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.


54° 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!

 

Tuesday Afternoon Business Brief

November 20, 2012, 1:04 PM

Tuesday Afternoon Business Brief
  • Stocks have headed lower on Wall Street, a day after the market chalked up big gains. This is a holiday-shortened trading week, including a market holiday on Thanksgiving.
  • October saw increased construction of new homes. The Commerce Department says housing starts rose 3.6 percent.  Applications for building permits fell 2.7 percent, but applications for single family homes were at their highest since July 2008.
  • Speaking in New York, Federal Reserve Chairman Ben Bernanke urges Congress and the Obama administration to work toward a budget deal to head off tax increases and spending cuts that could trigger a recession next year. Bernanke also noted that Congress must raise the federal debt limit to prevent the government from defaulting on its debt.
  • The Labor Department says an increase in hiring helped lower unemployment rates in 37 U.S. states last month.    Unemployment rates are now below 7 percent in 23 of the 50 states. Jobless rates rose in seven states in October and were unchanged in six.
  • News Corp. says it is acquiring a 49 percent stake in the New York Yankees' regional cable sports channel, known as the YES Network. News Corp., which owns Fox and The Wall Street Journal, may acquire an additional stake in the baseball channel after three years that could bring its ownership to 80 percent.

Read 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

Sioux Falls Nail Salon Shut Down By SD Cosmetology Commission

10/30/2014 11:00 AM

The South Dakota Cosmetology Commission has shut down #1 Nails Salon in Sioux Falls.  The commission revoked the license of owner Ngoc Lan T...

Full Story
Sioux Falls To Get Second Five Guys Location

10/29/2014 11:45 AM

Five Guys Burgers and Fries will open up a second location in Sioux Falls in the former Extreme Automotive building at 49th Street and Louise Avenue.

Full Story
Three Sushi Restaurants Back Open

10/27/2014 11:10 AM

The three sushi restaurants that closed last week in Sioux Falls were back open for business over the weekend.

Full Story
KELO TV/Argus Leader Poll: Medicaid/Teacher Pay

10/26/2014 6:00 AM

There are a number of big issues this election year, but there are also big issues that people won't be voting on next week, like raising teacher ...

Full Story
What To Buy In November

10/28/2014 3:59 PM

A new month is right around the corner, and that means DealNews has released its list of the best things to buy in November. 

Full Story


Events