Wednesday, November 02, 2005

Quick Overview

  • Early next year, Cargill will build the largest U.S. sugar refinery in Louisiana with the ability to process 10% of the nation's sugar.

  • Norway's central bank increased its interest rate by a quarter-percent to 2.25.

  • Germany's unemployment rate improved from 11.2% to 11.0% in October with 4.556 million people out of work.

  • Time Warner Inc., the world's largest media company, reported an 80 percent increase in third-quarter earnings Wednesday and raised its stock repurchase program to $12.5 billion from $5 billion.

  • The U.S. Department of Energy said that:
    Crude oil supplies were up 2.7 million barrels to 319.1 million barrels
    Unleaded supplies were up 1.0 million barrels.
    Heating oil supplies were down 1.0 million barrels.

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