Gold falls on the higher USD appeal

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Source: Forexpros

Gold prices decreased as investors tend to increase the Dollar positions avoiding the yellow metal as they are worried about the spreading Euro Zone crisis. Gold futures for delivery in February traded at USD1,556.15 a troy ounce during the Asian morning traded, on the Comex division of the New York Mercantile Exchange, losing 0.51%.

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Thu, 29 Dec 2011 09:33:36 GMT

New York Times to sell 16 regional newspapers

New York Times announced it is going to sell 16 of its regional newspapers across the California and US Southeast to Halifax Media Holdings to reduce costs and concentrate on its most significant newspapers and their websites. The deal is valued at $143 million. Regional newspapers have been suffering from decline in national advertising and local retail, reflecting broader economic struggles. 

Thu, 29 Dec 2011 08:59:29 GMT

Sears to be downgraded by S&P

On Wednesday Standard & Poor's decided to put retailer Sears Holdings Corp. for a probable downgrade. S&P agency insists that closing more than 100 stores is not very likely to improve Sears performance. Sears corporate credit rating affirmed by S&P currently is at B. Sears stocks plunged on Tuesday after retailer announced it will shut between 100 and 120 Sears and Kmart stores to reduce costs. 

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