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.


56° 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


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Huset's Speedway Purchased By Badlands Group

4/21/2015 5:18 AM

The longtime sprint car track near Brandon will be renamed Badlands Motor Speedway after the 2015 season.

Full Story
Huset's Speedway Sold

4/21/2015 6:00 PM

Started back in the late 1950s, Huset's Speedway is almost as old as the dirt the cars race on.  But that's about to change.

Full Story | Watch
Multi-Million Dollar Athletic Center Planned For Sioux Falls

4/21/2015 5:03 PM

Plans are in the works for a 40,000 square foot athletic training center in southeast Sioux Falls.  With the Pentagon and the new tennis facility...

Full Story | Watch
Amazon Distribution Center In Shakopee Could Employ 1,000

4/22/2015 6:03 AM

The online retailer is asking the city of Shakopee for about $5 million in tax breaks to build the 820,000-square-foot center and warehouse.

Full Story
New Men's Clothing Store

4/23/2015 10:21 PM

Downtown Sioux Falls has a new clothing store.  J.H. and Sons opened its doors along Phillips Avenue on Thursday night. 

Full Story


Events