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Gold Shoots to Record High on Global Fears

Gold charged to a record high early Friday in electronic trading as a host of bad economic news from around the world drove investors away from stocks for the safety of the yellow metal.
An HP Invent logo is pictured in front of Hewlett-Packard international offices in Meyrin near Geneva

HP's Bold Move: CEO Apotheker Reinventing Company

In a bold move, Apotheker -- who took the job as HP CEO in November -- has decided to spin off the company's PC unit that accounted for 30 percent of sales in the most recent quarter. But it's not hard to understand why, since HP's PC unit, despite being the largest in the U.S., generated only a 5.9 percent operating margin.
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Gold Rallies more than 2 Percent to Another Record

Gold prices rallied more than 2 percent to a record highs on Friday as investors sought refuge from a second day of hefty losses on the stock markets, hurt by deepening concerns over slowing economic growth and the outlook for euro zone banks.
California state worker Curtis Walker looks over retirement plan brochures at the Calpers regional office in Sacramento

Retirement Plans Add Options Against Inflation: Mercer

Mutual funds and other vehicles that purport to help investors fight inflation are the most popular new investment strategy being adopted by corporate retirement plans, according to a new survey released on Thursday.

Biden Tries to Reassure Chinese on U.S. Debt

U.S. Vice President Joe Biden said Friday China had nothing to worry about concerning the safety of its vast holdings of Treasury debt, while China's Premier Wen Jiabao gave a ringing endorsement of the resilience of the debt-ridden U.S. economy.
A photographer looks at the DAX index board at Frankfurt's stock exchange

Global Stocks Routed, Gold Soars

An ugly sell-off in global stocks gathered pace on Friday, on mounting concerns the U.S. economy is heading into another recession and as some European lenders faced a short-term funding crunch, highlighting the risk of a banking crisis.
For Discussion: U.S. / Global Stock Markets

European Markets Follow Asia on Downward Slide

An ugly selloff in global stocks gathered pace Friday, on mounting concerns the U.S. economy is heading into another recession and as some European lenders faced a short-term funding crunch, highlighting the risk of a banking crisis.
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European Stocks Open With Drop, Following Asia

Global stocks ceded more ground Friday, hurt by mounting concerns the U.S. economy is heading into another recession and as some European lenders faced a short-term funding crunch, highlighting the risk of another banking crisis.

Bank of America Reported Cutting 3,500 Jobs

Bank of America is cutting 3,500 jobs this quarter and working on a restructuring that could eliminate thousands of additional positions, the Wall Street Journal reported, adding to a slew of layoff by major banks.
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Key facts about India's gold industry

India's centuries-old gold industry is the world's biggest market for the metal, with imports meeting almost all the country's 800-900 tonnes per year requirements for jewellery and investment.

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