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.


73° 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!

 

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

Bear Shatters Glass Wall At Minnesota Zoo

7/6/2015 2:50 PM

A grizzly bear at the Minnesota Zoo repeatedly slammed a 50-pound rock into the glass wall of its enclosure, cracking the thick pane separating the be...

Full Story
Presidential Proposal Would Expand Overtime Pay

6/30/2015 7:08 AM

Obama is unveiling a proposal to require overtime pay for workers who earn up to $970 per week, up from the current $455 threshold.

Full Story
New Laws Bring Changes To Commercial Driver's Licenses

7/1/2015 6:52 AM

The new regulations raise the minimum age to apply for a commercial driver's license from 16 to 18.

Full Story
Splash Central Sees Success In Its Third Season

6/29/2015 6:15 PM

Pool fees are a hot topic in Sioux Falls for both the new indoor aquatic center and proposed changes at the outdoor pools.  Along with a possible...

Full Story | Watch
Don't Twist That Oreo: Cookie Gets Skinny, 'Sophisticated'

7/6/2015 10:06 AM

Oreos are getting a skinny new look, and its maker says the new cookie is a "sophisticated" snack for grown-ups that isn't meant to be t...

Full Story


Events