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.


79° 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!

 

Tuesday Afternoon Business Brief

July 17, 2012, 1:15 PM

Tuesday Afternoon Business Brief

Stronger earnings coming from Goldman Sachs, Mattel and Coca-Cola have helped investors to send stock prices higher today. Stocks have been taking a beating this week between worries about global growth and signs of weakness for the U.S. economy.

  • Federal Reserve Chairman Ben Bernanke says Europe's financial crisis and the looming "fiscal cliff" in the U.S. are the biggest risks facing the nation's economy.  Bernanke told members of the Senate Banking Committee that central bankers are continuing to look at whether economic momentum is slowing sufficiently to warrant new steps to boost growth. He also urged lawmakers again to work to head off the combination of tax hikes and spending cuts, which he said could result in a recession.
  • The chief compliance officer of big international bank HSBC says he is stepping down from that position after an investigation found that lax controls at the bank allowed Mexican drug cartels to launder billions of dollars through its U.S. operation and other illicit transactions. David Bagley, the head of compliance for the London-based bank told a Senate panel that he will leave that post but remain as an employee of HSBC.
  • The European Commission says it is investigating whether Microsoft has kept the antitrust commitments it made in 2009, and warns that penalties for non-compliance would be "severe." Microsoft concedes it has "fallen short" of its obligation to provide the "browser choice screen." That would allow Windows users to pick a browser other than Microsoft's Internet Explorer.
  • Fun financial times for Mattel. Strong demand for doll brands including Barbie, American Girl and Monster High, coupled with lower sales costs and advertising expenses, helped the biggest U.S. toy maker's profit rise in the latest quarter, topping estimates.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Woman Stands Up to Cyber Bullies After Man Calls Her 'Too Muscular'

8/26/2015 5:05 PM

A woman who builds up her body has a message for cyber bullies who tear others down.

Full Story | Watch
Sioux Falls Businesses Flooded

8/28/2015 6:00 PM

Homeowners aren't the only ones cleaning up flood water.  Many businesses were also flooded out in Thursday night's storm.  In fact,...

Full Story | Watch
Former School For The Deaf Campus Has New Buyer

8/27/2015 4:50 PM

A historic piece of property on East 10th Street in Sioux Falls has a new owner.

Full Story
Casino Going In To 85th And Louise Strip Mall

8/27/2015 11:41 AM

A casino is the first signed tenant for Raintree On Louise at 85th Street and Louise Avenue.

Full Story
New Buyer For Historic Sioux Falls Campus

8/28/2015 10:10 PM

They are stately buildings in the heart of Sioux Falls that have sat empty for two years - but now, the former School for the Deaf property on East 10...

Full Story | Watch


Events