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.


69° 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!

 

Tuesday Evening Business Brief

July 3, 2012, 5:00 PM

Tuesday Evening Business Brief

Stocks climbed today, in an abbreviated holiday trading session. The Dow Jones industrial average finished 72 points higher, at 12,944. The S&P 500 index rose 8.5 to 1,374. The Nasdaq rose 25 to 2,976. Caterpillar, Alcoa, Boeing and other stocks that depend on manufacturing rose after the government reported that factory orders were up in May.

  • Renewed tensions between Iran and the West pushed oil to its highest level in more than a month. Iran is again threatening to block a critical Persian Gulf shipping route in response to a European embargo of Iranian oil. Benchmark U.S. crude added 4.7 percent, ending at $87.66 per barrel in New York. Oil has risen by nearly $10 per barrel in less than a week, bringing an end to a drop in pump prices.
  • From mini cars to monster pickups, sales of new cars and trucks surged in June. Automakers report big gains over June of last year. Chrysler posted its best June in five years. Sales soared at Volkswagen, which is on track for its best year in the U.S. since 1973.
  • Fiat is looking to boost its ownership of Chrysler. The Italian automaker is exercising an option to buy 3.3 percent of Chrysler equity from a trust fund that manages health care for pensioners. Today's announcement says the purchase in the coming weeks will raise Fiat's stake in Chrysler to almost 62 percent.
  • Nine of the largest U.S. banks have submitted plans to the federal regulators that show how they would break up and sell off their assets if they are in danger of failing. The FDIC has released summaries of the "living wills" for Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS.

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
Good Samaritan Society Responds To Changes In Industry

9/11/2014 10:05 PM

The largest non-profit senior care and services organization in the U.S is located right here in Sioux Falls, and like all branches of health care is ...

Full Story | Watch
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


Events