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

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Wednesday Afternoon Business Brief

October 3, 2012, 1:16 PM

Wednesday Afternoon Business Brief

A better than expected report on private sector hiring and news that the service sector is growing faster are providing investors some encouragement. The key averages were all higher in afternoon trading on Wall Street, though the gains have been held in check by a slump in energy stocks, which fell with a sharp drop in the price of crude oil.

  • Payroll processor ADP says U.S. businesses hired fewer workers last month. The ADP survey finds companies added 162,000 jobs in September, down from 189,000 in August. The report only covers private sector hiring. The Labor Department will offer a more complete picture of September hiring on Friday.
  • Fresh evidence of slower growth in China has sent oil prices plunging. China says its services sector slowed in September, though it's still is growing. That overshadowed news that U.S. service sector growth is accelerating. Benchmark oil was down nearly $3 to just below $89 per barrel in New York.
  • Portugal is announcing steep income tax hikes aimed at reducing its debt load despite mounting discontent over austerity measures. The country's finance minister describes the increases as "enormous" but says the country is "at a moment of financial crisis and social emergency." The government is reducing the number of tax brackets next year and will levy a tax surcharge of 4 percent on wages. It also plans to raise taxes on capital gains, assets, financial transactions, tobacco and luxury goods.
  • Shares of LifeLock have fallen more than 3 percent in its first day of trading. The online provider of identity theft protection services priced its initial public offering at $9, which was below the range analysts had been anticipating. The shares opened at $8.38, but recovered somewhat in morning trading.

For the latest local business news, visit 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