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.


48° 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

April 23, 2012, 6:50 PM

Monday Evening Business Brief

There's was a sell-off on Wall Street today and Europe's financial woes are again to blame. A new report shows Eurozone government debt has climbed to more than 87 percent of GDP, despite severe budget cuts. That helped send the Dow to a 102-point loss. The blue-chip index closed at 12,927. The S&P lost 12 points to 1,367. The Nasdaq fell 30 points to 2,970.

  • The trustees overseeing Social Security and Medicare say a surge of retirees, a weak economy and lawmakers' reluctance to act are pushing the benefit programs toward insolvency faster than previously thought. In their annual report, the trustees say Social Security will likely run out of money in 2033, while Medicare's hospital insurance fund will run out in 2024.
  • The nation's largest life insurer is making good on money it owes to beneficiaries but never paid. MetLife has agreed to pay nearly $500 million in a settlement over allegations it had information about the deaths of some policyholders but failed to pay what was owed. More than 30 states are involved in the settlement.
  • American Airlines is telling a federal bankruptcy judge that "a restructured job is better than no job at all." The airline wants the judge to approve a restructuring plan that would eliminate 13,000 jobs, freeze or end pensions and curb health benefits among other cuts. The unions are backing a takeover bid by US Airways.
  • A new study shows the number of Mexican immigrants living illegally in the U.S. has dropped from 7 million in 2007 to nearly 6 million last year. The Pew Hispanic Center's analysis of census data says a major factor in the decline is that illegal workers are seeing few job opportunities in the U.S. and deciding to return to Mexico.

Previous Story

Next Story




Sponsored
 

View business

You may also like

Hy-Vee Announces Updates To Sioux Falls Stores

5/27/2015 10:24 AM

There are big plans for the seven Hy-Vee grocery stores in Sioux Falls.

Full Story
Ford Recalls Nearly 423K Vehicles For Power Steering Problem

5/27/2015 3:06 PM

Ford is recalling nearly 423,000 cars and SUVs in North America because the power-assisted steering can fail while they're being driven.

Full Story
Software Glitch Can Cause iPhones To Crash

5/27/2015 3:23 PM

A newly-discovered glitch in Apple's software can cause iPhones to mysteriously shut down when they receive a certain text message.

Full Story
Flights Cut/Airfares Rise Out of Sioux Falls

5/26/2015 10:10 PM

Just last summer, KELOLAND News reported that more people were flying Frontier. The discount airline had daily flights to Denver that were more than 9...

Full Story | Watch
Women's Clothier Torrid Coming To Empire Mall

5/26/2015 1:35 PM

Construction is scheduled to begin in July, and the store plans to open in early fall. 

Full Story


Events