User uShare 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.

29° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



 Winter Storm for November 30, 2015

Snow Outlook

Severe Weather

State Radar

Click here for local closings & delays

Send photos to

Storm Center Update



[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Friday Afternoon Business Brief

November 9, 2012, 1:12 PM

Friday Afternoon Business Brief

President Barack Obama is inviting Republican and Democratic Congressional leaders to the White House next week for talks on how to avoid the so-called fiscal cliff. Speaking at the White House, Obama said he is "open to compromise" and "new ideas" that would break the impasse over deficit reduction. But he adds that increasing tax revenues, including higher taxes on the wealthiest Americans, is an essential part of a balanced approach to the nation's fiscal problems.

  • House Speaker John Boehner says any deal to avert the so-called fiscal cliff should include not only lower tax rates but also revisions in the tax code and the elimination of special interest loopholes. Speaking to reporters on Capitol Hill, Boehner insisted that making the tax code more efficient would lead to greater revenue for the government.
  • Stocks have been swinging from negative territory to positive and back on Wall Street today. Talk of compromise over a budget deal that would keep the U.S. economy from falling off the so-called fiscal cliff of tax hikes and government spending cuts has buoyed shares. But analysts say investors will remain skittish until a deal is firmly in place.
  • A jump in sales prompted U.S. wholesale businesses to increase stockpiles at a faster pace in September. The Commerce Department says wholesale stockpiles grew 1.1 percent as sales at the wholesale level jumped 2 percent, the largest gain in 18 months. The increase could mean the economy grew at a faster rate in the July-September quarter than first estimated.
  • Britain's revenue and customs service says it is looking into allegations that criminals may have used offshore accounts with HSBC, Europe's biggest bank, to launder money.  The Daily Telegraph newspaper is reporting that a whistleblower has disclosed a list showing drug dealers and other criminals were using accounts based in Jersey. The British dependency off the coast of France has its own currency and tax laws.

Previous Story

Next Story



View business

You may also like

Fired GEAR UP Worker Defends Stacy Phelps

11/24/2015 6:05 PM

When the state pulled its multi-million dollar GEAR UP contract from Mid Central Educational Co-Op in September, all the current GEAR UP workers were ...

Full Story | Watch
Great Western Bank Buys Home Federal For $140M

11/30/2015 3:37 PM

The combined companies are projected to have $11.3 billion in assets, $8.5 billion in loans and $8.6 billion in deposits.

Full Story
Bison Ranch Owner By Turner Gets Permit For Feedlot Addition

11/25/2015 1:35 PM

Stanley County commissioners have approved a feedlot at a bison ranch owned by media mogul Ted Turner.

Full Story
Cyber Monday Sales Bring Down Target Website

11/30/2015 10:03 AM

Target’s website went down during Cyber Monday shopping Monday morning.

Full Story
City Of Sioux Falls Buying Homes In Area that Floods

11/24/2015 6:05 PM

Homeowners have the option to voluntarily sell their house if they are concerned about flooding or if they have had problems with flooding. By tearing...

Full Story | Watch