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.


69° 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!

 

Thursday Morning Business Brief

November 8, 2012, 5:43 AM

Thursday Morning Business Brief

The stock market is coming off its worst sell-off of the year. The Dow Jones industrial average dropped 313 points Wednesday, ending the session at 12,933. The S&P lost 34 points to 1,395, while the Nasdaq composite index was down 75 points to 2,937. Wall Street is poised for a flat opening today.

  • International stock markets settled down today after the turmoil of the previous day when concerns over the U.S. fiscal situation combined with renewed worries over the European economy to hammer stocks. Benchmark crude oil rose to near $85 per barrel. The dollar gained against the euro.
  • On today's economic calendar, the Labor Department releases weekly claims for unemployment benefits. Also due today, Freddie Mac releases its weekly roundup of mortgage interest rates.
  • The European Union is considering imposing tariffs on Chinese-made solar panels and parts after a complaint from European manufacturers alleged that Beijing is subsidizing the industry. The Commission, the EU's executive arm, opened its investigation Thursday. It is already looking into a complaint that Chinese manufacturers are "dumping" solar panels on Europe - selling them at below-market rates.
  • Employee 401(k) accounts grew more than 4 percent in the third quarter as a rising stock market boosted investment returns, and contributions from workers and their employers increased. Fidelity Investments, the nation's largest 401(k) administrator, says that the average balance of $75,900 at the end of the quarter was the highest since it began tracking the data in 2000. Three months earlier, the average account balance was $72,800.

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
Harrisburg Sports Complex Nearly Complete

4/16/2014 7:15 AM

Perfect Practice Sports Academy is much bigger on the inside than what it looks like from the front doors. Soon, athletes of all a...

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