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.


84° 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




 
Find Local Businesses on KELO Pages!

View business

You may also like

Two KELOLAND Target Stores Now Open Extended Hours

8/19/2014 12:16 PM

Night owls who enjoy shopping at Target will soon have a few more hours to browse the shelves.

Full Story
SF Food Scene Gets Some National Attention

8/15/2014 8:14 PM

Sioux Falls' local flavor is getting national attention.

Full Story
Raven Balloons In Demand By Google

8/20/2014 9:10 AM

Raven Industries reports that sales for the second quarter are up to $94.5 million from $93.4 million the same time last year, due in part to Google&#...

Full Story
Sioux Falls Store Included In UPS Breach

8/21/2014 1:53 PM

If you used a credit or debit card at a UPS Store in the last seven months, some of your personal information could be a risk.  

Full Story
Woman-Owned Highway Construction Company

8/21/2014 10:05 PM

There are nearly eight million women owned businesses in the U.S.  But only eight percent of construction businesses are owned by women. 

Full Story | Watch


Events