INVESTMENT

S.Africa's Mediator Sees Possible End to Fuel Strike

An employee holds a gas pump to refill a car at a petrol station in central Seoul April 6, 2011.
Striking workers in South Africa's petroleum sector are discussing a revised wage offer to end a three-week-old walkout as stoppages spread to the vital mining sector, threatening supplies of coal and gold.

Wall Street Slides on Earnings, Economy

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Wall Street skidded on Wednesday as troubling signs from U.S. corporations and falling demand for long-lasting manufactured goods discouraged investors already nervous about faltering debt talks in Washington.
Amazon Founder, CEO Jeff Bezos

Amazon: The Most Competitive Business Ever Built?

Jeff Bezos and Amazon have unique competitive advantage, some analysts say. They suggest Amazon is succeeding bigger, and faster, than Wal-Mart did, becoming the world's largest retailer. That begs the question: Has Amazon built the most competitive business ever?
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How to play it: Swiss francs, gold thrive in debt crisis

It's not too late to find investor-friendly exchange-traded funds specializing in safe-haven currencies and precious metals, experts say, though the August 2 deadline for raising the U.S. debt ceiling is days away. For more intrepid individuals, there are even some tech ETFs that seem to be holding their own.
A gold bar carrying the Euro sign

Gold flat after hitting record

Gold held steady on Tuesday after the last session's record high, as investors stayed on the sidelines, watching the stalemate in Washington's budget talks to avert a ratings downgrade or default.
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Amazon revenue surges

The largest Internet retailer benefited from growth in e-commerce, though margins continued to be pressured by heavy spending on distribution, technology and digital content.
Petrol

KenolKobil posts 86 pct H1 pretax profit jump

Kenyan fuel marketer KenolKobil posted an 86 percent jump in first-half pretax profit to 3.22 billion shillings on Tuesday, helped by a 38 percent rise in sales and lower distribution costs.
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Number of Kenyans in need of food aid to jump: UN

The number of Kenyans who will need food aid due to drought will rise to 3.5 million by September, the United Nations said on Tuesday, while European officials warned such crises would flare up again unless more money was directed at prevention efforts.
Soros Fund Management Chairman, Soros, attends a session at the World Economic Forum in Davos

Soros to return outsiders' hedge fund money

Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself and his family as new regulations threaten to crimp the hedge fund industry he made famous.
UAW Contract Talks

Ford's Near-Term Future Riding on UAW Talks

Ford's near-term success is riding on getting a new UAW contract that controls labor costs for the next four years. If Ford is successful, the company's costs paid for debt will improve with a credit rating upgrade.
Angela Merkel

Europe's "Marshall Plan" for Greece May Disappoint

Europe is promising to help kick-start economic growth in Greece as a way of dragging the country out of its debt crisis, but the scheme looks likely to move too slowly to have much impact in the next couple of years.
Nissan says aims to nearly double China sales by 2015

Nissan says aims to nearly double China sales by 2015

Nissan Motor , the largest Asian automaker in China, plans to nearly double its annual sales in the country to 2.3 million vehicles by the end of 2015, the company said on Tuesday, as it accelerates its expansion in the world's largest auto market.
President Barack Obama

Obama: 'Balanced Approach' Is Best Debt Deal

President Barack Obama, in an address to the nation Monday night, reiterated the need for a "balanced approach" to deficit reduction -- one that includes both substantial budget cuts and revenue increases, and he warned that if the debt ceiling is not raised, it would trigger a "deep economic crisis."
Traders work on the floor of the New York Stock Exchange

Futures slump as debt talks result in no deal

U.S. stock index futures fell sharply on Sunday as failure so far by the government to strike a deal on the debt ceiling made the prospect of default -- once considered an impossible outcome -- more likely.
Larger Retirement Funds

Assuming a U.S. Default, Where Should You Put Your Money?

For most Americans, talk of a U.S. Government default is a little complex. What the American people really want to know is, assuming the U.S.Government defaults, where should one consider putting a portion of their money? Glad you asked.
Traders work on the floor of the New York Stock Exchange

Stocks Fall, from Debt Ceiling Stalemate

Stocks tumbled on Monday as political brinkmanship in Washington over the debt ceiling sparked fears of a U.S. rating downgrade, sending world equities lower and pushing gold to a record high.

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