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Why Southern Black Voters Will Support Herman Cain

Republican presidential candidate Herman Cain believes he can win the support of many Southern black voters. Don't believe for a minute that he can't.

China manufacturing eases for 3rd month, prices up

China's manufacturing sector contracted for a third consecutive month in September, suggesting that the world's second-largest economy is not immune to global headwinds, while factory inflation quickened.

Herman Cain Says Segments of African-American Community 'Brainwashed' to Vote Democratic

During an interview that aired on CNN's The Situation Room Wednesday night, GOP presidential candidate Herman Cain made the suggestion that members of the African American community, might, maybe, have been brainwashed into not being open-minded, not even considering a conservative point of view.

Gold Price Tug-o-War: Buying in the East vs. Selling in the West

Gold prices gained steadily if modestly Friday as demand from India and bargain hunting offset a resumption of investor flight to dollar liquidity.

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Russia's Polymetal Aims for Premium Listing on LSE

Russian precious metals miner Polymetal is seeking a premium listing on the London Stock Exchange, raising about $500 million in a move it hopes will catapult it into the FTSE 100 bluechip index and hand it currency for acquisitions.

European shares set to mark worst quarter since 2008

World stocks fell on Friday with European shares on track to mark their biggest quarterly loss since the collapse of Lehman Bros three years ago as European economic readings compounded pessimism over global growth.

European shares extend losses on slowdown fears

European shares extended losses on Friday as investor fears for a global economic slowdown mounted.

Bank of America to charge debit card use fee

Bank of America Corp plans to charge customers who use their debit cards to make purchases a $5 monthly fee beginning early next year, joining other banks scrambling for new sources of revenue.

Japan fires fresh salvo on yen as economic upswing tails off

Japan said on Friday it will boost its currency intervention fund and keep watching dealers' trading positions in yet another effort to tame the yen in the face of growing evidence that its strength is stalling the economy's post-quake rebound.

Gold Holds Gains but Heads for Worst Month Since Oct. '08

Gold jumped more than 1 percent on Friday after Germany's approval for expanding the euro zone bailout fund offered temporary relief to investors, but the precious metal was heading for its worst monthly decline in three years.

S&P and Fitch cut NZ rating on external debt worry

New Zealand suffered two ratings downgrades within hours on Friday when Standard & Poor's and Fitch cut the country's ranking by one notch over concerns about its growing foreign debt.

Asia stocks in worst month since October 2008

Asian stocks fell on Friday, extending the worst monthly performance since the most volatile days of the global financial crisis in October 2008, with Chinese shares racking up sharp losses.

Fast TARP exit meant less capital for some banks: U.S. audit

Some large U.S. banks would have stronger capital bases to better deal with today's market stresses had regulators not relaxed bailout repayment criteria in late 2009, a new government audit showed on Friday.

Asia stocks fall in worst month since Oct 2008

Asian stocks fell on Friday, extending the worst monthly performance since the most volatile days of the global financial crisis in October 2008, with Chinese shares racking up sharp losses.

Friendly's chain close to bankruptcy: report

Burger and ice cream chain Friendly's is close to filing for bankruptcy and may try to sell itself at auction, the Wall Street Journal reported on Thursday.

Standard & Poor's, Fitch downgrade NZ on growing debt

New Zealand suffered its second ratings downgrade within hours on Friday as Standard & Poor's cut the country's rating by one notch because of its growing foreign debt, after rival Fitch Ratings' had taken similar action.

Missouri Primary: One State Caves, But Jockeying Still Hurts Republican Voters

Missouri Republicans have backed down from their threats to hold their presidential primary in February, electing to hold a caucus on March 17 instead -- but in other states, the mad rush for early primaries continues, to the detriment of voters.

Friendly's close to bankruptcy: report

Burger and ice cream chain Friendly's is close to filing for bankruptcy and may try to sell itself at auction, the Wall Street Journal reported on Thursday.

Japan factory output disappoints

Japanese factory output rose less than expected in August, in a sign that companies were feeling the pinch from a strong yen and faltering global demand and the economy's swift rebound from the March 11 earthquake and tsunami was tailing off.

Bain, Carlyle, Pamplona eye TI Automotive: sources

Bain Capital and Carlyle Group are among three private equity firms bidding for auto parts supplier TI Automotive in an auction that could fetch around $1.5 billion, people familiar with the matter said.

Japan factory output disappoints; yen, global slowdown

Investors should oppose Murdochs on News Corp board: fund group

An Australian pension fund group has called on its members to vote to remove several News Corporation board members, including James and Lachlan Murdoch, in order to ensure the independence of the board.

Greek gambling company OPAP OKs licensing deal

The board of Greek gambling company OPAP gave initial approval on Thursday for the firm to pay 935 million euros ($1.27 billion) to the government to extend its monopoly and buy a new videolotto license, an OPAP official told Reuters.

Recovery next year for world stocks: poll

World stock markets will recover next year from a nightmarish 2011 that has wiped trillions of dollars off share prices, according to a Reuters poll that showed almost all major stock indexes ending 2011 in the red.

Jobless claims, GDP data ease economic fears

The chances of the U.S. economy averting a new recession got a boost on Thursday with claims for jobless benefits falling to a five-month low last week and growth a touch stronger in the second quarter than previously estimated.

Raymond James to pay $2 million over unfair commissions

Raymond James Financial Inc will pay more than $2.1 million to resolve claims by brokerage watchdog FINRA that the regional brokerage charged excessive commissions on trades to nearly 16,000 accounts, FINRA announced on Thursday.

Dow, S&P rise in wild day, Nasdaq takes China hit

Stocks mostly rose in a volatile session on Thursday as stronger-than-expected economic data and German approval of a beefed-up euro-zone crisis fund relieved two of the worst fears hanging over the market.

Kraft boss bumps Pepsi chief as top U.S. woman executive

Kraft Foods boss Irene Rosenfeld is the most powerful woman in U.S. business, Fortune magazine said on Thursday, bumping PepsiCo Inc chief Indra Nooyi into second spot after five years on top.

Analysis: Bernanke leaves investors mulling QE3 odds

Ben Bernanke put markets on notice this week: Despite already having spent trillions of dollars to stimulate growth, the Federal Reserve would do more if inflation falls too far and the threat of deflation grows.

Two more senior staff leave BlackBerry maker RIM

Executives in charge of developer relations and business outreach at Research In Motion have left the company, the latest in a string of departures this year as the BlackBerry maker trims its workforce.

Madoff trustee delays initial customer payout

The trustee for victims of Bernard Madoff's Ponzi scheme delayed an initial distribution of $272 million scheduled for September 30 to former Madoff customers with valid claims, citing a recent court decision involving owners of the New York Mets baseball team.

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