The board of UBS reconvened its meeting on Saturday to decide the future of its scandal-hit investment bank and Chief Executive Oswald Gruebel after the Swiss bank lost $2.3 billion in alleged rogue trading.
Unfinished car shells rusting in a deserted factory in West Bengal lie testimony to flaws in a century-old land-acquisition law the government now wants to replace.Tata Motors was forced to abandon its Nano plant in 2008 after violent protests by villagers, who claimed they were forced off the land by the local government and paid inadequate compensation.
With persistent concerns over Europe's sovereign debt crisis and sluggish economic growth in the United States, cautious investor continue to seek protection through options..
The Dow Jones industrial average on Friday suffered its worst week since the depths of the financial crisis in 2008, stung by severe anxiety over Europe's spiraling debt crisis and a warning from the Federal Reserved about the U.S. economy.
The FCC has filed its net neutrality rules with the Federal Register, and the controversial rules will go into effect Nov. 20. Don't expect Internet service providers to go down without a fight.
Gold prices seem to have lost their golden touch in September, falling from a high of $1,920 per ounce to $1,650, a drop of 14 percent.
With European banks tanking and the U.S. growth rate grinding to a halt, how does the average investor protect his assets? By being focused.
Gold crashed more than $100 lower on Friday as a slide turned into a freefall, with weeks of volatility, renewed strength in the dollar and talk of hedge fund liquidation wrecking its safe-haven status.
Zambian opposition leader Michael Sata, a critic of Chinese investment, was sworn in as president on Friday after an upset poll victory that ushered in a smooth handover of power in Africa's biggest copper producer.
Gold prices plummeted Friday, at one point tumbling to 15 percent below the level of three weeks ago, as investors started buying stocks and, to a lesser extent, euros. Silver is now down 25 percent from its mid-week level.
Still burdened by an ongoing phone-hacking scandal at its British subsidiaries, Rupert Murdoch's company is aggressively buying back shares in an effort to buttress its share price. Assuming the shares remain at about $17, one analyst estimates News Corp. will have repurchased almost $2.2 billion in shares by as early as Nov. 7.
The board of UBS extended on Friday its meeting amid the glamour of Singapore's Grand Prix event to decide the future of its scandal-hit investment bank and CEO Oswald Gruebel, on whose watch it lost $2.3 billion in alleged rogue trading.
Silvercorp Metals Inc. said Friday it is suing a group of detractors for allegedly spreading falsehoods about the company in the hope of profiting from a decline in its share price.
Stocks edged higher in a volatile session on Friday as rising uncertainty over the European debt crisis and concerns about a global recession kept investors jittery.
The top pre-market NASDAQ Stock Market gainers are: SIGA Technologies, Motricity, American Superconductor, Clean Energy Fuels, and Vodafone Group. The top pre-market NASDAQ Stock Market losers are: Pan American Silver, DryShips, Randgold Resources, TriQuint Semiconductor, and ARM Holdings.
Stock index futures fell on Friday as talk of a Greece default gained pace and a day after markets spiraled downward on deepening worries about global economic stagnation.
Gold hit a one-month low on Friday and was set to post its sharpest weekly drop since May, hit by a sell-off in the commodities complex and with some traders citing selling in the precious metal to cover losses in other asset classes.
U.S. gold futures posted their steepest losses in a month on Thursday, dragged down by a global flight from risk that raises new questions about bullion's value as a safe haven and the sustainability of its long rally.
The board of UBS met on Friday amid the glamour of Singapore's Grand Prix event to decide the future of its scandal-hit investment bank and CEO Oswald Gruebel, on whose watch it lost $2.3 billion in alleged rogue trading.
Private equity firms looking to invest into Alibaba Group have relieved pressure on Chairman Jack Ma to stage a speedy IPO by allowing a way for employees to sell their shares to willing buyers.
The board of UBS meets on Friday amid the glamour of Singapore's Grand Prix event to decide the future of its scandal-hit investment bank and CEO Oswald Gruebel, on whose watch it lost $2.3 billion in rogue trading.
Stock index futures pointed to a higher open on Wall Street on Friday after steep declines the previous session, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up by between 0.6 and 0.8 percent.
