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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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Consumer-confidence index rises in July
WASHINGTON (MarketWatch)
Consumer confidence rose in July on improved expectations, the Conference Board reported Tuesday.
The nonprofit organization said its consumer-confidence index increased to 59.5 in July from a downwardly revised 57.6 in June.
Economists surveyed by MarketWatch had expected the July reading to decline to 55.3 on concerns about the debt ceiling.
Generally when the economy is growing at a good clip, confidence readings are at 90 and above.
The expectations barometer rose to 75.4 in July from 71.6 in June, while the present-situation gauge fell to 35.7 from 36.6.
"Overall, consumers remain apprehensive about the future, but some of the concern expressed last month has abated," said Lynn Franco, director of the Conference Board's consumer research center, in a statement.
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WASHINGTON (MarketWatch) - Sales of new single-family homes fell 1.0% in June to an annual rate of 312,000, as purchases in the Northeast dropped to the lowest level on record, the Commerce Department reported Tuesday. Economists surveyed by MarketWatch had expected single-family home sales to increase to an annual rate of 325,000 on a seasonally adjusted basis. Sales for May were revised slightly lower to an annual rate of 315,000. The median sales price jumped 5.8% to $235,000 last month from $222,400 in May. At the current sales pace, there was a 6.3 months supply of new homes. The number of newly completed homes on the market at the end of June, meanwhile, fell to a record low of 164,000
SAN FRANCISCO (MarketWatch) - Amazon.com reported a decline in earnings for the second quarter despite strong revenue growth, as operating expenses jumped from the company's continued investments in its infrastructure and development of new products. For the quarter ended June 30, Amazon /quotes/zigman/63011/quotes/nls/amzn AMZN +6.30% reported net income of $191 million, or 41 cents a share, compared with net income of $207 million, or 45 cents a share, for the same period last year. Revenue jumped 51% to $9.91 billion. Analysts were expecting earnings of 35 cents a share on revenue of $9.37 billion for the period, according to consensus estimates from Thomson Reuters. Amazon said it expects revenue to come in the range of $10.3 billion to $11.1 billion for the third quarter. Analysts had been expecting revenue of $10.35 billion for the period.
SAN FRANCISCO (MarketWatch)-- Dunkin' Brands Group priced its initial public offering at $19 a share, above its proposed range of $16 to $18 a share. Dunkin', owner of Dunkin' Donuts and the Baskin-Robbins ice-cream chain, is selling 22.3 million shares in an effort to raise $424 million, according to Scott Sweet of IPO Boutique. The stock will begin trading Wednesday on Nasdaq, under the ticker "DNKN." Dunkin' plans to use the proceeds to repay debt.
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