INVESTMENT

Venezuela's oil minister said on Saturday he does not expect a ruling in World Bank arbitration with the Exxon Mobil Corp. this year, after another tribunal awarded the U.S.-based company $908 million last week.

Two months after loaning the company money to open two movies, L.A. billionaire Ron Burkle has taken a minority stake in Relativity Media, TheWrap has learned.

The ousted British CEO of disgraced Olympus Corp, who blew the whistle on a $1.7 billion accounting fraud, dropped his bid to return to lead the medical device maker, blaming cozy ties between its management and big Japanese shareholders and saying the saga had taken its toll on his family.

New York Gov. Andrew Cuomo's new plan to sell the Jacob Javits Center and build the largest convention center in the country at the Aqueduct Racetrack in Queens is an urban upheaval on a scale that evokes the legacy of Robert Moses, the parks commissioner who shaped the city in wide swaths in the middle of the last century.

Siri, the voice-controlled intelligent assistant, has succeeded in endearing itself to Apple fans, prompting the iPhone 4S to become the best selling iPhone ever. However, even as the users enjoy interacting with their virtual assistant, Siri is being blamed for being a data hog.

The Dutch government has appointed Credit Suisse to advise on a potential sale of its 33 percent stake in UK-based uranium enrichment company Urenco, people familiar with the situation told Reuters on Friday.

Hedge fund manager John Paulson lost more than half of the capital in one of his firm's biggest funds, people familiar with the number said Friday.

Stocks rose in the first week of this year, even though news that the U.S. jobless rate neared a three-year low did not whet interest in equities on Friday.

Stocks were on track to post gains for the first week of 2012 on Friday as signs of a sustainable economic recovery overshadowed lingering concerns about the euro zone's debt crisis.

The Teachers Insurance and Annuity Association – College Retirement Equities Fund (TIAA–CREF), the large pension fund manager and institutional investor, has purchased a retail condo in Manhattan's 225 West 83rd Street for $44.73 million, according to city records.

Users of iPhone 4S demand nearly three times the data of iPhone 3G users, which could indicate problems on the horizon for wireless carriers selling the smartphones.

A few months before MF Global collapsed in bankruptcy, some top executives at the futures firm were talking about a plan code-named "Project Honeydew" as a way of freeing-up badly needed capital and cash.

European shares ended little changed on Friday, with many investors happy to cash in on three weeks of gains ahead of the start of the U.S. fourth-quarter earnings season on Monday.

The estate of Lehman Brothers is battling Bank of America and Barclays in court over the sale of Archstone, the large multifamily housing landlord that real estate mogul Sam Zell's Equity Residential is seeking to buy.

Despite a large amount of borrowing by the U.S. and its large national debt, the interest rate institutional investors charge the U.S. government remains low. What’s going on here?

As the Iranian rial hits all-time lows against the United States dollar in the wake of imposed international sanctions, Iranians seek safer havens in more global currencies like gold, according to a leading economist at the National Commercial Bank in Saudi Arabia.

The deteriorating global growth outlook has meant the underperformance of the platinum group metals relative to gold, although supply disruptions could provide some relief to weaker demand. Of the PGM group, palladium is more likely to outperform in 2012, given its stronger links to U.S. and Chinese demand.

A rating downgrade on Friday left Hungary's debt rated junk across the board, underscoring investors' doubts about the government's willingness to change its controversial policies in return for aid to stave off a financial crisis.

European Central Bank policymaker Athanasios Orphanides called for Eurozone leaders to abandon plans to make private sector investors help reduce Greece's debts - a move likely to get little traction with the currency bloc's paymaster, Germany.

Samsung Electronics (005930.KS), the world's top maker of memory chips and smartphones, reported a record quarterly profit on Friday, aided by one-off gains and best-ever sales of high-end phones.

MF Global's bankruptcy trustee, Louis Freeh, has refused to turn over some documents to the Commodity Futures Trading Commission , which is investigating what happened to an estimated $1.2 billion in missing customer funds, the Wall Street Journal said.