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.


76° 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!

 

Wednesday Evening Business Brief

July 18, 2012, 5:36 PM

Wednesday Evening Business Brief

Stocks rallied with the help of a report showing new home construction on the rise. The Dow rose 103 points, or 0.8 percent, to 12,909. The S&P gained 9 points and the Nasdaq jumped 33 points.

  • IBM says second-quarter earnings rose 6 percent in the face of falling revenue and Europe's economic crisis. While revenue was short of forecasts, earnings topped analyst expectations.
  • The Federal Reserve's Beige Book survey indicates the nation's economy expanded modestly in June and early July, but growth and hiring slowed in several parts of the country. The report is in line with what Chairman Ben Bernanke told Congress over the past two days.
  • The Obama administration's consumer watchdog agency has used its enforcement power for the first time. It has ordered Capital One Bank to repay millions of credit card customers allegedly tricked into buying costly add-on services. Capital One will pay $210 million in refunds and regulatory fines. Most of the money will go directly to customers.
  • The CEO of US Airways predicts that American Airline's creditors will support his plan for a merger, but said he may not still be interested after American comes out of bankruptcy. US Airways Group chief Doug Parker says a merger while American is still in Chapter 11 is better because the bankruptcy code makes it easier to get rid of planes that the combined airline doesn't want, and to renegotiate airport leases and other contracts.

Read more business stories on the KELOLAND.com Back to Business page.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Historic Sioux Falls Building For Sale

9/15/2014 4:24 PM

The Carpenter Building on South Phillips Avenue in Sioux Falls is for sale for $4.2 million.

Full Story
Good Samaritan Society Responds To Changes In Industry

9/11/2014 10:05 PM

The largest non-profit senior care and services organization in the U.S is located right here in Sioux Falls, and like all branches of health care is ...

Full Story | Watch
Sioux Falls Named 41st In Best Small To Midsize Cities List

9/15/2014 1:43 PM

Sioux Falls comes in at number 41 on Livability.com's list of the nation's best small to midsized cities.

Full Story
Unbridled Business

9/15/2014 10:10 PM

Most of us think of successful online retailers as being located in big cities.  But the truth is when your customers are on the Internet, you ca...

Full Story | Watch
Disney Institute Training To Come To Sioux Falls

9/11/2014 4:45 PM

The Disney Institute is bringing its renowned professional development course, “Disney’s Approach to Business Excellence,” to the Si...

Full Story


Events