Markets

The the Institute for Supply Management said its factory index dropped to 57.7 in October from 59.8 in prior month.

Construction spending was flat in September, below the 0.1% gain expected.

Initial claims U.S. state unemployment benefits fell by 2,000 to 214,000 in the Oct. 27 week, slightly below expectations for a 215,000 level .

Under the mPower program, loans for energy retrofits are bundled into a revenue stream to back structured bonds sponsored by Placer Co., Calif. The program’s goal is in the spirit of energy efficiency and environmental sensitivity – a well-established policy in the state. Jenine Windeshausen, the county's Treasurer-Tax Collector and the county’s municipal advisor Kenneth Dieker of Del Rio Advisors review the program. John Hallacy is host.

The main measure of nonfarm business employee output per hour increased at a 2.2% annualized rate in the July-September period.

Detroit will issue $112 million of new money GO bonds and is also considering issuing refunding bonds in December.

Employers announced plans to cut 75,644 jobs in October, according to a report released Thursday from Challenger, Gray & Christmas.

S&P Global Ratings cut Build Illinois bonds after changing its criteria; the downgrade mirrors a Fitch Ratings action in May.

Adverse market conditions delayed the $1.3 billion deal from Chicago’s Sales Tax Securitization Corp.

Three areas are new additions to the work plan of the Tax Exempt and Government Entities Business Operating Division, IRS officials said.