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.


27° 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

Parker Teen Dies In One Vehicle Crash

4/12/2014 10:18 AM

16-year-old Tonya Anderson from Parker, SD died in a one vehicle crash west of Sioux Falls on Highway 42 on Friday.

Full Story
SF Woman Dies In Crash Near Brookings

4/12/2014 10:34 AM

A Sioux Falls woman died in a two vehicle crash on I-29 south of Brookings.

Full Story
Missing Girls Case Update On Tuesday

4/15/2014 7:15 AM

Authorities plan to release an update on the investigation into the 1971 disappearance of two South Dakota girls.

Full Story
Remains Found In Car Are Missing Girls

4/15/2014 1:39 PM

After more than 40 years, the families of two missing teenage girls now know what happened to them.

Full Story
Woman Killed In Sioux Falls Home

4/16/2014 6:01 PM

Sioux Falls police are investigating a murder in the southwest part of the city.

Full Story


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED