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.


62° 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 Morning Business Brief

December 14, 2012, 5:59 AM

Friday Morning Business Brief

Today's moves in stock market could dictate whether this is a winning, or losing week. In Thursday trading, the Dow fell 75 points to 13,171. The S&P was down 9 points, while the Nasdaq slipped 22. Futures trading suggests a higher opening.

  • International stocks mostly swung higher today after a survey showed China's manufacturing production rose to a 14-month high, offsetting gloom from a sharp drop in Japanese business confidence. Benchmark crude oil rose to near $87 per barrel. The dollar fell against the euro and rose against the yen.
  • The Labor Department this morning releases the November Consumer Price Index, expected to show no inflation at the retail level. Also due today, industrial production figures from the Federal Reserve.
  • A quarterly survey by Japan's central bank shows major Japanese manufacturers are increasingly gloomy, due largely to weakening exports that resulted from antagonisms with China over a territorial dispute. The Bank of Japan's "tankan" index for the three months that ends in December was minus 12, much worse than expected and a steep drop from the minus 3 reading in the previous quarter.
  • A mounting dispute between Washington and Beijing over access to records of Chinese companies with U.S.-traded shares might force major corporate names such as oil giant PetroChina and search engine Baidu to withdraw from American stock exchanges. The dispute highlights the clash between heightened U.S. anti-fraud efforts and official Chinese secrecy. This month, the U.S. Securities and Exchange Commission accused the Chinese affiliates of five major accounting firms of impeding fraud investigations of nine companies by failing to hand over documents.

You can find more business news on the Back to Business page of KELOLAND.com.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

South SF Walmart Faces Another Lawsuit

4/28/2015 11:44 AM

The south side Walmart faces another legal challenge.

Full Story
Valentino's Restaurant To Close In May

4/29/2015 11:05 AM

Valentino's Restaurant is getting ready to dish out its final pizza. The owners of the Italian buffet are ready to retire. 

Full Story
Sioux Falls Southside Walmart Sets Target Opening Date

4/28/2015 11:39 AM

Walmart says it is finalizing details on its planned store for 85th Street and Minnesota Avenue in southern Sioux Falls and plans to break ground in t...

Full Story
Tight Job Market Has Bank Offering Hiring Bonuses

4/29/2015 3:15 PM

A tight job market has one KELOLAND employer offering cold, hard cash to new hires and to the current employees who refer them. 

Full Story
Sioux Falls Woman Victim Of Loan Scam

4/30/2015 10:10 PM

But as one Sioux Falls woman found out, trying to get a loan online can only add to your financial troubles.

Full Story | Watch


Events