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.


72° 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!

 

Thursday Afternoon Business Brief

October 18, 2012, 1:43 PM

Thursday Afternoon Business Brief

Stocks are down in what's been a quiet session. The Dow Jones industrial average is down about 13 points at 13,544. The Nasdaq Composite Index is down 30 points at 3,073. The S-and-P 500 Index is down four points at 1,457.

  • Google stock hit the skids after its third-quarter earnings report became public several hours ahead of schedule. The report showed a drop in profit and revenue of more than 20 percent. The stock lost nine percent before trading was halted so investors could review the report.
  • There's good news for motorists now that gas prices have started their seasonal slide. The national average retail price is $3.74 a gallon, down 13 cents from its peak of a month ago. One analyst expects prices to drop as much as 15 cents a week for the next three weeks.
  • General Motors says it will hire 3,000 workers from Hewlett-Packard. The move is part of a larger GM strategy to have more control over the technology it uses in cars and to run its business.
  • Good news on the manufacturing front. The Federal Reserve Bank of Philadelphia says that manufacturing in the Philadelphia region expanded in October after five months of declines. That's a positive sign for a sector which had been weakening for much of the year.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Deciding When To Collect Social Security

7/22/2014 10:10 PM

78 million Baby Boomers are retiring or preparing to retire.  The question they all face is when to draw their Social Security benefits. 

Full Story | Watch


Events