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.


83° 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!

 

Wednesday Afternoon Business Brief

January 16, 2013, 1:32 PM

Wednesday Afternoon Business Brief

Problems with its new 787 have propelled Boeing's stock down sharply, and that's keeping the Dow down. Japan's two biggest airlines have grounded all their Boeing 787s for safety checks after one was forced to make an emergency landing. The Dow is off about 20 in afternoon trading while the Nasdaq is up about 10 and the S&P 500 has edged into positive territory too.

  • Moody's is turning sour on the higher education sector. The ratings agency says even prestigious, top-tier research universities are under threat from declining enrollments, government spending cuts and growing public doubts about the value of a college degree. Moody's says colleges and universities still offer a valuable product, but must take bolder action to cut costs and it's revising its outlook for the sector to negative.
  • Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes. The agreements with the Federal Reserve are similar to deals struck earlier this month with 10 other major banks and mortgage lenders. Combined, the 12 firms will pay more than $9 billion.
  • Charities and nonprofit organizations are expressing concerns that new limits on tax deductions for high earners will reduce the incentive for people to make donations. The limits are part of the new tax law Congress passed on New Year's Day. They reduce the value of itemized deductions for individuals making more than $250,000 and married  couples making more than $300,000.
  • A new government survey suggests the number of people seeking emergency treatment after consuming energy drinks has doubled nationwide as their popularity has grown. It found the number of emergency room visits involving the beverages shot up from about 10,000 in 2007 to more than 20,000 in 2011. The energy drink industry says its drinks are safe and there is no proof linking its products to the adverse reactions.

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

Allegiant Air Pilot Pleads With Tower To Make Emergency Landing

7/29/2015 1:58 PM

An Allegiant Airlines pilot declared a fuel emergency and had to land at a North Dakota airport even though the airport was closed for the Blue Angels...

Full Story
Lick The Spoon Closes East Side Location

7/29/2015 9:53 AM

Just a year after opening on East 10th Street and Bahnson Avenue in Sioux Falls, Lick The Spoon restaurant has closed its doors.  Angela Becker o...

Full Story
Filly Flair Set To Open Sioux Falls Store On Saturday

7/30/2015 5:18 PM

A successful online retailer is opening her first brick and mortar shop in Sioux Falls.

Full Story
Famous Wine Maker Planning Sioux Falls Development

7/29/2015 1:00 PM

Barber tells KELOLAND News while the plans still have yet to be finalized, they call for a couple of apartment buildings with eight to 12 units, as we...

Full Story
Fiat Chrysler To Pay Record Recall Fine

7/27/2015 9:32 AM

The settlement also forces the car maker to repurchase more than half a million Ram pickup trucks built between 2008 and 2012 because defective steeri...

Full Story


Events