User uShare 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.

47° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



Share your Photos, Videos, and Stories on uShare! Click here to get started.


[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Friday Afternoon Business Brief

December 28, 2012, 1:45 PM

Friday Afternoon Business Brief
  • Stocks are lower for a fifth day amid concerns that Washington lawmakers will fail to reach a budget deal before a year-end deadline. If the market ends lower, it will mark the longest losing streak in three months.
  • President Barack Obama is preparing to present a limited fiscal proposal to congressional leaders at a White House meeting later this afternoon. It's a make-or-break moment for negotiations to avoid across-the-board tax increases and deep spending cuts at the first of the year. Lawmakers and White House officials are holding out a slim hope for a deal before the New Year, but it's unclear whether congressional passage of legislation palatable to both sides is even possible.
  • A mediator says the union for longshoremen along the East Coast and Gulf of Mexico has agreed to extend its contract for 30 days, averting a possible strike which could have crippled operations at several ports. Those ports handle about 40 percent of all U.S. container cargo. The mediator says negotiations will continue until at least midnight Jan. 28.
  • U.S. pending home sales rose last month to its highest level in two and a-half years. With ultra-low mortgage rates and steady job gains, home sales are on track to rise 10 percent this year to their highest level in five years.
  • Spain's prime minister says the country's economy faces a tough year ahead as it grapples with recession, a deep financial crisis and 25 percent unemployment. In his end-of-year assessment Friday, Mariano Rajoy said the country's crisis had been worse than anticipated, warning that the first half of 2013 will be "very hard" with any recovery not expected until the latter part of the year.

Read more business stories on the Back to Business page.

Previous Story

Next Story



View business

You may also like

State's Termination Letter To Educational Cooperative

9/28/2015 11:59 AM

The letter, signed by Deptartment of Education Secretary Melody Schopp, lists eight reasons for the decision not to continue to steer federal grant mo...

Full Story
Melmer Answers Questions About GEAR UP Work

9/28/2015 6:05 PM

Mid Central got $16.5 million in federal money through the state in the last ten years to administer the GEAR UP program to encourage Native American ...

Full Story | Watch
Stacy Phelps Resigns From Board of Education

10/2/2015 3:14 PM

Phelps administered the GEAR UP program which prepared and encouraged Native American students to enroll into higher educaton.

Full Story
Sioux Falls Floral Shop Fills Special Order For Elton John

10/1/2015 4:48 PM

Sir Elton John will be surrounded by beautiful flowers during his stop in Sioux Falls.

Full Story
Following The GEAR UP Grant Money

9/29/2015 6:10 PM

Mid Central Educational Cooperative dispersed the grant money since 2005 to two organizations to run the GEAR UP program, under business manager Scott...

Full Story | Watch