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.


74° 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

Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

Full Story
New Mortgage Rules

7/16/2014 10:10 PM

This year, new mortgage rules went into effect to protect homeowners who are struggling. Potential buyers are also required to get education before en...

Full Story | Watch


Events