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.


72° 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




 
Find Local Businesses on KELO Pages!

You may also like

Charges Filed After Baby Hurt At Day Care

8/19/2014 11:13 AM

A Sioux Falls day care provider faces charges after a child in her care was hospitalized.

Full Story
SUV Driver Ticketed Following Deadly Crash

8/18/2014 11:35 AM

Sioux Falls Police have ticketed a 26-year-old driver for her involvement in a deadly bicycle crash last month.

Full Story
Illinois Man Found Dead In The Black Hills

8/17/2014 11:30 AM

Authorities say a 23-year-old Illinois man who was reported missing in early August was found dead in the Black Hills National Forest.

Full Story
Father In NW Iowa Murder Case Died Of Natural Causes

8/20/2014 9:44 AM

Autopsy results are back on a northwest Iowa man who was found dead along with his wife in July.

Full Story
Sioux Falls Police Searching For Assault Suspect

8/20/2014 11:49 AM

Authorities are looking for a 19-year-old man who assaulted and kidnapped his 17-year-old girlfriend.

Full Story


Events