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.


60° 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!

 

Friday Morning Business Brief

November 23, 2012, 6:12 AM

Friday Morning Business Brief

Wall Street comes back to a shortened trading session today to round out the holiday week. In Wednesday's session, the Dow added 48 points to 12,837. The S&P gained 3 points, while the Nasdaq surged nearly 10. The key averages have gained 2 to 2.6 percent for the week, coming into today's session. Futures trading suggests slight gains this morning.

  • International stock markets saw little movement today amid holidays in the U.S. and Japan, although traders kept an eye on Americans hitting the stores for the start of the biggest shopping season of the year. Benchmark crude oil slipped but remains above $87.25. The dollar fell against the euro and the yen.
  • Retailers are hoping that earlier openings, including pushing Black Friday into Thursday in some cases, will help boost holiday sales. It is unclear how many shoppers took advantage it, but about 17 percent of shoppers said earlier this month that they planned to shop at stores that opened on Thanksgiving.
  • Efforts to make long-term spending plans for the 27-nation European Union continue under the specter of possible failure. While heavyweights like Britain and France are pulling in opposite directions, smaller members are threatening to veto a deal in order to make themselves heard. Negotiators will try to navigate the myriad of demands on the second day of the meeting today.
  • Wal-Mart's Indian joint venture says it suspended several employees pending a corruption investigation. Wal-Mart runs 18 wholesale outlets with Indian partner Bharti Enterprises. Its aggressive plans to move into direct retailing may be slowed by the corruption probe. Wal-Mart said this month that it is investigating possible violations of the U.S. Foreign Corrupt Practices Act in India, China and Brazil. The company is already embroiled in scandal over its Mexico subsidiary.

Previous Story

Next Story




Sponsored
 

View business

You may also like

Takata Air Bag Recall Becomes Biggest Ever In US

5/20/2015 5:19 AM

Takata's decision to add more than 18 million air bags to existing recalls comes following pressure from U.S. safety regulators.

Full Story
Sioux Falls Named Third Most Livable City For People Over 50

5/21/2015 2:30 PM

AARP cites Sioux Falls' 25-mile walking and biking trail that loops the entire city, offering views of the historic core, as one of the reaso...

Full Story
New Retail Planned For 85th And Louise Avenue

5/22/2015 1:15 PM

Kevin Nyberg is planning a 22,000- to 25,000-square-foot Ace store at the intersection, but the project could be a few years off due to the recent exp...

Full Story
Warning: Phone Scams Making The Rounds

5/22/2015 1:15 PM

The Pennington County Sheriff's Office is issuing an alert about a phone scam involving jury duty.

Full Story
Women's Clothier Torrid Coming To Empire Mall

5/26/2015 1:35 PM

Construction is scheduled to begin in July, and the store plans to open in early fall. 

Full Story


Events