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.


82° 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!

 

Thursday Evening Business Brief

January 17, 2013, 5:27 PM

Thursday Evening Business Brief

Investors appear more optimistic about the U.S. economy following strong reports on housing starts and unemployment claims. Stocks closed up today, pushing the S&P 500 to another five-year high. The S&P gained 8 points to close at 1,480, its highest level since December 2007. The Dow also rose, gaining nearly 85 points to 13,596. The Nasdaq composite rose 18.

  • The price of oil has risen to a four-month high on positive reports about the U.S. economy. Benchmark oil gained $1.25 today to finish at $95.49 a barrel, the highest close for crude on the New York Mercantile Exchange since Sept. 17. Oil has now gained 4 percent this year.
  • An Associated Press-GfK poll says most Americans think jarring economic problems would erupt if lawmakers don't increase the government's debt limit. Fifty-three percent say if the debt limit is not extended and the U.S. defaults, there will be a major economic crisis. But the survey also shows that people are torn over how or even whether to raise it. They lean slightly toward Republican demands that any boost be accompanied by federal spending cuts.
  • American Express says its net income fell 47 percent in the fourth quarter, as the credit card issuer racked up hefty charges related to restructuring costs and other one-time expenses. The New York-based company says it posted net income of $637 million, or 56 cents per share. Excluding roughly $594 million in after-tax charges, earnings amounted to $1.09 per share.
  • Rihanna's collection for British brand River Island is slated for its debut next month during London Fashion Week. The 24-year-old's first collection of clothing and accessories will be shown Feb. 16. Items will be available in River Island stores in Great Britain, and in the United States and Japan at an Opening Ceremony starting on March 5.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Deciding When To Collect Social Security

7/22/2014 10:10 PM

78 million Baby Boomers are retiring or preparing to retire.  The question they all face is when to draw their Social Security benefits. 

Full Story | Watch
Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story


Events