Spec Money Exits Gold & Silver but Remains Heavily Long Other Markets
Lately, we've noted the improving sentiment picture for Gold. As a market weakens, sentiment will naturally become less bullish. In this case, sentiment has weakened considerably yet Gold is only 6% off its high. Most interesting in particular is the divergence between the COT data for Gold and Silver and the rest of the commodities.
AmEx revenue rises, but regulatory issues linger
American Express Co said fourth-quarter revenue grew 13 percent from a year earlier, as consumer spending increased.
Greystar: Colombia gold plan won't hurt ecosystem
Canadian gold miner Greystar Resources said on Monday its gold and silver Angostura project in Colombia poses no threat to the ecosystem amid growing opposition from local authorities.
AIG says Benmosche will stay CEO until 2012
Bob Benmosche will remain as chief executive of bailed-out insurer American International Group Inc for at least another year, having responded very well to treatment for cancer, the company said on Monday.
Arizona heroes, families to appear at Obama's Union address
People who came to the aid of Arizona shooting victims earlier this month and the family of a girl killed in the incident are expected to appear at President Barack Obama's State of the Union Address on Tuesday night in Washington.
White iPhone 4 Listings Appear on Online Inventory Systems
Multiple reports of the white iPhone 4 appearing in various inventory systems have appeared today, stirring up conjecture that the white iPhone 4's release is, after multiple false rumors, finally drawing near.
Huawei sues to alter Motorola-Nokia Siemens deal
China's Huawei Technologies Co Ltd has filed a lawsuit to block Motorola from selling one of its business units to Nokia Siemens Networks, demanding that the $1.2 billion deal be altered to avoid infringing on intellectual property rights.
Wesdome Gold Mines Q4 production up
Wesdome Gold Mines Ltd said fourth-quarter gold production rose 2 percent to 21,500 ounces and forecast higher output in 2011. The company sees overall production of more than 70,000 ounces in 2011, helped by initial production at its Mishi mine in Ontario.
Intel sets aside $10 billion to buy up lagging shares
Intel Corp boosted its share buyback plan by $10 billion, seeking to revitalize its flagging stock amid criticism it is getting left behind by rivals like Nvidia in a red-hot, fast-moving mobile market.
Foursquare sees no funding needs this year
Startup website Foursquare has enough money to last it through to the end of the year and is in no rush for a sale or public offering, despite new competition from Facebook, co-founder Dennis Crowley said.
Vampire Squid? Big Government? Crisis report splits
Three competing, politically charged tales of the financial crisis will emerge this week when a U.S. congressional panel finally concludes its 20-month investigation.
American Express 4th-quarter revenue rises 13 percent
American Express Co said fourth-quarter revenue grew 13 percent from a year earlier, as consumer spending increased and the company earned more from fees.
Toshiba and GlobalFoundries in chip production talks
Toshiba Corp is hammering out a deal to outsource fabrication of advanced system chips to U.S. firm GlobalFoundries, the Nikkei business daily reported, citing company sources.
Report: Twitter’s Revenue To Soar
A report from research firm eMarketer says Twitter's revenue will triple in 2011.
Security apps boost Apple as BlackBerry alternative
A slew of small security software developers are helping Apple's iPhone gain a foothold within corporations that were once the exclusive domain of Research In Motion's BlackBerry.
Stocks surge, led by strength in tech and retail
U.S. stocks advanced on restructuring news, strong economic forecast
Leaked Nvidia Slide Shows Bets On 3D, Content
A leaked slide underscores Nvidia's bet that content will drive smartphone sales.
McDonald's likely to raise prices in 2011
McDonald's Corp plans to raise prices this year to help offset an expected rise in its grocery bill for the 10 commodities that account for around 75 percent of its food preparation costs.
Vampire Squid? Big Governments? U.S. crisis report splits
Three competing, politically charged tales of the financial crisis will emerge this week when a U.S. congressional panel finally concludes its 20-month investigation.
Gold drops on technicals; euro zone worries support
Gold turned weaker on technical selling on Monday, after the metal initially rose as a lower dollar and lingering worries about an European debt crisis helped recoup some lost ground from a two-month low last week.
Wall Street rises on renewed earnings optimism
Wall Street resumed its rally on Monday, led by natural resources and tech shares as investors saw stocks regaining momentum lost late last week.
Hollywood announces Razzie nominees
Hollywood announces its list of nominees for people being bad at their jobs.
SEC probes ties of ex-Mass. official, Goldman exec
The U.S. Securities and Exchange Commission is investigating dealings between former Massachusetts Treasurer Timothy Cahill and a former top aide who now works at Goldman Sachs .
Judges toss Emanuel from Chicago mayor's race
Rahm Emanuel, President Obama’s former, hardnosed Chief of Staff, was kicked off the ballot for mayor of Chicago today by an Illinois appellate court.
Wall Street gains on renewed earnings optimism
Wall Street resumed its rally on Monday, led by natural resources and tech shares as investors saw stocks regaining momentum lost late last week.
Natural resources, tech shares lift Wall Street
Wall Street rose on Monday, led by natural resource companies on bets on global growth and a share-buyback plan by Intel that lifted the large-cap technology sector.
Sarkozy wants tax to discourage speculation in currency/commodity markets
In a speech to about 300 reporters in Paris today, Sakozy said the G20’s aim is to reduce volatility in the commodities and currencies markets by broadening the role of the International Monetary Fund (IMF) and to smooth out the current imbalance of power in global economic governance.
Bank lobby group IIF slams capital top-up plans
Plans to saddle large banks with extra safeguards would make the financial system more unstable and could increase the number of too big to fail institutions, a leading bank lobby group warned on Monday.
Corrected: Goldman profit slides as bond trading wilts
(Deletes paragraph 13 of Jan. 19 story to reflect that Thomson Reuters I/B/E/S changed comparable EPS to $3.79 from $4.11. Error first appeared in UPDATE 5.)
Luxury watchmakers fishing for friends on Facebook
ZURICH (Reuters Life!) - Luxury watchmakers are increasingly turning to online social network sites and forums to promote their products and satisfy a growing appetite for information about luxury timepieces, particularly in China.
