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.


28° 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!

 

Monday Afternoon Business Brief

July 16, 2012, 1:17 PM

Monday Afternoon Business Brief

Stocks have been lower in Wall Street trading. Investors were confronted with a dismal report on June retail sales, which posted the third straight monthly decline.

  • The outlook for the nation's economy has grown dimmer after word that Americans cut back on retail spending last month. The retail sales report has prompted some economists to downgrade their forecasts for second-quarter growth.
  • The International Monetary Fund warns that Europe's financial crisis and a potential budget crisis in the U.S. could dampen economic growth further. The IMF looks for global growth of 3.5 percent this year.
  • Senate Democrats are preparing a one-year, $272 billion bill extending income tax cuts for all but the highest-earning Americans. Democrats hope to debate the measure as soon as next week.
  • Boards of both Britain's GlaxoSmithKline and Maryland-based Human Genome Sciences have approved a takeover of HGS. Glaxo expects some $200 million in cost benefits by 2014 and looks for the deal to add to earnings beginning next year.

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

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Large Security Threat On Internet

4/10/2014 6:00 PM

It's already being called one of the biggest security threats the Internet has ever seen.

Full Story | Watch
Titan Machinery To Close Eight Stores Across U.S.

4/11/2014 6:22 AM

The company based in West Fargo, N.D., on Thursday cited a slow recovery in construction sector among the reasons for the move, which will leave 128 p...

Full Story
Heartbleed Bug Causes Major Security Headache

4/10/2014 9:33 AM

A confounding computer bug called "Heartbleed" is causing major security headaches across the Internet.

Full Story
Family Dollar To Cut Jobs, Close About 370 Stores

4/11/2014 5:44 AM

Family Dollar says it will be cutting jobs and closing about 370 underperforming stores as it looks for ways to improve its financial performance. It ...

Full Story
Key Unlocks Gas Pumps For ID Thieves

4/14/2014 10:10 PM

Drivers who've fueled up in Rapid City are being warned that their debit and credit card numbers may have been stolen after "numerous" s...

Full Story | Watch


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED