INVESTMENT

US Foreclosures Have Modest Impact On Nearby Home Prices: NBER

Foreclosed properties in the U.S. cause only a modest decline on the home prices of nearby properties, and the effects go away a year after the distressed property is resold, according to a working paper by the National Bureau of Economic Research.

Why GM Actually Is Getting Its Money's Worth From The Chevy Volt

A 2012 Chevrolet Electric Volt gets charged at a charging station at a Chevrolet car sales lot in Troy, Michigan
General Motors Company (NYSE: GM) may be losing money on the Chevy Volt at present, but the long-term benefits of early R&D in electric vehicles, improvements to brand image and improving sales volumes should ultimately make it a wise decision for the company.
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An employee seals a stack of yuan banknotes at a branch of Industrial and Commercial Bank of China in Huaibei

China Factory Growth Slips In August

China's factories ran at their slowest rate for 39 months in August while a double-digit rise in fixed asset investment showed that infrastructure spending remained key to economic growth.
Honduras

Honduras' Charter Cities: Potential Economic Miracles or New 'Banana Enclaves'?

Honduras is implementing a bold new plan to establish independent "charter cities" that will operate under separate laws in a bid to draw more foreign investment. Proponents says the plan will create thousands of jobs and spur economic development in the rest of Honduras, while critics say they will only open the door for corporations and other governments to exploit cheap labor and neoliberal tax laws.
Myanmar

Coke, GE Step In As Ex-Pariah Myanmar Opens To Foreign Investment

After breaking from decades of military rule, Myanmar's parliament ratified legislation promoting foreign investment on Friday, opening the southeast Asian country to investment from companies like MasterCard Inc. (NYSE: MA), the Coca-Cola Company (NYSE:KO) and General Electric Co. (NYSE: GE).
Square Enix

Square Enix Declares Own Cloud Gaming Portal 'Selfish', Discusses OnLive Situation

Square Enix’s cloud-based gaming portal Core Online was born out of a “selfish” need to grab more gamers, according to the company. While Square Enix would obviously want more people to enjoy their various titles including the upcoming “Hitman: Absolution” and “Tomb Raider,” the company also offers browser-based versions of games like “Mini Ninjas” and “Hitman: Blood Money.”
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Asian Shares Rise After ECB Move, Awaiting US Payroll Data

Asian shares rose and the euro steadied Friday after the European Central Bank outlined its bond-buying scheme to help calm the euro zone's debt crisis, while firm U.S. data fed speculation of a strong jobs report later in the day.
Adele and Simon

Will Adele Flaunt Her Baby Bump At The MTV VMAs? [PHOTO]

Snapshots of Adele's baby bump were taken last week and excitement over the Grammy-winning songstress soared. Last year Adele stunned the audience at the MTV VMAs with her stellar performance, but will the public debut of her baby bump do the same this year?
Petrol price

Finance, Oil Ministries Push for Fuel Price Increase

The finance and oil ministries are lobbying for an increase in prices of diesel, kerosene and LPG, warning cabinet colleagues that time is running out to avert a fiscal disaster and a sovereign credit downgrade to junk by global ratings agencies.
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Is Russia's APEC Summit A $21 Billion Waste?

The government is suspected of having spent billions to promote Vladivostok as a major new hub on the Pacific rim, but there are plenty of doubts about whether that will really happen.
Gottfrid Svartholm, one of the founding members of the Pirate Bay

Sweden Gives Cambodia $59M After Pirate Bay Founder's Arrest

After Gottfrid Svartholm was arrested in Cambodia, the Internet was awash with rumors of governments working together to combat online piracy. Those rumors appeared to be confirmed Wednesday when it was announced Sweden would give Cambodia $59 million after the news broke that the Pirate Bay co-founder would be extradited.
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Newly Elected Parti Quebecois Wants To Raise Mining Fees, Scaring Businesses

After seizing minority control of Quebec's legislature and premiership on Tuesday, the separatist Parti Quebecois is seeking to increase mining royalties and individual taxes, which could impact companies like Cliffs Natural Resources (NYSE: CLF), Rio Tinto Group (NYSE: RIO) and Xstrata Plc (London: XTA).

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