User uShare 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



Share your Photos, Videos, and Stories on uShare! Click here to get started.


[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Friday Morning Business Brief

January 18, 2013, 5:40 AM

Friday Morning Business Brief

Investors are hoping Wall Street can close out the trading week on a high note. Yesterday, stocks closed up, pushing the S&P 500 to another five-year high. The index gained 8 points to close at 1,480, its highest level since December 2007. The Dow also rose, gaining nearly 85 points and the Nasdaq composite rose 18. Futures trading signals more gains at this mornings opening.

  • International stock markets rose today after signs that the U.S. economic recovery is gaining traction and a rebound in China's growth emboldened investors to plunge back into equities. Benchmark crude oil slipped but remains above $95 a barrel. The dollar gained against the euro and was mostly steady against the yen.
  • Two important bellwether companies report quarterly financial results today: General Electric and Morgan Stanley. GE is a giant Fairfield, Conn.,-based manufacturer with a strong financial services component. Morgan Stanley is a large financial services company based in New York.
  • China's economy rebounded in the final quarter of 2012 amid warnings the recovery could be vulnerable to a possible downturn in global trade. Data shows growth rose to 7.9 percent in the three months ending in December. Meanwhile, the mastermind behind the monetary policies of Japan's new prime minister is welcoming the recovering stock market and the weakening yen. Koichi Hamada, professor emeritus at Yale University, says the dollar can rise as high as 110 yen before excessive inflation kicks in.
  • Toyota says it has settled the first of hundreds of wrongful death lawsuits involving problems of sudden, unintended acceleration by its vehicles. The company reached the agreement in the case brought by the family of a couple who were killed when their Camry slammed into a wall in Utah in 2010. Last month, Toyota agreed to a settlement worth more than $1 billion to resolve hundreds of lawsuits claiming economic losses suffered by Toyota owners.

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

Previous Story

Next Story



View business

You may also like

State's Termination Letter To Educational Cooperative

9/28/2015 11:59 AM

The letter, signed by Deptartment of Education Secretary Melody Schopp, lists eight reasons for the decision not to continue to steer federal grant mo...

Full Story
Melmer Answers Questions About GEAR UP Work

9/28/2015 6:05 PM

Mid Central got $16.5 million in federal money through the state in the last ten years to administer the GEAR UP program to encourage Native American ...

Full Story | Watch
Stacy Phelps Resigns From Board of Education

10/2/2015 3:14 PM

Phelps administered the GEAR UP program which prepared and encouraged Native American students to enroll into higher educaton.

Full Story
Sioux Falls Floral Shop Fills Special Order For Elton John

10/1/2015 4:48 PM

Sir Elton John will be surrounded by beautiful flowers during his stop in Sioux Falls.

Full Story
Following The GEAR UP Grant Money

9/29/2015 6:10 PM

Mid Central Educational Cooperative dispersed the grant money since 2005 to two organizations to run the GEAR UP program, under business manager Scott...

Full Story | Watch