Paul Dumais is currently vice president of product development at Idokorro Mobile, the leader in mobile network administration software. Paul is the creative and technical force behind Idokorro's products, Mobile Admin and Mobile SSH. Prior to Idokorro, Paul created a world-class bug tracking software that was acquired by MKS Inc and branded Change Integrity. Paul has also held positions as a Java developer at Sun and Corel.
Crude prices rose on Thursday as U.S. economic data came in positive and continuing unrest in the Middle East caused supplies fears. Market sentiment was boosted after the Commerce Department said U.S. gross domestic product expanded at a 2.7 percent annual rate, much faster than 2.0 percent it estimated last month. It was the quickest quarterly growth rate since the fourth quarter of 2011, helped by faster inventory accumulation and export growth, which offset weak consumer spending and a drop in business investment. Meanwhile, a report from the Labor Department added to the upbeat tone. The report showed U.S. initial jobless claims declined 23,000 in the week ended Nov. 24 to 393,000, as effect of Hurricane Sandy faded. Pending home sales climbed 5.2 percent in October, surging to its highest level in more than five years, according to the National Association of Realtors. Traders were closely watching the situation in the Middle East, in particular the viole...
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