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.


72° 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 Evening Business Brief

November 14, 2012, 5:35 PM

Wednesday Evening Business Brief

Stocks suffered a setback on Wall Street fearing a prolonged budget standoff between the president and the Congress. The Dow fell 185 points, or 1.5 percent, to 12,571. The S&P was down 19 points, while the Nasdaq shed 37 points.

  • President Barack Obama is urging Congress to extend expiring tax cuts immediately for all but the highest income earners as a way to eliminate half of the so-called fiscal cliff.  At his first news conference since being re-elected, Obama noted he had campaigned on a platform that called for allowing tax breaks to expire as scheduled on Dec. 31 for the wealthiest income earners.
  • The Federal Reserve is signaling that it could announce a new bond buying program in December to try to spur job growth.  The program known as "Operation Twist" expires at the end of the year. New purchases would be intended to lower long-term borrowing rates to encourage spending and strengthen the economy.
  • Starbucks is boosting its tea business with a $620 million purchase of Atlanta-based tea seller Teavana. The coffee giant plans to expand Teavana Holdings' network of 300 mall-based stores and add stores outside of malls too.
  • The price of oil surged on new concerns about the Middle East after Israel launched airstrikes in Gaza. Benchmark oil rose 94 cents to finish at $86.32 per barrel in New York.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Westward Ho Country Club Changes Name

8/28/2014 12:56 PM

The Westward Ho Country club in Sioux Falls is changing its name to The Country Club of Sioux Falls.  Members were notified of the change on Thur...

Full Story
Former Sioux Falls Executive Investigated For Animal Abuse

8/28/2014 4:15 PM

A former Hot Stuff/Orion Foods President is being investigated for dog abuse in Canada.

Full Story
PREMIER Bankcard Lawsuit Comes Down To Link

8/22/2014 10:00 PM

$5 million: that's the price tag on a lawsuit filed by a South Dakota credit card company, First PREMIER/PREMIER Bankcard against a credit card co...

Full Story | Watch
Single-Screen Theater Closed After Four Decades

8/23/2014 12:33 PM

A single-screen movie theater in Vermillion has closed after serving the area for more than four decades.

Full Story
Car vs Bus Crash Injures Two Teens

8/26/2014 6:00 PM

Two Iowa teenagers are hospitalized after colliding with a school bus early Tuesday morning.  It happened just east of Inwood on 240th Street at ...

Full Story | Watch


Events