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.


75° 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!

 

Thursday Afternoon Business Brief

November 1, 2012, 1:08 PM

Thursday Afternoon Business Brief
  • Stocks have seen a strong rally today, as investors have embraced some better economic reports. The Dow has staged a triple-digit gain.
  • Today's economic reports largely paint a picture where consumers are more confident and more willing to spend. The releases come a day ahead of the monthly employment report.
  • Does it bode well for the upcoming holiday shopping season? Twenty-one retailers from discounter Target to department store Macy's, taken together, report that monthly sales rose 5 percent in October. Analysts fear that some of the spending before Superstorm Sandy hit could have drained consumers' wallets, raising the risk they'll cut back in the weeks ahead.
  • Mark Fields, who has spent seven years as head of Ford's Americas division, will become the automaker's chief operating officer Dec. 1. He will report to CEO Alan Mulally, who says that he plans to remain CEO at least through 2014. Fields is seen as the likely successor to the 67-year-old Mulally.
  • The state of Rhode Island has filed a lawsuit against former Red Sox pitcher Curt Schilling and one-time officials with the state's economic development agency in connection with a $75 million loan guarantee to his failed video game company. The suit filed in Rhode Island Superior Court names Schilling, along with the former executive director of the Economic Development Corp., Keith Stokes, and another former state official who worked closely on the deal.

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
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
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