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.


30° 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.
Winter Returns To KELOLAND This Weekend. Click here for details. 

 

News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Afternoon Business Brief

November 1, 2010, 1:12 PM

Afternoon Business Brief
  • The tone of the stock market has been positive, although it has pared its gains after the Dow approached its highest trading levels of the year. The Institute for Supply Management said its manufacturing index rose in October, indicating an acceleration of growth in the sector.
  • The dollar turned higher after the release of a strong report on U.S. manufacturing. It had fallen earlier as traders gird for an expected announcement from the Federal Reserve that it's providing more relief for the struggling economy. That could trigger more borrowing and spending, but it would also weigh on the dollar.
  • By one measure, the struggling construction industry remains 34 percent below its 2006 peak, even after posting small gains in September. The Commerce Department says spending on building projects rose 0.5 percent after having dropped in August to the lowest point since July 2000.
  • The CEO of oil and gas producer EXCO Resources says he plans to buy all the company's outstanding shares in a deal valued at more than $4 billion. Douglas Miller is expected to take the company private, which could make it easier to shut down unprofitable natural gas projects and wait out the slump in prices.
  • AIG says it has raised $37 billion from the sale of two foreign insurance units to help repay U.S. government bailout money. The financial services company still owes more than $100 billion. The government will be converting some outstanding debt into common stock in the company as part of the repayment.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View news

You may also like

Police Identify Two Suspects In Sioux Falls Shooting

1/30/2015 10:55 AM

Police are searching for 17-year-old Conner Hanson and 19-year-old Robert Montes. Hanson and Montes are reported to be dangerous and should not be app...

Full Story
Police Searching For Two Suspects In Shooting

1/30/2015 12:09 AM

Sioux Falls Police are investigating a Thursday night shooting that occurred near the Empire Mall. 

Full Story
Man Rescued From Big Stone Lake After Falling Through Ice

1/29/2015 5:30 PM

Officials are urging caution on the ice as warmer temperatures lead to changing ice conditions across the region.

Full Story | Watch
1 Dead After ATV Goes Through Ice On Perkins Co. Lake

1/25/2015 8:08 AM

A Newcastle, Wyoming man died after an ATV broke through the ice on a lake in northern Perkins County in South Dakota.

Full Story
Shooting Suspects Arrested In Minnesota

1/30/2015 8:16 PM

Conner Hanson and Robert Montes have been arrested in Marshall, Minnesota in connection with the Thursday night shooting in Sioux Falls.

Full Story


Events