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.


74° 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 Afternoon Business Brief

December 28, 2012, 1:45 PM

Friday Afternoon Business Brief
  • Stocks are lower for a fifth day amid concerns that Washington lawmakers will fail to reach a budget deal before a year-end deadline. If the market ends lower, it will mark the longest losing streak in three months.
  • President Barack Obama is preparing to present a limited fiscal proposal to congressional leaders at a White House meeting later this afternoon. It's a make-or-break moment for negotiations to avoid across-the-board tax increases and deep spending cuts at the first of the year. Lawmakers and White House officials are holding out a slim hope for a deal before the New Year, but it's unclear whether congressional passage of legislation palatable to both sides is even possible.
  • A mediator says the union for longshoremen along the East Coast and Gulf of Mexico has agreed to extend its contract for 30 days, averting a possible strike which could have crippled operations at several ports. Those ports handle about 40 percent of all U.S. container cargo. The mediator says negotiations will continue until at least midnight Jan. 28.
  • U.S. pending home sales rose last month to its highest level in two and a-half years. With ultra-low mortgage rates and steady job gains, home sales are on track to rise 10 percent this year to their highest level in five years.
  • Spain's prime minister says the country's economy faces a tough year ahead as it grapples with recession, a deep financial crisis and 25 percent unemployment. In his end-of-year assessment Friday, Mariano Rajoy said the country's crisis had been worse than anticipated, warning that the first half of 2013 will be "very hard" with any recovery not expected until the latter part of the year.

Read more business stories on the Back to Business page.

Previous Story

Next Story




Sponsored

 


View business

You may also like

New Brewery Opens In Downtown Sioux Falls

9/3/2015 2:30 PM

WoodGrain Brewing Company opens Thursday on the main floor of the DocuTAP building on Phillips Avenue.  

Full Story
Caribou Coffee To Move Down The Street

9/3/2015 1:00 PM

The new location will replace a former Burger King near Minnesota Avenue and 33rd Street.

Full Story
McDonald's Will Launch All Day Breakfast On Oct. 6

9/1/2015 5:08 PM

If you're one of those people who hates missing the end of breakfast hours at McDonald's, hang on just a little longer: the chain says its bre...

Full Story
South Dakota Farmer Named Treasurer Of World Soy Initiative

8/30/2015 11:20 AM

A soybean farmer from northeastern South Dakota has been picked to help develop U.S. soy in foreign markets by the American Soybean Association.

Full Story
Residents Petition To Keep Highway 50 Passing Lanes

8/29/2015 11:11 AM

More than 500 people in the Bon Homme County area have signed a petition to keep five four-lane passing sections on state Highway 50 between Avon and ...

Full Story


Events