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US Stocks Drop on Bank Downgrades

U.S. stocks finished lower on Monday following last week's big rally, as investors trimmed positions caused by troubled financial sectors which suffered from several broker downgrades.
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Gold, Silver Dive Sharply As Dollar Rebounds

Gold futures dived sharply on Friday, losing the most in two weeks, as the dollar rebounded against the euro and traders moved in to cash in on their gains. Silver fell from the highest it's been since 28 years.
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Ericsson says very cautious about Motorola assets

Ericsson (ERICb.ST: Quote, Profile, Research) Chief Executive Carl-Henric Svanberg said on Friday the Swedish firm would eye any assets put up for sale by U.S. rival Motorola Inc (MOT.N: Quote, Profile, Research), but would be very cautious about any deal.
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Google Profit Dips on Paid Clicks, Social Networking

Google, Inc shares fell 7 percent on Thursday after Internet search leader reported profit and sales that came in below Wall Street expectations due in part to lower paid ad clicks, and struggles to monetize social networking ad inventories.
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Amazon Buys Audible for $300 Mil

Amazon.com said Thursday it will buy Audible, a digital audio books provider, for $11.50 a share as in move to expand the online retailer's audio downloads available to users.
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Gold edges up after Fed cut, but vulnerable

Gold moved higher on Thursday after the Federal Reserve slashed interest rates, but weaker oil prices limited gains and prevented the metal from breaking recent record highs.
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U.S. missile strike in Pakistan hit al Qaeda nest

A suspected U.S. missile strike that killed up to 13 foreign militants in Pakistan's North Waziristan region this week had targeted second or third tier al Qaeda leaders, according to residents in the tribal area.
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Government Extends Oversight on Microsoft

A federal judge ruled to extend the U.S. government's antitrust oversight of Microsoft for two more years, shy of the five-year extension sought by states accusing the company of continuing monopolistic behavior.
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Asian Stocks Volatile after Fed Cut

Asian markets were mixed during a volatile session Thursday, with indexes in Tokyo, Hong Kong, Shanghai and Sydney wavering between gains and losses as investors assessed the Federal Reserve's half-point reduction in a key interest rate overnight and the health of the U.S. economy.
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Corn Futures Decline on Concerns of U.S. Economic Recession

Corn on Wednesday fell due to a decline in global demand of the grain for food, fuel and animal feed following speculations that the interest rate cut by the U.S. Federal Reserve might not stop the economy from going into a recession.
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Gold Jumps On Fed Rate Cut

Gold futures rose in after market trading on Wednesday after the Federal Reserve slashed its key interest rate by 50 basis points to 3 percent which boosted the precious metal's appeal as a safe haven for investment.

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