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GSI Commerce Posts Wider-Than-Expected 2Q Loss; Shares Slide

Source: WSJ.com GSI Commerce reported a loss of $25.7 million, or 41 cents a share, from a year-earlier loss of $13.1 million, or 27 cents a share. There were 30% more shares outstanding in the most recent quarter.   Related posts Walgreens: no new Medicaid patients as of April 16 UK jobless hits 2.1m as [...]

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Police shut down Mariposa hacker ring

Police, private security experts and internet service providers said on Wednesday they had shut down the Mariposa botnet, one of the largest networks of hacked personal computers discovered.

It had siphoned off financial and other information from inside half of the largest 1,000 US companies.

Computers using about 12.7m internet addresses in 190 countries were compromised, although some [...]

Gold climbs to record above $1,217-ounce

Gold futures climbed to a record above $1,217 an ounce on Wednesday, buoyed by strong demand from investors amid worries about the U.S. dollar’s continued weakness.

Source/Full Story: MarketWatch

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March 19, 2009 — Investors rush for inflation protectionCommodities prices surged on Thursday as investors sought protection against the risk of higher inflation by buying everything from [...]

Peak Gold: Barrick shuts hedge book as world gold supply runs out

Aaron Regent, president of the Canadian gold giant, said that global output has been falling by roughly 1m ounces a year since the start of the decade. Total mine supply has dropped by 10pc as ore quality erodes, implying that the roaring bull market of the last eight years may have further to run.

“There is a [...]

‘Arctic Sea’ was carrying illegal arms, says general

A general close to the investigation into the mysterious voyage of the Arctic Sea has told a Russian newspaper that he suspected the ship was carrying a secret cargo of illegal weapons, as many conspiracy theorists have suggested.

The newspaper, Komsomolskaya Pravda, interviewed what it described as a senior general in the Russian Navy who had been [...]