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Gold Price Rises Despite Investors' Greater Risk Appetite

Gold bullion
Global demand for gold lifted the price of the yellow metal Wednesday, countering a growing appetite for risk among U.S. investors, many of whom expect the Federal Reserve to come to the aid of the U.S. economy, perhaps as early as September.
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Data Shows Softening in Economy, no Recession

The pace of U.S. private sector job growth slowed in August for the second month in a row, but factory activity in the Chicago area continued to expand, suggesting the economy would dodge a recession.
New York Yankees' Cervelli is held back by Boston Red Sox's Saltalamacchia and home plate umpire Capuano after getting hit by a pitch during their MLB American League baseball game in Boston

Yankees Overcome Red Sox in Fiery Battle

The New York Yankees enjoyed a rare success over bitter rivals the Boston Red Sox on Tuesday, the 5-2 victory in a hot-tempered affair enabling the visitors to tighten the battle for supremacy in the American League East.
Hurricane Irene Trenton

Hurricane Katia Path 2011: Another Storm Strengthens While Irene Pickup Continues

While parts of the East Coast hard-hit by Hurricane Irene manage the damage and despair in Connecticut, New Jersey and Vermont another storm is cranking up in the Atlantic -- Tropical Storm Katia is on a path to become Hurricane Katia 2011 later Wednesday, according to the National Hurricane Center. The threat of Katia comes just days after Irene battered the Caribbean and the U.S. It's too early to tell if Katia will also hit the U.S.
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Texas Judge Strikes Down Abortion Restrictions

A federal judge on Tuesday blocked provisions of a Texas law that required doctors to describe sonogram images to patients before performing abortions, ruling that it violates the doctors' free speech.
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Spot Gold Price Falls in European Trading

Gold fell on Wednesday after a near 3 percent rally the day before sparked by Federal Reserve comments on possible measures to boost U.S. growth, and the bullion price is still set for its biggest monthly gain in nearly two years.
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Russia's Mail.ru Raises 2011 Growth Forecasts

Russian internet investment group Mail.ru raised its full-year revenue growth forecast to 50 percent from 40 percent on Wednesday after sales and profit rose at its social network, online gaming and e-mail activities in the first half.
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U.S. Stock Futures Advance

Stock index futures pointed to a higher open for equities Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.3 to 0.8 percent.
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Bloomberg LP Must Defend Swatch Analyst Call Case

Bloomberg LP lost a bid to dismiss a lawsuit by Swatch Group AG that accused the news service of secretly recording an earnings conference call with securities analysts and giving a transcript to clients.

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