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

November 15, 2012, 1:20 PM

Thursday Afternoon Business Brief

Stocks are lower in afternoon trading after U.S. retailers turned in mixed earnings reports. Wal-Mart's stock fell sharply, after the retailer issued a weak outlook for fourth-quarter profits. Target said its profit and sales rose but the sales gains were slower than last year. Shares in Ross Stores slid after it predicting poor results for the holiday shopping season. The Dow, the S&P 500 and the Nasdaq are all down.

  • BP says it will pay $4.5 billion in a settlement with the U.S. government over the disastrous 2010 oil spill in the Gulf of Mexico. The company also is pleading guilty to criminal charges related to the deaths of 11 workers in the rig explosion that triggered the spill and lying to Congress. Two BP employees have been indicted on manslaughter charges over the deaths.
  • Rates on fixed mortgages fell to new record lows this week. Mortgage buyer Freddie Mac says that the average rate on the 30-year loan dipped to 3.34 percent, the lowest on records dating back to 1971. The average on the 15-year fixed mortgage dropped to 2.65 percent. The downward trend has helped the housing market start to recover this year.
  • Manufacturing shrank in the Philadelphia and New York regions this month. Damage from Superstorm Sandy disrupted area factories, helping send the Federal Reserve's regional manufacturing activity down to minus-10.7. That's down from a reading of 5.7 in October, which was the first month of growth since April.
  • United Airlines says it has fixed a computer problem that led to widespread delays for thousands of its passengers today. The outage lasted for about two hours this morning, preventing dispatchers from sending flight information to about half of the United's flights. United has been struggling with technology problems since March, when it switched its computer system for passenger information.

You can find more business news on the Back to Business page of KELOLAND.com.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Two KELOLAND Target Stores Now Open Extended Hours

8/19/2014 12:16 PM

Night owls who enjoy shopping at Target will soon have a few more hours to browse the shelves.

Full Story
Raven Balloons In Demand By Google

8/20/2014 9:10 AM

Raven Industries reports that sales for the second quarter are up to $94.5 million from $93.4 million the same time last year, due in part to Google&#...

Full Story
Sioux Falls Store Included In UPS Breach

8/21/2014 1:53 PM

If you used a credit or debit card at a UPS Store in the last seven months, some of your personal information could be a risk.  

Full Story
Woman-Owned Highway Construction Company

8/21/2014 10:05 PM

There are nearly eight million women owned businesses in the U.S.  But only eight percent of construction businesses are owned by women. 

Full Story | Watch
New CEO Of Idled Aberdeen Beef Plant Optimistic

8/17/2014 3:45 PM

The new CEO of a beef plant that has sat idle in Aberdeen since 2012 is optimistic about the facility's future.

Full Story


Events