Gold ETFs Lose Shine
Gold has always been considered a safe haven in a volatile trading environment, but gold ETFs might be losing their luster.
Safeway Profit Falls, Underlining Grocery-Industry Woes
Safeway Inc.'s (SWY) second-quarter profit fell 16%, fostering investors' fear that the traditional grocery industry is losing its footing amid continued economic pressure and increased competition from other retailers.
Cloud Computing Needs Better Contracts: EC
The European Commission wants cloud computing firms to improve contracts they offer customers in a drive aimed at averting costly legal disputes, allaying privacy concerns and boosting an industry which can offer huge savings to users.
SEC Poised to Release Muni Blueprint
The Securities and Exchange Commission is poised to release a lengthy blueprint outlining improvements to the $3.7 trillion market for bonds issued by states and localities, including regulatory and legislative proposals designed to increase transparency in the relatively opaque market.
Credit Suisse, RBS Buy At Latest NY Fed Maiden Lane III Sales
Credit Suisse Group AG (CS, CSGN.VX) and Royal Bank of Scotland Group PLC's (RBS, RBS.LN) RBS Securities unit Thursday bought a total of $3.9 billion in face value of complex mortgage securities from the latest sale of assets held in a Federal Reserve Bank of New York crisis-era portfolio, the New
Israel-Iran Tensions Lift Oil Prices: Analyst
A jump in Israel-Iran tensions after the bombing of a bus filled with Israeli tourists in Bulgaria was boosting oil prices Thursday as investors fretted about constraints on supplies.
Does More Money Really Bring Happiness?
What if right this moment your salary doubled in size? Would the bonus income add up to twice as much happiness?
J&J Acquires Developer of Insulin Patch Product
Johnson & Johnson's (JNJ) LifeScan unit has acquired a closely held developer of a wearable insulin patch for people with diabetes.
Credit Suisse Is Said to Hire Morgan Stanley Banker for Metal, Mining Post -NYT
Credit Suisse Group AG (CS) has hired longtime Morgan Stanley (MS) banker David Hammond as global head of metal and mining advisory, the New York Times reported Thursday, citing an internal memo from Credit Suisse.
Colombia Coal Workers Begin Strike at Glencore Mine
Walkout is latest in string of problems for exporters of coal and oil -Strike has halted production at Glencore, which accounts for 15% of Colombian coal production BOGOTA--Colombian coal workers for the local unit of Glencore International PLC (GLNCY, GLEN.LN) went on strike Thursday, marking the