INVESTMENT

Toronto's main stock market index fell sharply on Monday morning following a steep sell-off in global equities and commodities on mounting fears over Europe's debt crisis and slowing global growth.

Bank of America tried to grow at the peak of the U.S. financial disaster several years ago, acquiring Countrywide Mortgage and Merrill Lynch, the investment bank, but now the Charlotte, N.C.-based company is destined to shrink. The company disclosed plans on Monday to cut 30,000 jobs, as the nation's largest bank tries to cut costs as the U.S. economy continues in a slow-growth, high unemployment mode.

Berkshire Hathaway Inc expanded its succession plan for Warren Buffett on Monday, saying Virginia fund manager Ted Weschler will join the company to help oversee its investments from early next year.

European stocks were down 2 percent in late trade on Monday, with French banking shares hit by mounting fears over their exposure to debt-stricken countries, but the lack of a sell-off at the open on Wall Street helped the market trim losses.

Silver is set for a dramatic move higher, one that will even exceed the gains expected for gold, according to an asset manager for Dolefin, a Swiss investment advisers.

Guinea's parliament adopted a new mining code that more than doubles the share the West African state can take in mining projects to 35% and toughens procedures for acquiring development permits, the government said on Saturday.

Concerned over cover bonds and government-backed securities, JP Morgan Chief Executive Officer Jamie Dimon thinks that the Basel III banking regulations are anti-American.

Silver, bronze, ebony and plastics are seeing greater use in jewelery as surging gold prices put off price-conscious consumers, jewelery makers at an international trade fair said.

Withdrawals from hedge funds in September fell to their lowest level since before the credit crisis, as investors nervous over traditional 'safe havens' such as the Swiss franc and gold plumped for portfolios expected to make money in all seasons.

AT&T, Inc.(NYSE:T), the second-largest wireless carrier in the U.S., faces an uphill battle as the Department of Justice's (DoJ) action and upcoming Federal Communications Commission (FCC) action suggests a philosophy of too much wireless M&A too soon.

With Tim Cook taking over the role of Steve Jobs the question raised is whether he can fill the shoes properly. Certainly he can if he is capable of focusing on the below five dimensions of being an excellent effectual entrepreneur.

The World Bank is investing in a hedge fund in order to help banks reduce capital that new rules will force them to set aside against loans to small companies in emerging markets, the Financial Times reported on Monday.

The United States should consider pulling out of the Basel group of global regulators, Jamie Dimon, chief executive of JPMorgan Chase, said in an interview with the Financial Times.

Paul was affiliated with newsletters that were obsessed with racial subjects.

Musicians are likely to win longer copyright protection of their work in Europe next week, helping artists and record labels as music revenues decline, and bringing Europe closer into line with the United States.

A new report is saying AOL CEO Tim Armstrong is pushing hard for a merger between his company and Yahoo.

U.S. stocks tumbled on Friday after the top German official at the European Central Bank resigned in protest of the bank's bond-buying program, which has been a major tool in fighting the region's debt crisis.

The U.S. Department of Health and Human Services (HHS) on Thursday announced the availability of two funding opportunities for community health centers to help build, expand and improve community health centers across the U.S. to provide needed care to low-income Americans.

Investors are likely skeptical about the efficacy of Obama’s jobs program and whether or not such a massive scheme would pass Congress.

China and the United States should reduce trade and investment barriers to create jobs, U.S. Ambassador to China Gary Locke said on Friday, striking a broadly cooperative tone in his first official public address since assuming the position in August.

McDonald's Corp (MCD.N) reported a lower-than-expected rise in worldwide August sales at established restaurants on a steep drop in Japan and a lull in new product launches in the United States.