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.


View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.
 Winter Storm for January 31-February 1, 2015

Snow Outlook

Severe Weather

State Radar


Click here for local closings & delays

Send photos to ushare@keloland.com

Storm Center Update

 

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
Find Local Businesses on KELO Pages!

View business

You may also like

Website Ranks The 25 Best Jobs For 2015

1/28/2015 5:12 AM

Physician assistants topped the list, which has an average base salary of $111,376.

Full Story
Refinery Issues Lead To Higher SD Gas Prices

1/27/2015 11:10 AM

For the first time in months, South Dakota's average gas price rose last week.  According to a AAA report, the increase is due to a series of...

Full Story
Automakers Recall More Than 2M Vehicles For Faulty Air Bags

1/31/2015 11:43 AM

More than 2 million Toyota, Chrysler and Honda vehicles are being recalled for a second fix for faulty air bags that may inadvertently inflate while t...

Full Story
Proposed Egg Farm Drawing Complaints In Turner County

1/27/2015 7:30 AM

A Sioux Falls-based company hopes to more than double the number of egg-laying hens in South Dakota by opening a large chicken operation near Parker.

Full Story
Five Ways Unmanned Drones Could Affect The American Food Supply

1/25/2015 5:38 PM

Herding cattle. Counting fish. Taking an animal's temperature. Applying pesticides.

Full Story


Events