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.


77° 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!

 

Most Popular Today


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

Former Sioux Falls Executive Investigated For Animal Abuse

8/28/2014 4:15 PM

A former Hot Stuff/Orion Foods President is being investigated for dog abuse in Canada.

Full Story
Westward Ho Country Club Changes Name

8/28/2014 12:56 PM

The Westward Ho Country club in Sioux Falls is changing its name to The Country Club of Sioux Falls.  Members were notified of the change on Thur...

Full Story
Cattle Spooked By LifeLight Noise

8/30/2014 3:58 PM

Farmers say the annual music event is louder this year, and it's causing some problems with their cattle.

Full Story
Sanford And First PREMIER Bank Hosting Concert For Employees

8/29/2014 11:30 AM

Employees from two Sioux Falls employers have an opportunity to see a private concert with two country headliners at the Denny Sanford PREMIER Center.

Full Story
Car vs Bus Crash Injures Two Teens

8/26/2014 6:00 PM

Two Iowa teenagers are hospitalized after colliding with a school bus early Tuesday morning.  It happened just east of Inwood on 240th Street at ...

Full Story | Watch


Events