Gold prices fell about 3 percent Friday, setting up the third weekly decline for what has recently been touted as the pre-eminent safe haven.
European shares fell on Friday after a fresh pledge of support from leading global economies to shore up the financial sector failed to placate markets, leaving them on course for a fifth straight month of losses.
European shares were poised to claw their way off 26-month lows on Friday, but Asian stocks slid on fears of renewed recession in the developed world and as a pledge from the G20 to preserve financial stability left investors largely unimpressed.
The company said that about 75 percent of the acquisition will be financed by debt, with the remaining facilitated by stock issuance (amounting to $4.6-billion in new shares).
U.S. District Judge Ellen S. Huvelle set Feb. 13 as the date when trial will start on the U.S. Justice Department’s case against the $39 billion takeover of T-Mobile by AT&T.
One thing is certain: when she opens the hearing in Washington on Wednesday, U.S. District Judge Ellen S. Huvelle will face a courtroom filled with richly compensated communications lawyers, especially those paid by AT&T and T-Mobile.
Stock index futures pointed to a sharply lower open on Wall Street on Monday, as renewed fears of a Greek debt default prompt investors to book some of last week's gains and turn to safer assets such as gold.
Leading global investment banks, including Credit Suisse AG , are cutting research staff in the Middle East to save costs amid tough global conditions and a dearth of work in the region.
Britain's Justin Rose carded a two-under-par 69 to open up a commanding four stroke lead after the third round of the BMW Championship on Saturday and give himself a shot at the season-ending $10 million jackpot.
Silver and platinum may lag other precious metals in the coming months, according to analysts studying both their price movements and the broader economy.
Gold tumbled to a two-week low on Friday as diminishing liquidity concerns prompted a bout of selling, but lingering concern about financial stability and strong physical buying interest from Asia later helped it to recover.
World shares rose half a percent to one-week highs on Friday while the euro clung to gains from the previous session on hopes that European policymakers would finally come up with a bold plan to combat a deepening debt crisis.
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.
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.
U.S. solar company SunPower Corp (SPWRA.O) is actively looking at acquisitions that would complement its residential and commercial project businesses, Chief Executive Tom Werner said on Tuesday.
Vague pledges and a lack of action by G7 countries underscored differences between Europe and the United States and a lack of room to maneuver in the face of the worst loss of confidence since the credit crisis.
The euro zone's most indebted nations were scrambling on Wednesday to convince investors and the rest of Europe of their commitment to tackle their debt problems, even as the bloc's main paymaster Germany battles increasing opposition to further aid.
Ernie Els is a three-times major champion and has faced plenty of pressure in his glittering career but he had to survive a nerve-racking finish to the Deutsche Bank Championship on Monday.
Webb Simpson birdied his last three holes of the day to clinch his second PGA Tour title with a playoff victory over fellow American Chez Reavie for the Deutsche Bank Championship on Monday.
AT&T must pay a hefty break-up fee to Deutsche Telekom, the owner of T-Mobile USA, the German company said. Last week, the U.S. Justice Department filed to block the $39 billion deal.
Asian shares fell and U.S. Treasury yields dropped to the lowest levels in at least 60 years on Tuesday on fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.
Asian shares fell and the euro slipped Tuesday amid fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.
