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.


43° 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!

 

Monday Afternoon Business Brief

December 2, 2013, 1:44 PM

Monday Afternoon Business Brief

Shoppers spent less over the Thanksgiving weekend, and that is weighing on stocks. Although record numbers of shoppers turned out over the four-day Thanksgiving weekend, they spent less than they did last year. It was the first decline in Thanksgiving weekend spending since a retail trade group began tracking it in 2006. The Dow was little changed at midday.

  • U.S. manufacturing grew in November at the fastest pace in two and a-half years, with factories ramping up production, stepping up hiring and receiving orders at a healthy clip. The Institute for Supply Management says today that its index of manufacturing activity rose to 57.3, the highest since April 2011. A reading above 50 signals growth.
  • It's Cyber Monday, expected to be the busiest online shopping day of the year. Early results show online shopping was up more than 20 percent compared with the same time last year. IBM Benchmark released that figure at noon, Eastern time. Mobile traffic, which includes smartphones and tablets, accounted for 31 percent of all online traffic.
  • In some states, next year's online shoppers may have to pay the taxman as well as retailers. The Supreme Court has refused today to wade into a dispute over New York state's taxes on purchases on websites like Amazon.com. The move likely will prompt more states to attempt to collect taxes on Internet sales.
  • Fast food workers in about 100 cities across the country are slated to walk off the job Thursday. They're protesting the current federal minimum wage of $7.25 a hour, or about $15,000 a year. Protesters are calling for $15 an hour, although many see the figure as a rallying point rather than a near-term possibility.
  • Swedish automaker Saab's production line is rolling again for the first time in two-and-a-half years. A Hong Kong electronic carmaker bought the financially troubled company and brought it out of bankruptcy in September. Meanwhile another Swedish automaker, Volvo, says it aims to start testing self-driving cars on select roads by 2017.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Large Security Threat On Internet

4/10/2014 6:00 PM

It's already being called one of the biggest security threats the Internet has ever seen.

Full Story | Watch
Titan Machinery To Close Eight Stores Across U.S.

4/11/2014 6:22 AM

The company based in West Fargo, N.D., on Thursday cited a slow recovery in construction sector among the reasons for the move, which will leave 128 p...

Full Story
Heartbleed Bug Causes Major Security Headache

4/10/2014 9:33 AM

A confounding computer bug called "Heartbleed" is causing major security headaches across the Internet.

Full Story
Family Dollar To Cut Jobs, Close About 370 Stores

4/11/2014 5:44 AM

Family Dollar says it will be cutting jobs and closing about 370 underperforming stores as it looks for ways to improve its financial performance. It ...

Full Story
New Brewery Proposed In Northeast Sioux Falls

4/11/2014 8:58 AM

A new brewery is proposed for the Vance-Lantus building at 1400 E. Robur Drive, which is off of North Cliff Avenue, just north of Interstate 90 in Sio...

Full Story


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED