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.


78° 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!

 

Friday Morning Business Brief

December 28, 2012, 6:51 AM

Friday Morning Business Brief
  • Wall Street may have felt like it was looking over the "fiscal cliff." Developments in the tense budget standoff yanked stocks back and forth on Thursday. The Dow finished the day down 18 points. The S&P 500 fell 1.73 and the Nasdaq composite index dropped 4.25. With a deadline looming, President Barack Obama will meet today with congressional leaders at the White House. Futures trading suggests gains this morning.
  • Asian stock markets rose today but European stocks were mixed hours before President Barack Obama and key lawmakers were to meet at the White House to try to hammer out an 11th-hour budget compromise to avert the so-called fiscal cliff. Benchmark crude oil rose above $91 per barrel. The dollar gained against the euro and the yen.
  • The National Association of Realtors releases its index measuring the number of Americans who signed contracts to buy homes in November. The month before, the pending home sales index rose to nearly its highest level in almost six years.
  • Commerce could be brought to a near standstill at major ports from Boston to Houston if more than 14,000 longshoremen go on strike as threatened Sunday. Shipments of products as varied as flat-screen TVs, sneakers and snow shovels could sit idle at sea or get rerouted, at great time and expense. The wide-ranging work stoppage would immediately close cargo ports on the East Coast and the Gulf of Mexico to container ships.
  • Government data show Japan's industrial output fell in November, and consumer prices continued to decline in the latest show of a dismal economy. The Ministry of Economy, Trade and Industry reported Friday industrial production dropped 1.7 percent from the previous year.

Find more business stories on the Back To Business page.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Allegiant Air Pilot Pleads With Tower To Make Emergency Landing

7/29/2015 1:58 PM

An Allegiant Airlines pilot declared a fuel emergency and had to land at a North Dakota airport even though the airport was closed for the Blue Angels...

Full Story
Lick The Spoon Closes East Side Location

7/29/2015 9:53 AM

Just a year after opening on East 10th Street and Bahnson Avenue in Sioux Falls, Lick The Spoon restaurant has closed its doors.  Angela Becker o...

Full Story
Filly Flair Set To Open Sioux Falls Store On Saturday

7/30/2015 5:18 PM

A successful online retailer is opening her first brick and mortar shop in Sioux Falls.

Full Story
Bass Pro Shops Turned Brandon Down

8/3/2015 4:00 PM

A Sioux Falls architect who is on Brandon's Planning and Zoning Committee brought a proposal to Bass Pro Shops to locate a store at the Brandon ex...

Full Story
Famous Wine Maker Planning Sioux Falls Development

7/29/2015 1:00 PM

Barber tells KELOLAND News while the plans still have yet to be finalized, they call for a couple of apartment buildings with eight to 12 units, as we...

Full Story


Events