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.


66° 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!

 

Friday Afternoon Business Brief

May 18, 2012, 1:18 PM

Friday Afternoon Business Brief

After a losing streak that has persisted over the past two weeks, stocks have been under pressure again today. With a highly-hyped debut for Facebook shares and high anxiety over Greece's possible exit from the euro, the key averages have been going back and forth between negative and positive territory.

  • Facebook's shares were recently trading up about 8 percent in its debut on the Nasdaq Stock Market. The company and its early investors raised $16 billion in the offering, which valued Facebook at $104 billion. That makes Facebook the most valuable U.S. company to ever go public.
  • France's Francois Hollande met today with President Barack Obama in the Oval Office, after the French leader's recent election. Obama says this weekend's gathering of economic powers at Camp David will promote a "strong growth agenda."
  • Greece's government spokesman says German Chancellor Angela Merkel has floated the idea that the country hold a referendum on the euro alongside national elections next month. Greece is set to hold elections on June 17.
  • The Labor Department says unemployment rates fell in two-thirds of U.S. states last month. Also, in many states, unemployment has fallen well below the national average, which was 8.1 percent last month. Rates were lower than 7 percent in 22 states in April.

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
Bass Pro Shops Turned Brandon Down

8/3/2015 4:00 PM

A Sioux Falls architect who is on Brandon's Planning and Zoning Committee brought a proposal to Bass Pro Shops to locate a store at the Brandon ex...

Full Story
Historic Sid's Liquor Building Has New Owner

8/4/2015 10:10 AM

The former Sid's liquor buildings, which closed in 2014 after six decades of business, has a new owner.  

Full Story


Events