INVESTMENT

Chesapeake Sells Assets To Raise $2.6 Billion

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Chesapeake Energy Corp, the second largest natural gas producer in the US, said on Monday that it has finalized three deals to sell its assets, which will raise $2.6 billion, as it faces cash crunch and a rising debt.
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Looking Back at History

90% Of China’s Super-Rich Want To Send Children Abroad

China's love affair with American education is stronger than ever. Chinese families -- including those in the burgeoning middle class -- want to send their sons and daughters to be educated in another country, with most coming to U.S. institutions.
# 7. Russia

Russia Cuts GDP Forecast To 3.4 Percent

Russia, the world's ninth largest economy, cut its 2012 GDP forecast to 3.4 percent from 3.7 percent as investment growth is expected to decline, its economy minister said Friday.
Underground mining machine

Gold Prices Rise On Short-Covering

Gold rose on Thursday, as investors covered short positions after a sharp two-day pullback, and a crude oil rally also buoyed the precious metal that sank early this week on disappointment about further U.S. monetary easing.
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Wall Street Flat As Euro Zone Concerns Weigh

Stocks were little changed on Thursday despite data showing ongoing improvement in the labor market, as a rise in Spanish bond yields renewed concerns about the euro zone's financial health.
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Asian Shares Fall As European Debt Worry Stings Risk Appetite

Asian shares fell Thursday after a weak Spanish bond sale heightened concerns about funding difficulties by lower-rated euro zone countries, further undermining sentiment hurt by fading expectations for more stimulus from the U.S. Federal Reserve.
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Falcone Mulls Voluntary Bankruptcy For LightSquared

Hedge fund manager Philip Falcone said in an interview on Wednesday he is seriously considering filing a voluntary bankruptcy for LightSquared, the struggling telecom startup in which his Harbinger Capital Partners is the majority owner.
General Electric

GE, Best Buy Suffer Credit Rating Setbacks

Two of the most iconic American brands suffered setbacks to their credit ratings on Wednesday, evidence that some of the nation's most visible economic engines could face higher borrowing costs.
Blasting at an Avion gold mine

Gold Miners Seeking Ways To Attract Investors

A collapse in gold producers lofty valuations has sparked soul searching about an exodus of restive shareholders, forcing them to tighten operations and boost dividends to lure investors.
Traders work on the floor of the New York Stock Exchange

Markets Tailspin On New Greek Bank Woes

Stocks and commodities plunged Wednesday after the head of the European Central Bank -- a lynchpin in the euro zone's effort to contain the effects of its sovereign debt crisis -- suggested that some Greek banks will be left to collapse.
BTG

Brazil's BTG Pactual Plans $2.24 Billion IPO

BTG Pactual, the largest independent investment bank in Latin America, said it is planning to raise up to $2.24 billion in a public offering that could signal the revival of Brazil's IPO market.

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