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.


74° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Tuesday Evening Business Brief

November 8, 2011, 5:36 PM

Tuesday Evening Business Brief
Stocks have closed higher on Wall Street. The Dow Jones industrial average climbed 102 points, the S&P 500 was up 15 and the Nasdaq composite rose 32. Stocks shot up after Italy's premier promised to resign once a new budget is approved.
  • Italian Premier Silvio Berlusconi says he will resign after parliament passes economic reforms to settle financial markets that have lost confidence in Italy's ability to rein in debt. He says who leads the government is less important than doing "what is right for the country."
  • U.S. government bond prices dipped after Italy's leader agreed to resign. Concerns that Europe's debt crisis would spread have pushed up Italy's borrowing rates. Those concerns have also lowered U.S. rates as traders buy investments seen as relatively safe such as Treasurys. The yield on the 10-year Treasury note rose to 2.04 percent late today, up from 2.01 percent yesterday. Bond yields rise when prices fall. 
  • Oil prices are climbing toward $100 a barrel.  Benchmark crude rose $1.28 today on the New York Mercantile Exchange, closing at $96.80. The price of crude has jumped 22 percent since the beginning of October.
  • Microsoft, Yahoo and AOL are teaming up to sell some of the online advertising space they've had trouble selling on their own. The alliance announced today represents a joint attack on Internet search leader Google. The partnership covers a category of advertising that doesn't typically appear in the prime slots on websites.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

You may also like

Sutton Bay CEO Dies In UTV Rollover Crash

8/25/2014 2:34 PM

The CEO of Sutton Bay Resort in central South Dakota died after rolling his 2014 Polaris Ranger late Sunday night.

Full Story
Authorities Search For Missing Inmate

8/24/2014 10:43 AM

31-year-old Bridget Franzen failed to report to a work release job on Saturday, August 23.

Full Story
SF Mother, Daughter Admit To Large Drug Conspiracy

8/27/2014 10:54 AM

Faith Rasmussen, 21, and her 55-year-old mother Theresa Rasmussen admit they were bringing marijuana from California to South Dakota and distributing ...

Full Story
Car vs. School Bus Crash Near Inwood, Iowa

8/26/2014 11:31 AM

Authorities in northwest Iowa are investigating a serious crash involving a car and a school bus.

Full Story
SF Drug Ring Involved 220 lbs. Of Marijuana

8/27/2014 5:48 PM

Her boyfriend was killed during a botched robbery in December in northwest Sioux Falls. Faith Rasmussen and her mother, Theresa, have now pleaded guil...

Full Story | Watch


Events