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.


40° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Winter weather returns early this week.  Storm Center Update

 

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Monday Evening Business Brief

January 14, 2013, 5:14 PM

Monday Evening Business Brief
  • Stocks finished the day mixed. The Dow closed up 19 points at 13,507, but the broader indexes finished lower. The S&P 500 lost a point to end at 1,470, while the Nasdaq fell eight to 3,117.
  • Treasury Secretary Timothy Geithner is telling congressional leaders that the U.S. government could hit its borrowing limit as soon as the middle of next month. The government reached the $16.4 trillion limit on Dec. 31, but began using bookkeeping maneuvers to stay under it. In a letter to congressional leaders, Geithner says Treasury will exhaust those measures sometime between mid-February and early March.
  • A measure of 2012 home prices shows the biggest rise in six years. Real estate data provider CoreLogic says its home price index climbed 7.5 percent last year. Stronger demand, a lower inventory of unsold homes and fewer sales of bank-owned properties were key factors.
  • JPMorgan Chase & Co. has been ordered to take steps to correct poor risk management that led to a surprise trading loss last year of more than $6 billion. Federal regulators are also citing the nation's largest bank for lapses in control that allowed the bank to be used for money laundering. JPMorgan will not pay a fine under the agreements with the Federal Reserve and the U.S. Comptroller of the Currency after promising to strengthen its policies and procedures.
  • Nissan's sales of its Leaf electric car have fallen far short of expectations, so the carmaker is lowering the price. The 2013 Leaf will start at $28,800, which is $6,000 lower than the previous model. Federal tax incentives drop the cost to buyers below $19,000.

Read 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

National Attention For Sioux Falls Bakery

12/15/2014 9:56 AM

A Sioux Falls bakery is getting more national recognition.  CH Patisserie has been named one of the top 75 bakeries in the nation by The Daily Me...

Full Story
Cliff Hangers Gallery Closes; Customers Want Items Back

12/15/2014 10:10 PM

For more than two decades, Cliff Hangers Gallery has been a fixture in Sioux Falls.  A couple of years ago, the business moved from Park Ridge Ga...

Full Story | Watch
What Will Cost More/Less In 2015

12/16/2014 1:36 PM

Industry experts say gasoline prices will continue to fall in 2015, but other prices are expected to rise.

Full Story
Denny Sanford To Donate $25 Million For Scholarship Program

12/16/2014 4:30 PM

Philanthropist T. Denny Sanford is donating $25 million to South Dakota for a scholarship program for the state's technical schools.&nbs...

Full Story
Denny Sanford's Multi-Million Solution To Worker Shortage

12/16/2014 10:04 PM

Sanford's money provides half of the funds for a $50 million scholarship program at the state's technical schools to train workers to fill job...

Full Story | Watch


Events