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.


54° 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




 
Find Local Businesses on KELO Pages!

View business

You may also like

Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story
Simply Mac Coming To Sioux Falls

7/28/2014 1:12 PM

Apple users will soon have another option for sales and service support.

Full Story
Dawley Farm Village Expands

7/25/2014 10:10 PM

If you don't live on the Sioux Falls east side, or haven't taken a drive over there lately, you may not have noticed all the new businesses.

Full Story | Watch
New General Motors Recalls

7/23/2014 2:24 PM

General Motors has issued six more recalls, involving more than 700,000 vehicles.

Full Story


Events