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.


41° 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!

 

Wednesday Morning Business Brief

October 10, 2012, 5:48 AM

Wednesday Morning Business Brief

The latest session for stocks saw the key averages decline. The Dow dropped 110 points to 13,474. The S&P declined 14, while the Nasdaq was down 47 points. After the close, Alcoa posted earnings that were better than expected. Futures trading point to a lower opening today.

  • Worries about Europe's debt crisis, signs of weak global growth and expectations of lower U.S. corporate earnings sent most international stock markets down today. Only mainland China shares rose. Benchmark crude oil fell below $92 per barrel. The dollar rose against the euro and the yen.
  • The Federal Reserve today releases the Beige Book survey. The report is prepared for the next meeting of Fed policymakers.
  • Toyota is announcing another giant recall. This time, it's 7.43 million vehicles in the U.S., Japan, Europe and elsewhere for a faulty power-window switch. The recall affects more than a dozen models produced from 2005 through 2010. Toyota says the switch on the driver's side didn't have grease applied evenly during production, causing friction and sometimes smoke. No crashes or injuries have been reported.
  • When global finance ministers meet this week in Tokyo, they'll confront a triple challenge. Europe is gripped by a debt crisis and stalled growth. A budget standoff in the United States is set to trigger tax increases and spending cuts and perhaps a recession. And a weaker Asia is slowing worldwide growth. As a result, the International Monetary Fund has turned gloomier about the global economy.

Find the latest local busienss news 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

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
New Brewery Proposed In Northeast Sioux Falls

4/11/2014 8:58 AM

A new brewery is proposed for the Vance-Lantus building at 1400 E. Robur Drive, which is off of North Cliff Avenue, just north of Interstate 90 in Sio...

Full Story


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