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.


62° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

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
 

View business

You may also like

Takata Air Bag Recall Becomes Biggest Ever In US

5/20/2015 5:19 AM

Takata's decision to add more than 18 million air bags to existing recalls comes following pressure from U.S. safety regulators.

Full Story
South Minnesota Ave. Burger King To Be Torn Down For Strip Mall

5/19/2015 2:06 PM

Demolition of the Burger King building will get underway June 1 and the strip mall will be complete in mid-October.  

Full Story
Buildings Being Torn Down on 41st Street For New Strip Mall

5/19/2015 4:10 PM

A new strip mall is coming to 41st Street across from the Western Mall.  Lloyd Companies is taking out the K & H Car Wash, Mobil gas station ...

Full Story
Moe's Southwest Grill Looks To Open Restaurant In Sioux Falls

5/18/2015 4:18 PM

The Mexican franchise Moe's Southwest Grill has picked a location in Sioux Falls, but has yet to seal the deal.  Moe's Southwest Grill st...

Full Story
Raven Industries Sales And Profits Significantly Down

5/19/2015 9:45 AM

Raven Industries is reporting significant first quarter profit losses.  Raven's net sales were down 31.4 percent to $70.3 million. Raven'...

Full Story


Events