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.


74° 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!

 

Wednesday Evening Business Brief

November 28, 2012, 5:09 PM

Wednesday Evening Business Brief
  • Stocks closed higher on some optimism that a deal might be reached on the "fiscal cliff". The Dow added 107 points to 12,985. The S&P was up 11 points, while the Nasdaq surged 24 points.
  • Moody's Investors Service is lowering the long-term credit rating for Hewlett-Packard, fearing the technology giant will have trouble increasing sales of many of its products. The rating agency cites concerns that the company's finances will remain weaker than previously expected "over the immediate term."
  • Some cracks are developing among Republicans over whether to accept a quick deal with President Barack Obama on allowing the top two income tax rates to expire. Longtime GOP loyalist Congressman Tom Cole told colleagues in a private meeting Tuesday that it's better to make sure that tax cuts for the 98 percent of taxpayers who make less than $200,000 or $250,000 a year are extended than to battle it out with Obama and risk increasing taxes on everyone.
  • The Federal Reserve's Beige Book survey finds that improving consumer spending and steady home sales helped boost economic growth from October through early November in most of the U.S. The Northeast was an exception, having been slowed by Superstorm Sandy.
  • President Barack Obama will host Republican Mitt Romney for a private lunch at the White House tomorrow. It will be their first meeting since the election.

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

Big Box Competition Prompts 2 SD Stores To Close

10/1/2014 6:51 AM

Stores are closing in Pierre and Aberdeen as big box retailers move in, affecting more than two dozen workers.

Full Story
Latest SF Walmart Lawsuit Dismissed

9/30/2014 11:48 AM

A lawsuit filed by opponents of a south side Sioux Falls Walmart has been dismissed.

Full Story
Chicago Fire Rerouting Travelers In Sioux Falls

9/26/2014 11:25 AM

A fire in Chicago has grounded flights in Sioux Falls and across the country.

Full Story
Lawsuit Dismissal Rolls Back SF Walmart Road Blocks

9/30/2014 5:39 PM

A Sioux Falls judge has dismissed the latest lawsuit involving the south side Walmart.

Full Story | Watch
Brookings Manufacturer Expands

9/26/2014 1:30 PM

Counterpart, Inc. of Brookings has completed a 30,000-square-foot expansion of its manufacturing plant.

Full Story


Events