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.


61° 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

November 16, 2012, 2:18 PM

Friday Afternoon Business Brief
  • Stocks turned higher after Congressional leaders reported progress in talks with President Barack Obama about cutting the U.S. government's budget deficit. The Dow had been down as much as 71 points in morning trading but turned higher after the White House meeting. The Dow was up about 25 points in afternoon trading. The broader indexes are also higher.
  • The White House says President Barack Obama had a constructive meeting with congressional leaders on the looming "fiscal cliff." Obama met with the top leaders of the House and Senate for more than an hour this morning on ways to avert a series of automatic tax increases and spending cuts set to take effect Jan. 1 without action to head it off. Congressional leaders are expressing confidence a deal can be reached before Christmas.
  • An audit of the federal agency that insures mortgages for millions of low- and middle-income borrowers finds it is facing losses of more than $16 billion and may require taxpayer support. The Federal Housing Administration's estimated losses are steeper than earlier projections. But government officials say the agency has sufficient cash to pay insurance claims against mortgage defaults.
  • The House has voted to end Soviet-era trade restrictions. U.S. manufacturers and farmers have been pressing for the action, hoping to take advantage of Russia's expanding and more open markets. The bill establishes permanent normal trade relations with Russia while outlining sanctions for Russian officials involved in human rights violations. The Senate is expected to take up the measure after the Thanksgiving.
  • The Coast Guard says an oil rig fire has been extinguished after an explosion off the coast of Louisiana that sent four people to hospitals. Coast Guard aircraft and boats are searching for two missing people. Local officials say the Coast Guard has told them the platform is intact and suffered no structural damage and there's no pollution at the site.

Read more business stories at the Back to Business page.

Previous Story

Next Story




Sponsored
 

View business

You may also like

Sioux Falls Named Third Most Livable City For People Over 50

5/21/2015 2:30 PM

AARP cites Sioux Falls' 25-mile walking and biking trail that loops the entire city, offering views of the historic core, as one of the reaso...

Full Story
Women's Clothier Torrid Coming To Empire Mall

5/26/2015 1:35 PM

Construction is scheduled to begin in July, and the store plans to open in early fall. 

Full Story
New Retail Planned For 85th And Louise Avenue

5/22/2015 1:15 PM

Kevin Nyberg is planning a 22,000- to 25,000-square-foot Ace store at the intersection, but the project could be a few years off due to the recent exp...

Full Story
Warning: Phone Scams Making The Rounds

5/22/2015 1:15 PM

The Pennington County Sheriff's Office is issuing an alert about a phone scam involving jury duty.

Full Story
Flights Cut/Airfares Rise Out of Sioux Falls

5/26/2015 10:10 PM

Just last summer, KELOLAND News reported that more people were flying Frontier. The discount airline had daily flights to Denver that were more than 9...

Full Story | Watch


Events