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LONDON (Reuters) - Gold hit record highs at $1,198.70 an ounce in Europe on Tuesday as the dollar weakened against a basket of currencies in the wake of policy comments from the Bank of Japan, adding to strong investment demand for the metal. Buyers have been cheered by ...Read More

NEW YORK (Reuters) - News Corp, Time Warner Inc and Qualia Capital LLC are interested in buying Hollywood’s Metro-Goldwyn-Mayer film studio, home of the James Bond movies, Bloomberg News reported on Friday. Citing people with knowledge of the situation, the report said the companies have not yet examined ...Read More

ST. LOUIS (Reuters) - A senior U.S. Federal Reserve official said on Wednesday the central bank may start tightening financial conditions by adjusting its extensive purchase programs, rather than by raising interest rates. “The market’s focus on interest rates is disappointing, given quantitative easing,” St. Louis Federal Reserve ...Read More

TOKYO (Reuters) - Japanese Trade Minister Masayuki Naoshima apologized for speaking about third-quarter GDP data to oil industry executives on Monday ahead of its official release. “I’m sorry. I honestly didn’t know it was due to be released at 8:50 a.m. (6:50 p.m. EDT) so I thought it ...Read More

LOS ANGELES (Reuters) - Blockbuster Inc ( BBI.N), the largest U.S. movie rental chain, posted a larger-than-expected third-quarter loss it said was due primarily to write-offs of debt financing costs and the sale of its Irish unit, and its shares plummeted 12 percent. Blockbuster’s net loss was $116.8 ...Read More

NEW YORK (Reuters) - A broad rally for U.S. stocks sent the Dow industrials to a 13-month high on Monday after the Group of 20 pledged to keep aid flowing to the world economy, strengthening investors’ desire for risk. The Dow Jones industrial average gained 203.52 points, or ...Read More

By Fayen Wong PERTH (Reuters) - Oil rose more than $1 to above $78 a barrel on Monday, recouping some of the previous session’s near 3 percent loss, on fears a powerful hurricane would cut U.S. oil and gas supplies and also lifted by the falling dollar. Hurricane ...Read More

(Reuters) - Costco Wholesale Corp reported a 5 percent increase in October same-store sales, helped by a weak U.S. dollar that helped push up international sales. Analysts on average were expecting a rise of 4.7 percent in same-store sales, including the impact of fuel prices and foreign exchange, ...Read More

By Ellis Mnyandu NEW YORK (Reuters) - Stocks slid on Friday as investors worried the economy’s recovery might not be sustainable and financials sank as an influential bank analyst projected a $10 billion write-down for Citigroup. Investors unloaded shares across the board. Wall Street’s favorite measure of investor ...Read More

CHICAGO (Reuters) - Federal prosecutors in the Galleon Group case have sent a subpoena to a former employee of SAC Capital Advisors, a sign that the scope of the probe into the largest hedge fund insider trading case in history is expanding, the Wall Street Journal reported, citing ...Read More