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Jay-Z will be the first musical performer to play at a new basketball arena under construction in Brooklyn, the Brooklyn-born rap star said on Monday.

Jay-Z, part owner of the current New Jersey Nets, announced Monday that the team would be named the Brooklyn Nets once the 2012-2013 season begins.

The rapper's shows will be the new arena's first.

Gold prices, which lost 20 percent of their value since early this month, will rise for four reasons, say analysts.

Tiger Woods has appointed Joe LaCava, once caddie for Fred Couples and most recently Dustin Johnson, as his full-time bagman, the former world number one said on Sunday.

In years past, gold often acted as a safe haven when stocks were falling, and it hit a record in August while equities struggled. Now, however, it's mired in its worst selloff in decades. What does it mean for investors who see gold as a core portfolio holding?

U.S. President Barack Obama sought support for his job creation plan at a philanthropic summit on Wednesday, saying improving the prospects of the world's richest economy was good for the world.

It has been barely a year since HP's last CEO shakeup and already the company is moving in a new direction, dismissing Léo Apotheker and bringing Meg Whitman on board as full time CEO.

Gold prices plummeted more than 3 percent Thursday after the Federal Reserve pronounced the economy seriously ill but then prescribed what many traders and analysts saw as a virtual aspirin.

Freeport-McMoRan Copper & Gold Inc is unlikely to meet third-quarter sales estimates because of a strike at its vast Grasberg mine in Indonesia.

American Matt Kuchar finds it a little strange that he could end up clinching the FedExCup and its mind-blowing $10 million bonus without winning this week's season-ending Tour Championship.

Lehman Brothers Holdings Inc said it will drop its appeal of a bankruptcy court's ruling upholding Barclays Plc's purchase of Lehman's North American business in 2008 to avoid an unnecessary strain on its remaining assets.

The Greek cabinet was expected to outline major public sector layoffs, more spending cuts and tax increases on Wednesday to secure a bailout installment crucial to avoid running out of money next month.

The top pre-market NASDAQ Stock Market gainers are: Universal Display, ARM Holdings, Momenta Pharmaceuticals, Micron Technology, Sina, and Apple. The top pre-market NASDAQ Stock Market losers are: Mellanox Technologies, Logitech International, Netflix, ASML Holding, and Teva Pharmaceutical Industries.

For the first time since 1985, European central banks have become net buyers of gold, according to data from the World Gold Council.

Gold prices rallied on Monday after European policy makers failed to soothe fears of Greek default and contagion to other euro zone countries, prompting investors to seek refuge in the precious metal.

Lehman Brothers Holdings Inc said in a statement that it reached a tentative agreement with its largest foreign affiliate Lehman Brothers International Europe , related to claims between the two.

Silver and platinum may lag other precious metals in the coming months, according to analysts studying both their price movements and the broader economy.

8 Ways Samsung Galaxy S2 Epic Touch 4G Can Steal the Show From Droid Bionic

Gold prices rebounded Friday, along with other safe-haven investments, literally hours after dropping sharply on word that the world's biggest central bankers were jointly moving to protect the eurozone's commercial financial institutions.

With a $10 million pot on the table, Justin Rose went all in on Thursday, flashing a hot hand with an eight-under-par 63 to grab the first round lead at the BMW Championship.

With UBS losing approximately $2 billion from unauthorized trades by a "rogue" trader, the road for recovery for the Swiss bank could be long.

As tech enthusiasts and Apple fans are eagerly awaiting the iPhone 5 that is expected to come in October, a Wall Street analyst expects the next iteration of the iPhone to start selling in China as early as December.

Dell Inc. said its board of directors authorized an additional $5 billion for stock repurchases. Barclays Capital said the additional stock repurchases should be used to support Dell's earnings per share but not necessarily be a catalyst.

The initial public offering of Facebook has been pushed back to next year, according to people familiar with the situation.

A bankruptcy judge has denied Lehman Brothers Holdings Inc's attempt to recover from Barclays Plc $500 million it alleges was supposed to go toward employee bonuses.

Moody's cut the credit ratings of two French banks on Wednesday because of their exposure to Greece's debt, highlighting growing risks to Europe's financial sector from a deepening euro zone sovereign debt crisis.

Fiat and Chrysler chief executive Sergio Marchionne said the euro single currency system could be derailed unless European leaders resolved the debt crisis.

The jobs cut is the single largest job reduction by a U.S. company this year, and the most since the U.S. Postal Service said last year it wanted to cut an additional 30,000 jobs.