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.


52° 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 Afternoon Business Brief

April 10, 2012, 1:23 PM

Tuesday Afternoon Business Brief

U.S. stocks are headed for their fifth straight day of losses. Today's selling comes at an accelerated pace. At midday, the Dow was down 150 points, or 1.1 percent.

  • Worries about Spain's finances have intensified as its borrowing costs rose despite expectations of a new round of austerity measures. Spain is under intense pressure to show it can rekindle economic growth and cut its budget deficit to avoid becoming the next eurozone country to need a bailout. The unemployment rate is nearly 23 percent and the economy is back in recession - the Bank of Spain predicts it will contract 1.7 percent this year.
  • Under a new plan unveiled today, wireless carriers will be able to quickly disable a cellphone after it's reported stolen. The anti-crime effort involves a database that will allow wireless providers to disable a cellphone after a user reports it stolen. Officials hope to have the plan in place six months from now.
  • Employers posted slightly more job openings in February, suggesting that modest hiring gains should continue in coming months. The Labor Department says that employers advertised 3.5 million job openings in February. That is a slight increase from January but still below a three-year high reached in December.
  • In what's being described as a mutual decision reached with the company, Best Buy CEO Brian Dunn is stepping down from the nation's largest consumer electronics retailer. Best Buy has been criticized for not responding quickly enough to growing competition and changing shopping habits.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Sioux Falls To Get Second Five Guys Location

10/29/2014 11:45 AM

Five Guys Burgers and Fries will open up a second location in Sioux Falls in the former Extreme Automotive building at 49th Street and Louise Avenue.

Full Story
Three Sushi Restaurants Back Open

10/27/2014 11:10 AM

The three sushi restaurants that closed last week in Sioux Falls were back open for business over the weekend.

Full Story
KELO TV/Argus Leader Poll: Medicaid/Teacher Pay

10/26/2014 6:00 AM

There are a number of big issues this election year, but there are also big issues that people won't be voting on next week, like raising teacher ...

Full Story
What To Buy In November

10/28/2014 3:59 PM

A new month is right around the corner, and that means DealNews has released its list of the best things to buy in November. 

Full Story
Airport Hotel Takes Shape

10/27/2014 11:38 AM

The $5 million hotel called the AeroStay at the Sioux Falls airport is taking shape.  Exterior walls are going up for the 76 rooms and the buildi...

Full Story


Events