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.


63° 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 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

Millions Of Android Phones At Risk For Heartbleed

4/15/2014 4:10 PM

If you've got an Android phone, your device could be susceptible to the Heartbleed security problem.

Full Story
Shrimp Prices Soar

4/16/2014 11:00 AM

The next time you order shrimp scampi of the menu, you may be in for sticker shock. 

Full Story
Headliners For JazzFest Announced

4/17/2014 10:54 AM

Plans are in place for JazzFest 2014 in Sioux Falls.

Full Story
Key Unlocks Gas Pumps For ID Thieves

4/14/2014 10:10 PM

Drivers who've fueled up in Rapid City are being warned that their debit and credit card numbers may have been stolen after "numerous" s...

Full Story | Watch
Rental Scam Targets Sioux Falls

4/11/2014 10:10 PM

If you're in the market to rent a house in Sioux Falls, you could be target of a scam.  Sioux Falls realtors say their home listings are bein...

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