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.


67° 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!

 

Saturday Midday Business Brief

December 29, 2012, 12:29 PM

Saturday Midday Business Brief
  • Stocks fell for a fifth day Friday on concern that Washington lawmakers will fail to reach a budget deal before a year-end deadline. The five-day losing streak for the Dow Jones industrial average was the longest since July. The Dow lost 158 points to close at 12,938 Friday. The Standard & Poor 500 index fell 15 points and the Nasdaq dropped 25 points.
  • The price of oil fell slightly on Friday, as the stock market drifted lower and efforts continued in Washington to strike a deal to avoid the "fiscal cliff." U.S. benchmark crude fell 7 cents to finish at $90.80 a barrel. Traders are also weighing rising energy supplies. The Energy Department says crude supplies fell last week but were still 13 percent above year-ago levels.
  • A deal has been struck that for now averts a strike by longshoremen at major ports on the East Coast and Gulf of Mexico. A federal mediator announced Friday that an expired contract for 14,500 union workers would be extended until early February while negotiations continue. The mediator says there have been major steps forward toward resolving the dispute.
  • A plaintiffs' attorney says a federal judge in California has given preliminary approval to a $1 billion-plus settlement with Toyota in cases involving unintended acceleration problems in its vehicles. Attorney Steve Berman says the judge gave swift initial approval Friday. The judge will hold a fairness hearing on June 13 and consider granting final approval to the deal.
  • Netflix CEO Reed Hastings' pay will double to $4 million next year, after he took a pay cut due to management missteps this year. According to a securities filing on Friday

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
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
Napa Winery With SF Ties Recovers From Earthquake Damage

8/24/2014 6:35 PM

A Napa Valley winery with Sioux Falls ties received damage from the largest earthquake to hit the bay area in 25 years.

Full Story


Events