Strong growth forecast for 2004 from NABE economists
U S forecasters predict 2004 GDP to rise 4.5 percent, fastest in 20 years, with unemployment easing to 5.8 percent. Productivity gains and tax cuts drive output, while job creation trails but remains above 1.3 million due to efficiency gains.
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Sung Won Sohn
Wells Fargo
Minneapolis
Stocks rise as dollar rebounds and markets rebound
The Nasdaq up 2.8 percent to 1,947.14 led gains as the Dow rose 119.26 to 9,747.79 and the S&P 500 advanced 16.80 to 1,052.08. Traders cited a firmer dollar and upcoming data as fueling a broad rebound after recent declines. The euro traded at 1.1770 and the dollar at 109.43 yen.
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Golden Pass LNG plan announced near Sabine Pass
Governor Rick Perry announced Golden Pass LNG LP plans for an LNG receiving terminal near Sabine Pass to create dozens of operational jobs and hundreds of construction and spin off roles. The project, affiliated with Exxon Mobil, is expected to cost $600 million and become operational in five to six years.
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Rick Perry
Chamber County
Lamont Meaux
Texas
Skyler Hearn
Golden Pass Lng LP
Sabine Pass
Exxon Mobil Corp
Crude Falls as OPEC Overproduction Report Surfaces
Crude oil futures slid over 5 percent on NYMEX after a Petrologistics report suggested OPEC exceeded its November output target by about 1 million barrels per day. Analysts noted weak compliance with cuts and mild autumn weather as contributing factors alongside terrorism worries. Brent and heating oil also declined while natural gas rose.
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IFR Pegasus
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Fimat USA Inc
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International Petroleum Exchange
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