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.


62° 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!

 

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

South SF Walmart Faces Another Lawsuit

4/28/2015 11:44 AM

The south side Walmart faces another legal challenge.

Full Story
Valentino's Restaurant To Close In May

4/29/2015 11:05 AM

Valentino's Restaurant is getting ready to dish out its final pizza. The owners of the Italian buffet are ready to retire. 

Full Story
Sioux Falls Southside Walmart Sets Target Opening Date

4/28/2015 11:39 AM

Walmart says it is finalizing details on its planned store for 85th Street and Minnesota Avenue in southern Sioux Falls and plans to break ground in t...

Full Story
Tight Job Market Has Bank Offering Hiring Bonuses

4/29/2015 3:15 PM

A tight job market has one KELOLAND employer offering cold, hard cash to new hires and to the current employees who refer them. 

Full Story
Sioux Falls Woman Victim Of Loan Scam

4/30/2015 10:10 PM

But as one Sioux Falls woman found out, trying to get a loan online can only add to your financial troubles.

Full Story | Watch


Events