INVESTMENT

Molycorp Inc (MCP.N) said on Friday it has broken off talks with Japan's Sumitomo Corp with regard to a financing deal, as the investment is no longer necessary for the implementation of its business plan.

Continued losses in the investment bank arena could lead to more restructuring and another round of job cuts to be unveiled in November.

Volatility in equity markets is burning smart-money players, and even experienced traders are finding it hard to keep up.

Gold prices rebounded Friday, along with other safe-haven investments, literally hours after dropping sharply on word that the world's biggest central bankers were jointly moving to protect the eurozone's commercial financial institutions.

Options for a sustainable economic recovery are narrowing, Christine Lagarde, Managing Director of The International Monetary Fund, said in an opinion piece for a German newspaper.

Goldman Sachs Group Inc is shuttering a well-known hedge fund that relies on computer-driven trading strategies after the portfolio rang up a hefty loss this year.

Arrested at his UBS trading desk, rogue trader Kweku Adoboli allegedly told the bank about his unauthorized trading that resulted in a nearly $2 billion loss.

Swiss bank UBS came under increasing pressure to shrink or sideline its investment bank business -- source of a $2 billion rogue trading loss -- as ratings agencies warned lax risk management could prompt downgrades.

The idea is out there: Republicans on Capitol Hill considering a ceiling for defense cuts mandated by the deficit-reduction super committee. If it becomes a reality, however, it would not exceed $150 billion over 10 years.

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.

UBS said it may report a third-quarter loss after it suffered a $2 billion loss due to unauthorized trading by a trader in its Investment Bank.

Texas Instruments Inc. (NYSE: TXN) announced a 31 percent increase in quarterly dividend from $0.13 to $0.17, resulting in a dividend yield of 2.5 percent. Jefferies believes there is room for the dividend to go higher.

The jury has reached a verdict in a courtroom battle between Trust Company of the West and former investment chief Jeffrey Gundlach, concluding a six-week trial that has transfixed the financial industry.

Research In Motion reported a steep drop in quarterly profit on limp sales of its smartphones and tablets, and offered investors little hope of a turnaround anytime soon, sending its shares tumbling.

Gold slipped more than 1 percent on Friday, heading for its biggest weekly drop since March 2009, as stock markets gained and the euro rose after major central banks around the world strived to fight the debt crisis in Europe.

Swiss bank, UBS AG, said it has suffered a $2 billion loss due to rogue trading and the London police arrested a 31-year-old man on suspicion of fraud.

Science is key to rebuilding earthquake-damaged Haiti, according to a new report.

With UBS losing approximately $2 billion from unauthorized trades by a "rogue" trader, the road for recovery for the Swiss bank could be long.

Investors obviously applauded the move, sending Morgan Stanley shares up 7.2 percent in Thursday’s trading.

Encana Corp Chief Executive Randy Eresman did exactly what investors wanted when he created the quintessential pure play in North American natural gas. That's now his biggest problem.

Shares of Silvercorp Metals Inc., battling anonymous charges of accounting fraud, shot higher Thursday despite a downdraft among precious metals miners that battered their share prices after announcing a stock buyback and a cut in the number of shares outstanding.