User uShare 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.

50° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



Share your Photos, Videos, and Stories on uShare! Click here to get started.


[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Friday Afternoon Business Brief

August 10, 2012, 1:26 PM

Friday Afternoon Business Brief
  • The Dow is still in negative territory, around 10 points lower. Stocks have been inching down, at the end of a slow summer week, as investors focus on piecemeal signs that there's still plenty wrong with the world economy. For one thing, China reported sharply lower growth in its exports.
  • A few stocks are making big moves. J.C. Penney stock jumped more than 3 percent, after CEO Ron Johnson laid out more of his vision for turning around the struggling department store company. Movie studio Lions Gate rose 3 percent, after reporting a revenue surge thanks to "The Hunger Games." But British soccer club Manchester United is having a lethargic debut as a public company.
  • The U.S. federal budget deficit increased $70 billion in July. It's on track to top $1 trillion for the fourth straight year. The Treasury Department does say the deficit for the first 10 months of the 2012 budget year was 11.5 percent less than the same period last year. That's due to boosted income tax receipts due to the slightly better economy.
  • Chesapeake Energy Corp. says the federal government is investigating whether there were antitrust violations relating to its purchase of some oil and gas land in Michigan. The Oklahoma City-based company says in a regulatory filing that it was subpoenaed in June by the Justice Department to hand over paperwork related to those purchases.
  • With just a few events to go, athletes and Londoners are set for the mother-of-all celebrations -- the closing ceremony, followed by a weekend of gold-medal parties. Some social observers say it's about time. They claim London's party scene has been muted during the games, dragged down by economic recession and a downturn in central London businesses as a result of the games farther east.

Previous Story

Next Story



View business

You may also like

State's Termination Letter To Educational Cooperative

9/28/2015 11:59 AM

The letter, signed by Deptartment of Education Secretary Melody Schopp, lists eight reasons for the decision not to continue to steer federal grant mo...

Full Story
Melmer Answers Questions About GEAR UP Work

9/28/2015 6:05 PM

Mid Central got $16.5 million in federal money through the state in the last ten years to administer the GEAR UP program to encourage Native American ...

Full Story | Watch
Stacy Phelps Resigns From Board of Education

10/2/2015 3:14 PM

Phelps administered the GEAR UP program which prepared and encouraged Native American students to enroll into higher educaton.

Full Story
Sioux Falls Floral Shop Fills Special Order For Elton John

10/1/2015 4:48 PM

Sir Elton John will be surrounded by beautiful flowers during his stop in Sioux Falls.

Full Story
Following The GEAR UP Grant Money

9/29/2015 6:10 PM

Mid Central Educational Cooperative dispersed the grant money since 2005 to two organizations to run the GEAR UP program, under business manager Scott...

Full Story | Watch