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.


64° 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!

 

Friday Afternoon Business Brief

October 26, 2012, 1:17 PM

Friday Afternoon Business Brief
  • Wall Street remains on track for a weekly loss. The key averages have slipped today as investors have reacted negatively to some weak corporate earnings reports.
  • The Commerce Department says economic growth accelerated in the third quarter, expanding at an annual rate of 2 percent. Even with the improvement from a 1.3 percent rate of GDP in the second quarter, the economy has not seen a large rise in job creation.
  • Investors have sent Apple stock below $600 for the first time in three months. The technology giant reported earnings for its latest quarter that missed expectations and warns that profits in the holiday quarter will fall short of last year's level. Apple stock is now down more than $100 from its peak of $705.
  • An Italian court has convicted former Premier Silvio Berlusconi of tax fraud and sentenced the media mogul to four years in prison. It is his first prison sentence in years of criminal probes. The 76-year-old billionaire businessman is expected to remain free at least until the appeals process is exhausted.
  • Federal safety regulators have opened an investigation into complaints that the throttles can stick on some older-model Ford Taurus and Mercury Sable sedans. The National Highway Traffic Safety Administration said on its website that 50 drivers have complained about the problem in cars from the 2000 through 2003 model years. No crashes have been reported and no one has been reported hurt.

Read more business stories on the Back To Business page.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

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
Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story
Simply Mac Coming To Sioux Falls

7/28/2014 1:12 PM

Apple users will soon have another option for sales and service support.

Full Story
Dawley Farm Village Expands

7/25/2014 10:10 PM

If you don't live on the Sioux Falls east side, or haven't taken a drive over there lately, you may not have noticed all the new businesses.

Full Story | Watch


Events