INVESTMENT

A gold mine collapsed on Wednesday in a remote Colombian jungle, killing seven workers and adding to the troubles of the country's mining sector.

In July, Nomura said it would seek to reduce annual expenses at its wholesale unit by about $400 million.

Yahoo's board of directors is scheduled to meet Wednesday, and besides hearing presentations from investment adviser Allen & Co., it's also under a new threat from Daniel Loeb's Third Point fund.

Shares of China-focused Silvercorp Metals slipped again on Wednesday, a day after more short-sellers publicized a string of allegations against the company.

Gold fell by nearly 1 percent on Tuesday after European leaders appeared to take a fresh step toward quelling the euro zone debt crisis, which dented other safe-haven assets, in spite of more data highlighting the fragility of the U.S. economy.

JPMorgan Chase & Co. expects capital markets activity, both debt and equity, to decline by 30 percent and investment banking fees to decline to $1 billion in third quarter of 2011 from $1.9 billion last quarter.

Gold prices fell Wednesday as stock markets in Europe posted gains from European Commission plans to push euro zone bonds and China's premier expressed support for struggling European countries.

Mining projects worth $260 million were approved in the first half of 2011, over triple the same period last year, the president of the country's chamber of mines said on Wednesday.

Gold eased on Tuesday, taking its cue from the decline on the stock market after a downgrade of the debt of two major French banks because of their holdings of Greek debt.

Spot gold reversed early gains and lost half a percent on Wednesday following sagging equities, after rating agency Moody's downgraded two of France's top banks and fueled fears of a full-blown banking crisis in the euro zone.

It doesn't do email, the internet, have a camera, games or GPS navigation, but a new mobile phone from Denmark is literally solid gold.

Microsoft unveiled Windows 8 at its Build conference in Anaheim today, demonstrating its operating system on PCs, laptops, and tablets. Will Microsoft finally be able to compete with Apple in the tablet space?

Add Ciena to the list of undervalued companies that have attracted activist investors. MIPS Technologies, Openwave Systems, Yahoo, Research in Motion and maybe Motorola Solutions to the ranks of endangered companies.

Star bond fund manager Jeffrey Gundlach and his inner circle plotted to destroy Trust Company of the West by forming a competing firm while they were still employed by TCW, a TCW attorney said in closing arguments in a trial over alleged theft of trade secrets.

Intel Capital, the in-house arm of the world’s biggest chipmaker, has seeded seven small companies in hopes they will swell into profitable ventures. The move comes a month after Intel announced its $300 million Ultrabook initiative for tablets and ultralight products.

The World Bank on Tuesday said it officially recognized the ruling National Transitional Council as Libya's government and had been asked to help lead efforts to restore vital services and develop jobs programs as the country tries to return to normal after a six-month war.

African farm yields may fall as much as 20 percent in the next four decades because of climate change, placing a huge burden on a continent whose population is set to double by 2050 to two billion people, a conference heard on Tuesday.

Tom Perkins, co-founder of Kleiner Perkins and the backer of companies ranging from Genentech to Google, believes much of the venture-capital industry has set itself up for failure.

Shareholders of U.S.-based Century Mining Corp. approved an all-stock takeover by Canada-based White Tiger Gold Ltd, Century said Tuesday.

Guinea is launching a comprehensive review of mining contracts to root out 'unconscionable provisions' granted by previous administrations in the West African state, Mines Minister Mohamed Lamine Fofana told Reuters.

Oil prices have been flattening since rallying in August.