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.


11° 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!

 

Wednesday Evening Business Brief

August 22, 2012, 5:45 PM

Wednesday Evening Business Brief

Stocks closed mixed, bouncing off their session lows amid signs from the Federal Reserve that it could do more to help the economy. The Dow Jones industrial average closed down 31 points at 13,172. The Nasdaq composite index gained six points at 3,074. The Standard & Poor's 500 index gained a fraction of a point to 1,413.

  • The minutes of the latest Fed meeting show that officials spoke with increased urgency about the need to provide more help to the sputtering economy. The minutes don't specify what action might be taken.
  • Oil prices rose after the Fed minutes were released. The price of benchmark crude rose 42 cents to $97.26 a barrel. Oil prices are up about $8 per barrel this month, partly on hopes that the U.S., Europe and China will do more to increase growth in their respective economies.
  • The jury is now deliberating in the multi-billion dollar patent trial that pits Apple against Samsung. Apple claims Samsung stole its iPad and iPhone technology. Samsung makes a similar counter-claim.
  • It is the biggest loss in Hewlett-Packard history. The company confirms it lost almost $9 billion in its most recent quarter. Much of that is the result of a failed acquisition.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Alco To Close Stores Across South Dakota

11/21/2014 2:03 PM

Several South Dakota cities will soon have one less store.

Full Story
South Dakota Malls Will Open On Thanksgiving

11/21/2014 11:41 AM

Shoppers no longer need to stay up all night to get Black Friday deals.  More stores are opening on Thanksgiving, closing overnight and then reop...

Full Story
Vern Eide Pays It Forward For Thanksgiving

11/22/2014 6:34 PM

Closer to home, families are out buying turkeys as we are less than a week away from Thanksgiving.

Full Story
New Convenience Store Opens on North Minnesota Avenue

11/21/2014 10:15 AM

The seventh Kum & Go convenience store in Sioux Falls is now open.  The new store at 1400 N. Minnesota Avenue is 5,000 square feet and will b...

Full Story
Chris Tomlin & Rend Collective Coming To PREMIER Center

11/25/2014 11:04 AM

Some of the biggest names in Contemporary Christian music are coming to the Denny Sanford PREMIER Center.

Full Story


Events