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.


78° 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!

 

Friday Afternoon Business Brief

January 27, 2012, 1:23 PM

Friday Afternoon Business Brief
The Dow is on track to chalk up its first losing week of the year, but not by much. The key averages are mixed, with the Nasdaq remaining in positive territory.
  • The Fitch ratings agency says it is downgrading the credit grades of five European nations including Italy and Spain. Fitch cites "the marked deterioration in the economic outlook" in Europe and "the absence of a credible financial firewall against contagion and self-fulfilling liquidity crises."
  • Spain's unemployment rate has soared to nearly 23 percent. And even worse, it is close to 50 percent for those under age 25, leaving more than 5 million people - or almost one out of every four - out of work as the country slides toward recession. 
  • Union membership grew slightly last year, giving labor leaders hope that a period of steep declines has finally bottomed out. According to the federal government, the number of unionized workers increased by about 50,000 to nearly 14.8 million members in 2011. That's after unions had lost nearly 1.4 million members over the previous two years.
  • The nation's fourth quarter growth rate, released today, wasn't quite was robust as expected. GDP grew at an annual rate of 2.8 percent. The growth was fueled by a surge in sales of cars and other durable goods.

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
Former Vermillion Pamida Store To Become A Jerry's Auto Dealership

7/27/2015 4:30 PM

The old Pamida store, which has been vacant for years in Vermillion, will become a car dealership.  Jerry Barr of Jerry's Auto is buying the ...

Full Story


Events