INVESTMENT

Gold Falls 0.8%, Silver Down 4.7%

Gold, silver bars
Gold prices fell sharply Tuesday but regained much of the lost ground to close down 0.8 percent on reports that retail investors are increasing their exposure to gold-back exchange-traded products.
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Credit Suisse to Cut Another 1,500 Employees

Credit Suisse will cut another 1,500 jobs and scale back its capital-guzzling investment banking business as it seeks to meet tough new regulations ahead of other banks after the unit reported disappointing third-quarter results.
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Futures Lower on Greece and Asian Growth

Stock index futures tumbled on Tuesday as the deal to rescue Greece and prevent a wider sovereign debt crisis faced a new hurdle and as Asian economic data reignited fears of a slowdown in global growth.
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Asian Stocks and Commodities Fall on Greek Shocker

Asian shares and commodities fell Tuesday, after a shock announcement that Greece will hold a referendum on a new EU bailout deal for the debt-ridden country threw efforts to resolve the euro zone's debt crisis into fresh doubt.
Bloomberg Gates

Silicon Valley NYC One Step Closer to Reality

New York City Mayor Michael Bloomberg announced Monday that a proposal to bring an applied sciences university to the city continues to move forward. Under Applied Sciences NYC, dubbed one of the most exciting projects the city has undertaken in the past decade by U.S. Senator Charles E. Schumer, seven proposals are under consideration for the groundbreaking program. The winner will be awarded free city land and up to $100 million in city capital funding in exchange for constructing a ma...
Allstate insurance posts fourth quarter results as office shown in San Francisco

Allstate Profit Sinks on Disaster Losses

Allstate Corp posted a sharply smaller profit for the third quarter, as the largest publicly traded home and auto insurer in the United States lost more than $1 billion due to natural disasters.
Canadian Maple Leaf gold coin

Royal Canadian Mint Offering Gold Receipts

The Royal Canadian Mint will begin offering exchange-traded receipts, a way to let investors own and trade gold bullion, late next month in an initiative expected to raise about $250 Canadian.
Nigeria

Nigeria cbank to review naira, likely 155-156/dlr target

Nigeria's Central Bank Governor Lamido Sanusi said on Monday the bank would review its target band for the naira in the next few days, and depending on where the exchange rate settles may move its midpoint to 155/156 to the dollar, compared to its current 150.
Canada exchange operator backs $3.8 billion buyout bid

Canada exchange operator backs $3.8 billion buyout bid

The operator of Canada's largest stock market has thrown its support behind a C$3.8 billion ($3.8 billion) takeover offer from a group of banks and pension funds, embracing the deal four months after a failed attempt to merge with the London Stock Exchange.

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