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Morgan Stanley CEO Gorman

Morgan Stanley 1Q Down But Beats Street

Morgan Stanley (NYSE: MS) on Thursday reported weaker first-quarter profit but still beat analyst expectations, which helped lift shares up more than 2 percent.

Exxon Mobil Excluded From Iraq Oil Auction

Iraq's West Qurna Oilfield
Exxon Mobil (NYSE:XOM), the largest U.S. oil company, and one of the major players in reviving the Iraqi oil industry, has been excluded from that country's next energy auction amid a dispute between Baghdad and the Kurds.
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Madonna and her daughter Lourdes

Madonna's Daughter Smoking: Singer Says ‘She Didn’t Get that From Me’

Madonna's 15-year-old daughter Lourdes Leon was photographed smoking a cigarette in New York and material mom is not happy about it. While the legal age for smoking in America is 18, Leon was caught breaking the law in New York last month. And almost a month later the 53-year-old singer finally spoke about her daughter's controversial smoking picture. When Leon's smoking pictured surfaced online Madonna said she was not pleased.
The World Gold Council remains constructive on gold prices despite diminished chances of QE3

Gold Prices Set To Rise: World Gold Council

While chances of a third round of U.S. money-printing quantitative easing measures, or QE3, have dimmed, the World Gold Council, or WGC, remains positive on the yellow metal's outlook due to its international appeal and value in hedging against inflation and deflation.

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