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.


23° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Thursday Evening Business Brief

September 13, 2012, 5:35 PM

Thursday Evening Business Brief

There was a strong rally for stocks after the Federal Reserve announced steps aimed at boosting growth and lowering unemployment. On a gain of more than 200 points, the Dow rose to 13,540. That's the highest level since December 2007.

  • The Fed says it will spend $40 billion a month to buy mortgage bonds for as long as necessary to make home buying more affordable. It is also extending a plan to keep short-term interest rates at record lows through mid-2015 - six months longer than previously planned. Chairman Ben Bernanke told reporters there's no specific economic target, but the central bank wants to see a better job market.
  • Gold and silver closed higher, along with other commodities, after the Federal Reserve said it would take aggressive steps to spur growth in the economy. The price of gold jumped more than 2 percent, and silver more than 4 percent.
  • The Treasury Department says the federal budget deficit increased $191 billion in August and tops $1 trillion for the fourth straight year. The deficit for the first 11 months of the 2012 budget year totaled $1.16 trillion. That's down 6 percent from a year earlier.
  • Chicago lawyer Donna Guerin has pleaded guilty to helping wealthy clients dodge tens of millions of dollars in taxes in what prosecutors have called the largest tax fraud prosecution in history.The charges carry a total of up to 10 years in prison. She also agreed to forfeit $1.6 million.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Website Ranks The 25 Best Jobs For 2015

1/28/2015 5:12 AM

Physician assistants topped the list, which has an average base salary of $111,376.

Full Story
Rock Stars To Celebrate Pawn Shop Ground Breaking

1/23/2015 11:15 AM

Bret Michaels and Lita Ford will perform at the District on Wednesday, Jan. 28 to celebrate the ground breaking of Badlands Pawn.

Full Story
Long John Silver's Building To Become Taco Shop

1/23/2015 4:00 PM

The former Long John Silver's on Minnesota Avenue is going to become a Mexican fast food restaurant.  

Full Story
Refinery Issues Lead To Higher SD Gas Prices

1/27/2015 11:10 AM

For the first time in months, South Dakota's average gas price rose last week.  According to a AAA report, the increase is due to a series of...

Full Story
Proposed Egg Farm Drawing Complaints In Turner County

1/27/2015 7:30 AM

A Sioux Falls-based company hopes to more than double the number of egg-laying hens in South Dakota by opening a large chicken operation near Parker.

Full Story


Events