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.


71° 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

December 19, 2012, 5:38 AM

Wednesday Morning Business Brief

Wall Street has advanced the so-called "Santa Claus" rally. In the latest session, the Dow rose 116 points to 13,351. The S&P was up 16 points, while the Nasdaq surged 44.

  • World stock markets are up after U.S. political leaders appeared to be closing in on a budget deal to avert the "fiscal cliff" by the year-end deadline. Markets and oil prices were further boosted by a positive monthly survey of business optimism for Germany.
  • Switzerland's UBS AG has agreed to pay some $1.5 billion in fines to international regulators following a probe into the rigging of a key global interest rate. In admitting to fraud, Switzerland's largest bank became the second bank, after Britain's Barclays PLC, to settle over the rate-rigging scandal. The fine, which will be paid to authorities in the U.S., Britain and Switzerland. Other banks are expected to be fined for their involvement in the London interbank offered rate scandal.
  • A key measure of German business optimism has risen slightly more than expected in December, suggesting Europe's largest economy will avoid a recession despite a recent slowdown in growth. The Ifo institute says that its main index rose to 102.4 from 101.4 the month before. The consensus expectation among market analysts was 102.0.
  • Figures are due this morning from the Commerce Department on November housing starts.  A gauge of builder sentiment, released yesterday, was at the highest level since April 2006.

You can find more business news on the Back to Business page of KELOLAND.com.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Allegiant Air Pilot Pleads With Tower To Make Emergency Landing

7/29/2015 1:58 PM

An Allegiant Airlines pilot declared a fuel emergency and had to land at a North Dakota airport even though the airport was closed for the Blue Angels...

Full Story
Lick The Spoon Closes East Side Location

7/29/2015 9:53 AM

Just a year after opening on East 10th Street and Bahnson Avenue in Sioux Falls, Lick The Spoon restaurant has closed its doors.  Angela Becker o...

Full Story
Filly Flair Set To Open Sioux Falls Store On Saturday

7/30/2015 5:18 PM

A successful online retailer is opening her first brick and mortar shop in Sioux Falls.

Full Story
Bass Pro Shops Turned Brandon Down

8/3/2015 4:00 PM

A Sioux Falls architect who is on Brandon's Planning and Zoning Committee brought a proposal to Bass Pro Shops to locate a store at the Brandon ex...

Full Story
Historic Sid's Liquor Building Has New Owner

8/4/2015 10:10 AM

The former Sid's liquor buildings, which closed in 2014 after six decades of business, has a new owner.  

Full Story


Events