The family of New York Mets principal owner Fred Wilpon might sell minority stakes in the baseball team because of a lawsuit that seeks to recover money from Bernard Madoff's massive Ponzi scheme.
Gold Bullion prices failed to rally from last night's tumble in Asian and London trade on Friday, extending the month's sharp losses and hitting to four-month lows in the US Dollar and six-month lows against the Swiss Franc and commodity currency Aussie and Canadian Dollars.
The China Gold Association estimates... that the demand for gold in the first half of the year will rise by 15 percent year on year, citing growing demand for alternative investments and protection against inflation, said Commerzbank in a note.
Hedge fund SHK Asset Management liquidated a U.S. gold futures position this week valued at over $850 million, more than 10 percent of the main U.S. futures market, the Wall Street Journal reported on Friday.
The U.S. gross domestic product (GDP) grew 3.2 percent in the fourth quarter of 2010, according to an advanced estimate by the U.S. Commerce Department, up from 2.6 percent growth in the third quarter.
Eric Schmidt, Goggle’s outgoing Chief Executive has expressed his intention to expand the firm’s business in china, said a report by BBC
Hedge-fund manager John Paulson made a profit of more than $5 billion personally last year which is likely the largest single-year gain in investing history, says a media report.
The companies that reported earnings before the markets open on Friday are: Ford Motor, Chevron Corp., Honeywell International, Dominion and Dover.
Texas billionaire Allen Stanford, who is accused of running a massive $7-billion Ponzi scheme, is incompetent to stand trial and must go to a rehabilitation center for addiction to pain medication, a U.S. judge in Houston has ruled. The following are key facts about the disgraced business magnate and a timeline of his legal battle:
LinkedIn Corp announced plans to go public this year in what could be a test of investor appetite for social networking websites ahead of a highly anticipated Facebook offering.
Borders Group Inc received a financing commitment from GE Capital, providing a potential lifeline to the troubled bookseller, but said it would also explore options, including an in-court restructuring.
China will carefully open up its yuan to more trading based on market needs and plans to double its level of imports in five years, its commerce minister said on Thursday, as the country liberalizes its economy, now the world's second largest.
Gold fell more than 2 percent on Thursday, after a raft of positive economic data from the United States and more hawkish signals from some other central bank officials have sparked speculation that certain major economies would move to raise interest rates sooner than previously thought.
Jamie Dimon, the chief executive officer of JP Morgan Chase (NYSE: JPM) defended the banking industry during a question-and-answer session with the media at a symposium at the world economic forum in Davos, Switzerland.
Susilo Bambang Yudhoyono, President of Indonesia, set out his vision for “sustainable and balanced” growth in the 21st Century, at Davos world economic forum.
China's annual inflation will probably top 6 percent around the middle of 2011 before losing steam in the second half of the year, the Bank of Communications said on Thursday.
Kenya's central bank cut its benchmark lending rate on Thursday for the first time since July, in a surprise move seen as a bid to curb rising Treasury bill and bond yields.
Ghana is on track for a record 800,000-tonne cocoa harvest this season, the head of sector body Cocobod told Reuters on Thursday, adding that any impact from smuggling from neighbouring Ivory Coast was limited so far.
Weeks of unrest in Tunisia will hit economic growth, frighten away tourists and discourage foreign direct investment which could fall by up to a third this year, Fitch Ratings said on Thursday.
Libya has set up a $24-billion fund for investment and local development that will focus on providing housing for its rapidly growing population, the online Oea newspaper reported on Thursday.
The top companies trading higher in NASDAQ stock market during Thursday's early session are: Berkshire Bancorp, WSB Holdings, Bassett Furniture Industries, Arctic Cat, and Netflix. The top companies trading lower in NASDAQ stock market during Thursday's early session are: Hawkins, Princeton National Bancorp, Span-America Medical Systems, ShoreTel, and First Financial Bancorp.
Invesco Ltd , one of the largest U.S. mutual fund companies, reported a higher-than-expected quarterly profit as it benefited from a big acquisition and increases in global stock markets.
