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.

32° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options




[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Tuesday Evening Business Brief

January 22, 2013, 5:43 PM

Tuesday Evening Business Brief
  • Strong earnings reports from big U.S. companies helped push the Dow Jones industrial average to its eighth gain in nine sessions today. The Dow closed up 62.51 points, or 0.5 percent, at 13,712.21. The Standard & Poor's 500 index gained 6.53, or 0.4 percent, to 1,492.51. The Nasdaq composite average rose 8.47, or 0.3 percent, to 3,143.18. Benchmark crude oil rose to surpass $96.
  • The Obama administration says it won't oppose a House Republican proposal to increase the nation's $16.4 trillion borrowing authority for only three months. Obama last week decried such short-term measures as harmful to the economy. But a statement today says the administration is encouraged because Republicans backed off their insistence of one dollar of spending cuts for every dollar of increase.
  • U.S. sales of previously occupied homes dipped in December from November, in part because of a limited supply of available homes. But for all of 2012, sales rose to their highest level in five years. The National Association of Realtors says sales declined in December to an annual rate of 4.94 million. That's down from a rate of 4.99 million in November. Total sales last year increased to 4.65 million.
  • IBM and Google are among today's earnings reporters. IBM says its fourth-quarter earnings grew 6 percent even as revenue was largely flat. Revenue slid to was $29.3 billion from $29.49 billion. Analysts polled by FactSet had expected revenue of $29.12 billion. Meanwhile, Google says its fourth-quarter earnings rose 7 percent as online advertisers spent more money in pursuit of holiday shoppers. The results are slightly above analyst estimates. Revenue surged 36 percent from the previous year to $14.4 billion.
  • Ask for a "Bud" in the European Union and the only one you'll get from now on is the one from brewing giant AB InBev. That's following a ruling Tuesday by an EU high court rejecting a challenge from the Czech company Budvar. It's the latest round in a century-long fight between giant AB InBev and Budvar. The smaller Czech company says it's considering an appeal. It's won 88 of 124 disputes between 2000 and 2011.

Find more business stories on the Back To Business page.

Previous Story

Next Story



View business

You may also like

Great Western Bank Buys Home Federal For $140M

11/30/2015 3:37 PM

The combined companies are projected to have $11.3 billion in assets, $8.5 billion in loans and $8.6 billion in deposits.

Full Story
Bison Ranch Owner By Turner Gets Permit For Feedlot Addition

11/25/2015 1:35 PM

Stanley County commissioners have approved a feedlot at a bison ranch owned by media mogul Ted Turner.

Full Story
Cyber Monday Sales Bring Down Target Website

11/30/2015 10:03 AM

Target’s website went down during Cyber Monday shopping Monday morning.

Full Story
Proposed Ethanol Plant Getting $250,000 Government Grant

11/30/2015 10:23 AM

Ringneck Energy hopes to start construction next spring and have the plant operating in a year.

Full Story
Zuckerberg Is A Dad, And He's Giving Away Most Of His Money

12/1/2015 4:04 PM

Facebook CEO Mark Zuckerberg and his wife announced the birth of their daughter Max as well as plans to donate most of their wealth, or roughly $45 bi...

Full Story