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.


53° 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.

Severe storms possible Sunday night: Click here for details.

 

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Monday Afternoon Business Brief

January 14, 2013, 1:20 PM

Monday Afternoon Business Brief

Stocks are mixed on Wall Street, with the Dow in positive territory and the S&P 500 and Nasdaq lower. Apple stock has tumbled on concern that demand for the iPhone 5 is waning. The Wall Street Journal reported that the company has cut its orders for iPhone 5 components due to weak demand. Traders are also waiting to hear what Federal Reserve Chairman Ben Bernanke has to say when he speaks in Michigan as the markets close.

  • President Barack Obama is insisting he won't negotiate with Republicans over increasing the government's borrowing authority. Republicans are demanding spending cuts in exchange for raising the debt ceiling. Obama says those negotiations should take place separately, but House Speaker John Boehner says that "allowing our spending problem to go unresolved" would be just as troublesome as failing to raise the  borrowing cap.
  • Chrysler says it's in talks to build some of its Jeeps in China for that market. Chrysler President and CEO Mike Manley says Jeep already sells several models in China and any production there would be "relatively incremental." He says U.S. will always be the home of the Jeep.
  • A transportation agency has filed a lawsuit alleging that United Airlines is avoiding tens of millions of dollars in taxes by falsely claiming it buys jet fuel in rural Illinois rather than Chicago. The Regional Transportation Authority says United Aviation Fuels Corp., a subsidy of United Airlines, is paying a fraction of what it really owes in taxes by operating a "sham" office in the town of Sycamore. The airline says its actions are perfectly legal.
  • PayPal is expanding its payment service to more brick-and-mortar retailers, including RadioShack and Dollar General stores. EBay Inc.'s payments subsidiary says that as of the end of 2012 it had agreements with 23 retailers to accept PayPal in their stores. PayPal is already accepted at Barnes & Noble, Foot Locker and the Home Depot, among other retailers.

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

Previous Story

Next Story




Sponsored

 


View business

You may also like

Wild Bat Found At Great Plains Zoo Tests Positive For Rabies

6/26/2015 11:19 AM

The Great Plains Zoo is warning visitors after a bat found on a sidewalk there tested positive for rabies.

Full Story
Presidential Proposal Would Expand Overtime Pay

6/30/2015 7:08 AM

Obama is unveiling a proposal to require overtime pay for workers who earn up to $970 per week, up from the current $455 threshold.

Full Story
Moe's Southwest Grill Selects Sioux Falls Location

6/29/2015 12:41 PM

You will soon have a new option for chips and salsa, salads and tacos in Sioux Falls.

Full Story
Speed Limit Dropping To 75 MPH Along Stretch Of I-90

6/26/2015 1:53 PM

Starting next week, drivers on Interstate 90 will have to slow down from the Wyoming border to just west of Exit 55 in Rapid City.

Full Story
New Outdoor Venue For Falls Park West

6/29/2015 5:07 PM

Mayor Mike Huether's Capital Improvement Plan includes $2.5 million for the Levitt project.

Full Story | Watch


Events