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.


View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Tuesday Evening Business Brief

November 20, 2012, 5:11 PM

Tuesday Evening Business Brief
  • Stocks ended today's trading on Wall Street little changed. The Dow dropped 7 points to 12,789. The S&P and the Nasdaq composite both rose less than a point.
  • Federal Reserve Chairman Ben Bernanke is urging Congress and the Obama administration to avoid sending the economy over the "fiscal cliff". Speaking in New York, Bernanke said uncertainty is likely restraining spending and investment.
  • Hewlett-Packard says it was the victim of a multi-billion dollar fraud at the hands of a British company it bought last year that lied about its finances. HP CEO Meg Whitman says executives at Autonomy Corporation "willfully" boosted the company's figures through various accounting tricks. HP paid $9.7 billion for the company in October 2011.
  • Moody's Investors Service is cutting its long-term ratings for J.C. Penney one step lower into non-investment of junk grade status. Moody's says the downgrades reflect its expectation that J.C. Penney's fourth-quarter profitability will take a big hit as a result of the need to clear excess inventory.
  • South Carolina Gov. Nikki Haley says a report on a massive security breach in the state's tax collection agency shows officials could have done more to protect personal information for nearly 4 million taxpayers. She has accepted the resignation of Department of Revenue Director effective at the end of the year. Haley says the hacker got access to 3.3 million bank account numbers.

Find business stories on the Back To Business page.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Website Ranks The 25 Best Jobs For 2015

1/28/2015 5:12 AM

Physician assistants topped the list, which has an average base salary of $111,376.

Full Story
Automakers Recall More Than 2M Vehicles For Faulty Air Bags

1/31/2015 11:43 AM

More than 2 million Toyota, Chrysler and Honda vehicles are being recalled for a second fix for faulty air bags that may inadvertently inflate while t...

Full Story
Refinery Issues Lead To Higher SD Gas Prices

1/27/2015 11:10 AM

For the first time in months, South Dakota's average gas price rose last week.  According to a AAA report, the increase is due to a series of...

Full Story
Proposed Egg Farm Drawing Complaints In Turner County

1/27/2015 7:30 AM

A Sioux Falls-based company hopes to more than double the number of egg-laying hens in South Dakota by opening a large chicken operation near Parker.

Full Story
Omaha Writer To Feature Queen City Bakery

1/28/2015 6:00 PM

Queen City Bakery in Sioux Falls has developed a large fan base locally and now people from all over can experience why. The business is set to be fea...

Full Story | Watch


Events