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.


66° 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!

 

Tuesday Afternoon Business Brief

January 15, 2013, 1:23 PM

Tuesday Afternoon Business Brief
  • Stocks are lower on Wall Street amid rising tensions over increasing the country's borrowing limit. Treasury Secretary Timothy Geithner told congressional leaders in a letter late yesterday that the U.S. government will reach its borrowing limit as soon as mid-February, earlier than expected. And Fitch Ratings is warning that the United States could lose its top credit rating if there's a delay in raising the debt ceiling.
  • Facebook CEO Mark Zuckerberg has unveiled a new search feature called "graph search," which lets users search their social connections for information about people, interests, photos and places. Facebook users will now be able to look for people who live in a specific city and share a specific interest. But to protect privacy, they'll only have access to content that has been shared with them.
  • The National Retail Federation says holiday sales rose 3 percent. That's below the trade group's forecast of a 4.1 percent gain. Non-store sales, including includes online sales, rose 11 percent. The season was marked by heavy discounting in its final days as stores tried to unload excess goods after shoppers held back on spending.
  • U.S. home prices continue to recover from the housing bust. Private data provider CoreLogic says home prices rose 7.4 percent in November compared with a year ago, the biggest year-over-year increase in 6½ years.
  • Fiat, Chrysler and a Chinese automaker have signed an agreement to expand manufacturing in China. The companies say the next step for their joint venture is to build Jeeps in China for the Chinese market. The agreement was signed at Chrysler headquarters in suburban Detroit.

Read more business stories on the Back To Business page.

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
PREMIER Bankcard Lawsuit Comes Down To Link

8/22/2014 10:00 PM

$5 million: that's the price tag on a lawsuit filed by a South Dakota credit card company, First PREMIER/PREMIER Bankcard against a credit card co...

Full Story | Watch
Single-Screen Theater Closed After Four Decades

8/23/2014 12:33 PM

A single-screen movie theater in Vermillion has closed after serving the area for more than four decades.

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