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.


34° 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 Morning Business Brief

August 27, 2012, 9:35 AM

Monday Morning Business Brief

Stocks are coming off a losing week. The Dow industrials dropped 87 points, or 0.7 percent, to 13,158. The S-and-P 500 index fell 7 points, or 0.5 percent, to 1,411. And the Nasdaq was down nearly 7 points, or 0.2 percent, at 3,070. But trading is extremely light in a typically slow August, without much to influence trading.

  • World markets stalled today as the absence of action by central banks in the U.S. and China dismayed investors while Apple's court victory in a high-stakes patent dispute sent shares of Samsung Electronics into a tailspin. Benchmark crude oil rose above $97 per barrel. The dollar fell against the euro and the yen.
  • A new assessment of the important consumer sector comes this week. The Conference Board tomorrow will release its Consumer Confidence Index for August. Other new data this week will include home prices, home sales and an update on the overall economy with the second-quarter gross domestic product and the Fed's Beige Book on regional economic conditions.
  • The federal government says oil and gas operators are evacuating offshore platforms and rigs that could wind up in Tropical Storm Isaac's path through the Gulf of Mexico. Isaac is expected to become a Category 2 hurricane before making landfall late Tuesday or early Wednesday.
  • Most Americans say go ahead and raise taxes if it will save Social Security benefits for future generations. And raise the retirement age, if you have to. A new Associated Press-GfK poll on public attitudes toward the nation's largest federal program finds that both options are preferable to cutting monthly benefits, even for people who are years away from applying for them.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Huset's Speedway Purchased By Badlands Group

4/21/2015 5:18 AM

The longtime sprint car track near Brandon will be renamed Badlands Motor Speedway after the 2015 season.

Full Story
Shoppers Swarm Target For Designer Product Line

4/20/2015 1:14 PM

The retailer released its Lilly Pulitzer for Target collection, and many stores were sold out within minutes.

Full Story
Huset's Speedway Sold

4/21/2015 6:00 PM

Started back in the late 1950s, Huset's Speedway is almost as old as the dirt the cars race on.  But that's about to change.

Full Story | Watch
Multi-Million Dollar Athletic Center Planned For Sioux Falls

4/21/2015 5:03 PM

Plans are in the works for a 40,000 square foot athletic training center in southeast Sioux Falls.  With the Pentagon and the new tennis facility...

Full Story | Watch
Amazon Distribution Center In Shakopee Could Employ 1,000

4/22/2015 6:03 AM

The online retailer is asking the city of Shakopee for about $5 million in tax breaks to build the 820,000-square-foot center and warehouse.

Full Story


Events