i'm tom hudson. >> susie: good night, tom. i'm susie gharib goodnight, everyone. we hope to see all of you again next week. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

orders pick up for customers that we have. >> tom: okay. >> and it's still very soft demand. >> tom: i want to look it your poile, because it tells the sorry of where first busey puts its money to work in its community. about 14% are commercial loans, 8% destruction, but 2/3 concentrated in residential mornls and commercial real estate mortgages. what kind of cth us that also finance their plant and equipment with us. it's still a very weak sector, but as i said i think we're and trying to attract customers and loan them money. obviously banks tighten -- >> tom: how are they doing that, by loosening credit standards? because can interest rates possibly go any lower in downste illinois, and there was some improvement in ton employment. so it sounds as though we're the insights, our guest this evening, van dukeman, c.e.o. of first busey. >> tom: for the last few months, we've been reporting on how the government is pressuring companies that commit health care fraud. regulators have already forced one firm to sell off a division accused of ripping off medicare. now they've kicked a drug

tom, everyone's talking about g.m. going public just a year after emerging from bankruptcy. >> tom: susie, the automaker priced its shares late this afternoon. $33 dollars each, higher than originally planned. g.m. will raise about $23 billion, combining common and preferred shares, making it the largest i.p.o. in u.s. history. and it'll trade under the ticker g-m, same as the old symbol. >> susie: but the company is "new." leaner-- only four brand names remain, cadillac, buick, chevy and g.m.c. downsized-- 25% fewer workers. new management-- dan akerson is the c.e.o., the fourth in two years. it's profitable-- $5 billion dollars so far this year, and expected to report its first full-year profit since 2004. >> susie: does it make sense to buy g.m. stock? joining us now, anant sundaram, professor of finance at dartmouth university's amos tuck school of business. anant, nice to have you back on the program. >> thank you for having me. great to be back. >> susie: now, you have studied i.p.o. valuations for years. when yo

>> tom: it's election day. investors and companies alike are waiting to hear which party will control the house of representatives. >> the question becomes do we have a deadlock and gridlock, which will not be viewed positively in terms of deficit reduction, or do people start to work together? >> susie: what today's outcome at the polls could mean for your portfolio, and a look at the rising cost of getting those votes. you're watching "nightly business report" for tuesday, november 2. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening, everybody, and thanks for joining us. as americans cast their votes in polling booths across the country, investors on wall street voted with their wallets, buying up stocks. susie, the major market indexes closed at six-month highs today. >> susie: tom, there's a lo

i'm tom hudson. good night everyone. you too, susie >> susie: good night tom. i'm susie gharib. we'll see all of you again tomorrow evening. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing is available in "nightly business report's" video "how wall street works". to order this dvd, call 1-800- play-pbs or visit online at shoppbs.org. >> be more.

i'm ramit sethi. >> tom: that's "nightly business report" for friday, november 26. i'm tom hudson. goodnight everyone and have a great weekend. we hope to see all of you again next week. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> be more. pbs.

tom, the f.b.i. raided three hedge fund firms as part of a larger investigation of trading practices on wall street. >> tom: susie, these are high- profile firms managing billions of dollars of investor portfolios. now two firms in connecticut were searched: diamondback capital management and level global investors. the other, loch capital management, is based in boston. the raids come on the heels of a weekend report in the "wall street journal" detailing an insider trading probe that could be bigger in size and scope of the recent galleon group case. according to that report, many hedge funds, consultants, investment bankers and mutual fund traders are being investigated. former s.e.c. enforcement director jacob frenkel says the case comes down to one question. >> are people trading with information of corporations that they are not entitled to have? that's insider trading. the other piece of this investigation is, are there experts out there who have such a high-level, superior knowledge that they

tom. >> tom: susie, given america's agricultural past, the first family firms in this country were farms. recently, one of the longest- running family farms-- the tuttle farm in dover, new hampshire-- was put up for sale. it's been in the family since 1632. lucy tuttle, a member of the 11th generation, says her children are interested in doing other things. but she says, for centuries, there was no question that someone in the family would take over the farm. >> and there was always somebody who wanted to continue because, you know, that's what you did. you all lived in one house and everybody did the work. and the youngest son-- or at least one of the sons-- would be there to carry on. i'm sure nobody ever said, "we are going to be here for 11 generations. isn't that cool?" >> susie: but while the tuttles are giving up on farming, some other farm families are determined to keep going. diane eastabrook reports on one that's planning to build up its business through a mix of innovation and teamwork. >> reporter: as morning breaks over wisconsin, crave brothers farm is well into its work d

i'm tom hudson. we hope to "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. the federal reserve said today it will buy $600 billion in government bonds. tom, it's a controversial strategy, but as the fed wrapped up a crucial two-day meeting, policymakers decided this is the way to boost economic activity. >> tom: susie, this strategy is called quantitative easing, and the fed did it once before, during the financial crisis. here's what it's proposing now: it'll buy $75 billion a month of longer term treasury bonds. this buying will continue for eight months, through june of next year. and the fed will regularly review the purchases, adjusting if necessary. >> susie: the central bank is also keeping its key interest rate at close to 0%. as erika miller reports, experts are divided over whether this move will fix the economy. >> reporter: traders were glued to their

tom, americans were opening up their wallets in october, giving a boost to retail sales. >> tom: susie, that report was surprisingly strong, and the nation's retailers are hoping this means a green christmas. the commerce department reported retail sales rose 1.2% in october, that follows a 0.7% increase in september. >> susie: today's results were the largest gain in seven months. as erika miller explains, that's welcome news for more than just the nation's merchants. >> reporter: when you think of retail sales, you probably think of shopping bags... and cash registers. but the big driver of retail sales in october doesn't have either. sales at auto dealerships posted their biggest gain since the last year's cash for clunkers program, up more than 5%. economist jonathan basile sees that as a particularly encouraging sign. >> that in and of itself is really a vote of confidence for consumer spending, because auto sales is one of the most credit- sensitive and discretionary items that there are. and that's a good sign for but industry experts are pleased that there have been four straig