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Household Saving Rate at 14.4% in the Euro Area and 10.9% in the EU27

added: 01-08-2007

Household saving rate at 14.4% in the euro area and 10.9% in the EU27. Business investment rate at 22.5% in the euro area and 22.0% in the EU27.

Positive Earnings and Economic News in US

added: 01-08-2007

After a strong start, US stocks tumbled on Tuesday as worries about the credit market resurfaced. American Home Mortgage Investment stocks for example, tumbled 90 per cent.

The Conference Board Consumer Confidence Index Climbs to a Six-Year High

added: 01-08-2007

The Conference Board Consumer Confidence Index, which had dipped in June, rebounded in July 2007. The Index now stands at 112.6 (1985=100), up from 105.3 in June. The Present Situation Index increased to 139.2 from 129.9 in June. The Expectations Index rose to 94.8 from 88.8.

When Trojans Go Phishing - 500,000 Users Already Infected

added: 01-08-2007

Finjan released a report detailing how new Crimeware (Crime Software) is being used to steal banking customer data from infected PCs. During July 2007, Finjan has identified 58 criminals using the MPack toolkit who have successfully infected over 500,000 unique users. The infection ratio stands at 16% from 3.1 million attempts - indicated by the web traffic volumes of the infecting sites. Finjan's analysis indicates that the crimeware being used within MPack steals bank account information, such as user name, password, credit card number, social security number etc., in a creative way.

U.S. Venture Firms Raise Just $3.23 Billion in Second Quarter 2007

added: 01-08-2007

U.S. venture capital firms raised $3.23 billion in the second quarter of 2007, a 62% drop from the same period last year and the biggest decline since 2002, according to Dow Jones VentureOne, the publisher of VentureSource. The quarter saw 15 venture capital funds raised, compared to 25 a year ago, and was the lowest quarterly fund total since the first quarter of 2003.

E-Commerce Climbs 23 Percent in Q2

added: 01-08-2007

comScore released a report on U.S. e-commerce spending for the second quarter of 2007, which showed that non-travel (retail) e-commerce grew 23 percent versus year ago to $27.2 billion, while online travel spending increased 14 percent to $20.3 billion. Total U.S. e-commerce spending climbed 19 percent to $47.5 billion during the period.

US Employment Cost Index in June

added: 01-08-2007

Total compensation costs for civilian workers increased 0.9 percent from March to June 2007, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This was about the same as the 0.8 percent increase for the December 2006 to March 2007 period. Wages and salaries rose 0.8 percent from March to June 2007, compared with 1.1 percent for the previous quarter. Benefit costs increased 1.3 percent, up from 0.1 percent during the previous three-month period.

PRC, India Lagging in Economic Well Being, Living Standards

added: 01-08-2007

The People’s Republic of China (PRC) and India - the two economic powerhouses in developing Asia and the Pacific - are lagging in terms of economic well-being and living standards of their population, a new study undertaken by the Asian Development Bank (ADB) shows.

U.S. Middle Market Companies Confident about Business Growth in Year Ahead Despite Concerns about Slowing Economy

added: 01-08-2007

Sixty-four percent of U.S. middle market companies, with revenues between $25 million and $1 billion, are predicting growth over the next 12 months, even though nearly 60% believe the U.S. economy will slow down, according to a new study from the Economist Intelligence Unit and CIT Group Inc. Respondents also indicated that a “shortage of talented staff” and high “labor costs” were the top two challenges to achieving this growth.

Annual Inflation in the OECD Area Remained Stable at 2.2% in June 2007

added: 01-08-2007

Consumer prices in the OECD area rose by 2.2% in the year to June 2007, unchanged compared with the year to May 2007. On a monthly basis, the price level rose by 0.1% in June 2007 after a 0.4% increase between April and May 2007.

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