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.


64° 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!

 

Friday Evening Business Brief

November 16, 2012, 5:37 PM

Friday Evening Business Brief

Reports of progress in fiscal cliff talks at the White House have helped stocks end a three-day losing streak. The Dow finished the day up 46 points at 12,588, though it was still down for the week. The S&P 500 rose seven to end at 1,360 and the Nasdaq rose 16 to 2,853.

  • Congressional leaders from both parties are voicing fresh optimism about avoiding the year-end "fiscal cliff" of tax increases and spending cuts. After meeting with President Barack Obama at the White House this morning, House Speaker John Boehner said Republicans are willing to consider increased revenue "as long as it is accompanied by spending cuts."
  • President Barack Obama's health care law appears to be on track in nearly half the country. As of today, 22 states and Washington, D.C., are setting up health insurance exchanges, where people and businesses will be able to shop for private coverage. Fifteen states say they'll leave it to the federal government to run their markets. The other 13 have until Dec. 14 to declare their intentions.
  • The Humane Society says a $500 million settlement has been reached in a slaughterhouse abuse case that led to the biggest meat recall in U.S. history in 2008. The now defunct Westland/Hallmark Meat Co. was supplying meats for the national school lunch program when an undercover video showed cows unable to walk being dragged with chains and prodded with forklifts.
  • Twinkies may not last forever after all. Hostess Brands filed a motion in U.S. Bankruptcy court today to liquidate after striking workers crippled its ability to maintain production. The move means the loss of more than 18,000 jobs. Hostess CEO Greg Rayburn says there's no one waiting in the wings to buy the company, but he has received interest in some of its 30 brands.

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
Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story
Simply Mac Coming To Sioux Falls

7/28/2014 1:12 PM

Apple users will soon have another option for sales and service support.

Full Story
Dawley Farm Village Expands

7/25/2014 10:10 PM

If you don't live on the Sioux Falls east side, or haven't taken a drive over there lately, you may not have noticed all the new businesses.

Full Story | Watch


Events