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.


65° 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

January 8, 2013, 1:16 PM

Tuesday Afternoon Business Brief

With corporate earnings season kicking off, market-watchers say fourth-quarter results could include many surprises because of events like Superstorm Sandy, the presidential election, and the narrowly avoided tax increases and spending cuts known of the "fiscal cliff." But the wait has stocks sagging today. The Dow was down about 70 points in afternoon trading, while the S&P and the Nasdaq are down less than half a percent.

  • Unemployment rates fell below 7 percent in a majority of U.S. cities in November. The Labor Department says rates fell in 215 of the 372 largest metro areas, while staying the same in 33 others. The numbers suggest steady job gains are benefiting most parts of the country.
  • The growing popularity of online shopping continues to put pressure on traditional retailers. Target today announced it will match prices customers find on identical products at select online rivals year-round. The online list includes Amazon.com as well as the websites of Wal-Mart, Best Buy, Toys R Us and Babies R Us. The moves follow a disappointing holiday shopping season for Target. 
  • Persistent economic fears are likely to keep a lot of business travelers grounded this year. The Global Business Travel Association says it expects business travel to decrease about one percent this year. At the same time, the groups forecasts the amount travelers spend on airfare, hotel rooms, meals and car rentals will increase close to 5 percent.
  • The man who spearheaded the creation of McDonald's "Hamburger University" has died. Fred Turner served as McDonald's CEO from 1974 to 1987, when the fast-food chain tripled its number of locations and expanded its global footprint. McDonald's says Turner died today after suffering complications from pneumonia. He was 80 years old.

You can find more business news on the Back to Business page of KELOLAND.com.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Allegiant Air Pilot Pleads With Tower To Make Emergency Landing

7/29/2015 1:58 PM

An Allegiant Airlines pilot declared a fuel emergency and had to land at a North Dakota airport even though the airport was closed for the Blue Angels...

Full Story
Lick The Spoon Closes East Side Location

7/29/2015 9:53 AM

Just a year after opening on East 10th Street and Bahnson Avenue in Sioux Falls, Lick The Spoon restaurant has closed its doors.  Angela Becker o...

Full Story
Filly Flair Set To Open Sioux Falls Store On Saturday

7/30/2015 5:18 PM

A successful online retailer is opening her first brick and mortar shop in Sioux Falls.

Full Story
Bass Pro Shops Turned Brandon Down

8/3/2015 4:00 PM

A Sioux Falls architect who is on Brandon's Planning and Zoning Committee brought a proposal to Bass Pro Shops to locate a store at the Brandon ex...

Full Story
Historic Sid's Liquor Building Has New Owner

8/4/2015 10:10 AM

The former Sid's liquor buildings, which closed in 2014 after six decades of business, has a new owner.  

Full Story


Events