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 Morning Business Brief

January 8, 2013, 5:38 AM

Tuesday Morning Business Brief

Stocks are coming off a lackluster day, following last week's surge. The S&P 500 index reached a five-year high on Friday but dropped five points Monday. The Dow lost 51 points to close at 13,384, while the Nasdaq composite fell three. Wall street appears headed for losses at this morning's opening.

  • International stock markets headed lower today as investors turned cautious before U.S. earnings season kicks off this week. Aluminum producer Alcoa will unofficially launch the reporting season for the fourth quarter of 2012 today. Benchmark crude oil fell to just above $93 per barrel. The dollar gained against the euro but fell against the yen.
  • There are no major economic indicators expected today, but investors can shift focus to corporate profits. Aluminum producer Alcoa launches the reporting season for the fourth quarter of 2012 after the market closes.
  • Samsung Electronics, the world's largest technology company by revenue, expects record earnings for the fourth quarter of 2012 as shoppers continued to snap up its smartphones and tablets. The company says its operating profit for the October-December quarter would be about $8.3 billion, up 89 percent from a year earlier and higher than expectations. Full results come at the end of January.
  • Unemployment in the 17 European Union countries that use the euro is still headed in the wrong direction. It reached a record 11.8 percent in November as the number of jobless in the 27-country EU topped 26 million for the first time since the financial crisis began three years ago. Unemployment in Greece is up to 26 percent. The figures illustrate the task facing EU leaders to repair the region's economies.

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

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