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!

 

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

Valentino's Restaurant For Sale

10/20/2014 12:18 PM

Prime real estate on 41st Street in Sioux Falls is for sale. Valentino's Restaurant at 41st Street and Western Avenue has been listed for $1.35 mi...

Full Story
Long John Silver's Closes, Building For Sale

10/20/2014 12:31 PM

A longtime fast food option in Sioux Falls, the Long John Silver's restaurant is closing after more than 30 years in business. 

Full Story
Pierre Woman Wins On In-Flight Game Show

10/17/2014 12:10 PM

A South Dakotan is a winner on the Allegiant Airlines' first in-flight game show called "The Game Plane."  The reality show is film...

Full Story
SD Gas Prices Jump While Nation Approaches Four-Year Low

10/21/2014 11:00 AM

Gas prices have fallen to a nearly four-year low nationwide at an average of $3.09 a gallon.  AAA South Dakota says U.S. gas prices could drop to...

Full Story
Pop-Up Holiday Shop Coming to Downtown Sioux Falls

10/15/2014 11:45 AM

Unglued: Christmas Market, will open in the space formerly occupied by the Book Shop in the Carpenter Building on Phillips Avenue from Nov. 20 through...

Full Story


Events