Thursday Evening Business Brief
September 6, 2012, 5:19 PM
- Wall Street's key averages notched the highest levels in years after the European Central Bank laid out a concrete plan to support the region's struggling countries through buying bonds. The Dow rose nearly 245 points, or 1.9 percent, to 13,292, its highest close since December 2007. The S&P rose 29 points, while the Nasdaq surged 67 points.
- Commodities prices rose today after the European Central Bank unveiled its bond buying plan. Gold topped $1,700 per ounce for the first time in six months, while benchmark oil added 17 cents to settle at $95.53.
- Amazon.com has unveiled four new Kindle Fire models, including the models with larger screens. The online retailer is looking to step up competition with Apple ahead of the holiday shopping season.
- A federal judge in Arizona has rejected the government's challenge of a state constitutional amendment that guarantees workers the right to secret ballots in union elections. The judge said it is premature to rule whether the amendment conflicts with federal law because it depends on how the provision is enforced.
- Texas will soon open a stretch of highway with the highest speed limit in the country. State regulators approved the 85 mph speed limit for a 41-mile-long toll road near the Interstate 35 corridor between Austin and San Antonio.
© 2012 Associated Press. All rights reserved. Material may not be redistributed.
3/6/2014 1:10 PM
A Sioux Falls store is going out of business. The John Adam Collection gift and home décor store at 3401 S. Kelley Avenue will close by Ju...
3/3/2014 2:54 PM
CheapAir.com monitored four million trips, and on average the best day to buy is 54 days before takeoff.
3/7/2014 8:38 AM
A company that has been making Black Hills gold jewelry for 136 years has been sold to another Black Hills jeweler.
3/3/2014 11:27 AM
Dakotaland Autoglass, a wholesale supplier of auto glass and PPG automotive aftermarket and commercial coatings, now has 18 locations in six states.
3/3/2014 10:10 PM
Imagine travelling the world and never paying for a hotel. That's the idea behind home swapping websites.