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.


26° 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!

 

Tuesday Morning Business Brief

February 28, 2012, 6:08 AM

Tuesday Morning Business Brief

The Dow spent much of yesterday above 13,000, but a burst of selling in the final minutes drove it down a point and a half to 12,982. The Dow hasn't closed above 13,000 since May 19, 2008. The S&P 500 and the Nasdaq composite both rose two points yesterday. Oil prices took a breather, with benchmark crude falling $1.21 to end at $108.56 per barrel in New York.

  • World stocks have risen Tuesday amid signs of a tentative recovery in the U.S. housing market and as oil retreated from recent highs. The Nikkei 225 index had its highest close since August.
  • Oil prices fell slightly Tuesday in Asia as a weak demand picture offset fears of a potential supply disruption should tensions explode between the West and Iran over its nuclear program. Analysts at Capitol Economics have issued a report predicting oil prices will likely drop back sharply this year because of weakening demand.
  • The European Central Bank has suspended the use of Greek government bonds by banks as collateral to get loans from the central bank. The move had been widely expected. The temporary step comes as Greece goes into a temporary default while it carries out a debt reduction negotiated with its creditors.
  • The Commerce Department this morning releases its durable goods report for January. Also this morning, Standard & Poor's unveils the S&P/Case-Shiller index of home prices for
    December and the fourth quarter. And the Conference Board comes out with the Consumer Confidence Index for February.

Previous Story

Next Story




Sponsored
 

View business

You may also like

Wells Fargo Lays Off Handful Of Workers In Sioux Falls

2/3/2016 2:27 PM

Spokesperson Staci Schiller said nine employees were given a 60-day notice in its home lending department.

Full Story
Out-Of-Court Settlement Reached In Lawsuit Over Wildfire

2/1/2016 7:34 AM

Court documents indicate a federal judge has signed off on a confidential settlement between Black Hills Power and the 87 plaintiffs.

Full Story
IRS Phone Scam Costing KELOLAND Thousands

2/4/2016 3:05 PM

Those aggressive IRS scam calls plaguing KELOLAND have cost South Dakotans tens of thousands of dollars so far.

Full Story
Toppers Pizza To Open On East 10th Street

2/1/2016 4:13 PM

Toppers Pizza is adding a second Sioux Falls location.

Full Story
Bridgestone-Firestone Recalls Over 36,000 Truck Tires

2/6/2016 1:20 PM

Bridgestone-Firestone North America is recalling more than 36,000 heavy truck tires in the U.S. and Canada because the tread can separate from the bod...

Full Story


Events