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.


54° 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!

 

Monday Morning Business Brief

January 7, 2013, 6:03 AM

Monday Morning Business Brief

Investors are hoping the stock market extends the rally that began last week. The S&P 500 rose seven points on Friday, closing at 1,466, its highest level in five years. The Dow Jones industrial average finished 44 points higher. The Nasdaq rose one point. ZFutures trading suggests a lower opening today.

  • International stock markets cooled off today as some investors sold shares to lock in profits following recent rallies. One strategist says it appears markets are entering a consolidation phase after recent gains. Benchmark oil has fallen below $93 per barrel. The dollar gained against the euro but fell against the yen.
  • International banking regulators have agreed on rules meant to ensure banks keep enough cash in hand to survive future market crises. The body that oversees the Basel Committee on Banking Supervision, which sets international rules, says the so-called "liquidity coverage ratio" will be phased in from the beginning of 2015 and take full effect four years later.
  • HBO is renewing its deal with Universal Pictures to be the exclusive pay-TV provider of the studio's movies for another decade. Financial terms of the agreement are not being disclosed.  HBO, part of Time Warner, and Universal Pictures, part of Comcast, have had an agreement in place since 2003. It includes movies produced by Universal and its specialty films unit, Focus Features.
  • There's controversy and fascination over the visit to North Korea of Google's executive chairman. Eric Schmidt arrived today in a country considered to have the world's most restrictive Internet policies. Washington has criticized the trip as not "helpful."

You can find more business news on the Back to Business page of KELOLAND.com.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Lick The Spoon Expands Pot Pie Business

4/14/2015 3:00 PM

Lick The Spoon is expanding its pot pie business.  

Full Story
Dozens Of Park Positions To Fill Yet

4/15/2015 5:00 PM

Every summer, the city of Sioux Falls hires hundreds of people for seasonal jobs within the park system

Full Story | Watch
SD Driver License Stations Accept Plastic

4/16/2015 11:45 AM

You no longer need to stop by a cash machine before renewing your driver license.  All South Dakota exam stations now accept credit and debit car...

Full Story
First Dakota National Bank Buys Home Federal Branch in Pierre

4/15/2015 5:50 PM

First Dakota will assume deposits and loans associated with the branch and will acquire the branch facilities and equipment.

Full Story
Yankton-Based TruXedo Expanding, Adding Jobs

4/15/2015 1:14 PM

manufacturer of tonneau covers and other truck accessories is planning a 40,000-square-foot addition and adding 18 jobs, with the potential for more.

Full Story


Events