TODAYS TOP STORIES
Oil Climbs Over $99.00
NEW YORK (AP) -- The price of oil is rising Monday, adding to a big gain last week after the U.S. Federal Reserve announced new steps to boost the U.S. economy.
Benchmark crude gained 44 cents to $99.44 in early trading on the New York Mercantile Exchange. Oil ended 2.7 percent higher last week.
The Fed's plan, which includes keeping interest rates at extraordinarily low rates into 2015, gives investors the incentive to put their money into riskier assets like commodities. But the higher oil rises, the more analysts believe consumers will pull back on spending.
While higher oil prices tend to drive up prices at the pump, the end of the summer driving season means demand should drop.
The national average for gasoline Monday is $3.862, down slightly from Friday.
Posted: Monday, September 17 2012, 10:50 AM CDT
IN OKLAHOMA NEWS
Mock drill in SD riles Keystone pipeline opponents
May 24, 2013 15:48 GMT
HOT SPRING, S.D. (AP) -- An emergency drill in Hot Springs has outraged opponents of the Keystone XL pipeline and a proposed uranium mine in western South Dakota after it portrayed the groups as domestic terrorists.
The Hot Springs School District practiced a lockdown May 14 after pretending to receive a letter from a group promising destruction unless the projects were stopped.
The school district and county have been bombarded with emails and calls about the drill from people who felt it unfairly demonized opponents of Keystone XL and a proposed uranium mine near Edgemont.
Farmer Don Kelley tells the Rapid City Journal (http://bit.ly/12S5HBk) he and others want an apology.
Fall River County Emergency Manager Frank Maynard says the focus was on the drill itself, rather than the fabricated threat, and no insult was intended.
Information from: Rapid City Journal, http://www.rapidcityjournal.com
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From the FOX 25 First Forecast Center..It's Friday and the weather is looking good for the holiday weekend. We can't rule out isolated to random showers and storms from time to time but nothing organized. ...
Asia stocks extend losses after big sell-off
BANGKOK (AP) -- Asian stocks continued to retreat today after being routed the day before by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: RESTAURANT FLAP LEADS TO INTERNET MELTDOWN
SCOTTSDALE, Ariz. (AP) -- It isn't exactly to curry favor with your restaurant customers -- even if your specialty isn't curry.