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.


61° 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!

 

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




 
Find Local Businesses on KELO Pages!

View business

You may also like

Millions Of Android Phones At Risk For Heartbleed

4/15/2014 4:10 PM

If you've got an Android phone, your device could be susceptible to the Heartbleed security problem.

Full Story
Shrimp Prices Soar

4/16/2014 11:00 AM

The next time you order shrimp scampi of the menu, you may be in for sticker shock. 

Full Story
Headliners For JazzFest Announced

4/17/2014 10:54 AM

Plans are in place for JazzFest 2014 in Sioux Falls.

Full Story
Key Unlocks Gas Pumps For ID Thieves

4/14/2014 10:10 PM

Drivers who've fueled up in Rapid City are being warned that their debit and credit card numbers may have been stolen after "numerous" s...

Full Story | Watch
Rental Scam Targets Sioux Falls

4/11/2014 10:10 PM

If you're in the market to rent a house in Sioux Falls, you could be target of a scam.  Sioux Falls realtors say their home listings are bein...

Full Story | Watch


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED