INVESTMENT

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.

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.

Gold held steady near a record high on Wednesday after a Franco-German summit failed to convince investors that the euro zone debt crisis would be solved effectively, supporting safe-haven demand for bullion.

China Life , the world's biggest insurer by market capitalisation, has become the first Chinese insurance company to be granted a license to form a private equity fund, a local newspaper reported on Wednesday.

Chinese Vice-Premier Li Keqiang said China will soon allow foreign investors to buy mainland securities using yuan up to an initial quota of 20 billion yuan ($3.1 billion), a move aimed at promoting international use of the Chinese currency.

KCET, the former PBS station serving Southern and Central California, has entered a partnership with Eyetronics Media and Studios to produce and acquire new series, the companies announced Tuesday. Under the agreement, Eyetronics will provide up to $50 million in funding for the new programs, which will start production in the fall.

Jeffrey Gundlach thought it was "quite likely" that DoubleLine Capital, the firm he launched after being fired by his former employer, was going to fail six months after its formation, he said in court.

PayPal co-founder and early Facebook investor Peter Thiel recently detailed his support for Seasteading Institute, an organization that promises floating libertarian nations on oil rig-type platforms.

Airports in Virginia, including the mammoth Washington Dulles International, generated $28.8 billion in economic activity in 2010, the states' governor, Bob McDonnell, said.

In the midst of the economic slowdown, half the assets managed by the world's largest fund managers are now pension fund assets.

Long famous for its top-notch highways and passion for cars, the United States is letting bridges rust as traffic chokes overburdened roads, threatening a pillar of its economic strength.

Sales at Wal-Mart Stores Inc's U.S. discount stores open at least a year fell 0.9 percent during its second quarter, marking the ninth straight quarterly decline as it tries to lure back bargain hunters.

Debt concerns in Europe and a tepid U.S. economy have made for a bumpy stock market of late, to day the least. However, because one-day events can deceive, let's pull the lens back and do a condensed, cross-methodological analysis of the Dow Jones Industrial Average, to see if it reveals any long-term clues.

Risk-averse real estate investors are flocking to multi-family dwellings to wait out the economic slump.

The timing of the acquisition suggests that Google's move was more an act of desperation rather than a planned strategic move

Half of the assets managed by the world?s largest money managers are now pension fund assets.

The statistic office indicated that while German exports grew, imports also sharply rose.

The largest gold fund players including hedge fund titan John Paulson stuck with their bullion bets in the second quarter, opting not to follow George Soros who further reduced his gold ETF holdings.

Gold prices rose on Tuesday as concerns over the financial health of the euro zone resurfaced ahead of a summit in Paris between French and German leaders, at which they will try to thrash out a solution to the bloc's debt crisis.

Samsung in the Netherlands is rolling out Galaxy Tab 10.1, which is otherwise banned in Europe after Apple won an injunction against Samsung for violating its intellectual rights to its iPad.

German gross domestic product growth slowed more than expected in the second quarter, weighed by a negative trade balance, flagging consumption and weak construction investment, the statistics office said.