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.


76° 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

 


View business

You may also like

Capital One Closing In Sioux Falls

7/23/2015 12:12 PM

Employees were told Thursday that the credit card company will close its Sioux Falls office by the end of the year.

Full Story
Record Sturgis Rally To Bring Big Traffic Challenge

7/21/2015 6:17 PM

If projections are close, the 75th Sturgis Motorcycle Rally during the first week of August could attract a record million people to the Black Hills. ...

Full Story | Watch
New Pizza Chain Coming To Sioux Falls

7/22/2015 4:15 PM

Wisconsin-based chain, Toppers Pizza is going into a strip mall on South Minnesota Avenue in Sioux Falls. 

Full Story
Gas Prices Jump in SD, Fall Everywhere Else

7/21/2015 11:10 AM

The state average for gasoline in South Dakota is at its high for the year at $2.79 a gallon.  That's the highest average price since last No...

Full Story
Picker's Flea Market Closing, Celebrate Church Expanding

7/24/2015 2:15 PM

Thorson ran several shops in Yankton before opening a store in Sioux Falls. The store will close August 16.

Full Story


Events