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.


69° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Thursday Morning Business Brief

December 27, 2012, 5:36 AM

Thursday Morning Business Brief
  • For the stock market, this week hasn't been the most wonderful time of the year. U.S. stocks fell yesterday for the third trading day in a row. Disappointing holiday sales weighed heavy on retail companies, and the unwelcome "fiscal cliff" package of higher taxes and lower government spending looms nearer. The Dow slipped 24 points to 13,114.59. Futures trading suggests a flat opening today.
  • International stock markets rose today while Japan's benchmark index hit its highest level in more than a year.  Optimism a new government in Japan will stimulate the country's sluggish economy helped. Benchmark crude oil rose above $91 per barrel. The dollar fell against the euro but rose against the yen.
  • The U.S. Treasury Department will begin taking steps this week to delay hitting the government's $16.4 trillion borrowing limit. Without those steps, the debt limit would be hit on Dec. 31. Treasury Secretary Timothy Geithner says in a letter to congressional leaders that the department will take several accounting measures to save approximately $200 billion beginning next year. That would keep the government from reaching the limit for two months.
  • Toyota still faces lawsuits over injury or death, with the first trial beginning in February unless another major deal comes first in connection with massive recalls over sudden and unintended acceleration. A settlement was announced yesterday with owners who said the value of their vehicles plunged after the recalls.
  • China's new communist leaders are moving to exert even tighter internet restrictions than their predecessors. The moves follow a spate of embarrassing online reports about official abuses. One analyst says China's new leaders are "still very paranoid" that the Internet is a destabilizing influence.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Deciding When To Collect Social Security

7/22/2014 10:10 PM

78 million Baby Boomers are retiring or preparing to retire.  The question they all face is when to draw their Social Security benefits. 

Full Story | Watch
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

Full Story


Events