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.


71° 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.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Friday Morning Business Brief

June 22, 2012, 6:00 AM

Friday Morning Business Brief

With yesterday's market drubbing, the key stock averages are down for the week. Coming into today's session, they're down 0.5 to 1.5 percent. The Dow fell 251 points, or 2 percent in Thursday trading. Futures trading suggests early gains today.

  • International stock markets fell today as gloomy economic reports from the world's two biggest economies heightened fears of a sharper global downturn. In Europe, leaders were set to weigh options for fixing the continent's debt crisis. Benchmark crude oil rose slightly, remaining above $78 a barrel. The dollar rose against the euro and the yen.
  • Moody's Investors Service has lowered the credit ratings on some of the world's biggest banks, including Bank of America, JPMorgan Chase and Goldman Sachs, reflecting concern over their exposure to the violent swings in global financial markets. The downgrades late Thursday ultimately are a measure of Moody's view on the ability of the banks to repay their debts.
  • This is an important day for billionaire Elon Musk's electric-car maker, Tesla Motors. After losing nearly a billion dollars selling high-end electric sports cars, the company's first mass market vehicle is being delivered today. It is the Model S.
  • European finance ministers are discussing ways to make banks pay at least some of the costs of their own bailouts. A plan for a tax on financial transactions has significant opposition but opponents may be open to other possibilities. Meanwhile, the leaders of Germany, France, Italy and Spain meet today to seek agreement on ways to ease the widening debt crisis.

Visit our Back To Business page of KELOLAND.com for your local business news.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Red Robin Hiring In Sioux Falls

6/24/2015 2:51 PM

There is evidence that Red Robin is coming to Sioux Falls.

Full Story
Wild Bat Found At Great Plains Zoo Tests Positive For Rabies

6/26/2015 11:19 AM

The Great Plains Zoo is warning visitors after a bat found on a sidewalk there tested positive for rabies.

Full Story
Speed Limit Dropping To 75 MPH Along Stretch Of I-90

6/26/2015 1:53 PM

Starting next week, drivers on Interstate 90 will have to slow down from the Wyoming border to just west of Exit 55 in Rapid City.

Full Story
$8 Million Renovation Planned For DM&E Downtown Building

6/25/2015 10:37 AM

An old railroad office building at 140 N. Phillips that has sat vacant for the last few years in downtown Sioux Falls is getting a new lease...

Full Story
Moe's Southwest Grill Selects Sioux Falls Location

6/29/2015 12:41 PM

You will soon have a new option for chips and salsa, salads and tacos in Sioux Falls.

Full Story


Events