News Summary: A word from Bernanke pushes up gold

Samsung: Apple trying to limit consumer choice Samsung: Apple trying to limit consumer choice Fresh from its $1 billion court defeat, South Korea's Samsung says Apple is resorting to litigation over market competition in an effort to limit consumer choice. Samsung on Saturday accused Apple of resorting to litigation in an effort to limit consumer choice after the iPhone maker said it was seeking to stop the sale of Galaxy S III smartphones in the United States. German drug firm makes 1st apology for thalidomide German drug firm makes 1st apology for thalidomide The German manufacturer of anti-morning sickness drug thalidomide has for the first time apologized to people who were born with congenital birth defects as a result of its use. The German manufacturer of a notorious drug that caused thousands of babies to be born with shortened arms and legs, or no limbs at all, issued its first ever apology Friday - 50 years after pulling the drug off the market. Bernanke: With unemployment high, Fed can do more Bernanke: With unemployment high, Fed can do more Chairman Ben Bernanke says high U.S. unemployment is a "grave concern" and that the Federal Reserve will provide more help if the economy doesn't improve. Chairman Ben Bernanke sent a clear message Friday that the Federal Reserve will do more to help the still-struggling U.S. economy. What's next for markets? 3 experts weigh in What's next for markets? 3 experts weigh in The dull days are almost over. The dull days are almost over. What's for breakfast? Mountain Dew drinks What's for breakfast? Mountain Dew drinks Rise and shine. It's time for breakfast soda. Rise and shine. It's time for breakfast soda. Stocks higher, but volatile, after Bernanke speaks Stocks higher, but volatile, after Bernanke speaks U.S. futures are heading higher before Fed Chairman Ben Bernanke takes the stage in Jackson Hole for a central bank conference. Many investors are already pricing in expectations that the Fed will take no major... By JOSHUA FREED AP Business Writer It took a while, but investors eventually decided they liked what they heard from Ben Bernanke, and stock indexes rose enough on Friday to put them into positive territory... Gold rises after Bernanke promises action Gold rises after Bernanke promises action By The Associated Press Gold and other precious metals are closing higher, after Federal Reserve Chairman Ben Bernanke promised to take more action to try to prop up the economy. By The Associated Press The price of gold and other precious metals jumped Friday, after Federal Reserve Chairman Ben Bernanke made clear that he expects to take further action to try to boost the economy. Southern Co. expects to exceed Plant Vogtle budget Southern Co. expects to exceed Plant Vogtle budget Southern Co. forecasts it will exceed its $6.1 billion budget while building a new nuclear plant in eastern Georgia. Southern Co. said Friday that it expects to exceed its $6.1 billion construction budget by $87 million as it builds a first-of-its-kind nuclear plant in eastern Georgia. Bernanke: With unemployment high, Fed can do more Bernanke: With unemployment high, Fed can do more Chairman Ben Bernanke made clear Friday that the Federal Reserve will do more to boost the economy because of high U.S. unemployment and an economic recovery that remains "far from satisfactory." Chairman Ben Bernanke sent a clear message Friday that the Federal Reserve will do more to help the still-struggling U.S. economy. Spain's Bankia to receive immediate aid Spain's Bankia to receive immediate aid Spain's government is meeting to approve a new financial sector reform that will create a "bad bank" to contain toxic property investments and will give the central bank more powers to shut down troubled lenders. The Spanish government will immediately inject financial aid into Bankia after the troubled lender announced losses of 4.4 billion ($5.6 billion) in the first half of the year, authorities said Friday. By The Associated Press

THE GOLD RUSH: Investors piled into gold, silver and other precious metals after Federal Reserve Chairman Ben Bernanke signaled the central bank would take more action to try to prop up the economy if conditions don't improve.

INFLATION FEARS?: Any action the Fed might take could cause inflation. Many investors view gold and other precious metals as a way to protect themselves against rising prices.

THE AFTERMATH OF ISAAC: Prices for wheat, corn and soybeans rose earlier in the week, on fears that Hurricane Isaac could flood crops and slow down harvesting. By Friday, investors had already worked those worries into their trading. Prices for all three commodities fell.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Read the original:
News Summary: A word from Bernanke pushes up gold

Related Posts

Comments are closed.