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.


29° 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

December 19, 2012, 5:32 PM

Wednesday Evening Business Brief

Stocks dropped today with no resolution immediately in sight to the "fiscal cliff". The Dow fell 99 points, or 0.7 percent, to 13,252. The S&P dropped 11, while the Nasdaq shed 10 points.

  • President Barack Obama says he and House Speaker John Boehner are "pretty close" to a grand deal to avoid a first-of-the-year shock to the economy.  His comments came shortly after the White House threatened to veto Boehner's backup plan for averting the "fiscal cliff." Boehner's measure, a so-called Plan B, would block tax increases from being triggered Jan. 1 on everyone but those whose incomes exceed $1 million.
  • During the final weekend before Christmas, shoppers should expect to see more "70 percent off" and "buy one, get one free" signs as stores try to salvage a season that so far has been disappointing. For example, Teen retailer Aeropostale has slashed prices on everything in its stores by 60 percent.
  • The price of oil rose after the government reported shrinking crude supplies. Benchmark crude jumped $1.58, or about 1.8 percent, to finish at $89.51 per barrel in New York.  That's the biggest one-day price rise in a month.
  • Google is launching its "scan and match" service for Google Music users to store copies of their songs online, offering for free what Apple charges $25 a year for. The service, which is part of Google Play, is now live. It saves uploading time for those who want to save their music libraries online.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Empire Mall Burger King Closes

3/22/2015 2:30 PM

The Burger King inside The Empire Mall in Sioux Falls is closing Sunday, March 22.

Full Story
Speed Limit Sign Changes

3/25/2015 6:06 PM

The speed limit is only going up on stretches of road where the limit was 75 miles per hour, now going up to 80 mph.

Full Story | Watch
Woman Pushing For $20 Bill Makover

3/25/2015 9:54 AM

Barbara Ortiz Howard already has a day job maintaining apartment buildings near New York City. Now she has a second job and it's all about money. ...

Full Story
New Car Wash To Open Near 26th St. & Sycamore Ave.

3/24/2015 3:48 PM

Sioux Falls will soon be home to a second Silverstar Car Wash.

Full Story
GM Ignition Switch Death Toll Rises To 74

3/23/2015 11:20 AM

Families of at least 74 people killed in crashes caused by defective General Motors ignition switches will get compensation from the company.

Full Story


Events