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

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

Charges Filed After Baby Hurt At Day Care

8/19/2014 11:13 AM

A Sioux Falls day care provider faces charges after a child in her care was hospitalized.

Full Story
SUV Driver Ticketed Following Deadly Crash

8/18/2014 11:35 AM

Sioux Falls Police have ticketed a 26-year-old driver for her involvement in a deadly bicycle crash last month.

Full Story
Illinois Man Found Dead In The Black Hills

8/17/2014 11:30 AM

Authorities say a 23-year-old Illinois man who was reported missing in early August was found dead in the Black Hills National Forest.

Full Story
Father In NW Iowa Murder Case Died Of Natural Causes

8/20/2014 9:44 AM

Autopsy results are back on a northwest Iowa man who was found dead along with his wife in July.

Full Story
Sioux Falls Police Searching For Assault Suspect

8/20/2014 11:49 AM

Authorities are looking for a 19-year-old man who assaulted and kidnapped his 17-year-old girlfriend.

Full Story


Events