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.


73° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Morning Business Brief

June 17, 2010, 7:44 AM

Morning Business Brief
  • Stocks have managed to hold their own, recovering from earlier losses yesterday after BP's agreement to put $20 billion into a fund for victims of the Gulf oil spill lifted the market off its lows. The major indexes finished narrowly mixed, with the Dow gaining about 5 points, while the Nasdaq was virtually unchanged and the S&P fell less than a point.
  • World stocks were mixed Thursday. Japan's Nikkei dropped 0.7 percent. Australia's S&P/ASX 200 also lost 0.7 percent. The Shanghai Composite index fell 0.4 percent. Benchmarks in Singapore and New Zealand were also in negative territory. Meanwhile, Hong Kong's Hang Seng rose 0.4 percent. Stocks in Taiwan, Thailand, Malaysia and South Korea rose as well.
  • Oil prices fell to near $77 a barrel Thursday in Asia as investor confidence wanes that a three-week rally will continue amid signs of weak U.S. crude demand. Benchmark crude for July delivery was down 67 cents to $77 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 73 cents to settle at $77.67 on Wednesday.
  • The chief executive officer of BP is on the hot seat later today. CEO Tony Hayward is expected to testify at a House hearing. In prepared testimony Hayward says he's been "personally devastated" by the explosion of the Deepwater Horizon oil rig and the oil spill in the Gulf of Mexico. Hayward says he and the company are unwavering in their commitment to fulfill their responsibilities.
  • A new batch of economic data should give investors some guidance today. The Labor Department will report on weekly jobless claims and the Consumer Price Index for May, while The Conference Board will release its leading indicators for May.

Previous Story

Next Story




Sponsored

 


You may also like

Heavy Rains Flood Sioux Falls

8/28/2015 5:47 AM

While intersections are open on Friday morning, many are still cleaning up after Thursday's torrential downpour in Sioux Falls.

Full Story | Watch
Many Sioux Falls Streets Flooded Following Heavy Rain

8/27/2015 9:09 PM

Heavy rainfall Thursday evening caused flash flooding across Sioux Falls.

Full Story
City Officials React To 'Monster' Storm

8/28/2015 11:01 AM

Public Works Director Mark Cotter said the city's infrastructure performed well on Thursday against the rain.

Full Story | Watch
Police Identify Man Killed In 41st Street Crash

8/24/2015 10:53 AM

The driver of the motorcycle, 56-year-old Dale Wayne Schoffelman, died at the scene.

Full Story
Charges In Deadly Motorcycle Crash

8/23/2015 10:19 PM

Police say Trevor W. Blankartz of Sioux Falls was driving a 1991 Buick Regal that attempted to pull out onto 41st from Westbrooke Lane when he collide...

Full Story


Events