BUSINESS

Gold rose on Wednesday on a combination of increased inflationary pressure and ideas this week's Franco-German proposals will not solve the euro zone debt crisis.

In the 45,000 Verizon worker strike, the company says the dividing issue in labor negotiations is health care. But workers say Verizon wants more than that. They make a very good point.

Television and film actor Burt Reynolds is in danger of getting evicted from his home in southeast Florida.

Town moving on three months after major tornado.

Apple could buy companies like Nokia or InterDigital, or maybe just some patents

French military barracks will be converted to mosques.

Gold settled at a record high Wednesday and silver closed modestly higher after surging in the first few hours of trading and then seeing gains pared in the afternoon.

The details are sketchy about President Barack Obama's September jobs speech, but one thing is certain: as economic manager, Obama must increase job growth substantially in the next nine months to help the millions of Americans who are unemployed find jobs, to strengthen the economy, and to save his presidency.

Verizon said it is sending out letters to 45,000 striking employers that if they don?t return to work by then, their health care benefits will expire on August 31.

An Iraqi man is suing the country's leaders to demand his fair share of the Arab state's oil wealth.

The latest lawsuit against Apple: 27,000 South Koreans in a class-action suit over privacy relating to the iPhone, iPad and iPod Touch.

Clothing retailer Abercrombie & Fitch saw its stock price drop nearly 10 percent Wednesday after it asked Michael Sorrentino, "The Situation," of "The Jersey Shore" not to wear its clothes. This was the first trading session after the company publicly offended the young man by offering him and his co-stars "substantial payment" to stop wearing Abercrombie & Fitch clothes.

Apple is being sued by 27,000 South Koreans over privacy issues involving location services in the iPhone and iPad.

Global brewer SABMiller took its $10 billion bid for Foster's Group direct to shareholders on Wednesday just days before the Australian beer group's annual results are set to show flagging profits.

Core producer prices rose at their fastest pace in six months in July on strong tobacco and light truck costs, though weak domestic demand was seen keeping inflation pressures under control.

If wireless patents are more valuable than ever, what other companies might be acquired?

New research from Global Web Index shows sharp declines among Facebook users in some of the world's biggest markets including the United States, Canada and the United Kingdom.

Abercrombie & Fitch announced on Tuesday that it would like for Mike "The Situation" Sorrentino and the rest of his Jersey Shore cast mates to stop wearing its clothing line, fearing it could harm the brand.

Funds of Funds in Africa are beating the market and also are posting less correlated and volatile returns.

Two industries ? retail and consumer packaged goods ? will account for the largest shares of new ad spending this year.

Robert Gibbs, a former spokesman for President Barack Obama, on Wednesday sought to clarify the role in public policy the Tea Party faction of the Republican Party is playing: counter-productive, to put it diplomatically.

An unannounced Android device from the Motorola camp under the moniker Droid HD just showed up alongside the Droid Bionic in leaked pictures posted by a tipster.

Abercrombie and Fitch posted a higher-than-expected quarterly profit as teenagers, both in the United States as well as in international markets, readily shopped at its stores for jeans, T-shirts and other staples.

A group of consumers in South Korea has launched a class-action suit against Apple, claiming that iPhones and other devices were invading their privacy.

World equities rose on Wednesday, lifted by strong outlooks and results from U.S. retailers, while crude oil gained on a larger-than-expected decline in U.S. gasoline supplies.

The founder of OpenGate Capital, Andrew Nikou, is in talks for his own reality show.

Google Inc. has agreed to buy Motorola Mobility Holdings Inc. for $12.5 billion or $40 a share in cash, valuing each essential patent at about $20 million, to defend its Android ecosystem. RBC Capital Markets said the deal value of $12.5 billion equates to 0.7 times trailing twelve months (TTM) of equity value-to-sales.

Warren Buffett and Howard Schultz want to change the conversation about how to fix the United States' economic woes. But their solutions - more taxes on the rich and a boycott on political donations - risk falling on deaf ears among fellow business leaders.

The planned layoffs would reportedly include management, pilots, cabin crew and engineers. The company has a total of 35,000 employees.