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.


75° 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




 
Find Local Businesses on KELO Pages!

View business

You may also like

Walmart Grand Opening In Northern Sioux Falls

8/13/2014 6:03 PM

Northwestern Sioux Falls and the surrounding communities have a new shopping option

Full Story | Watch
Sioux Falls To Get Burlington Coat Factory

8/14/2014 1:45 PM

It's a deal that's been in the works for more than a year.  Now Lloyd Companies has submitted plans for a new Burlington Coat Factory sto...

Full Story
Two KELOLAND Target Stores Now Open Extended Hours

8/19/2014 12:16 PM

Night owls who enjoy shopping at Target will soon have a few more hours to browse the shelves.

Full Story
Toy Store to Open Second Location At Dawley Farm Village

8/14/2014 3:50 PM

A Sioux Falls toy store is opening a second location at Dawley Farm Village.

Full Story
SF Food Scene Gets Some National Attention

8/15/2014 8:14 PM

Sioux Falls' local flavor is getting national attention.

Full Story


Events