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.


72° 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

February 14, 2012, 1:41 PM

Tuesday Afternoon Business Brief
Stocks have backtracked today. Lacking a positive catalyst to move higher, the key averages were down about 0.4 percent at midday.
  • President Barack Obama has assured China's heir apparent to leadership that the U.S. welcomes Beijing's rise in the world, saying that strong cooperation between the two powers is good for the rest of the world. Obama offered a warm welcome to Chinese Vice President Xi Jinping amid sharp policy differences over Syria, Iran and economic issues.
  • Treasury Secretary Timothy Geithner has told Congress that the president's proposed $3.8 trillion spending plan would impose new taxes on only 2 percent of the nation's wealthiest families. He says the alternative would be to seek more painful cuts in other government programs such as defense, Social Security and Medicare.
  • The head of the Eurogroup, a gathering of eurozone finance ministers, says he has canceled a meeting on Greece's bailout planned for tomorrow as Athens did not fulfill all the demands. Jean-Claude Juncker, who is also prime minister of Luxembourg, says the Eurogroup was still missing information from Athens on how it plans to save promised $428 million.
  • Late payments on mortgages rose in late 2011, the second straight quarter-to-quarter increase after nearly two years of steady declines. Credit reporting agency TransUnion says 6.01 percent of mortgage holders were behind on their payments by 60 days or more in the October-to-December period. That's compared with 5.88 percent for the third quarter of 2011.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
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
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Deciding When To Collect Social Security

7/22/2014 10:10 PM

78 million Baby Boomers are retiring or preparing to retire.  The question they all face is when to draw their Social Security benefits. 

Full Story | Watch


Events