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.


-6° 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

October 5, 2012, 5:17 PM

Friday Evening Business Brief

Stocks turned mixed on Wall Street, after an early rally faded. The Dow added 35 points to 13,610. The S&P was little changed, while the Nasdaq composite dropped 13 points.

  • There was surprising good news on the job market, with the Labor Department reporting the unemployment report fell to 7.8 percent last month. More people found work and there were upward revisions in payrolls numbers for the previous months of July and August.
  • The Federal Reserve says Americans boosted their borrowing in August by the largest amount in three months. A big jump in use of student loans helped to drive the expansion in borrowing.
  • The Congressional Budget Office says the deficit for the just-completed 2012 budget year at $1.1 trillion. It marks the fourth straight year of trillion dollar deficits. The 2012 deficit was 7 percent of the size of the economy.
  • The price of oil fell today. Benchmark oil was down $1.83 to settle at $89.88 a barrel in New York.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

The City's Largest Construction Project Will Impact Thousands

3/2/2015 5:04 PM

It's being billed as the city's largest construction project this year at a cost of just under $9 million and it's going to impact thousan...

Full Story | Watch
Whiffer's Sandwiches Back Open For Business

3/2/2015 4:00 PM

Whiffer's Sandwiches is serving up lunch on Minnesota Avenue again.

Full Story
Costco Citigroup Partnership To Have Impact On Citibank In Sioux Falls

3/3/2015 2:45 PM

Costco is switching credit card company partnerships and that is going to have an impact on Citibank in Sioux Falls.  

Full Story
Great Western Bank To Close Two Sioux Falls Branches

3/4/2015 12:57 PM

Great Western Bank is closing its branches in the Walmart store on South Louise Avenue in Sioux Falls and at the Western Mall at the end of the month.

Full Story
Target Plans $2B In Cost-Cutting Moves

3/3/2015 3:20 PM

Target Corp. plans $2 billion in cost cuts over the next two years through corporate restructuring and other improvements.

Full Story


Events