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.


69° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Thursday Morning Business Brief

July 12, 2012, 5:55 AM

Thursday Morning Business Brief

Five losing sessions in a row. That's been the story of the Dow Industrials average. In Wednesday trading, it lost 49 points, or 0.4 percent, to 12,605.

  • A fresh snapshot of the job market is due today. The Labor Department is to release new jobless claims today, among reports due.
  • Banks are increasingly placing homes with unpaid mortgages into a path toward foreclosure. RealtyTrac says the number of U.S. homes entering the foreclosure process for the first time increased for the second month in a row in June, as banks deal with a backlog of delinquent mortgages.
  • Global stock markets are falling. Speculation that Asia's economic engine, China, may announce that its gross domestic product slowed in the second quarter is setting a negative tone. The major Asian markets were all down, with the exception of China's Shanghai Composite. Europe's benchmark indexes are also starting off lower.
  • There's more crisis news out of Europe. Banks have drastically cut the amount of money they hold overnight at the European Central Bank. The ECB cut its interest rate on those deposits to zero last week in a push to get the banks to lend more. Meanwhile, Greece's unemployment rate is surging higher. It hit 22.5 percent In April. And in Portugal, doctors are staging a 48-hour strike to protest austerity measures they say are weakening the country's publicly-funded health service.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

You may also like

Body Of Missing Realtor Found At Arrowhead Park

10/18/2014 3:22 PM

The body of a missing Sioux Falls realtor has been found.

Full Story
SFPD Search For Missing Realtor

10/18/2014 11:45 AM

The Sioux Falls Police Department is asking for the public’s help in finding a missing woman.

Full Story
UPDATE: Two People Dead In SF Crash

10/17/2014 9:52 PM

Two people are dead after a two vehicle crash on Friday night in Sioux Falls.

Full Story
Body Of Pam Kneip Found After Search

10/18/2014 10:00 PM

Hundreds of volunteers gathered by an entrance at Arrowhead Park Saturday as police conducted a search for a missing woman.  The friends, family ...

Full Story | Watch
Police Release Names In Deadly Sioux Falls Crash

10/18/2014 8:19 PM

Police say two Sioux Falls men died in a crash Friday evening in the western part of the city.

Full Story


Events