INVESTMENT

Hisashi Mori, an ex-vice president of Japan's disgraced Olympus Corp., has been questioned by Japanese prosecutors on a voluntary basis as part of an investigation into an accounting scandal at the 92-year-old firm, media said Saturday.

Goldman Sachs Group Inc. has promoted 261 employees to managing director positions, according to an internal memo sent this week. It is the lowest number since 259 were promoted to similar positions in 2008.

Amazon.com Inc almost breaks even on every Kindle Fire tablet it makes and sells, IHS iSuppli estimated on Friday, underscoring the aggressiveness with which it tried to rein in the cost of a device that spearheads its foray into the tablet market.

India Inc has lost its swagger. Slowing growth, stubbornly high inflation, rising interest rates have dampened investor and corporate sentiment.

Cameroon will raise spending 8.9 percent in 2012 in an effort to stimulate the economy of the oil-producing central African state, according to a draft budget due to be delivered to parliament on Friday.

Balanced budget amendment fails to pass house

The Balanced Budget Amendment will see the floor of the House of Representatives today, the first step in what could be a long road to adding it to the Constitution.

During famed fund manager Bill Miller's 15-year streak of outperforming the S&P 500, he was often held up as proof that stock picking wasn't just dumb luck. It required skill.

Negative rumors have turned Jefferies Group Inc. into the latest financial whipping boy. A controversial report from ratings agency Egan-Jones, which the firm has stood by, has spooked the markets. Jefferies is insistent that it remains solid. Who will investors believe?

The Rhode Island legislature passed a pension overhaul bill that will raise the retirement age for most public workers, suspend cost-of-living adjustments and combine guaranteed pensions with 401(k)-style accounts. Proponents say the overhaul is necessary to save the state's foundering pension system, but public workers' unions cried foul.

A former senior UBS banker who helped the U.S. government expand its crackdown on offshore tax evasion was sentenced to five years probation on Friday for advising wealthy Americans on ways to hide their money from U.S. tax authorities.

Box.net finally launched its Box Innovation Network (/bin), a service where developers can create APIs for enterprise and mobile applications on Box's cloud platform.

The new austerity measures are expected to be opposed by the country’s powerful trade unions.

Shares in Swiss bank UBS rose on Friday as investors welcomed its pledge to start paying dividends again, though its plans to trim its scandal-hit investment bank failed to go as far as some had hoped.

Activist investor Ralph Whitworth is joining Hewlett Packard Co's board after taking a small stake in the Silicon Valley behemoth, a move that may cheer many on Wall Street frustrated by the company's recent decisions.

Richard Branson's Virgin group has got the green light to tap mobile phone services in Mexico, a market with high penetration that would require big money to attract customers and build brand recognition.

Poker News Report says defrauded players are getting anxious

The job cull would slash the number of bankers to 16,000.

Citibank has sold servicing rights for a $2.6 billion real estate loan portfolio to CWCapital LLC, the companies announced on Wednesday.

Disappointing figures from South African firms such as Impala Platinum and investment bank Investec put a dampener on stock prices, dragging the blue-chip top-40 index nearly 1 percent lower on Thursday.

As winter draws in across Canada's northern Yukon territory, big mining companies are prospecting for bargains among the army of junior explorers staking claims in what's shaping up as the region's second big gold rush.