STAMFORD, Conn.--(BUSINESS WIRE)--Organizations with more than $1 billion in revenue have reforecast their IT spending increase for 2007 to 2.8 percent, according to a new Gartner Consulting Worldwide IT Benchmark Report. These spending projections are down from research collected by Gartner during the first half of 2006. At that time, IT spending for 2007 was forecast to grow at 6 percent.
Fitch Ratings comments today in a special report that a combination of regulatory change, strong bank growth and a favourable market environment have resulted in substantially greater issuance of capital securities - hybrid instruments and subordinated debt - by emerging market ("EM") banks in 2006.
Wireless Telecommunications services competition is increasing. Smaller, standalone wireless providers are transferring licenses to larger, better capitalized and more experienced wireless providers. Resellers buy bulk wholesale service from facilities based carriers for resale. They provide another set of differentiated competitors in the marketplace.
The year 2006 was an inflection point. The slow-growth Master Data Management (MDM) market suddenly exploded with a year-to-year increase of over 30% from 2005 to 2006. For the next five years, the market will grow more quickly than it has in the past, and this segment is expected be one of the fastest emerging software markets.
U.S. employers are set to enter the new year with a steady hiring pace similar to the past two years, according to the seasonally adjusted results of the latest Manpower Employment Outlook Survey, conducted quarterly by Manpower Inc.
Frost & Sullivan awards Microsoft the Market Leadership Award for Business Intelligence for the year 2006. This award goes to the company that has exhibited market share leadership through the implementation of market strategy. Microsoft has displayed excellence in all areas of the market leadership process, including the identification of market challenges, drivers and restraints, as well as strategy development and methods of addressing market dynamics.
Jones Lang LaSalle's latest global real estate capital report - "Record Volumes, Record Globalisation", recorded global direct real estate investment of US$290 billion in the first half of 2006, up 30% on the same period in 2005. Of this total, Asia Pacific accounted for approximately 15% at US$43 billion, which is a 40% increase over the same period in 2005.
The 10 OPEC members bound by the cartel's output agreements produced an average 27.07 million barrels per day (b/d) in November, down 660,000 b/d from October, but still well above the group's new 26.3 million b/d output target, a Platts survey showed December 8.
The industry has grown with an increase in prices, sales, and profits. Since food and beverages is a major industry in the United States, it is less vulnerable to economic changes. The cosmopolitan culture in the country also greatly aids the growth of this industry.
