UNITED STATES

Gold hits new high as debt talks stall

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Gold rose to fresh record high on Monday as talks over lifting the debt ceiling appeared to be stalling just days before the August 2 deadline, raising the prospect of a debt default.

Pandora Media gets thumbs-up from two brokerages

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Two brokerages started coverage on Pandora Media Inc with positive ratings citing its exciting long-term growth opportunity, given the growth in Internet radio and the ongoing shift of advertising dollars to the Web and mobile environments.
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Wall St falls on debt ceiling stalemate

Stocks tumbled on Monday as political brinkmanship in Washington over the debt ceiling sparked fears of a U.S. rating downgrade, sending world equities lower and pushing gold to a record high.
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TSX may open lower on U.S. debt concerns

Toronto's main stock index looked set to open lower on Monday, hurt by news of major job cuts at Research In Motion Ltd (RIM.TO: Quote) and an impasse in U.S. debt ceiling talks that fueled worries of a U.S. default.
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Samsung CEO: To hike memory chip capex

Samsung Electronics Co <005930.KS> plans to raise investment in memory chips this year and will not cut its overall investment for the second half despite economic uncertainty hitting component demand, its chief executive said on Monday.
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Wall St set for lower open on debt gridlock

Stocks were set for a lower open on Monday as political brinkmanship in Washington over the debt ceiling sparked fears of a U.S. rating downgrade, sending world equities lower and pushing gold to a record high.
Factory in Japan

Elusive Rebound Better Come Soon

American consumers, faced with grim job prospects and the looming threat of a national debt default, are in no position to support the global economy with a new wave of spending.
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Chinese city orders two fake Apple Stores to close

Chinese officials in Kunming have ordered two fake Apple shops to close, not because of piracy or copyright concerns, but because the stores in the southwestern city did not have an official business permit.
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Futures down on debt gridlock

Stock index futures fell on Monday as political brinkmanship in Washington over the debt ceiling sparked fears of a U.S. rating downgrade, sending world equities lower and pushing gold to a record high.
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Mississippi Runoff Expands Gulf Dead Zone

The Gulf Dead Zone is the biggest ever this year. It's about 3,300 square miles right now, or roughly the size of Delaware and Rhode Island combined, but researchers at Texas A&M University say it's likely to become much larger, TG Daily reported.
U.S. Capitol

Separate Debt Deal Plans Emerge Amid Gridlock

Less than 9 days remain before the U.S. Government defaults on is debt, and the debt impasse continues. So far, institutional investor patience has been remarkable, as Asian markets were relatively calm in Monday trading. But how long can that last, if Washington remains gridlocked?
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Futures sharply lower on debt gridlock

Stock index futures fell sharply on Monday as political brinkmanship in Washington over the U.S. debt ceiling sparked fears of a U.S. rating downgrade, sending world equities lower and pushing gold to a record high.
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TD Ameritrade to discuss pursuit of E*Trade: report

TD Ameritrade Holding's directors plan to discuss at a meeting Tuesday the possibility of trying to buy rival online broker E*Trade Financial Corp , the Wall Street Journal said, citing people familiar with the matter.
Chinese City Orders Two Fake Apple Shops to Close

Chinese city orders two fake Apple shops to close

Chinese officials in Kunming have ordered two fake Apple shops to close, not because of piracy or copyright concerns, but because the stores in the southwestern city did not have an official business permit.
Lawmakers split as debt deadline looms, markets uneasy

Lawmakers split as debt deadline looms, markets uneasy

A sharply divided Congress pursued rival budget plans on Monday that appeared unlikely to win broad support, pushing the United States closer to a ratings downgrade and debt default that would send shockwaves through global markets.

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