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.


73° 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




Sponsored
 

View business

You may also like

Flights Cut/Airfares Rise Out of Sioux Falls

5/26/2015 10:10 PM

Just last summer, KELOLAND News reported that more people were flying Frontier. The discount airline had daily flights to Denver that were more than 9...

Full Story | Watch
Women's Clothier Torrid Coming To Empire Mall

5/26/2015 1:35 PM

Construction is scheduled to begin in July, and the store plans to open in early fall. 

Full Story
Sioux Falls Named Third Most Livable City For People Over 50

5/21/2015 2:30 PM

AARP cites Sioux Falls' 25-mile walking and biking trail that loops the entire city, offering views of the historic core, as one of the reaso...

Full Story
New Retail Planned For 85th And Louise Avenue

5/22/2015 1:15 PM

Kevin Nyberg is planning a 22,000- to 25,000-square-foot Ace store at the intersection, but the project could be a few years off due to the recent exp...

Full Story
Warning: Phone Scams Making The Rounds

5/22/2015 1:15 PM

The Pennington County Sheriff's Office is issuing an alert about a phone scam involving jury duty.

Full Story


Events