IBT Staff Reporter

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Gold a bubble that could deflate, says analyst

Record gold prices may be heading for a correction of about 8 percent next month, but the safe-haven metal may also rally to $2,400 an ounce next year as investors seek refuge amid global economic turmoil, a global head at INTL FCStone on Saturday.

Bronfman steps down as Warner Music CEO

Billionaire Edgar Bronfman Jr is stepping down as chief executive of Warner Music Group Corp, the world's third-largest music company, just two months after the company was bought by Len Blavatnik's Access Industries.

Lady Gaga: 5 Fun Facts

Lady Gaga is an interesting and unique phenomenon as it is. Nevertheless, here are some fun facts about the wildly popular singer that could surprise you.

Japan mulling another FX intervention: report

Japan is considering intervening in the currency market again to stem further yen gains after the currency's overnight ascent to a fresh record high against the dollar, the Nikkei newspaper said on Saturday.

More volatility ahead as uncertainty rules

The historic swings in the U.S. stock market over the past two weeks have investors struggling to figure out where equities may be headed next. Only one thing seems clear: The volatility is far from over.

BofA cutting 3,500 jobs this quarter

Bank of America Corp plans to cut 3,500 jobs in the next few weeks as CEO Brian Moynihan tries to come to grips with the bank's $1 trillion pile of problem home mortgages.

HP sinks as investors flee business revamp

Shares of Hewlett-Packard slumped by more than 20 percent to a six-year low on Friday as investors wiped about $16 billion off the market value of the world's biggest PC maker in a resounding rejection of its plan for a major shake-up.

Sprint, cable operators in Clearwire talks: sources

Sprint Nextel Corp has held talks with cable partners about supporting their loss-making Clearwire Corp wireless venture in the face of increasing competition from bigger rivals, according to two people familiar with the matter.

Wall Street sinks for fourth straight week

Wall Street ended a fourth week of losses on a down note on Friday as most buyers left the market before the weekend on growing fears of another U.S. recession and destabilization in Europe's financial system.

Wall Street slides for fourth straight week

Wall Street ended a fourth week of losses on a down note on Friday as most buyers left the market before the weekend on growing fears of another U.S. recession and destabilization in Europe's financial system.

Deal Frees West Memphis Three, Including Man on Death Row

The West Memphis Three, three men imprisoned in 1994 for killing three 8-year-old Cub Scouts in Arkansas, changed their pleas Friday. Damien Echols, Jessie Misskelley and Jason Baldwin used a legal maneuver that allowed them to simultaneously say that they are innocent and admit that prosecutors likely have sufficient evidence to win.

Avnet's M&A focus on emerging markets

Avnet Inc, a distributor of electronic parts and computer gear for the likes of IBM and Apple, is focusing its M&A strategy on emerging markets, where the growth is, seeking to bolster its product offerings in an uncertain market.

Lawyer Goldfarb gets 3 years prison in insider case

A lawyer caught up in the government's massive insider trading investigation was sentenced to three years in prison on Friday after pleading guilty to participating in a scheme to trade on corporate secrets from a prominent law firm.

NHANES III Mortality Survey: Four Behaviors to a Longer Life

People can live longer if they practice one or more healthy lifestyle behaviors, says researchers who analyzed data from a National Health and Nutrition Examination Survey (NHANES) III Mortality Study, a mortality survey published online by the American Journal of Public Health.

CDC: ?People Who Live Healthy Lifestyles May Live Longer

People can live longer if they practice one or more healthy lifestyle behaviors, says researchers who analyzed data from the CDC's National Health and Nutrition Examination Survey (NHANES) III Mortality Study, a mortality survey published online by the American Journal of Public Health.

Jobless rates rise in many states in July

Unemployment rates increased in more than half of the U.S. states in July as the shaky national economy took its toll on jobs, Labor Department data released on Friday showed.

Susan Powell Missing: Search Begins Again

A high-profile search of the Nevada desert for 28-year-old Susan Powell, the woman who vanished in December 2009, was conducted due to important and credible new insight into the case. Forty-five detectives and other investigators searched a region outside of Ely, Nev. Friday.

HP sinks on lowered outlook, business overhaul

Shares in Hewlett-Packard slumped by more than a fifth to a six-year low early on Friday, a day after the world's biggest PC maker signaled a major shake-up in its business and cut its annual forecast.

Murdoch tabloid private eye to reveal hacking orders

A private detective jailed for illegally intercepting voicemail messages on behalf of a journalist at one of Rupert Murdoch's British newspapers has been ordered to reveal who asked him to carry out the phone-hacking.

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