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.


21° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Friday Evening Business Brief

July 20, 2012, 5:38 PM

Friday Evening Business Brief

Stocks were down today, a setback after three days of gains. The Dow fell 121 points, or 0.9 percent, to 12,823. The S&P 500 dropped 14 points, while the Nasdaq composite lost 41 points. For the week, the key averages still managed a gain, of between 0.4 and 0.6 percent.

  • A new report from the Treasury Department says the process for setting a key global interest rate is flawed and poses a risk to the stability of financial markets. Three weeks ago, Britain's Barclays bank admitted it had submitted false information to hold down the London interbank offered rate, known as LIBOR, and agreed to pay a $453 million fine.
  • Despite today's downward move for the broader market, there was a solid showing for Kayak's initial public offering. Shares of the travel web site operator closed with a gain of nearly 28 percent.
  • American Airlines' flight attendants' union promises to send the troubled company's latest contract offer to its members for a ratification vote. The offer includes a promise to support giving the flight attendants a 3 percent stake in the company after it emerges from bankruptcy protection. Pilots are voting on an offer that would give them a 13.5 percent stake. The company's creditors would be asked to support the requests.
  • Renewed concerns about Europe's economy also weighed on the price of oil. Benchmark crude fell $1.22 to settle at $91.44 a barrel in New York.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Vern Eide Pays It Forward For Thanksgiving

11/22/2014 6:34 PM

Closer to home, families are out buying turkeys as we are less than a week away from Thanksgiving.

Full Story
Pierre, Fort Pierre Grocery Stores Being Sold

11/28/2014 6:29 AM

Rapid City-based Lynn's Dakotamart is buying grocery stores in Pierre and Fort Pierre.

Full Story
Chris Tomlin & Rend Collective Coming To PREMIER Center

11/25/2014 11:04 AM

Some of the biggest names in Contemporary Christian music are coming to the Denny Sanford PREMIER Center.

Full Story
Some Online Shoppers Pay More Than Others

11/26/2014 9:57 PM

A lot of people will chose to skip the lines on Black Friday and opt for Cyber Monday to order their gifts online. 

Full Story | Watch
Downtown Delicatessen Ready To Reopen

11/25/2014 2:20 PM

A downtown Sioux Falls delicatessen will re-open just in time for the holidays.

Full Story


Events