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 Evening Business Brief

November 8, 2012, 5:10 PM

Thursday Evening Business Brief
  • Stocks have slumped for a second day on Wall Street. The Dow lost 121 points to close at 12,811. The S&P 500 dropped 17 to 1,378 and the Nasdaq fell 42 points, ending the day at 2,896. Investors have been expressing concern about Europe's faltering economy and the potential for gridlock as Washington tries to avoid the fiscal cliff.
  • The Congressional Budget Office says going over the so-called fiscal cliff would send the U.S. economy back into recession and cause unemployment to jump to more than 9 percent. The CBO estimates the automatic tax increases and spending cuts would cut the deficit by more than $500 billion, but if left in effect for the entire year would cause the economy to shrink by 0.5 percent.
  • The government has two pieces of upbeat economic news today, but both come with qualifiers. The number of people filing for unemployment benefits dropped by 8,000 last week, while the nation's trade deficit narrowed in September on a 3 percent jump in exports. The Labor Department cautions that Superstorm Sandy likely kept jobless claims down, while economists say a weak global economy will likely slow future exports.
  • Air travel in the New York area is slowly getting back to normal after the second major storm in little more than a week. The flight tracking service FlightAware says major airlines scratched about 600 flights around the country today, most them at New York's airports. Airlines canceled 1,600 flights yesterday because of the storm.
  • Ready for a glass of wine, or a case?  Amazon.com can probably ship it to you pretty quickly. The online retailer has added wine to the long list of products it sells. Amazon says it will ship wine to 12 states and Washington, D.C., from its new storefront. Shipping up to six bottles will cost $10.

Find 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

Historic Sioux Falls Building For Sale

9/15/2014 4:24 PM

The Carpenter Building on South Phillips Avenue in Sioux Falls is for sale for $4.2 million.

Full Story
Sioux Falls Named 41st In Best Small To Midsize Cities List

9/15/2014 1:43 PM

Sioux Falls comes in at number 41 on Livability.com's list of the nation's best small to midsized cities.

Full Story
SF Judge Considering Another Walmart Lawsuit

9/19/2014 5:41 PM

Homeowners believe the City of Sioux Falls didn't live up to its promise of having a conditional use permitting process for the new store proposed...

Full Story | Watch
Unbridled Business

9/15/2014 10:10 PM

Most of us think of successful online retailers as being located in big cities.  But the truth is when your customers are on the Internet, you ca...

Full Story | Watch
Great Outdoor Store Recognized By National Magazine

9/17/2014 3:33 PM

Outdoor USA Magazine is giving high marks to a Sioux Falls store.

Full Story


Events