News In Brief
Internet-related US businesses are expected to generate more than $507 billion in revenues this year, the Austin-based Center for Research on Electronic Commerce at the University of Texas in said in a new study. The Internet businesses, whose revenues were measured at $301 billion last year, also directly account for 2.3 million jobs, according to the report.Skip to next paragraph
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Orders for costly US durable goods fell in September for the first time in five months , the Commerce Department said. Dragged lower by weak demand for new cars and aircraft, the value of new orders dropped 1.3 percent to a seasonally adjusted $204.9 billion. That was more than the 0.4 percent drop expected by Wall Street economists - and the first dip since a 2.4 percent contraction in April.
Late-arriving data have pushed up the estimate of financial losses from Taiwan's Sept. 21 earthquake to $14.1 billion, the government said. Two weeks ago, in its last previous report, the Directorate of Budget, Accounting, and Statistics put the loss at $9.2 billion. The 7.6-magnitude quake is blamed for 2,474 deaths, 11,000 injuries, and for leaving 310,000 people homeless or otherwise seriously affected.
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