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Survey finds modest economic growth in many regions

economic growth

WASHINGTON (AP) — The Federal Reserve said Wednesday that the economy grew at a modest pace in much of the country from April to mid-May, despite headwinds ranging from slower consumer spending to ongoing weakness in the manufacturing and the energy sectors. The Fed’s latest survey of business conditions found that half of its 12 regions described growth as modest, ...

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Burgum’s business background promises prosperity for North Dakota

Doug Burgum

Doug Burgum’s commitment to community is moving statewide. The Fargo-based entrepreneur and philanthropist is running for North Dakota governor and promises to create an environment that’s welcoming to business. One area he will focus on is the energy industry. “Growing up, I was told we were going to run out of oil,” Burgum said. “There was an oil crisis shortly ...

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Iowa Utilities Board to meet Wednesday on pipeline project

DES MOINES, Iowa (AP) — The Iowa Utilities Board has called a meeting for Wednesday to consider allowing construction to begin on an oil pipeline in areas outside federal jurisdiction. Houston-based Dakota Access LLC wants to begin digging the Iowa portion of a 1,150-mile pipeline from North Dakota to Illinois. Construction has begun in North Dakota, South Dakota and Illinois ...

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US stocks slide following late slump in oil prices

NEW YORK (AP) — U.S. stock indexes are falling Tuesday afternoon and energy companies are sliding with the price of oil. Makers of household products are trading lower following mixed reports about consumer behavior in the U.S. KEEPING SCORE: The Dow Jones industrial average dropped 101 points, or 0.6 percent, to 17,771 as of 3:34 p.m. Eastern time. The Standard ...

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Oil prices set for fourth-straight monthly gain

oi prices

The price of oil is on track to set its longest run of monthly gains in five years. Futures were up Tuesday morning in New York, paving the way for a fourth-straight monthly advance. Oil production has been disrupted in several different countries in recent months. Nigeria’s oil production is down 50 percent after a series of militant attacks. In ...

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Top Bakken news stories – May 14-27

It’s been an odd couple weeks for the Bakken. This highlight reel features an eclectic mix of justice, oil and saltwater spills, theft of oilfield explosives and the Williston Basin Petroleum Conference. Scroll down to see what you missed! 7. 105K gallons of saltwater-oil mixture spills in North Dakota MARMARTH, N.D. (AP) — A tank overflow has caused a spill of ...

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Work beginning on one of Minnesota’s largest solar projects

MINNEAPOLIS (AP) — Work starts this week on one of Minnesota’s largest solar projects. The 62-megawatt solar center being built in Lyon County will generate enough electricity to power about 15,000 homes. The facility on 355 acres near Marshall will be owned and operated by Marshall Solar, a subsidiary of NextEra Energy Resources in partnership with Xcel Energy. Xcel says ...

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