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.


24° 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 Evening Business Brief

January 4, 2013, 5:14 PM

Friday Evening Business Brief

It's been a good day on Wall Street. The S&P 500 is closing at its highest level in five years as the stock market extends a New Year's rally. The S&P closed at 1,466, the highest since Dec. 31, 2007, before the financial crisis. The Dow Jones industrial average ended up 43 points at 13,435. The Nasdaq rose just one point to end at 3,101.

  • The price of oil has finished the day higher after the Energy Department reported a much bigger drop in the nation's crude supplies than analysts expected. Benchmark crude for February delivery closed up 17 cents at $93.09 a barrel on the New York Mercantile Exchange. There were also some encouraging economic reports today that raised hopes for higher oil demand.
  • One of the longest and most bitter labor disputes in Atlantic City, N.J. is over. Resorts Casino Hotel has signed a contract with the main casino workers' union, ending a more than two-year dispute that included picketing on the Boardwalk and a pressure campaign by Local 54 of the Unite-HERE union to have other unions cancel conventions at the hotel.
  • Jason Kilar is stepping down as the chief executive of Hulu, the online video service owned by the parents of ABC, NBC and Fox. While he didn't state a reason, the video site has been losing money despite posting nearly $700 million in revenue last year. Kilar has at times clashed with Hulu's owners over company strategy.
  • Spaceport America is urging legislators to limit potential lawsuits from wealthy outer space tourists who take off from New Mexico, saying such a bill is crucial to the future of the project. At issue is liability for passengers who pay to take spaceflights like those planned by Virgin Galactic for $200,000 a head.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

New Indoor Racing & Recreation Business

11/19/2014 10:05 PM

For about four months out of the year, people in the Sioux Falls area can go go-kart racing and play mini golf.

Full Story | Watch
New Sioux Falls Shop Opens Thursday

11/19/2014 11:10 AM

Holiday shoppers will soon have a new spot to buy locally made gifts.

Full Story
Stroller Recall Due To Amputation Hazard

11/20/2014 9:45 AM

More than four million strollers sold in the United States are part of a recall.

Full Story
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
Gas Stations In Region Struggling To Keep Up Supply

11/18/2014 5:52 PM

Over the past few days, drivers in Sioux Falls have been noticing certain grades of fuel are out of stock at gas stations across town.

Full Story | Watch


Events