Business

US stocks drift in quiet close to another winning week

NEW YORK (AP) — U.S. stock indexes nestled a hair lower on Friday after the falling price of oil weighed on energy companies, but the S&P 500 nevertheless closed out its third straight winning week following a brutal stretch in December. It was a day full of broken streaks — oil fell ...

New lease on life

GREEN VALLEY — When saving antiques that have substantial wear and tear but plenty of sentimental value, owners in Marshall and nearby locations often turn to Dan Markell. He operates Markell’s Antique Restoration at his acreage north of Marshall. His shop building, originally an on-farm ...

Avera Health announces new chief human resources officer

Avera Health President and CEO Bob Sutton announces that Kim Jensen has been named chief human resources officer for the Avera Health system. She officially begins that role Dec. 30. “Kim brings numerous years of experience with HR leadership – and specifically more than 20 years of ...

SpaceX launches Air Force’s best GPS yet

CAPE CANAVERAL, Fla. (AP) — SpaceX has launched the U.S. Air Force's most powerful GPS satellite ever built. A Falcon 9 rocket blasted off from Cape Canaveral, Florida, on Sunday, hoisting the satellite into orbit. The satellite was supposed to soar Tuesday but rocket concerns and then ...

London airport open, but location of drone culprit up in air

LONDON (AP) — London's Gatwick Airport was operating without problems Sunday, but the fugitive drone operators who brought incoming and outgoing flights to a standstill over multiple days remained at large — and a potential threat — after police cleared two local residents who were ...

Russia: Criminal probe opened in mine fire

MOSCOW (AP) — Rescue teams on Sunday found the bodies of nine construction workers who were trapped inside a burning potash mine in Russia’s Ural Mountains, while Russian officials opened a criminal investigation of the accident. A fire erupted Saturday at the mine operated by fertilizer ...

Italian Senate OKs budget, tweaked to satisfy EU concerns

ROME (AP) — After a raucous marathon session, the Italian Senate early Sunday approved a national budget law that was tweaked after the European Union objected to plans by Italy’s populist government to satisfy expensive campaign promises with a large deficit. The budget, which was ...

Jennie-O recalls more than 164,000 pounds of ground turkey

MINNEAPOLIS (AP) — A Minnesota-based poultry producer is recalling more than 164,000 pounds of raw ground turkey products that may be contaminated with salmonella. The Jennie-O Turkey Store products have markings saying to use or freeze by Nov. 12 or 13. The recall includes plain ground ...

Strength in US growth at end of year likely to fade in 2019

WASHINGTON (AP) — The U.S. economy has turned in a stellar performance this year. But mounting problems, from trade tensions to jittery financial markets and political gridlock in Washington, are expected to sharply slow growth in 2019. The Commerce Department estimated Friday that the ...

Decade-long rally on Wall Street looks like it’s ending

NEW YORK (AP) — After almost 10 years, Wall Street's rally looks like it’s ending. Another day of big losses Friday left the U.S. market with its worst week in more than seven years. All of the major indexes have lost 16 to 26 percent from their highs this summer and fall. Barring huge ...

Dow sinks another 464 points; slowdown feared

NEW YORK (AP) — Stocks went into another slide Thursday in what is shaping up as the worst December on Wall Street since the depths of the Great Depression, with prices dragged down by rising fears of a recession somewhere on the horizon. The Dow Jones Industrial Average dropped 464 ...

Kushners buying 4th NJ property in tax-break zone

NEW YORK (AP) — Jared Kushner's family company is buying another property in a New Jersey beach town where developers can get big tax breaks thanks to a new federal program pushed by Kushner and his wife, Ivanka Trump. The Kushner Cos. is negotiating to buy land already approved for retail ...

SDA moves to tighten work requirements for food stamp

WASHINGTON (AP) — The Trump administration is setting out to do what this year’s farm bill didn’t: tighten work requirements for millions of Americans who receive federal food assistance. The U.S. Department of Agriculture on Thursday proposed a rule that would restrict the ability of ...

Open once more

MARSHALL — Not a day went by without someone popping their head into Mike’s Cafe during the three-week long closing for renovations to ask when is it re-opening. The answer is — today! “I’m 99 percent sure,” said owner Ross Taveirne, who has owned Mike’s since 2013. Taveirne ...

Business Briefs for Dec. 17

Heemeyer is new human resources department manager for North Star Marcy Heemeyer recently began work as department manager of the Human Resources department for North Star Mutual Insurance Company, Cottonwood. Before coming to North Star, Heemeyer was the president and CEO of the United Way ...

China suspends tariff hikes on US cars, auto parts

BEIJING (AP) — China announced a 90-day suspension on Friday of tariff hikes on U.S. cars, trucks and auto parts following its cease-fire in a trade battle with Washington that threatens global economic growth. The suspension is China’s first step in response to President Donald Trump’s ...

Stocks plunge to 8-month lows on growth fears; J&J nosedives

NEW YORK (AP) — Stocks staggered to eight-month lows Friday after weak economic data from China and Europe set off more worries about the global economy. Mounting tensions in Europe over Britain's impeding departure from the European Union also darkened traders' moods. The Dow Jones ...

Obama-era rule leads to $150M in student loan forgiveness

The U.S. Education Department said it will forgive $150 million in federal student loans as part of a 2016 rule that Secretary Betsy DeVos previously tried to block. Department officials began notifying 15,000 students on Friday that their loans will automatically be erased because they ...

Stocks indexes settle down, but small companies drop again

NEW YORK (AP) — U.S. stocks wobbled Thursday as the markets turned fairly quiet after a very turbulent start to the week. Small companies dropped and high-dividend stocks, which investors favor when they want to reduce risk, rose. Major stock indexes spent the day switching between small ...

Business Briefs for Dec. 10

Avera Marshall opens primary care clinic at Western Mental Health Center Avera Medical Group Marshall and Western Mental Health Center in Marshall are collaborating to offer an onsite primary care clinic at WMHC. This clinic opened in early November. “We’re happy to be partnering with ...