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.


33° 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 Morning Business Brief

October 24, 2012, 5:38 AM

Wednesday Morning Business Brief

The stock market is coming off of yesterday's steep drop. The Dow fell 243 points to 13,103. The key averages were down between 0.9 and 1.8 percent. Futures trading suggest gains this morning.

  • International stock markets were hurt by a tide of disappointing U.S. corporate earnings, but losses were cushioned by a report suggesting China's manufacturing slump may be bottoming out. Benchmark crude oil fell but remained above 86 per barrel. The dollar gained against the euro but fell against the yen.
  • The Federal Reserve today wraps up a two-day policy-setting session. But it is not expected to have much new to say about monetary policy, having announced a big mortgage bond buying program at the previous meeting.
  • There's more evidence today that stalling economic growth is making it harder for eurozone countries to handle their debts. The European Union's statistics office reports the debt burden of the 17 countries that use the euro rose to 90 percent of the value of its economy at the end of the second quarter, despite efforts to scale back spending.
  • President Barack Obama says Wall Street needs to change executive pay incentives that reward risky bets that can yield fortunes but can also devastate financial institutions. In an interview with Rolling Stone, he said there still are not enough adequate means of holding risk takers in the banking industry accountable if their investment plans fail.

Find the latest local business news on the Back to Business page of KELOLAND.com.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

New Indoor Racing & Recreation Business

11/19/2014 10:05 PM

For about four months out of the year, people in the Sioux Falls area can go go-kart racing and play mini golf.

Full Story | Watch
New Sioux Falls Shop Opens Thursday

11/19/2014 11:10 AM

Holiday shoppers will soon have a new spot to buy locally made gifts.

Full Story
Stroller Recall Due To Amputation Hazard

11/20/2014 9:45 AM

More than four million strollers sold in the United States are part of a recall.

Full Story
Gas Stations In Region Struggling To Keep Up Supply

11/18/2014 5:52 PM

Over the past few days, drivers in Sioux Falls have been noticing certain grades of fuel are out of stock at gas stations across town.

Full Story | Watch
Sioux Falls Misses Out Hosting NCAA Tournament Games

11/17/2014 10:50 AM

Sioux Falls won't host any preliminary round games for the 2016-2018 NCAA Men's Division I Basketball Championships.

Full Story


Events