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.


39° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Winter weather returns early this week.  Storm Center Update

 

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
Find Local Businesses on KELO Pages!

View business

You may also like

National Attention For Sioux Falls Bakery

12/15/2014 9:56 AM

A Sioux Falls bakery is getting more national recognition.  CH Patisserie has been named one of the top 75 bakeries in the nation by The Daily Me...

Full Story
Cliff Hangers Gallery Closes; Customers Want Items Back

12/15/2014 10:10 PM

For more than two decades, Cliff Hangers Gallery has been a fixture in Sioux Falls.  A couple of years ago, the business moved from Park Ridge Ga...

Full Story | Watch
What Will Cost More/Less In 2015

12/16/2014 1:36 PM

Industry experts say gasoline prices will continue to fall in 2015, but other prices are expected to rise.

Full Story
Denny Sanford To Donate $25 Million For Scholarship Program

12/16/2014 4:30 PM

Philanthropist T. Denny Sanford is donating $25 million to South Dakota for a scholarship program for the state's technical schools.&nbs...

Full Story
Denny Sanford's Multi-Million Solution To Worker Shortage

12/16/2014 10:04 PM

Sanford's money provides half of the funds for a $50 million scholarship program at the state's technical schools to train workers to fill job...

Full Story | Watch


Events