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.


30° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Freezing rain switching to snow Sunday evening through Monday.

 

News

[0] My Saved Articles
Back to all news

Business

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




Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

National Attention For Sioux Falls Bakery

12/15/2014 9:56 AM

A Sioux Falls bakery is getting more national recognition.  CH Patisserie has been named one of the top 75 bakeries in the nation by The Daily Me...

Full Story
Cliff Hangers Gallery Closes; Customers Want Items Back

12/15/2014 10:10 PM

For more than two decades, Cliff Hangers Gallery has been a fixture in Sioux Falls.  A couple of years ago, the business moved from Park Ridge Ga...

Full Story | Watch
What Will Cost More/Less In 2015

12/16/2014 1:36 PM

Industry experts say gasoline prices will continue to fall in 2015, but other prices are expected to rise.

Full Story
Denny Sanford To Donate $25 Million For Scholarship Program

12/16/2014 4:30 PM

Philanthropist T. Denny Sanford is donating $25 million to South Dakota for a scholarship program for the state's technical schools.&nbs...

Full Story
Denny Sanford's Multi-Million Solution To Worker Shortage

12/16/2014 10:04 PM

Sanford's money provides half of the funds for a $50 million scholarship program at the state's technical schools to train workers to fill job...

Full Story | Watch


Events