Monday, October 06, 2008

Quick Overview

  • Germanys Merkel announced that all private deposits in German banks would from now on be guaranteed.

  • The USDA said:
    14% of the corn crop was harvested, down from the five-year average of 30%.
    31% of the soybean crop was harvested, down from the five-year average of 41%.
    16% of the cotton crop was harvested, down from the five-year average of 24%.
    59% of the winter wheat crop was planted.

  • Bank of America announced a dividend cut and a plan to sell $10 billion in stock to raise capital.

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