Gold rose on Thursday after two days of sharp declines, as tumbling European and U.S. equity markets sparked by talk that Germany might enact a short-sale ban prompted investors to buy gold as a safe haven.
Trust Co of the West worked for months in secret to acquire an entire firm to replace its star bond fund manager Jeffrey Gundlach and his mortgage-backed securities department before terminating him, TCW's chief executive testified in court.
China hopes that Europe will take steps to protect China's investments there, Chinese President Hu Jintao told the French President Nicolas Sarkozy on Thursday, nonetheless voicing confidence in the euro and vowing to keep investing in it.
China's planned deregulation in October of its fund distribution business has drawn interest from both independent advisers and locally-incorporated foreign banks, as they eye a slice of the market dominated by Chinese banks.
UBS cut its 2011 and 2012 growth forecasts for China on Thursday to reflect weaker growth prospects in developed economies, saying the central bank may relax policy if the world's second-largest economy falters.
China home grown sport brand Li Ning Co Ltd. , which posted a 50 percent fall in its first half profit, said the operating environment is expected to remain challenging on intensifying competition among brands and escalating cost.
China's main state-owned companies will double their investments in the restless far western region of Xinjiang over the next five years to 991.6 billion yuan ($155 billion), a major Chinese newspaper reported on Thursday.
Gold Fields Ltd., a major gold mining company, warned Thursday that there were several Web sites that use Gold Fields branding and purport to be investment vehicles on behalf of the company.
Popular travel site CouchSurfing has picked up a $7.6 million investment to become a for-profit company.
Bank of America's shares skyrocketed 25 percent on Thursday after announcing Warren Buffett's $5 billion investment in the company.
You've got to put your money somewhere, right? Under the mattress doesn't really work as a retirement program. It's lumpy, vulnerable to theft and your kids might find it.
Steve Jobs stunning resignation as CEO of Apple on Wednesday and subsequent recommendation of Tim Cook to take his spot led to the question -- who is that guy?
The top pre-market NASDAQ Stock Market gainers are: TiVo, Clean Energy Fuels, F5 Networks, SodaStream International, and Prospect Capital. The top pre-market NASDAQ Stock Market losers are: Sigma Designs, Applied Materials, Infosys Technologies, Vodafone Group, Randgold Resources, and Apple.
Commodities trader Glencore International posted a 50 percent rise in headline first-half profit and said it saw opportunities emerging from turbulence in its key markets as commodity demand remains strong.
Muammar Gaddafi will try to sell part of Libya's gold reserves to pay for his protection and sow chaos among tribes in the north African country, said his former central bank governor Farhat Bengdara.
For Eriko Ebina, standing outside a downtown Tokyo medical equipment store that has a side business buying gold, the recent surge in prices for the precious metal was just too tempting.
Gold extended losses on Thursday to fall as much as $200 from Tuesday's record high, as investors cashed in scorching gains in the metal after the CME Group hiked trading margins for the precious metal for a second time this month.
Finnish handset maker, Nokia, has launched two new phones, both of which are highly affordable. These are the Nokia 101 which comes at a cost of $36 (EUR25) and Nokia 100 that costs $28 (EUR20).
Steve Jobs' stunning resignation as CEO of Apple could have a major impact on the company's stock price during Thursday trading.
Trust Company of the West CEO Marc Stern asked his legal team to monitor the emails of ex-employee and star bond fund manager Jeffrey Gundlach after growing suspicious of his intentions to start a new firm, the CEO testified on Wednesday.
The independent Financial Industry Regulatory Authority warned investors Wednesday about investment scams that promote gold stocks whose real value is difficult to calculate.
Gold fell Wednesday in electronic trading as investors took profits, economists heralded a positive indicator and Wall Street held its collective breath that the chairman of the U.S. central bank would signal support in a key speech later this week.
