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Silvercorp Denies Fraud Allegations

The largest silver producer in China says it is being accused of accounting fraud by an anonymous party who admits to placing financial bets that the Vancouver-based company's shares will fall.
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Silver bullion

Fortuna Silver Mines Seeks NYSE Listing

Fortuna Silver Mines Inc., which is traded on the Toronto Stock Exchange, has applied for a listing on the New York Stock Exchange, the Vancouver-based company said Monday.
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Hurricane Irene Insured Loss Probably Lower Than Expected: Analyst

While it is still early in the recovery process for Hurricane Irene, given weaker-than-expected wind speeds, particularly for the New York metro area landfall, FBR Capital Markets believes it is safe to say that loss expectations are lower than many investors thought last Thursday and Friday when forecasts shifted to show a more inland path for the storm.
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Irene New York: Evacuation Order Lifted, NYSE to Open; Airports Closed Until At Least Late Monday

New York has lifted an unprecedented evacuation order in place for Hurricane Irene and the New York Stock Exchange will open Monday, but New York area airports will not reopen until at least late Monday, officials said. New York's transit system including subways that serve eight million people each weekday were closed in advance of Hurricane Irene. Also, all New York area airports were closed. But the evacuation was lifted Sunday afternoon, and the New York Stock Exchange says i
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New York Evacuation Order Lifted; NYSE to Open Monday

New York Mayor Michael Bloomberg has lifted the unprecedented evacuation order in place for Hurricane Irene, allowing 370,000 people to return to their homes Sunday afternoon in low-lying areas of New York after the storm hit the city Sunday.Also, the New York Stock Exchange will open Monday under a normal schedule, a spokesman said.
Warren Buffett

Warren Buffett: Altruistic Defender of American Icons or Shrewd Profit Seeker?

Legendary investor Warren Buffett made a phone call to Bank of America CEO Brian T. Moynihan on Aug. 24 and offered to invest a staggering $5 billion in the bank. The Bank of America shares had been in doldrums amid questions over its liquidity situation and rumors that it would need a massive capital injection.

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