INVESTMENT

After another week of confusion and turmoil in Europe, investors are ditching whatever hopes they once had for a conclusive solution to the debt crisis.

Gold prices gained nearly 1 percent on Monday after Greece's politicians sealed a deal to form a coalition government, while continued uncertainty about resolving the zone's debt crisis supported safe-haven demand in bullion.

Forbes has released a list of Hollywood's most overpaid stars for the year 2011.

China is confident that Europe will be able to overcome its debt crisis, Foreign Minister Yang Jiechi said, adding stability in the Eurozone was crucial for the global economic recovery.

Some might argue that all Hollywood stars are overpaid, but Drew Barrymore and Eddie Murphy are in a league of their own, according to a survey conducted by Forbes.com and published on Thursday.

The Reserve Bank of India (RBI) may consider reversing its tight monetary stance as inflationary woes begin to ebb next month, a top policy adviser said.

Interim CEO Sergio Ermotti will be appointed permanent CEO of Swiss bank UBS ahead of the bank's investor day on Nov. 17, a Swiss newspaper reported, citing unnamed sources close to the matter.

The head of the U.S. futures regulator working on a sweeping review into the business practices of failed futures brokerage MF Global has said he will not be participating in any further parts of the inquiry, a source told Reuters on Friday.

PepsiCo Inc. has agreed to sell its interest in 24 soft-drink bottlers in China to the Hong Kong-listed Tingyi Holding Corp.

The head of the U.S. futures regulator working on a sweeping review into the business practices of failed futures brokerage MF Global Inc. said he will not be participating in any further parts of the inquiry, a source told Reuters Friday.

U.S. stock investors have had to take their own self-help course on living with uncertainty due to Europe's crisis, and they may need to draw on that next week because it is completely unclear when the next upheaval will come.

World leaders on Friday identified 29 banks deemed so important to the global financial system that they require more capital and closer supervision, as well as a plan that would safeguard taxpayers should they fail.

Amidst the protests against Wall Street, the 1 percent has formed their own movement and is fighting back.

We are now well into third quarter earnings season, with the vast majority of companies reported both bottom- and top-line results that met or beat expectations. Here's a summary of who met, and who missed, analyst estimates.

Gold fell on Friday in one of the quietest trading day, as the metal tracked riskier assets on fresh worries about the euro zone bailout fund and a mildly encouraging U.S. nonfarm payrolls report.

Shares of Groupon rose from their $20 IPO price to close at $26.11, a 30.55 percent jump. However, the closing price was below its opening price of $28.

Videocon Industries is looking to sell a 25 percent stake in its direct-to-home broadcast services business for roughly $75 million to $100 million.

The fall of Jon Corzine, a prominent figure with a toehold in the worlds of both finance and politics, is not only an issue for himself, but for one of the men who likely sought his advice and support on a regular basis, President Barack Obama. Perhaps more importantly, it follows a trend that has dogged the president since 2010, as, due to a variety of causes, many of the people close to Wall Street he had previously sought out have later found themselves uninvited to tea in the Rose Garden.

Groupon Inc raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by a U.S. Internet company since Google Inc raised $1.7 billion in 2004.

Barry Sternlicht's Starwood Property Trust reported net income in the third quarter of $14.5 million, down from $22.7 million in the same period in 2010.

Stocks retreated on Friday after two days of gains as wealthier nations appeared to pull back from a European Union plan to broaden funding for a plan to deal with the region's sovereign debt crisis.