MANAGEMENT

Traders work on the floor of the New York Stock Exchange

Banks drag Wall Street lower as fear returns

Fear returned to Wall Street on Wednesday, sending the S&P 500 to another 4 percent decline, triggered by worries that Europe's debt crisis could engulf French banks and spill onto the U.S. financial sector.

'Angry Birds' Migrates to Baby Products

Get ready for Angry Birds baby products
The Angry Birds will soon fly to your home and become your kids' pal. Rovio, the developer of the smash hit casual game Angry Birds, has signed a new licensing deal with SwaddleDesigns, which specializes in the manufacturing of baby products. This move comes after Rovio's foray into toys paid off.
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Spot Gold Price Hits Record High

Gold hit fresh record highs on Wednesday as U.S. stock markets resumed their decline on concerns over the U.S. and euro zone economies, and after the Federal Reserve said U.S. interest rates would stay near zero for at least two years.
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ON Semiconductor Upgraded at Jefferies

Jefferies & Co. upgraded its rating on shares of ON Semiconductor Corp. (NASDAQ: ONNN) to "buy" from "hold" while maintaining its price target of $9.50.
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Wall St rebounds as Fed promise soothes

U.S. stocks clawed back most of Monday's losses as a U.S. Federal Reserve promise of at least two more years of near-zero interest rates overshadowed its warning about slowing economic growth. The Fed's statement gave markets a glimmer of hope, with stocks' gains accelerating into Tuesday's close.
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Bonds fund star Gundlach to face grilling at trial

Jurors will finally have a chance to hear directly from Jeffrey Gundlach when the outspoken "king of bonds" takes the stand, expected as soon as Wednesday, in his high-stakes courtroom battle with his former employer, Trust Company of the West.
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CI Financial profit up nearly 10 percent

CI Financial Corp (CIX.TO: Quote) said on Tuesday that higher asset levels led to a 9.8 percent gain in its quarterly earnings, just a tad off expectations, but that recent market weakness was pressuring assets under management.
Soy Supplement

Soy Not Good For All

For those who believed Soy supplements could relieve one of menopausal symptoms and bone loss in women, a new research data proves soy isoflavone supplements does little to ease menopausal symptoms or help bone loss in women.
The Facebook logo is shown at Facebook headquarters in Palo Alto

Facebook Increasingly Used by Job Recruiters

A growing number of companies are mining Facebook for new employees, eschewing both conventional means like job postings and competitors like LinkedIn, the Wall Street Journal reported.
A South African child holds a 50 rand note in a file photo.

S.Africa c.bank to retain reserves composition

South Africa's Reserve Bank sees no reason at this stage to make any significant changes in the make up of its foreign currency reserves, the Bank said on Monday, after Nigeria and Mauritius announced plans to diversify their own holdings.

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