The Euro price of Gold Bullion today slipped back to last week's finish just below €32,000 per kilo - reversing Monday's 1.0% rise - as the single currency hit new 6-month highs to the Dollar above $1.4240.
The top pre-market NASDAQ stock market gainers are: Motricity, DryShips, Netflix, Curis, and Zions Bancorp. The top pre-market NASDAQ stock market losers are: IncrediMail, American Capital Agency, Skyworks Solutions, Hancock Holding, and Micron Technology.
Pacific Investment Management Co , the manager of world's largest bond fund, has raised more than $1.5 billion for a new fund to buy assets from banks looking to strengthen their balance sheets, Bloomberg said, citing two people with knowledge of the fundraising.
Gold prices rose for a fifth straight day on Tuesday, driven by safe haven demand amid continued uncertainty in the Middle East and the nuclear crisis in Japan.
The top after-market NASDAQ stock market gainers are: Atrinsic, Makita, Hot Topic, Micromet, and Pacer International. The top after-market NASDAQ stock market losers are: Cohu, James River Coal, Photronics, American Capital Agency, and ON Semiconductor.
Raj Rajaratnam made $4 million on Hilton Hotels stock when the company was bought by Blackstone Group LP in July 2007, jurors heard on Monday, as prosecutors pressed their case that the hedge fund founder had profited from inside tips about pending deals.
Kenya plans to remove tax incentives in the 2011/12 (July-June) fiscal budget and widen collection to rope in more small businesses to increase revenues, Finance Minister Uhuru Kenyatta said on Monday.
Charles Schwab said it agreed to buy optionsXpress Holdings for about $1 billion in stock to expand in the fast-growing options trading space.
RBC Capital Markets anticipates a dividend increase from SunTrust Banks Inc. (NYSE: STI) to come either in the second quarter or the third quarter of 2011. The brokerage expects the quarterly dividend to go to 8 cents a share (about 20 percent payout).
Citigroup announced a 1-for-10 reverse stock split of its common stock and plans to reinstate a quarterly dividend of $0.01 per common share in the second quarter of 2011.
Gold prices jumped vs. a falling Dollar at the start of Asian trade on Monday, hitting near-two-week highs for US investors as crude oil also leapt following the weekend's joint UN air strikes on Libya.
Billionaire investor Warren Buffett said on Monday that Japanese stocks were good investments after the deadly earthquake that hit the world's third-biggest economy last week.
Income for top investment banks fell by almost a quarter last year to $167 billion from a record performance in 2009, according to an industry report.
U.S. stocks climbed higher Friday, as fears of increased violence in Libya ebbed and currency interventions helped to relieve investor worries over Japan's economy.
Prices to Buy Gold rose above $1418 per ounce Friday lunchtime in London, reversing this week's earlier 2.4% drop as crude oil fell and world stock markets rose further after news of an immediate cease-fire by the Gaddafi regime in Libya, prompted by the United Nations' no fly zone agreement.
Apple is involved in testing retypes of iPhone which incorporate Near Field Communication (NFC) technology, adding fuel to earlier reports which surmised that the next edition of iPhone will be NFC enabled Cult of Mac reported.
Zacks Equity Research highlights: Standard Motor Products (NYSE: SMP) as the Bull of the Day and RadioShack Corp. (NYSE: RSH) as the Bear of the Day. In addition, Zacks Equity Research provides analysis Amazon.com (Nasdaq: AMZN), Google Inc (Nasdaq: GOOG) and Apple Inc (Nasdaq: AAPL).
US stocks advanced in early trade on Friday after the Group of Seven (G-7) Finance ministers had agreed to intervene in the markets to stabilize the Japanese yen.
The companies whose shares are moving in pre-market trade on Friday are: Celera Corp, James River Coal, Star Scientific, Peabody Energy, Johnson Control, Jds Uniphase, Nike, Polypore International, Autonation and Medco Health Solutions.
Rep. Carolyn Maloney (D-NY) introduced legislation, “The StartUp Visa Act of 2011,” H.R. 1114, to encourage innovation and economic growth by permitting immigrant entrepreneurs greater access to temporary U.S. visas. The bill matches legislation introduced this week by Senators John Kerry, Richard Lugar, and Mark Udall in the Senate.
Stocks gained on Thursday, bouncing back after three days of declines as investors searched for bargains, but the near-term outlook is bearish as Japan's crisis keeps investors cautious.
Gold Bullion prices stalled just above $1400 per ounce for the second day running on Thursday, as crude oil rose sharply amid the near-meltdown at Japan's Fukushima nuclear reactors.