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Gold on Track for Biggest Weekly Loss Since June

Trader in the Nymex pit
Gold prices pared losses in choppy trade on Friday but were still on track for their biggest weekly loss since June as some investors cashed in gains after losing confidence in the metal's ability to build on this week's record highs.

Prince Charles Warns of ‘Sixth Extinction Event,’ Asks People to Cut Down on Consumption

Prince Charles
Speaking at the Worldwide Wildlife Fund (WWF), U.K., Prince Charles warned that the world is already on the verge of a sixth extinction event since humans are not willing to cut down on their consumption. He joked that being an endangered species himself he feel connected to the work of WWF. Prince of Wales was delivering his first speech as the new President of WWF-UK.
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An artist's conception shows the Upper Atmosphere Research Satellite in orbit.

Defunct NASA Satellite may Rain Debris on Earth

Almost six years after ceasing operations, NASA's Upper Atmosphere Research Satellite (UARS), a seven-ton research satellite, is set to re-enter Earth's atmosphere in late September or early October 2011.
France's Finance and Economy Minister Francois Baroin

Economic Gloom Piles Pressure on G7 Finance Talks

G7 finance chiefs meet on Friday under heavy pressure to take action over flagging growth in rich nations and calm the biggest confidence crisis to hit the global economy since the 2007-09 credit crunch.
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BoE keeps rates steady, more QE still possible

Britain's central bank left interest rates at a record low 0.5 percent for the 30th straight month on Thursday, leaving open the possibility that it may restart its quantitative easing program should the economy weaken further.
Global Competitiveness Index

U.S. Tumbles to 5th in Global Competitiveness Ranking

The Global Competitiveness Index (GCI) published by the World Economic Forum, which ranks the world's most competitive economies, has pushed the U.S. down the list to a No. 5 spot. Escalating government debts and declining faith of the public in its administration were cited as the critical factors that contributed to the plunge of the country which was No. 1 in 2008 and No. 4 last year.
Anonymous Hackers Target BART

Four LulzSec, Anonymous Hackers Released on Bail in UK

Peter David Gibson, 22, Ashley Rhodes, 26, Christopher Weatherhead, 20, and a 17-year-old student - were released on bail after the hearing at Westminster magistrates court on Wednesday morning, according to British media.
Electronic Smoking On Board

Two PIA Planes Grounded after Bomb Threats

Two Pakistan International Airlines flights (one bound for Kuala Lumpur and one for Manchester, England) were grounded after the airline received separate bomb threats.
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Sulake names Disney exec CEO in social gaming push

Finnish Internet company Sulake said it was naming Paul LaFontaine as its new chief executive in a move aimed at shifting the company known for its teen networking site Habbo Hotel more toward social gaming.

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