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.


31° 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
Find Local Businesses on KELO Pages!

View business

You may also like

National Attention For Sioux Falls Bakery

12/15/2014 9:56 AM

A Sioux Falls bakery is getting more national recognition.  CH Patisserie has been named one of the top 75 bakeries in the nation by The Daily Me...

Full Story
Cliff Hangers Gallery Closes; Customers Want Items Back

12/15/2014 10:10 PM

For more than two decades, Cliff Hangers Gallery has been a fixture in Sioux Falls.  A couple of years ago, the business moved from Park Ridge Ga...

Full Story | Watch
What Will Cost More/Less In 2015

12/16/2014 1:36 PM

Industry experts say gasoline prices will continue to fall in 2015, but other prices are expected to rise.

Full Story
Denny Sanford To Donate $25 Million For Scholarship Program

12/16/2014 4:30 PM

Philanthropist T. Denny Sanford is donating $25 million to South Dakota for a scholarship program for the state's technical schools.&nbs...

Full Story
Denny Sanford's Multi-Million Solution To Worker Shortage

12/16/2014 10:04 PM

Sanford's money provides half of the funds for a $50 million scholarship program at the state's technical schools to train workers to fill job...

Full Story | Watch


Events