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.


42° 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

October 1, 2012, 7:43 AM

Monday Morning Business Brief
  • While stocks fell Friday, the third quarter was a solid one for all three indexes. The Dow starts the fourth quarter 4 percent higher at 13,437. The Standard & Poor's 500 gained nearly 6 percent from July through September, and starts at 1,441. The Nasdaq is at 3,116. Futures trading suggest gains at today's opening.
  • Many Asian stock markets have a holiday today while European stocks opened higher, hours before Greek officials were to resume negotiations with international lenders who have pledged financial help if the country makes the necessary budget cuts. Benchmark crude oil fell below $92 per barrel. The dollar fell against the euro but rose against the yen.
  • The Commerce Department reports August numbers for construction spending today, but with the presidential election a little more than a month away, all eyes will be on Friday's release of the September jobs report. Last month's numbers were seen as a disappointment, with employers adding 96,000 jobs and the nation's unemployment rate falling to 8.1 percent largely as a result of people dropping out of the workforce.
  • Official data show the record high unemployment rate in the 17 countries using the euro currency remained unchanged in August at 11.4 percent. European leaders have managed to calm financial markets but have been unable to halt the rising tide of joblessness. Some economists have argued that the very spending cuts that helped stabilize the crisis are what's pushing unemployment higher.
  • There'll be plenty of bacon to bring home but it's likely to start costing to bring home the bacon. The economics of the current drought are likely to nose up prices for bacon and other pork products next year, by as much as 10 percent. But U.S. agricultural economists are dismissing reports of a global bacon shortage.

Read more business stories on the Back To Business page.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Three Sushi Restaurants Close After Owners Dispute

10/22/2014 10:05 PM

Your options for sushi in Sioux Falls have just been cut by three. The restaurants mysteriously shut down this week, leaving customers and employees a...

Full Story | Watch
Valentino's Restaurant For Sale

10/20/2014 12:18 PM

Prime real estate on 41st Street in Sioux Falls is for sale. Valentino's Restaurant at 41st Street and Western Avenue has been listed for $1.35 mi...

Full Story
Three Sushi Restaurants Suddenly Close In Sioux Falls

10/22/2014 4:45 PM

Three sushi restaurants have all closed for business in Sioux Falls.

Full Story
Long John Silver's Closes, Building For Sale

10/20/2014 12:31 PM

A longtime fast food option in Sioux Falls, the Long John Silver's restaurant is closing after more than 30 years in business. 

Full Story
SD Gas Prices Jump While Nation Approaches Four-Year Low

10/21/2014 11:00 AM

Gas prices have fallen to a nearly four-year low nationwide at an average of $3.09 a gallon.  AAA South Dakota says U.S. gas prices could drop to...

Full Story


Events