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.


59° 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

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 KELOLAND.com.

Previous Story

Next Story




Sponsored
 

View business

You may also like

Takata Air Bag Recall Becomes Biggest Ever In US

5/20/2015 5:19 AM

Takata's decision to add more than 18 million air bags to existing recalls comes following pressure from U.S. safety regulators.

Full Story
South Minnesota Ave. Burger King To Be Torn Down For Strip Mall

5/19/2015 2:06 PM

Demolition of the Burger King building will get underway June 1 and the strip mall will be complete in mid-October.  

Full Story
Buildings Being Torn Down on 41st Street For New Strip Mall

5/19/2015 4:10 PM

A new strip mall is coming to 41st Street across from the Western Mall.  Lloyd Companies is taking out the K & H Car Wash, Mobil gas station ...

Full Story
Moe's Southwest Grill Looks To Open Restaurant In Sioux Falls

5/18/2015 4:18 PM

The Mexican franchise Moe's Southwest Grill has picked a location in Sioux Falls, but has yet to seal the deal.  Moe's Southwest Grill st...

Full Story
Raven Industries Sales And Profits Significantly Down

5/19/2015 9:45 AM

Raven Industries is reporting significant first quarter profit losses.  Raven's net sales were down 31.4 percent to $70.3 million. Raven'...

Full Story


Events