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.


54° 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 Morning Business Brief

October 8, 2012, 5:32 AM

Monday Morning Business Brief

The Dow is sitting at its highest close since December 2007, ahead of this morning's opening bell on Wall Street. Both the Dow and S&P had their first positive weeks after two weeks of losses, both up more than 1 percent.

  • Bond markets are closed today for Columbus Day. But Wall Street will be open for business. With economic reports in short supply this week, some of the focus shifts to earnings season. Alcoa is to release quarterly numbers on Tuesday, the first of the Dow 30 members to report.
  • World stocks are down as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. European stocks fell in early trading, as did Asian markets. Britain's FTSE 100 nudged up slightly. Markets in Japan are closed for a public holiday.
  • Oil prices are down in Asia on multiple signs that the global economy continues to struggle. Benchmark crude for November delivery tumbled 1.7 percent to $88.37 per barrel by late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.
  • The World Bank is cutting its growth forecast for Asia. This year's growth outlook for developing Asia-Pacific economies was cut to 7.2 percent, down from its May forecast of 7.6 percent. Its forecast for China was cut to 7.7 percent from 8.2 percent. The bank warned China's cooling economy faces the risk of a "more pronounced slowdown."

Read more business stories on the Back To Business page of KELOLAND.com.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Yankton Teenager Files Discrimination Charges

9/24/2014 3:08 PM

With the help of the ACLU, a Yankton teenager has filed discrimination charges with the U.S. Equal Employment Opportunity Commission. 

Full Story
New Kind Of Pizza Restaurant In Sioux Falls

9/24/2014 10:55 AM

A build-your-own pizza restaurant is in the works in downtown Sioux Falls.  

Full Story
Jimmy John's Says Customers' Card Data Stolen

9/24/2014 4:00 PM

Jimmy John's sandwich chain said Wednesday that it believes customers' credit card data was stolen from 216 of its shops between June and Sept...

Full Story
Chicago Fire Rerouting Travelers In Sioux Falls

9/26/2014 11:25 AM

A fire in Chicago has grounded flights in Sioux Falls and across the country.

Full Story
Brookings Manufacturer Expands

9/26/2014 1:30 PM

Counterpart, Inc. of Brookings has completed a 30,000-square-foot expansion of its manufacturing plant.

Full Story


Events