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Gold Prices Rebound on Bargain Hunting

Gold prices began the final trading day of 2011 higher as bargain hunters took advantage of a recent downdraft that has left the metal with its first fourth-quarter loss in more than three years.
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Asian Stocks Edge up but Face Loss for Year

Asian stocks nudged higher and the euro clung to overnight gains Friday, the last trading day of 2011, as positive data from the United States helped allay concerns on the global economy, while year-end short covering lifted crude prices.
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Is that rental car safe to drive?

When you rent a car, there's a chance the vehicle has been recalled and, if it has been, that it hasn't yet been repaired. That's at the heart of a battle over whether the rental car industry should be required to fix cars before sending them out with customers.
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SEC chided again by judge in Citigroup fraud case

The U.S. Securities and Exchange Commission got a fresh dressing-down from the judge who rejected its $285 million settlement with Citigroup Inc, as he said the regulator kept him out of the loop on its efforts to salvage the case.
Customers wait at a Verizon Wireless store in Boca Raton, Florida February 10, 2011. REUTERS/Joe Skipper

Verizon 4G Network Loses Power Yet Again

Verizon may be the largest U.S. mobile broadband supplier, but a series of network outages throughout December have plenty of customers on edge, and it's the kind of thing many customers won't forget. After all, it was just this kind of coverage issue that drove so many people from AT&T over to Verizon a year ago as AT&T slipped to the number two spot among U.S. teleco's.
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Turkey acknowledges killing civilians in Iraq strike

Turkish warplanes killed 35 civilian smugglers in northern Iraq after mistaking them for Kurdish militants, Ankara's ruling party said on Thursday, promising not to allow a cover-up of an incident that threatens to wreck relations with minority Kurds.
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Analysis: Mosaic May Have Won Skirmish in Fertilizer Wars

Mosaic, a leading North American fertilizer producer, may have won the battle to arrest a plunge in phosphate prices ahead the region's spring planting season, but it still risks losing the war as overseas capacity surges in the coming years.
U.S. court revives Celestica shareholder lawsuit

U.S. court revives Celestica shareholder lawsuit

Celestica Inc was ordered by a U.S. appeals court to face a shareholder lawsuit accusing the Canadian electronics company of securities fraud for misleading investors about its financial health and restructuring costs.
Loonie flat but outperforms majors in thin trade

Loonie flat but outperforms majors in thin trade

The Canadian dollar was little changed against the U.S. dollar on Thursday morning but that meant it outperformed other major currencies as the greenback consolidated the sharp safe-haven gains it made in thin year-end trade in the previous session.
Caterpillar sets new pay terms; CAW not striking

CAW seeks strike OK at Caterpillar plant

The head of the Canadian Auto Workers union is looking for a green light from members to potentially strike Caterpillar over a contract dispute in London, Ontario.
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Egyptian Police Raid U.S.-Backed Pro-Democracy Groups

Egyptian prosecutors and police raided offices of 17 pro-democracy and human rights groups Thursday - including several funded by the United States - in what rights defenders described as a campaign against them by the military rulers.
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Deutsche Telekom in $95 million bribery settlement

German phone company Deutsche Telekom AG and a Hungarian unit will pay more than $95 million to settle U.S. criminal and civil probes into the bribery of government officials in Macedonia and Montenegro.
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Analysis: Pricing power evades insurers despite losses

Despite more than $100 billion in disaster losses around the world this year, insurers are not yet experiencing a broad and sustained increase in pricing power, defying predictions from a year ago that even half those losses would be enough to turn the industry around.

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