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.


67° 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!

 

Monday Morning Business Brief

November 26, 2012, 5:34 AM

Monday Morning Business Brief

Black Friday enthusiasm produced a 173-point rally to end a short holiday trading week. The bluechip index starts this week above 13,000 for the first time since Election Day. The S&P starts at 1,409, while the Nasdaq finished last week at 2,967. Futures trading suggests a lower opening today.

  • Asian stock markets rose modestly today after the unofficial start of the holiday shopping season in the U.S. topped expectations. But trading in Europe was subdued hours before finance ministers gathered yet again to discuss what to do about Greece. Benchmark crude oil fell but remained above $88 per barrel. The dollar rose against the euro but fell against the yen.
  • There's plenty of fresh economic data on the schedule this week, including a new estimate of U.S. economic growth in the third quarter. That comes Thursday. Numbers on the manufacturing sector, a trio of reports on housing and a measure of consumer confidence are also expected.
  • Shoppers are expected to pound the keyboards and not the pavement looking for big bargains today -- Cyber Monday. Research firm comScore suggests it will be a big online success, with Americans expected to spend $1.5 billion, up 20 percent from last year. Retailers have ramped up their deals to get shoppers to click on their websites.
  • Swiss bank UBS is facing a big fine by Britain's financial regulator for failings which allowed a rogue trader to lose $2.3 billion. The Financial Services Authority levied a fine of $47.6 million. The trader was sentenced to seven years in prison last week. The regulator says the case revealed serious weaknesses in UBS procedures, management systems and internal controls.

You can find more business news on the Back to Business page of KELOLAND.com.

Previous Story

Next Story




Sponsored
 

View business

You may also like

Hy-Vee Announces Updates To Sioux Falls Stores

5/27/2015 10:24 AM

There are big plans for the seven Hy-Vee grocery stores in Sioux Falls.

Full Story
Ford Recalls Nearly 423K Vehicles For Power Steering Problem

5/27/2015 3:06 PM

Ford is recalling nearly 423,000 cars and SUVs in North America because the power-assisted steering can fail while they're being driven.

Full Story
Software Glitch Can Cause iPhones To Crash

5/27/2015 3:23 PM

A newly-discovered glitch in Apple's software can cause iPhones to mysteriously shut down when they receive a certain text message.

Full Story
Flights Cut/Airfares Rise Out of Sioux Falls

5/26/2015 10:10 PM

Just last summer, KELOLAND News reported that more people were flying Frontier. The discount airline had daily flights to Denver that were more than 9...

Full Story | Watch
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