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.


87° 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

May 4, 2012, 5:36 AM

Friday Morning Business Brief

The tone of today's trading on Wall Street could well be established about an hour before the opening bell. That's because the session will likely be fully focused on the jobs report. In Thursday trading, the Dow lost 62 points, or 0.5 percent, to 13,207. The S&P 500 fell 11 points to 1,392, while the Nasdaq composite declined 36 points, or 1.2 percent, to 3,024. Futures trading suggests a lower open.

  • International stock markets were mostly lower today ahead of U.S. employment data that will give a big clue to the robustness of the recovery in the world's No. 1 economy. Benchmark crude oil fell under $101 a barrel in electronic trading on the New York Mercantile Exchange. The dollar gained against the euro but fell against the yen.
  • Analysts expect today's Labor Department report will show the economy added about 163,000 jobs in April. The unemployment report is thought to have been unchanged at 8.2 percent.
  • Treasury Secretary Timothy Geithner says there's reason for optimism about economic relations with China. He told President Hu Jintao that China's moves toward a more market-oriented exchange rate are "very promising" and said economic relations are improving despite occasional tensions. Geithner and Secretary of State Hillary Clinton met with Hu Friday.
  • A disgruntled Yahoo shareholder questioned the qualifications and integrity of recently hired CEO Scott Thompson after exposing a misrepresentation about the executive's education. Hedge fund manager Daniel Loeb gained more leverage in his efforts to topple the board when he discovered Thompson doesn't have a bachelor's degree in computer science from a small college in Easton, Massachusetts, as Yahoo stated in a regulatory filing last week.

For more local business news, visit our Back To Business page of KELOLAND.com.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Allegiant Air Pilot Pleads With Tower To Make Emergency Landing

7/29/2015 1:58 PM

An Allegiant Airlines pilot declared a fuel emergency and had to land at a North Dakota airport even though the airport was closed for the Blue Angels...

Full Story
Lick The Spoon Closes East Side Location

7/29/2015 9:53 AM

Just a year after opening on East 10th Street and Bahnson Avenue in Sioux Falls, Lick The Spoon restaurant has closed its doors.  Angela Becker o...

Full Story
Filly Flair Set To Open Sioux Falls Store On Saturday

7/30/2015 5:18 PM

A successful online retailer is opening her first brick and mortar shop in Sioux Falls.

Full Story
Famous Wine Maker Planning Sioux Falls Development

7/29/2015 1:00 PM

Barber tells KELOLAND News while the plans still have yet to be finalized, they call for a couple of apartment buildings with eight to 12 units, as we...

Full Story
Fiat Chrysler To Pay Record Recall Fine

7/27/2015 9:32 AM

The settlement also forces the car maker to repurchase more than half a million Ram pickup trucks built between 2008 and 2012 because defective steeri...

Full Story


Events