeting indicated that central bankers were unlikely to buy more bonds to boost the economy. The Dow fell 65 points at 13,200. The S&P and the Nasdaq both lost 6 points.

  • Although there is concern about whether the job market will continue to improve, there does not appear to be widespread support among Federal Reserve policymakers for additional bond purchases. The Fed is sticking with its plan to keep interest rates at record lows until at least late 2014.
  • The recovery in the U.S. auto industry has moved into the fast lane. Smaller cars like the Ford Focus, Nissan Versa and Fiat 500 flew off dealer lots in March and gave the U.S. auto industry its best monthly sales in almost four years.
  • There was a modest drop for crude oil prices.  Benchmark U.S. crude fell $1.22 to end the day at $104.01 per barrel in New York.
  • Federal prosecutors say a Florida-based health care provider has agreed to pay $137.5 million to settle four lawsuits involving fraudulent Medicare and Medicaid claims in nine states. The suits claimed WellCare Health Plans falsely inflated the amount it claimed to be spending on medical care to avoid returning the money to Medicaid and other programs. The suits also accused the company of knowingly retaining overpayments received and falsifying data that misrepresented the medical conditions of patients and treatments they received.

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
Brown County Commission To Look For New Fair Manager

8/25/2015 12:15 PM

The Brown County Fair Manager has been let go.

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


Events