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Updated: 54 min 27 sec ago

Abu Dhabi Fund Hires GM Economist

Mon, 09/06/2010 - 6:26am
Abu Dhabi Investment Authority, the Middle East's largest sovereign wealth fund, hired Ted Chu as chief economist to help bolster its investment decisions.
Categories: Investment News

Rosneft Taps New CEO

Mon, 09/06/2010 - 4:15am
The board of Rosneft nominated Eduard Khudainatov as the new head of the state-controlled oil major, less than a day after Russian President Dmitry Medvedev's ordered his appointment.
Categories: Investment News

Berggruen Looks to Revive Karstadt

Mon, 09/06/2010 - 3:17am
For billionaire investor Nicolas Berggruen, signing a deal to acquire insolvent German retailer Karstadt was only half the battle.
Categories: Investment News

BIS Questions Growth Tradeoff

Mon, 09/06/2010 - 2:53am
The Bank for International Settlements said sustained debt reduction need not be a cause of weaker growth in the aftermath of a crisis, as long as policy makers fix the problems that caused the turmoil in the first place.
Categories: Investment News

Samsung Flags Expansion

Mon, 09/06/2010 - 12:03am
South Korea's Samsung Electronics is considering investing a record $25.55 billion next year to bolster its existing operations and expand into new business segments.
Categories: Investment News

Texas Probing Google's Searches

Mon, 09/06/2010 - 12:00am
Google said the Texas attorney general's office is conducting an antitrust review of the Web giant's core search-engine business, another sign of growing government scrutiny of the company.
Categories: Investment News

As Gold Climbs, So Do the Deals

Sun, 09/05/2010 - 11:51pm
Gold prices are edging up toward a high, at $1,249.20 an ounce, triggering multibillion-dollar deals by miners doubling down on the staying power of bullion's nearly decadelong rally.
Categories: Investment News

New Zealand Assesses Quake Damage

Sun, 09/05/2010 - 10:06pm
New Zealand could spend at least $1.4 billion on repairs following Saturday's 7.1-magnitude earthquake, which damaged more than 500 buildings and houses in the city of Christchurch and set off aftershocks that continued to shake the region.
Categories: Investment News

KT Sets iPhone Date

Sun, 09/05/2010 - 8:43pm
South Korea's KT Corp. will start selling Apple's iPhone 4 in the country on Sept. 10.
Categories: Investment News

UPS Plane Had Smoke in Cockpit

Sun, 09/05/2010 - 1:43pm
Investigators said a UPS cargo plane that crashed in Dubai shortly after takeoff Friday had smoke in the cockpit and was struggling to maintain altitude.
Categories: Investment News

Craigslist Adult Ads: "Censored"

Sun, 09/05/2010 - 1:34pm
The Adult Services section of Craigslist has been removed and replaced with the word "censored" since Friday night.
Categories: Investment News

Wall Street's New Power Broker

Sun, 09/05/2010 - 1:14pm
A former numbers-cruncher at Ford Motor is now one of the most powerful people on Wall Street, whose opinion can sway fortunes and scuttle empires.
Categories: Investment News

BP Evidence Raised From Gulf

Sun, 09/05/2010 - 1:13pm
Investigators looking into what led to the BP oil spill in the Gulf of Mexica are a step closer to answers now that the well's blowout preventer has been retrieved.
Categories: Investment News

Griffith Investors Seek Return of Cash

Sat, 09/04/2010 - 11:53pm
UBS and other investors go to court to try to force U.K. fund manager Reade Griffith to speed up the return of their money.
Categories: Investment News

UPS Identifies Crew Killed in Crash

Sat, 09/04/2010 - 9:34pm
Crew members from Kentucky and Florida were identified Saturday as the two people killed when a UPS cargo plane crashed shortly after takeoff outside Dubai.
Categories: Investment News

Withdrawals Continue at Kabul Bank

Sat, 09/04/2010 - 7:58pm
Afghans continued pulling money from Kabul Bank—their country's largest bank—Saturday, despite assurances from top officials that the lender was financially secure. 
Categories: Investment News

Obama to Link Tax Cuts, Hiring

Sat, 09/04/2010 - 4:29pm
The Obama administration is moving toward using the revenue from expiring tax cuts for the wealthy to finance about $35 billion of tax cuts for small businesses and workers.
Categories: Investment News

BP Moves Forward With Plans for Oil Well

Sat, 09/04/2010 - 4:22pm
BP has placed a new blowout preventer at the top of the well that unleashed the Deepwater Horizon oil spill, and it is moving forward with a procedure to bring about its final demise.
Categories: Investment News

Why God Did Not Create the Universe

Sat, 09/04/2010 - 3:49pm
There is a sound scientific explanation for the making of our world—no gods required. An excerpt from the new book by Stephen Hawking and Leonard Mlodinow.
Categories: Investment News

Tony Blair Takes on the World

Sat, 09/04/2010 - 3:28pm
In an excerpt from his memoirs, Blair argues the West has become too imbued with doubt and lacking in mission.
Categories: Investment News