INVESTMENT

Kerkorian sheds 20 million MGM shares; stock tumbles

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Billionaire investor Kirk Kerkorian's Tracinda Corp disclosed in a filing that it sold 20 million shares in gambling and resort operator MGM Resorts International on Wednesday, leaving it with a 22.8 percent interest.
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U.S. Stock Market

Stock Market Plummets, When Does NYSE Pause Trading?

The Dow Jones Industrial Average took a nose dive during Thursday trading, dropping more than four percent at times during trading. As the stock markets dropped across the board it raises the question -- at what level do circuit breakers cut in to stop a stock market from crashing?
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Gold Rallies Toward Record High

Gold rallied back toward record highs above $1,800 an ounce on Thursday, driven by unease over the lack of a solution to the European debt crisis and sluggish growth in the developed world which has shaken investor confidence in stocks, bonds and hard currencies.
Swiss Franc banknotes of several values lie on a table before being sorted in a money counter in a Bank in Zurich

Growth Worries Hobble Stocks; Swiss Franc Slips

European equities followed Asian stocks lower Thursday as investors fretting about the global growth outlook cut exposure to riskier assets, while the Swiss franc fell on talk the central bank was intervening in the forwards market.
U.S. President Obama waves alongside his bus in Cannon Falls

Obama to Unveil Economic Plan in September Speech

The White House on Wednesday said President Barack Obama would unveil fresh ideas to jump-start the economy and cut deficits, but details offered so far appeared to be a compilation of old proposals.
GOP

Will Moody?s Downgrade US ?AAA? Rating?

Following Fitch?s affirmation of ?AAA? rating to U.S. debt, which was in sharp contrast to S&P?s downgrade, the focus now turns to whether Moody?s will retain top rating for the US.
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Britain's Sage is frontrunner for software firm MYOB: sources

British business software company Sage Group Plc is the frontrunner to buy Australian peer MYOB Ltd, three sources familiar with the matter told Reuters on Wednesday, with one source saying the company has bid up to A$1.4 billion ($1.5 billion).
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European Trading Nudges Gold Higher

Gold edged higher for a third day on Wednesday, propelled by investor unease over the fate of the euro zone after a Franco-German summit yielded no lasting solution to the regional debt crisis and riskier assets such as stocks eased.

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