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.


63° 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 Afternoon Business Brief

June 29, 2012, 1:37 PM

Friday Afternoon Business Brief

Stocks have been surging today after European leaders agreed to a set of prescriptions aimed at easing their debt crisis. The Dow Jones was up more than 200 points in afternoon trading, while the S&P 500 and the Nasdaq were seeing gains of better than 2 percent.

  • German media are calling it a political defeat, but Chancellor Angela Merkel is telling lawmakers it was a "sensible decision." At issue is the agreement forged at a European Union summit that will allow Europe's bailout fund to give money directly to a country's banks, without imposing strict austerity conditions on the government. Merkel tells Germany's parliament that help will still come with strings attached and is only aimed at helping countries whose financial stability is threatened by high interest rates.
  • The White House is pushing back against questions about whether President Barack Obama's health care law would mean new taxes for many people. Press secretary Jay Carney says the law will create a "penalty" that will affect about 1 percent of those who refuse to get health insurance. He says the penalty is modeled after the one put in place in Massachusetts when Republican Mitt Romney was governor.
  • Toyota's problems with unintended acceleration aren't going away. Federal safety regulators say they've asked the company to recall about 154,000 Lexus SUVs because their floor mats can trap the gas pedal and cause the vehicles to speed up without warning. The agency is also said it may investigate whether Toyota told the agency about problems quickly enough. The move adds the 2010 model year Lexus RX 350 and RX 450 to more than 14 million vehicles recalled globally.
  • Bernard Madoff's younger brother has pleaded guilty to charges he doctored records to cover up the disgraced financier's Ponzi scheme. Peter Madoff entered the plea Friday in federal court in Manhattan. He served as the former chief compliance officer at his brother's investment firm. He'll remain free on $5 million bail pending an Oct. 4 sentencing.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Historic Sioux Falls Building For Sale

9/15/2014 4:24 PM

The Carpenter Building on South Phillips Avenue in Sioux Falls is for sale for $4.2 million.

Full Story
Sioux Falls Named 41st In Best Small To Midsize Cities List

9/15/2014 1:43 PM

Sioux Falls comes in at number 41 on Livability.com's list of the nation's best small to midsized cities.

Full Story
Unbridled Business

9/15/2014 10:10 PM

Most of us think of successful online retailers as being located in big cities.  But the truth is when your customers are on the Internet, you ca...

Full Story | Watch
Committee Gives Final OK To Rest Stop Rule Changes

9/16/2014 1:22 PM

A South Dakota panel has approved rule changes in multiple state departments that include allowing the Department of Transportation to regulate newsst...

Full Story
Great Outdoor Store Recognized By National Magazine

9/17/2014 3:33 PM

Outdoor USA Magazine is giving high marks to a Sioux Falls store.

Full Story


Events