INVESTMENT

What the Seriously Rich are Doing wtih Their Gold

Gold bullion
Some of the world's richest families are cutting their holdings in gold to take profits on the run-up in prices and are buying high-end art to preserve their wealth during market turmoil, an executive advising these families.

Is Domino's Going to Sell Pizza on Moon Without 'Base'?

Domino's Pizza on the Moon
The Japanese branch of Domino's, which announced opening a new branch on the moon, has made many claims on its Web site dedicated to the new venture. However, when it comes to finding the base for its pizza joint on Earth's only known natural satellite, it has nothing major which can back the announcement as a proper business plan.
A Bank of America shareholder walks into the corporate headquarters prior to the start of the annual shareholders meeting in Charlotte

Fed Asks BofA to Draft Contingency Plan: Report

The Federal Reserve has asked Bank of America Corp to show what measures it could take if business conditions worsen, the Wall Street Journal said, citing people familiar with the situation.
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Elvis fans wait to tour Graceland during Elvis Presley's 75th birthday celebration in Memphis

Elvis Estate taps Finance Firm to Sue Arista

Elvis Presley's estate is turning to a litigation-finance firm to sue Arista Music in Germany for unpaid royalties from ringtones, downloads and apps that feature the icon's hit songs.
Sheets of palladium

3 Reasons to Invest in Palladium

The value of palladium, the least known of the world's four major precious metals, is set to rise this year, perhaps more sharply than its more popular cousins.
Kenya

Kenya interbank rate tumbles, stocks drop

Kenya's interbank lending rate tumbled to 19.2515 percent on Tuesday from 27.7299 percent the previous day, central bank data showed on Thursday, as the bank's action last week to bring down interbank rates filters through the market.
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Solyndra Files Bankruptcy, Federal Loan Guarantee Given In Vain

Wednesday, a solar cell manufacturing company Solyndra announced it would seek Chapter 11 bankruptcy protection. The Fremont, California-based solar company will lay off all of its 1,100 workers and close down the factory which was built through the fed's loan guarantee.
Polanski speaks during the 36th Cesar Awards ceremony in Paris

Polanski Film Cheered for Wit, Winslet's Vomit

He may have been absent, but Roman Polanski made his presence felt at the Venice film festival on Thursday with his comedy Carnage, in which Oscar-winner Kate Winslet's projectile vomit prompted the biggest laugh.
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Australia's Telstra Moves Closer to Sealing Broadband Deal

Australia's dominant phone company, Telstra Corp, will be $5 billion better off working with the government's new high-speed broadband network than competing against it, an independent expert said, paving the way for shareholder approval.
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TCW rests case against star bond manager Gundlach

Trust Company of the West rested its court case against its former chief investment officer, star bond fund manager Jeffrey Gundlach, in the high-stakes trial that has drawn the attention of the financial services industry.

Australia's Telstra moves closer to sealing broadband

Australia's dominant phone company, Telstra Corp, will be $5 billion better off working with the government's new high-speed broadband network than competing against it, an independent expert said, paving the way for shareholder approval.
AT&T

AT&T Vows to Fight DOJ Lawsuit Blocking Merger With T-Mobile

A general counsel at AT&T said the company will fight an antitrust lawsuit suit the Department of Justice filed on Wednesday. Wayne Watts, who serves as both senior executive vice president and general counsel for AT&T, said the lawsuit from the Justice Department has surprised and disappointed him, especially in light of the fact that the government agency gave no indication that it was planning to take such actions.

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