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Business Latest: ID theft rises

Someone in this country becomes a victim of identity theft every two seconds, according to a new study.
A customer prepares to sign a credit card slip at a Target store on Dec. 19, 2013 in Miami, Fla.
A customer prepares to sign a credit card slip at a Target store on Dec. 19, 2013 in Miami, Fla.

ID THEFT RISES AS CROOKS GET CREATIVE: Someone in this country becomes a victim of identity theft every two seconds, according to a new study. Read more

NOT-SO-ROSY JOBS OUTLOOK: Economist David Rosenberg spoke to Congress this week, and while otherwise bullish, deserved a stern warning about the dangers facing the U.S. jobs market if production does not improve and companies don’t start investing in their businesses instead of just rewarding shareholders. Read more

OLYMPICS: RUSSIAN ANNOUNCERS, RUSSIAN CHEERLEADERS: In Russia, TV announcers don’t hesitate to show blatantly favoritism—in a big way. The Summer Games featured live Russian telecasters pulling for US female Olympians to fall down during their routines and viciously attacked their looks, for example. Read more

STOCKS RALLY AS GROWTH WORRIES FADE; DOW POSTS BEST DAY OF THE YEAR: Read more