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.


60° 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!

 

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 KELOLAND.com.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Yankton Teenager Files Discrimination Charges

9/24/2014 3:08 PM

With the help of the ACLU, a Yankton teenager has filed discrimination charges with the U.S. Equal Employment Opportunity Commission. 

Full Story
New Kind Of Pizza Restaurant In Sioux Falls

9/24/2014 10:55 AM

A build-your-own pizza restaurant is in the works in downtown Sioux Falls.  

Full Story
Jimmy John's Says Customers' Card Data Stolen

9/24/2014 4:00 PM

Jimmy John's sandwich chain said Wednesday that it believes customers' credit card data was stolen from 216 of its shops between June and Sept...

Full Story
Chicago Fire Rerouting Travelers In Sioux Falls

9/26/2014 11:25 AM

A fire in Chicago has grounded flights in Sioux Falls and across the country.

Full Story
Brookings Manufacturer Expands

9/26/2014 1:30 PM

Counterpart, Inc. of Brookings has completed a 30,000-square-foot expansion of its manufacturing plant.

Full Story


Events