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.


60° 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!

 

Monday Morning Business Brief

October 15, 2012, 5:39 AM

Monday Morning Business Brief

As earnings reporting season began in earnest, Wall Street saw stock prices move lower last week. In the previous session, the Dow gained 2 points, now at 13,329. The Nasdaq slipped 5 points to 3,044. The S&P was down 4 points to 1,429. Futures trading suggest a higher opening today.

  • European stocks rose and some Asian markets staged a comeback today as investors looked ahead to the release of U.S. earnings reports and Softbank's $20 billion deal for Sprint showed optimism amid economic turbulence. Benchmark crude oil fell but remained above $91 per barrel. The dollar fell against the euro but rose against the yen.
  • Part of the focus of the financial markets this week will be on the housing market, which has been improving. There are reports due this week on housing starts, builder sentiment and sales of previously-occupied homes.
  • Tokyo-based mobile phone company Softbank Corp. has reached a deal to acquire 70 percent of U.S. wireless carrier Sprint Nextel for $20.1 billion. It's the largest ever foreign acquisition by a Japanese company. The deal, announced Monday at a joint news conference in Tokyo, was given a green light by the boards of both companies. It still needs approval from Sprint shareholders and U.S. Regulators.
  • Economists foresee only tepid growth for the coming year, with unemployment back above 8 percent for the first half of 2013, no matter who is president. The good news: The housing market is recovering faster than expected and the economy likely won't fall off a "fiscal cliff." The new survey is from the National Association for Business Economists.

You can find the latest local business 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

National Pizza Franchise Coming To Sioux Falls

4/22/2014 4:24 PM

The South Dakota franchise owner of Marco's Pizza plans to open a third location in Sioux Falls at 5007 S. Louise Avenue, next to Noodles &am...

Full Story
It Looks Like A Credit Card, But It's Not

4/22/2014 10:01 PM

Small businesses often are short on cash or credit and in need of funding.  A California company is offering local businesses financing through t...

Full Story | Watch
Eric Church Concert Near-Sellout Within Minutes

4/18/2014 5:55 PM

The first ticket sale to an event at the new Denny Sanford PREMIER Center proved to be a boon at the box office Friday

Full Story | Watch
Redfield Drive-In To Stay Open

4/23/2014 6:00 PM

They continue to be a dying breed but not in Redfield. A family feared the local drive-in movie theatre would close and decided to take on the task of...

Full Story | Watch
City Of Worthington: Dilapidated Mall Is Due To Neglect From Ownership

4/21/2014 10:07 PM

The Northland Mall has been a mainstay in the Worthington community for over 35 years. The dilapidated shopping center has a leaky roof, which could l...

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