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.


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




 
Find Local Businesses on KELO Pages!

View business

You may also like

Alco To Close Stores Across South Dakota

11/21/2014 2:03 PM

Several South Dakota cities will soon have one less store.

Full Story
South Dakota Malls Will Open On Thanksgiving

11/21/2014 11:41 AM

Shoppers no longer need to stay up all night to get Black Friday deals.  More stores are opening on Thanksgiving, closing overnight and then reop...

Full Story
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
Sioux Falls Scandinavian Store To Close

11/20/2014 3:30 PM

Holsen Hus, a Scandinavian store on Phillips Avenue in Sioux Falls is closing at the end of the year.

Full Story
New Convenience Store Opens on North Minnesota Avenue

11/21/2014 10:15 AM

The seventh Kum & Go convenience store in Sioux Falls is now open.  The new store at 1400 N. Minnesota Avenue is 5,000 square feet and will b...

Full Story


Events