User uShare 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.

16° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options




[0] My Saved Articles
Back to all news


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 for your local business news.

Previous Story

Next Story



View business

You may also like

Board Of Education Member Had Multiple Contracts With State

11/23/2015 6:05 PM

That means in addition to her state salaries at USD and Northern State, Duncan earned an additional $124,000 in contracts from the Department of Educa...

Full Story | Watch
Fired GEAR UP Worker Defends Stacy Phelps

11/24/2015 6:05 PM

When the state pulled its multi-million dollar GEAR UP contract from Mid Central Educational Co-Op in September, all the current GEAR UP workers were ...

Full Story | Watch
Bison Ranch Owner By Turner Gets Permit For Feedlot Addition

11/25/2015 1:35 PM

Stanley County commissioners have approved a feedlot at a bison ranch owned by media mogul Ted Turner.

Full Story
Black Friday Shopping Starting on Thanksgiving

11/21/2015 5:43 PM

As more stores announce their Black Friday hours, the times are getting earlier and could even cut into your Thanksgiving meal.

Full Story
Some Black Friday Deals Are Not Deals

11/23/2015 4:51 PM

Recent research found just because something is called a doorbuster doesn't mean it's significantly discounted.

Full Story