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.


55° 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!

 

Thursday Evening Business Brief

June 21, 2012, 5:13 PM

Thursday Evening Business Brief

Stocks were on the slide Thursday, amid worries about the economy in the U.S. and elsewhere around the world. The Philadelphia branch of the Federal Reserve also reported a sharp drop in manufacturing in the Northeast. The Dow finished with a loss of 251 points, or 2 percent at 12,574. The S&P 500 lost 30 points, while the Nasdaq declined 71 points.
 

  • A pair of analysts at Goldman Sachs helped to spread some of today's market gloom. They recommended to clients that they bet against the S&P 500 index.  They wrote the market "will need to confront a deteriorating growth picture near term."
  • A financial regulator has fined Merrill Lynch $2.8 million for overcharging customers with fees and for failing to provide timely trade confirmations. The Financial Industry Regulatory Authority says Merrill was fined after it found the broker overcharged nearly 95,000 customer accounts with fees totaling more than $32 million over a number of years.
  • The price of crude oil has dropped to the lowest level in nearly nine months. The near-month contract for the benchmark grade fell $3.25 closing at $78.20 a barrel.
  • Twitter users were unable to access the micro-blogging service for a part of the day. It said the problem was caused by a "cascaded bug", a reference to a software problem.

Previous Story

Next Story




Sponsored
 

View business

You may also like

Takata Air Bag Recall Becomes Biggest Ever In US

5/20/2015 5:19 AM

Takata's decision to add more than 18 million air bags to existing recalls comes following pressure from U.S. safety regulators.

Full Story
South Minnesota Ave. Burger King To Be Torn Down For Strip Mall

5/19/2015 2:06 PM

Demolition of the Burger King building will get underway June 1 and the strip mall will be complete in mid-October.  

Full Story
Buildings Being Torn Down on 41st Street For New Strip Mall

5/19/2015 4:10 PM

A new strip mall is coming to 41st Street across from the Western Mall.  Lloyd Companies is taking out the K & H Car Wash, Mobil gas station ...

Full Story
Raven Industries Sales And Profits Significantly Down

5/19/2015 9:45 AM

Raven Industries is reporting significant first quarter profit losses.  Raven's net sales were down 31.4 percent to $70.3 million. Raven'...

Full Story
Sioux Falls Named Third Most Livable City For People Over 50

5/21/2015 2:30 PM

AARP cites Sioux Falls' 25-mile walking and biking trail that loops the entire city, offering views of the historic core, as one of the reaso...

Full Story


Events