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.


45° 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!

 

Monday Morning Business Brief

December 31, 2012, 6:54 AM

Monday Morning Business Brief

The House and Senate will spend at least part of New Year's Eve in session waiting from some sort of deal they can vote on to avoid the so-called fiscal cliff of big tax hikes and steep spending cuts. There are still unresolved issues as negotiations continue.

  • Stocks fell for a fifth day Friday on concern that Washington lawmakers will fail to reach a budget deal before a year-end deadline. The five-day losing streak for the Dow Jones industrial average was the longest since July. The Dow lost 158 points to close at 12,938 Friday. The Standard & Poor 500 index fell 15 points and the Nasdaq dropped 25 points. Futures trading suggests gains at this morning's opening.
  • With just hours left before the U.S. hits the "fiscal cliff," international investors sold off stocks to lock in profits just in case budget negotiations in Washington fail. Some Asian markets are closed for the New year's holiday. Benchmark crude oil for February delivery rose to near $91 per barrel. The dollar gained against the euro and was unchanged against the yen.
  • It's a deal that could head off a possible doubling of milk prices next month. Sunday the top leaders in both parties on the House and Senate Agriculture committees agreed to a one-year extension of the 2008 farm bill that expired in October. House leaders have not yet set a vote while considering shorter term bills.
  • Ford says it expects to sell 2.2 million vehicles this year, with the Ford Focus being its most popular model. The Dearborn, Mich., company says it is the second year in a row it will sell more than 2 million cars. It sold more than 737,000 Ford Focuses through September and over 560,000 Fiestas.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

South SF Walmart Faces Another Lawsuit

4/28/2015 11:44 AM

The south side Walmart faces another legal challenge.

Full Story
Valentino's Restaurant To Close In May

4/29/2015 11:05 AM

Valentino's Restaurant is getting ready to dish out its final pizza. The owners of the Italian buffet are ready to retire. 

Full Story
Sioux Falls Southside Walmart Sets Target Opening Date

4/28/2015 11:39 AM

Walmart says it is finalizing details on its planned store for 85th Street and Minnesota Avenue in southern Sioux Falls and plans to break ground in t...

Full Story
Tight Job Market Has Bank Offering Hiring Bonuses

4/29/2015 3:15 PM

A tight job market has one KELOLAND employer offering cold, hard cash to new hires and to the current employees who refer them. 

Full Story
Sioux Falls Woman Victim Of Loan Scam

4/30/2015 10:10 PM

But as one Sioux Falls woman found out, trying to get a loan online can only add to your financial troubles.

Full Story | Watch


Events