INVESTMENT

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Burger King buyout seen at $24/share - report

A buyout deal for Burger King Holdings Inc by investment firm 3G Capital is being valued at $24 per share, or about $4 billion (2 billion pounds), cable business channel CNBC reported on Thursday.

Baidu to focus mobile Internet investment on search

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Baidu Inc, operator of China's dominant search engine, said on Thursday that it will focus its future mobile Internet investments on its core search business as it takes aim at the next big Internet space.
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Dollar on defensive after data whets risk appetite

The dollar was on the defensive on Thursday, retaining most of the losses sustained the previous day when upbeat data helped lure investors away from safe-haven currencies and assets. Figures released on Wednesday showed the U.S. manufacturing sector grew faster than expected and China's factory output regained momentum in August, while Australia's economy expanded at its fastest pace in three years in the second quarter.
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Court dismisses mortgage claims vs Morgan Stanley

A mortgage servicing company's claims that would push responsibility for faulty mortgage loans onto Wall Street titan Morgan Stanley were dismissed by a Delaware court, according to a court filing.
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Investors rush for gold shares

ETF Securities said ETFS Physical Swiss Gold Shares had a record day's trading volume on August 11 of 1.74 million shares, or $208 million. This represents the greatest one-day volume since its first US trading day on September 9, 2009.
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Asian shares down on growth fears

Asian stocks slid to a near three-week low on Thursday on growing doubts about global economic growth that also helped the dollar cling to its gains after it scored its biggest rise in nearly two years.
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KKR cancels plans for $500 million offering

Private equity firm Kohlberg Kravis Roberts & Co said on Monday it has canceled plans to sell $500 million of new common units, less than one month after it listed on the New York Stock Exchange.
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Ackman on path to own NYC's Stuyvesant Town

Hedge fund investor William Ackman has bought a slice of debt on Stuyvesant Town Peter/Cooper Village and could become the next owner of the sprawling Manhattan apartment complexes.
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Forward metal prices may lead to false conclusions

Metal producers should steer clear of using forward prices to assess potential profitability of new projects or for budgeting purposes as this could lead to misleading conclusions. Instead they could look at long-term price forecasts or use consultants. However, there are times when a producer without in-house research or unable to pay consultants, has little choice. In this case results should carry a health warning.
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Gold steadies near $1,200 as ETF holdings slip

Gold held steady on Thursday after drop in prices from a 2-week high spurred light buying from jewelers in Asia, but firm stock markets were likely to weigh while holdings on the ETF fell slightly. Investors await the release of more data from the United States, particularly the payrolls report, which will offer clues on the health of the economy. Friday's government report on jobs may show a drop of 65,000 in July as census jobs dried up.
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Gold steadies near $1,200; ETF holdings slip

Gold held steady on bargain hunting on Thursday after prices slipped below $1,200 an ounce but firm stock markets were likely to weigh, and holdings on the ETF fell slightly. Investors await the release of more data from the United States, particularly the payrolls report, which will offer clues on the health of the economy. Friday's government report on jobs may show a drop of 65,000 in July as census jobs dried up.
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Houlihan Lockey declined to endorse Tribune LBO: report

Investment bank Houlihan Lokey had declined to endorse Sam Zell's $8.2 billion leveraged buyout of Tribune Co, citing the deal would saddle the media conglomerate with too much debt, the Wall Street Journal said, citing people familiar with the matter.
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Loews and CNA earnings up on investment gains

Loews Corp posted a better-than-expected 8 percent rise in quarterly net profit, as the hotels and energy conglomerate recorded a gain on investments compared to significant investment losses a year earlier.
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Gold slips below $1,180/oz as haven buying retreats

Gold prices slipped below $1,180 an ounce in Europe on Monday knocked by a dearth of haven buying as confidence in the financial markets improved, though some emergent physical demand limited losses. Spot gold was bid at $1,177.65 an ounce at 6:21 a.m. ET, against $1,181.50 late in New York on Friday. U.S. gold futures for August delivery fell $4.00 to $1,179.90.
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Jobs and earnings latest test for stocks

U.S. stocks are unlikely to break above a key technical level this week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.
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Asia wakes up to gold power

Investors in India are waking up to the power of gold. In a recent survey, it has come out that Asian investors are more likely to buy gold in the next six months than their North American and European counterparts.
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Jobs data, earnings latest test for stocks

U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.
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Italy, Greece to lift gold prices

Once again Europe has come to the rescue of gold, which has been witnessing a steady slide during the past few weeks. With Italy and Greece plunging into crisis again, the uncertainty looming over Europe has added to the fear among investors and gold prices are set to cash in on this panic with more demand from safe haven buying.

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