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Nikkei Stock Average Closes Lower

The Nikkei stock average ended lower on Monday, giving up sharp intraday gains made after Japanese authorities intervened to curb persistent yen strength, as investors locked in profits on concerns the yen won't stay down for long.

Lower investment income, catastrophe losses weigh on

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Loews Corp , run by the billionaire Tisch family, posted quarterly earnings below analysts' estimates for the third time in a row, hurt by a fall in its investment income and higher catastrophe losses at its biggest holding CNA Financial .
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Top After Market NYSE Movers (MSO, NBR, CP, DDD, CRI, FSL, BORN, MR, SWFT, JLL)

The top after market NYSE gainers on Friday were: Martha Stewart Living Omnimedia, Nabors Industries, Canadian Pacific Railway, 3D Systems and Carter's, Inc. The top after market NYSE Losers were: Freescale Semiconductor, China New Borun, Mindray Medical International, Swift Transportation and Jones Lang LaSalle.
Jon Corzine, chairman and chief executive officer of MF Global Holdings

Did Corzine's Risk-Taking Cripple MF Global?

In early April, Jon Corzine was in a tough spot. MF Global, the company he had run for the previous year, was about to post a fourth-quarter loss, marking its fourth successive fiscal year of red ink.
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Gold Drops 2% on Japanese Yen Move

Gold prices dropped about 2 percent on Monday, after Japan's intervention in the currency market triggered a rapid rally in the dollar, spooking precious metals investors.
Klaus Regling, CEO of the European Financial Stability Facility, speaks during a conference in Lisbon about the future of the Euro

Eurozone Bailout Fund Chief Courts China Investment

The head of the European Financial Stability Facility sought to entice China on Saturday to invest in the bailout fund by saying investors may be protected against as much as one-fifth of initial losses.
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Formula One Kicks Off in India

Formula One kicked off at Buddh International Circuit (BIC), Greater Noida near Delhi in India. It is clear that the weekend will be an extraordinary demonstration of the new wealth and power of the Indian elite.
Gold bar

Gold helps lift TSX as euro deal optimism fades

Canadian stocks edged higher in early action on Friday, led by a rise in shares of gold and base metal miners, even as fading optimism over a European debt deal weighed on the broader market.
Ollanta Moisés Humala

Peru Aims to Broker Union-Newmont Mining Talks

Peru's government will broker talks on Friday between townspeople and U.S.-based miner Newmont in a bid to solve a conflict over the planned $4.8 billion Minas Conga gold mine, officials said.

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