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.


22° 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


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

The City's Largest Construction Project Will Impact Thousands

3/2/2015 5:04 PM

It's being billed as the city's largest construction project this year at a cost of just under $9 million and it's going to impact thousan...

Full Story | Watch
Whiffer's Sandwiches Back Open For Business

3/2/2015 4:00 PM

Whiffer's Sandwiches is serving up lunch on Minnesota Avenue again.

Full Story
Costco Citigroup Partnership To Have Impact On Citibank In Sioux Falls

3/3/2015 2:45 PM

Costco is switching credit card company partnerships and that is going to have an impact on Citibank in Sioux Falls.  

Full Story
Great Western Bank To Close Two Sioux Falls Branches

3/4/2015 12:57 PM

Great Western Bank is closing its branches in the Walmart store on South Louise Avenue in Sioux Falls and at the Western Mall at the end of the month.

Full Story
Target Plans $2B In Cost-Cutting Moves

3/3/2015 3:20 PM

Target Corp. plans $2 billion in cost cuts over the next two years through corporate restructuring and other improvements.

Full Story


Events