User uShare 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.

29° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



 Winter Storm for November 30, 2015

Snow Outlook

Severe Weather

State Radar

Click here for local closings & delays

Send photos to

Storm Center Update



[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Wednesday Afternoon Business Brief

December 19, 2012, 1:28 PM

Wednesday Afternoon Business Brief

Stocks have lost ground today. The market has rallied during the month of December and investors are likely ready to wind down for the year soon.

  • Swiss banking UBS has agreed to pay $1.5 billion in fines for trying to manipulate a key interest rate that affects borrowers around the world.  Switzerland's largest bank said some of its employees tried to rig the LIBOR rate - short for London Interbank Offered Rate - in several currencies. The rate is set daily using information that banks provide and is used to price trillions of dollars in contracts around the world, including mortgages and credit cards.
  • There was a bit of a pause nationally in housing starts last month and analysts think Superstorm Sandy was a key reason why. The Commerce Department reports a 3 percent decline. October had seen the highest level of activity since the summer of 2008.
  • After a brisk start to the holiday shopping season, ShopperTrak says things have slowed a bit more recently. It has pared its forecast for holiday sales to a gain of 2.5 percent. That's down from the 3.3 percent gain forecast back in September.
  • Internet advertising hit a new high in the third quarter as marketers continued to shift money from print and broadcasting. A trade group says spending was up 18 percent during the period, compared to a year earlier. Internet advertising is more than double the amount seen for the nation's newspapers print ads.

You can find the latest business news on the Back to Business page of

Previous Story

Next Story



View business

You may also like

Fired GEAR UP Worker Defends Stacy Phelps

11/24/2015 6:05 PM

When the state pulled its multi-million dollar GEAR UP contract from Mid Central Educational Co-Op in September, all the current GEAR UP workers were ...

Full Story | Watch
Great Western Bank Buys Home Federal For $140M

11/30/2015 3:37 PM

The combined companies are projected to have $11.3 billion in assets, $8.5 billion in loans and $8.6 billion in deposits.

Full Story
Bison Ranch Owner By Turner Gets Permit For Feedlot Addition

11/25/2015 1:35 PM

Stanley County commissioners have approved a feedlot at a bison ranch owned by media mogul Ted Turner.

Full Story
Cyber Monday Sales Bring Down Target Website

11/30/2015 10:03 AM

Target’s website went down during Cyber Monday shopping Monday morning.

Full Story
City Of Sioux Falls Buying Homes In Area that Floods

11/24/2015 6:05 PM

Homeowners have the option to voluntarily sell their house if they are concerned about flooding or if they have had problems with flooding. By tearing...

Full Story | Watch