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.


53° 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 Morning Business Brief

December 19, 2012, 5:38 AM

Wednesday Morning Business Brief

Wall Street has advanced the so-called "Santa Claus" rally. In the latest session, the Dow rose 116 points to 13,351. The S&P was up 16 points, while the Nasdaq surged 44.

  • World stock markets are up after U.S. political leaders appeared to be closing in on a budget deal to avert the "fiscal cliff" by the year-end deadline. Markets and oil prices were further boosted by a positive monthly survey of business optimism for Germany.
  • Switzerland's UBS AG has agreed to pay some $1.5 billion in fines to international regulators following a probe into the rigging of a key global interest rate. In admitting to fraud, Switzerland's largest bank became the second bank, after Britain's Barclays PLC, to settle over the rate-rigging scandal. The fine, which will be paid to authorities in the U.S., Britain and Switzerland. Other banks are expected to be fined for their involvement in the London interbank offered rate scandal.
  • A key measure of German business optimism has risen slightly more than expected in December, suggesting Europe's largest economy will avoid a recession despite a recent slowdown in growth. The Ifo institute says that its main index rose to 102.4 from 101.4 the month before. The consensus expectation among market analysts was 102.0.
  • Figures are due this morning from the Commerce Department on November housing starts.  A gauge of builder sentiment, released yesterday, was at the highest level since April 2006.

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

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

National Pizza Franchise Coming To Sioux Falls

4/22/2014 4:24 PM

The South Dakota franchise owner of Marco's Pizza plans to open a third location in Sioux Falls at 5007 S. Louise Avenue, next to Noodles &am...

Full Story
Headliners For JazzFest Announced

4/17/2014 10:54 AM

Plans are in place for JazzFest 2014 in Sioux Falls.

Full Story
Eric Church Concert Near-Sellout Within Minutes

4/18/2014 5:55 PM

The first ticket sale to an event at the new Denny Sanford PREMIER Center proved to be a boon at the box office Friday

Full Story | Watch
It Looks Like A Credit Card, But It's Not

4/22/2014 10:01 PM

Small businesses often are short on cash or credit and in need of funding.  A California company is offering local businesses financing through t...

Full Story | Watch
2014 JazzFest Headliners Announced

4/17/2014 6:00 PM

This summer's Sioux Falls JazzFest is about to get bad - with some good blues and rock music.

Full Story | Watch


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED