INVESTMENT

European equities followed Asian stocks lower Thursday as investors fretting about the global growth outlook cut exposure to riskier assets, while the Swiss franc fell on talk the central bank was intervening in the forwards market.

Star bond fund manager Jeffrey Gundlach departed the witness stand on Wednesday after four days of testimony in the high stakes trial with his former employer, Trust Company of the West.

A California man accused last week of insider trading on Disney's $4 billion purchase of Marvel is hitting back at the Securities and Exchange Commission.

Motorola Mobility Holdings director William Hambrecht has resigned.

Star bond fund manager Jeffrey Gundlach denied in court testimony that he requested his co-workers gather anything "we might need" from his former employer, Trust Company of the West.

Gold rose on Wednesday on a combination of increased inflationary pressure and ideas this week's Franco-German proposals will not solve the euro zone debt crisis.

The White House on Wednesday said President Barack Obama would unveil fresh ideas to jump-start the economy and cut deficits, but details offered so far appeared to be a compilation of old proposals.

British business software company Sage Group Plc has been picked as preferred bidder in the race to buy Australian peer MYOB Ltd, people familiar with matter said Wednesday.

Funds of Funds in Africa are beating the market and also are posting less correlated and volatile returns.

Thanks to lax regulations, debt collection often reverts to a Dickensian mode in countries like Indonesia.

The new TouchPad tablet has become the "OuchPad" for HP. The product isn't selling because consumers have shown they prefer the iPad.

Following Fitch?s affirmation of ?AAA? rating to U.S. debt, which was in sharp contrast to S&P?s downgrade, the focus now turns to whether Moody?s will retain top rating for the US.

British business software company Sage Group Plc is the frontrunner to buy Australian peer MYOB Ltd, three sources familiar with the matter told Reuters on Wednesday, with one source saying the company has bid up to A$1.4 billion ($1.5 billion).

Gold edged higher for a third day on Wednesday, propelled by investor unease over the fate of the euro zone after a Franco-German summit yielded no lasting solution to the regional debt crisis and riskier assets such as stocks eased.

Gold held steady near a record high on Wednesday after a Franco-German summit failed to convince investors that the euro zone debt crisis would be solved effectively, supporting safe-haven demand for bullion.

China pushed for greater international use of the yuan on Wednesday by promising to let foreign investors buy mainland shares and bonds, pushing up shares of brokerage stocks listed in Hong Kong.

China Life , the world's biggest insurer by market capitalisation, has become the first Chinese insurance company to be granted a license to form a private equity fund, a local newspaper reported on Wednesday.

Chinese Vice-Premier Li Keqiang said China will soon allow foreign investors to buy mainland securities using yuan up to an initial quota of 20 billion yuan ($3.1 billion), a move aimed at promoting international use of the Chinese currency.

KCET, the former PBS station serving Southern and Central California, has entered a partnership with Eyetronics Media and Studios to produce and acquire new series, the companies announced Tuesday. Under the agreement, Eyetronics will provide up to $50 million in funding for the new programs, which will start production in the fall.

Jeffrey Gundlach thought it was "quite likely" that DoubleLine Capital, the firm he launched after being fired by his former employer, was going to fail six months after its formation, he said in court.

PayPal co-founder and early Facebook investor Peter Thiel recently detailed his support for Seasteading Institute, an organization that promises floating libertarian nations on oil rig-type platforms.