Back to: Your Money Matters
March 20, 2012 06:48 PM

Tuesday Evening Business Brief

  • Stocks closed lower for only the second time in two weeks. The Dow lost 69 points, or 0.5 percent, to 13,170. The S&P was down 4 points, while the Nasdaq shed 4 points.
  • Ben Bernanke today became the first sitting Federal Reserve Chairman to help teach a college course. It was the first of four planned lectures at George Washington University. Today, the former college professor focused on the history of the Fed.
  • A pledge from Saudi Arabia to pump more oil to cover supply shortages and new signs that China's economy is slowing helped send crude prices lower today. Benchmark U.S. crude fell $2.48 to $105.61 per barrel in New York.
  • The U.S. Commerce Department has imposed new import fees on solar panels made in China, finding that the Chinese government is improperly giving subsidies to manufacturers of the panels there. The government says it found on a preliminary basis that Chinese solar panel makers have received government subsidies of about 3 to 5 percent.
  • A year after it began charging for full access to its website, The New York Times is cutting the number of articles available for free from 20 per month to just 10. The Times says the change takes effect in April.
  • Business
  • Economy/Stocks

Keloland Live Doppler

Sioux Falls, SD - Change

Building Collapse Coverage Refer