Barrick Gold, World's Biggest Gold Producer, Reports Huge Profit Plunge In Q2 On Massive Selling Price Drop, Impairment Charges
The big Canadian company booked impairment charges of $8.7 billion.
Federal Reserve's Key Rate-Setting Committee Extending Massive Bond Buying As US Economic Growth Appears Somewhat Less Robust Than Earlier Throught
Also, the Fed said Wednesday that its outlook on the nation's economy was slightly less optimistic than a few months ago.
US Private Employers Created 200,000 Jobs In July, More Than Expected, In Nation's Second Straight Month Of Strong Employment Growth
The July job creation was broad-based and greater than Wall Street was expecting.
Chrysler's Second-Quarter Profit Jumps 16% To $507 Million, No. 3 US Automaker Sells 643,000 Vehicles; Forecast Reduced
Strong demand in the U.S. for trucks and SUVs helped boost second-quarter earnings at the key U.S. automaker.
Ariel Castro, Who Kept Three Women Locked In His Basement As Sex Slaves For Years, Accepts Plea Deal To Avoid Death Penalty
One of his three kidnapping-rape victims became pregnant with a child who is now 6 years old.
General Motors (GM) Reports 24% Profit Decline In Q2 On Asian Weakness And High Costs In Australia But Still Beats Street View
The No. 1 U.S. automaker said it's working to slash expenses in its high-cost Australian operations.
Southwest Airlines Q2 Same As Q1, In Line With Expectations, As Higher Operating Profit, Lower Fuel Costs Offset Lower Revenue
The Dallas carrier benefited from cheaper fuel and a record high operating revenue.
Analysis: After Being In A Slow-Motion Free-Fall Since Last Autumn, With Investors Abandoning ETFs Like SPDR Gold Trust (GLD), Gold Has Been On A Tear This Month
Temperatures are not the only thing sizzling in New York this summer; just stop by the Comex and watch the price of gold.
Detroit Is Days, Even Hours, Away From A Bankruptcy Filing In What Would Be The Largest Municipal Bankruptcy Filing Since Cleveland's 1978 Filing: Report
The bill has finally come due for decades of impossible pension promises to municipal unions, corruption and cronyism.
Goldman Sachs (GS) Reports Second-Quarter Profit More Than Doubles, Easily Beats Wall Street Expectations
The U.S. economy may be sluggish but Goldman Sachs registered another impressive quarter, on trading, loans, and commodities.
Heathrow Airport Runways Closed After Parked Jet Catches Fire, No Immediate Casualties Reported
Officials closed two runways and dispatched emergency crews after the plane caught fire; no injuries reported so far.
House GOP Leaders Aim To Pass Pared-Down Farm Subsidy Bill And Deal With Food Stamp Funding Separately; Prospects For Passage Seem Dim
It's not at all clear what the Republican leadership of the U.S. House of Representatives will do if Thursday's farm bill vote fails.
Grocery Store Giant Kroger (KR) Paying $2.4 Billion In An All-Cash Deal For Rival Harris Teeter (HTSI) To Create Company With 2,631 Stores In 34 States
Kroger's purchase of Harris Teeter isn't expected to affect its ability to maintain dividend payments.
CORRECTION: NYSE Euronext (NYX) Will Take Over Scandal-Ridden Libor From British Bankers' Association As Big Exchange Operator Beats London Stock Exchange, Markit To Run The London Interbank Offered Rate
Will the switch of control over the world's most important interest rate restore trust?
Latest US Trade Deficit Data Suggests Nation's Economy Will Struggle To Grow At Even A Modest 2%
Economists have been disappointed by the May trade deficit figures for the United States.
Chesapeake Energy Sells Prospective Acreage Of Natural Gas Shale In Texas, Louisiana To EXCO For $1 Billion
Chesapeake Energy's year-to-date asset sales have now reached about $3.6 billion.
American Employers Put 188,000 People To Work Last Month, Far More Than Expected, But May's Number Was Revised Down
Most new jobs last month were created in the utilities and transportation sectors, ADP said.
Planned Jobs Cuts By US Employers Rose 8% In June From May's Level, But Pace Of Downsizing In First Half Of 2013 Down 9% From Same Period In 2012
Most job cuts related to health care stemmed from lower Medicare reimbursements and state Medicaid cutbacks.
US Mortgage Applications Falling Hard As Interest Rates Surge In The Wake Of Bernanke Comments About Ending Monetary Easing
The home refinancing segment has been particularly hard hit by the sudden rise in interest rates.
Russian Oil And Natural Gas Giant OAO Rosneft Paying $2.9 Billion For Remaining 49% Of Itera It Doesn't Already Own
The deal will advance Rosneft's goal of becoming the largest independent natural gas producer in Russia.
Russian Helicopter Crashes In Remote Mountainous Region Of Siberia Killing 19, Including 11 Children
Eleven children died in a helicopter crash in a mountainous region of Siberia. Eight adults also died.
Weakening Export Orders Clip Pace Of US Manufacturing Sector's Growth In June
The loss of export orders is causing U.S. manufacturers to pull back on hiring, Markit said.
Gold's Worst Quarter Ever Is Finally Over: Where Do Gold Prices Go From Here?
Gold rallied on the last day of the second quarter, but it was a case of too little, too late.
TD Bank Prank: Fraudulent News Release States Bank To Sell All Its Shares In Keystone XL Pipeline; TD Bank Investigating Source Of Bogus Internet Statement
The bogus website "YourTDBank.com," was hosted by Electric Embers Cooperative Inc.
US GDP For First Quarter Revised Down To 1.8% From 2.4% On Weak Consumer Spending
In the first quarter, consumer spending, the main driver of the economy, was weaker than the initial estimate.
Gold Prices Down More Than 5% After FOMC Announcement, Bernanke Signal Of Possible QE3 Taper, China Cash Crunch And Manufacturing Weakness
The price of gold has fallen by nearly one-third since October 2012 - but where is the world's most precious metal headed from here?
Price Of US Treasurys Plummets And Yields Shoot Higher After Federal Open Market Committee Issues Rosier-Than-Expected Economic Forecast
U.S. Treasury yields registered their biggest increase in 30 months -- on sentiment that high unemployment will fall sooner than expected.
JPMorgan Chase (JPM) Spinning Off One Equity Parnters, Its Private Equity Business
Jamie Dimon's efforts to simplify the sprawling financial behemoth that is JPMorgan Chase means the spin-off of One Equity Partners.
Media Giant Gannett Paying $1.5 Billion In Cash For Belo, Making Gannett Nation's Fourth-Largest Owner Of Major Network Affiliates
Gannett is buying Belo to become one of America's biggest owners of TV network affiliates.
Janet Yellen, Vice Chair Of Federal Reserve, Seen By Economists As Most Likely To Succeed Ben Bernanke: Reuters Poll Of Economists
Fed member Yellen's views on monetary policy resemble those of the U.S. central bank's current chairman, Ben Bernanke.
