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.


44° 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
Find Local Businesses on KELO Pages!

You may also like

Moving A 200-Ton Home Across Fargo

3/3/2015 1:56 PM

Scott Adelman paid $70,000 for a 4,500-square-foot brick home in Fargo, but he has to move it out to nearby Horace.

Full Story
Dacotah Bank Robbed In Sioux Falls

3/5/2015 11:22 AM

Sioux Falls Police responded to a bank robbery at Dacotah Bank at 3302 E. 10th St. Thursday morning.

Full Story
16-Year-Old Alcester Teen Passes Away

3/6/2015 7:46 AM

Officials at Alcester-Hudson High School have confirmed that 16-year-old Ariyanna Miller passed away Tuesday.

Full Story
3 Arrested In Sioux Falls After Fight Over Drugs

3/4/2015 12:06 PM

Three people were arrested in Sioux Falls after a fight over a drug debt.

Full Story
Storm Center Update - Sunday AM

3/1/2015 5:47 AM

Temperatures this morning are mostly in the single digits and teens with clouds moving out of the area. Some areas of southern KELOLAND could see some...

Full Story


Events