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.


52° 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 Evening Business Brief

December 28, 2012, 5:23 PM

Friday Evening Business Brief
  • Stocks are dropping again on Wall Street as investors lose hope that Washington will meet a self-imposed deadline for reaching a budget deal by year-end. The five-day losing streak for the Dow Jones industrial average was the longest since July. The Dow lost 158 points to close at 12,938 today. The S&P 500 fell 15 points and the Nasdaq dropped 25 points.
  • The price of oil fell slightly today, as the stock market drifts lower and efforts continue in Washington to strike a budget deal before the year-end deadline. U.S. benchmark crude fell 7 cents to finish at $90.80 a barrel. Traders are also weighing rising energy supplies. The Energy Department says crude supplies fell last week but were still 13 percent above year-ago levels.
  • President Barack Obama and congressional leaders are making a final stab at compromise to prevent the nation from falling off the "fiscal cliff" at the turn of the new year. Obama met at the White House today with House Speaker John Boehner, Senate Republican leader Mitch McConnell, Senate Majority Leader Harry Reid and House Democratic leader Nancy Pelosi. The meeting lasted a little over an hour and neither the president nor the four lawmakers spoke with reporters after the session.
  • A deal has been struck that for now averts a strike by longshoremen at major ports on the East Coast and Gulf of Mexico. A federal mediator announced today that an expired contract for 14,500 union workers would be extended until early February while negotiations continue. The mediator says there have been major steps forward toward resolving the dispute.
  • Some customers of the failed brokerage MF Global could get back all the money they lost, according to the trustee working to recover those funds. That comes a week after an agreement between the trustee of MF Global's main brokerage unit and the trustee of its British operations. The two sides agreed to resolve all claims between them, which should free up an extra $500 million to $600 million to return to customers of MF Global.

Find more business stories on the Back To Business page.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Lick The Spoon Expands Pot Pie Business

4/14/2015 3:00 PM

Lick The Spoon is expanding its pot pie business.  

Full Story
Dozens Of Park Positions To Fill Yet

4/15/2015 5:00 PM

Every summer, the city of Sioux Falls hires hundreds of people for seasonal jobs within the park system

Full Story | Watch
SD Driver License Stations Accept Plastic

4/16/2015 11:45 AM

You no longer need to stop by a cash machine before renewing your driver license.  All South Dakota exam stations now accept credit and debit car...

Full Story
First Dakota National Bank Buys Home Federal Branch in Pierre

4/15/2015 5:50 PM

First Dakota will assume deposits and loans associated with the branch and will acquire the branch facilities and equipment.

Full Story
What To Shred On Saturday

4/16/2015 10:10 PM

April 15, 2015 has come and gone.  Now it's time to get rid of old tax returns you don't need anymore.  But what should you shred an...

Full Story | Watch


Events