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.


76° 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!

 

Most Popular Today


Thursday Evening Business Brief

December 27, 2012, 5:10 PM

Thursday Evening Business Brief

The House will be back in session Sunday evening as the "fiscal cliff" looms, threatening across-the-board tax increases and spending cuts with the new year. It is unclear what legislation the House might consider on Sunday, since Speaker John Boehner is publicly insisting that the Senate make the next move.

  • The "fiscal cliff" took the stock market on a roller coaster. Small developments in the tense budget standoff yanked stocks back and forth throughout the day. The Dow finished down 18.28 points to 13,096.31. The Standard & Poor's 500 index fell 1.73 to 1,418.10. The Nasdaq composite index lost 4.25 to 2,985.91.
  • The price of crude fell slightly Thursday following a reported drop in consumer confidence and growing pessimism that political leaders in Washington can reach a budget deal. U.S. benchmark crude fell 11 cents to finish at $90.87 a barrel in New York.
  • Gold prices edged higher after Senate Majority Leader Harry Reid said that it appeared the government would miss the deadline for avoiding the "fiscal cliff." A commodities analyst at HSBC says the lawmaker's comments boosted demand for the metal as a safe haven.
  • A New York hedge fund founder serving the longest prison term ever given for insider trading also will be writing the government a big check. Court documents show Raj Rajaratnam (rahj rah-juh-RUHT'-nuhm) will pay nearly $1.45 million to settle a civil case brought by the Securities and Exchange Commission. A federal judge approved the deal.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Former Sioux Falls Executive Investigated For Animal Abuse

8/28/2014 4:15 PM

A former Hot Stuff/Orion Foods President is being investigated for dog abuse in Canada.

Full Story
Westward Ho Country Club Changes Name

8/28/2014 12:56 PM

The Westward Ho Country club in Sioux Falls is changing its name to The Country Club of Sioux Falls.  Members were notified of the change on Thur...

Full Story
Cattle Spooked By LifeLight Noise

8/30/2014 3:58 PM

Farmers say the annual music event is louder this year, and it's causing some problems with their cattle.

Full Story
Sanford And First PREMIER Bank Hosting Concert For Employees

8/29/2014 11:30 AM

Employees from two Sioux Falls employers have an opportunity to see a private concert with two country headliners at the Denny Sanford PREMIER Center.

Full Story
Car vs Bus Crash Injures Two Teens

8/26/2014 6:00 PM

Two Iowa teenagers are hospitalized after colliding with a school bus early Tuesday morning.  It happened just east of Inwood on 240th Street at ...

Full Story | Watch


Events