IBT Staff Reporter

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The Goldwatcher: Demystifying Gold Investing

Why did the price of gold hit record highs in 2008? Take a look at the headlines - government bailouts of failed banks, mortgage and credit crises, rising inflation, slowing growth and global insecurity. In order to protect themselves from treacherous financial markets and depreciated paper currencies investors worldwide are turning to gold.

Wall St closes higher as oil stabilizes

U.S. stocks rose on Friday, bouncing back from a three-day sell-off as oil prices stabilized, but unease over the Libyan rebellion could be enough to keep buying in check.

Saudi raises oil output as Libyan exports disrupted

Top exporter Saudi Arabia has raised oil output above 9 million barrels per day to make up for a near halt in Libyan exports, an industry source said, helping prices fall further from the highest since 2008.

10 Things to Know about Anne Hathaway [PHOTOS]

Anne Hathaway, along with James Franco, will host the 83rd Annual Academy Awards on Sunday, Feb. 27. This is the first time the 28-year-old actress will host the awards show. Anne Hathaway has been nominated once before for an Academy Award for Best Actress in her role as Kym in “Rachel Getting Married.” Anne Hathaway kick started her career playing the role of Mia Thermopolis in the 2001 film “The Princess Diaries.” She later reprised that role for “The Princess Diaries 2: Royal Engagement.

Boeing basks in glow of tanker win, but risks loom

Boeing Co, its suppliers and investors had good reason to cheer after the company snared a $30 billion Pentagon order this week, but challenges loom as Boeing prepares to fill the historic order on what may be a tight budget.

Mississippi Rates as Most Conservative U.S. State

The state of Mississippi has the largest percentage of people in the United States who identify themselves as conservative, with just over half of people making that self-assessment, according to poll results.

TNK-BP ditches BP green colors after Gulf spill

BP's Russian arm, TNK-BP, has done away with BP's trademark eco-friendly colors on its website in favor of a dark, severe Siberian theme, a move branding experts say speaks to the post-Gulf spill investor.

Global IPOs have best start to year on record

Global listings activity has been the highest on record so far this year, with firms raising a total of $24 billion to date, according to Thomson Reuters data, boosted by buoyant stock markets and improved investor interest.

10 Things to Know About James Franco [PHOTOS]

James Franco, along with Anne Hathaway, will host the 83rd Annual Academy Awards on Sunday, Feb. 27. This is the first time the 32-year-old actor will host the awards show. Along with hosting, Palo Alto native is also nominated for Best Actor for his role as Aron Ralston in 127 Hours. James Franco kick started his career in the late 1990s appearing on the short-lived television series Freaks and Geeks. From there he's played a number of roles in films such as Pineapple Exp...

Exclusive: BofA to harvest retirement assets through Merrill

Bank of America Corp. is no Fidelity Investments when it comes to retirement accounts, but it boosted retirement assets under management by nearly 10 percent last year and is gunning for more by guiding bank depositors to Merrill Lynch advisers and its new online brokerage channel.

Saudi Terror Suspect's Blog Reveals Musings On Life

The blog of a college student from Saudi Arabia charged with planning terrorist attacks is a combination of occasional political tracts, mundane daily life, musings on the nature of existence and even poetry.

Sanctions cripple Ivory Coast SIR refinery output

Ivory Coast's 80,000 barrel per day SIR refinery is operating at a minimum and is struggling to secure crude oil due to European sanctions aimed at forcing incumbent Laurent Gbagbo from power, a spokesman said Friday.

Trying to survive inflation? Ask Venezuelans!

Having lived with double-digit inflation since Ronald Reagan was in the White House, Venezuelans know a money-stretching trick or two the rest of the world could heed as soaring commodities push up prices.

In Providence, All Teachers Get Termination Notices

In one fell swoop, a nearly evenly split Providence, Rhode Island School Board voted on Monday to send out termination notices to all of the city's nearly 2,000 teachers, citing the need to cut a $40 million school budget deficit by March 1.

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