Mexico-focused miner AuRico Gold (AUQ.TO: Quote) has offered to buy Northgate Minerals (NGX.TO: Quote) for C$1.46 billion ($1.5 billion) in a friendly deal that would nearly double its output and expand its geographic reach as gold prices soar.
Michele Bachmann claims she was speaking in jest when she said that Hurricane Irene and last week's earthquake in Virginia were signs from God that the United States needed to cut spending. But it seems more indicative of a clever tactic: making an outlandish statement and disavowing it once it has achieved its purpose.
Northgate Minerals Corp. shares rocket 24.94 percent Monday after investors learn it will be bought by AuRico Gold Inc. for $1.48 billion.
Stocks rallied more than 2 percent in a broad rally on Monday as a merger between two big Greek banks provided a rare bit of encouraging news out of debt-stricken Europe, while a rebound in consumer spending calmed fears of a new U.S. recession.
With U.S. job growth sluggish, renewed European debt concerns, and now the damage caused by Hurricane Irene, it’s not surprising that cautious investors are reluctant to deploy additional capital to stocks. However, one moderate-risk way to commit new money to equities is to consider stocks that also pay a decent dividend, and here are three options.
Aufeminin.com is chasing acquisitions in English-speaking countries as it wants to boost traffic at its popular women interests' websites.
Zynga, the social games maker may delay its plans for an initial public offering because of poor market conditions and to answer questions from the U.S. Securities and Exchange Commission, according to media reports on Monday.
United Auto Workers President Bob King said on Monday that he was upbeat about reaching a contract deal with U.S. automakers that would keep them competitive against Asian and European rivals.
Shares of large silver mining companies mostly rose Monday along with the broader stock market as investors ignored the falling price of the white metal on fresh optimism about the strength of the economy.
Shares of large gold mining companies fell Monday, along with the price of the yellow metal, in a sentiment shift away from precious metals and other safe havens toward riskier assets like stocks.
Lawmakers from Chancellor Angela Merkel's coalition will make a proposal this week to persuade rebel colleagues to back measures to bolster the powers of the euro zone bailout fund, a senior conservative lawmaker said on Monday.
Zynga, the social games maker may delay its plans for an initial public offering because of poor market conditions and to answer questions from the U.S. Securities and Exchange Commission, according to media reports on Monday.
Stocks jumped nearly 2 percent on Monday as a merger between two big banks in Greece suggested Europe was working through its financial problems and a rebound in consumer spending calmed fears about the U.S. economy.
Are angry Netflix customers upset over the company's price hike last month turning to Wal-Mart's Vudu? One subscription service shows Wal-Mart's Vudu is gaining momentum, fast.
Western Union Co , the world's largest payment transfer company, said it will club its online, mobile and prepaid cards businesses into a new entity to offer more services and draw more customers.
Gold and silver prices closed lower Monday as some precious metals investors took profit from recent gains and other investors decided fears of a double-dip recession were overblown and put their money in riskier assets like heavily discounted stocks.
Hurricane Irene is expected to have caused substantial property losses, though figures are still hard to come by because of uncertainty about wind damage, catastrophe modeling company Eqecat said on Monday.
Stocks rallied more than two percent in a broad rally on Monday as a merger between two big Greek banks provided a rare bit of encouraging news out of debt-stricken Europe, while a rebound in consumer spending calmed fears of a new recession.
Consumer spending rose at its fastest pace in five months in July, a further sign the economy is not falling back into recession, although manufacturing activity in Texas almost stalled this month.
China's Supreme Court and prosecutors office will step up the fight against computer hacking by toughening penalties for those caught doing it, state media said on Monday.
The International Monetary Fund has slashed its growth forecasts for the United States and says the Federal Reserve and the European Central Bank must be ready to ease policy, Italian news agency ANSA reported on Monday.
Heavy equipment makers and rental companies stand to benefit from reconstruction efforts after Irene damaged roads and other infrastructure, took out power to millions of homes and flooded businesses.
Stocks rallied on Monday as a merger between two big banks in Greece suggested Europe was working through its financial problems, while a rebound in consumer spending calmed fears of a new recession.
Consumer spending rose at its fastest pace in five months in July, backing views the economy was not falling back into recession, although pending sales of previously owned homes fell.
NEW YORK, Aug 29 - Longtop Financial Technologies Ltd said on Monday it may face civil charges by the U.S. Securities and Exchange Commission, signaling stepped-up regulatory enforcement of possible accounting irregularities at Chinese companies.
Zynga, the social games maker may delay its plans for an initial public offering until November because of poor market conditions, the New York Post newspaper reported late on Sunday.
President Barack Obama said Monday he is continuing to direct Hurricane Irene recovery and rebuilding efforts, as federal, state, and local officials assess damage in Northeast and Mid-Atlantic states, even as Northeast states like Vermont and New Jersey continue to get people out of harm's way of rising flood waters.
Stocks opened up more than one percent on Monday, supported by European and Asian equities that rallied partly on a possible merger between two big banks in Greece.
Stocks were set to open about one percent higher on Monday, supported by European and Asian equities that rallied partly on a possible merger between two big banks in Greece.
After finding out that I'd finally get my hands on the 2011 Chevrolet Volt -- but during the weekend of Hurricane Irene's assault on the East Coast -- major concerns filled my head.
