INVESTMENT

Gold prices plunged Thursday when investors stampeded out of precious metals, as well as stocks, into the perceived safety of the U.S. dollar.

U.S. stocks are suffering a massive sell-off, with the Dow Jones Industrial Average plummeting more than 400 points, in the wake of a grim outlook from the Federal Reserve. Treasuries are rallying, the yield on the 10-Year note is at 1.76 percent, an all-time low.

Will the possible release of the iPhone 5 to Sprint (S) in October spark a renaissance in the wireless sector, including for longstanding iPhone carrier Verizon (VZ)?

The Dow Jones Industrial Average plummeted in Thursday trading, dropping more than 3 percent at certain times after Federal Reserve chairman Ben Bernanke introduced Operation Twist to jump-start the slumping economy.

The U.S. stock market rallied from last July until the end of April this year. It stalled from May to mid-July, after which it began to plunge.

Gold fell by more than 3 percent on Thursday, set for its largest monthly decline since January, after the Federal Reserve's move to boost U.S. growth lifted the dollar, which battered the commodities complex.

China-focused Silvercorp Metals Inc said on Thursday that it has so far bought back some 4.5 million common shares worth about $35 million, as the company fights back against allegations of fraud.

Attorneys for Full Tilt Poker denied charges that the poker Web site is a Ponzi scheme that cheats customers out of their money, suggesting that the Web site's woes stemmed from mismanagement rather than deliberate theft.

Anglo Asian Mining plans to start work at the Gosha gold mine in Azerbaijan in the second half of 2012 after the successful launch of production at the neighbouring Gedabek mine, the company said in a statement on Thursday.

Talk is cheap that the U.S. is merely in slow-growth mode more than two years after the official end to the recession, says Nouriel Roubini, the New York University professor who predicted the collapse of the U.S. housing market and predicted the 2008 recession.

The top pre-market NASDAQ Stock Market gainers are: Netflix, Yahoo!, and Vical. The top pre-market NASDAQ Stock Market losers are: Logitech International, Westport Innovations, Melco Crown Entertainment, Travelzoo, JDS Uniphase, and SodaStream International.

UBS CEO Oswald Gruebel is fighting to keep the Swiss bank's investment arm -- the scene of a $2.3 billion rogue trading scandal -- despite pressure to scale it back or split it off, as he seeks to save his own position.

FBR Capital Markets anticipates that Congress will be unable to pass legislation to lower the loan limits below $625,500 until at least 2013, and expects that it could be even longer.

Gold fell on Thursday, after the Federal Reserve's widely-anticipated move to boost U.S. growth lifted the dollar but pummelled global equities and hit the entire commodities complex.

Jefferies reiterated its positive stance on Digital China Holdings Ltd. as the underlying fundamentals of the company's business look strong particularly in the context of an uncertain macro environment.

The Federal Reserve's 'Operation Twist' to bring down bond yields and stimulate the economy is likely to cause pain for the nation's largest pension funds, already struggling with funding shortfalls from the recent stock market decline.

UBS CEO Oswald Gruebel will ask the board of the Swiss financial giant to back his leadership and keep its investment bank after a $2.3 billion loss blamed on a rogue trader piled pressure on him to scale back or even split off the division.

UBS CEO Oswald Gruebel will ask the board of the Swiss financial giant to back his leadership and keep its investment bank after a $2.3 billion loss blamed on a rogue trader piled pressure on him to scale back or even split off the division.

Outsourcing leader Tata Consultancy Services (TCS) sees opportunity as corporate customers embrace new technology, although a poor economy means that overall spending in the United States and Europe will stay weak.

UBS CEO Oswald Gruebel will stress to the board of directors that he wants the investment bank to remain part of Swiss bank's "integrated banking model" in meetings on Thursday and Friday, sources said, after rogue trading cost the bank $2.3 billion.

Stocks plunged late Wednesday after the Federal Reserve announced it will sell $400 billion worth of short-maturity bonds and reinvest in bonds with maturities of six to 30 years in the coming year. The program has been commonly referred to as Operation Twist.