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Gold Industry News

• Early Glance: Gold companies February 7, 2012
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• NovaGold Closes US$332.5 Million Bought Deal Equity Offering February 7, 2012
  [Marketwire] - VANCOUVER, BRITISH COLUMBIA-- - NovaGold Resources Inc. today reported that it has completed its previously announced bought deal equity offering of 35 million common shares, at a price of US$9.50 per ... […]
• Orient Venture Capital Inc. Announces Proposed Qualifying Transaction With Virginia Energy February 7, 2012
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• Orient Venture Capital Inc. Announces Proposed Qualifying Transaction With Virginia Energy February 7, 2012
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• Denver Post Says Midway Gold Was the Top-Performing Stock in Colorado for 2011 February 7, 2012
  [Business Wire] - Midway Gold Corp. reports that on December 31, 2011, the Denver Post reported that Midway was Colorado’s top-performing stock in 2011 with a 151% share price increase. […]

Energy & Oil Industry News

• Oil prices climb as Iran threatens EU supply cut (AP) February 7, 2012
  AP - Oil prices are rising as Iran again threatens to cut off supplies to Europe. […]
• Average Maine heating oil price rises 1 cent (AP) February 7, 2012
  AP - The average price for home heating oil in Maine has risen one cent from last week to $3.72 a gallon. […]
• BP preparing "vigorously" for oil spill lawsuits (Reuters) February 7, 2012
  Reuters - BP said it was preparing "vigorously" for lawsuits related to its Gulf of Mexico oil spill, which are due to start later this month, as it unveiled a rise in fourth-quarter earnings boosted by higher oil prices and one-off gains. […]
• Oil hovers near $97 as traders eye US supplies (AP) February 7, 2012
  AP - Oil prices hovered near $97 a barrel Tuesday in Asia amid trader concern U.S. crude supplies will continue to rise because of weak demand. […]
• Canada's Harper in China visit focused on energy (AP) February 7, 2012
  AP - Canadian Prime Minister Stephen Harper is visiting China to discuss oil sales and other economic ties following U.S. President Barack Obama's rejection of a pipeline carrying Canadian oil across the continental United States. […]

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Business News

• Bernanke Reiterates U.S. Labor Market Is 'Long Way' From Return to Normal - Bloomberg February 7, 2012
  BloombergBernanke Reiterates U.S. Labor Market Is 'Long Way' From Return to NormalBloombergEnlarge image Ben Bernanke Ben Bernanke Carolyn Kaster/AP Federal Reserve Chairman Bernanke on Capitol Hill on Feb. 2, 2012. Play Video Enlarge image Federal Reserve Chairman Ben S. Bernanke Federal Reserve Chairman Ben S. Bernanke Andrew ...Bernanke stands f […]
• Nymex Crude Gains as Investors Reverse Brent Bet - Wall Street Journal February 7, 2012
  The GuardianNymex Crude Gains as Investors Reverse Brent BetWall Street JournalBy DAVID BIRD The spread between US benchmark crude oil futures and North Sea Brent crude, which climbed above $20 a barrel earlier in the day, sank back to near $17.75 a barrel, as investors bought US futures and sold the European benchmark, ...Oil wavers between small gains and […]
• Jewel-Osco parent to cut 800 jobs in US; 20 in Chicago - Chicago Tribune February 7, 2012
  KMVTJewel-Osco parent to cut 800 jobs in US; 20 in ChicagoChicago TribuneJewel-Osco parent Supervalu Inc. plans to eliminate 800 positions within the company, most of them by the end of February. About 20 of those positions will be cut from Jewel's Chicago-area headquarters. The Minneapolis-based chain has struggled with ...Supervalu to cut 800 office j […]
• Glencore and Xstrata deal draws criticism - Financial Times February 7, 2012
  Telegraph.co.ukGlencore and Xstrata deal draws criticismFinancial TimesBy Javier Blas, Kate Burgess and Tom Burgis Xstrata and Glencore are facing calls from some shareholders to sweeten their proposed all-share merger that would create a $90bn group, combining the world's largest commodities trading house with one of the ...Glencore, Xstrata Enlist 18 […]
• Coinstar Soars on Profit, Buyout of NCR Unit: Los Angeles Mover - BusinessWeek February 7, 2012
  New York Daily NewsCoinstar Soars on Profit, Buyout of NCR Unit: Los Angeles MoverBusinessWeekFeb. 7 (Bloomberg) -- Coinstar Inc., owner of the Redbox movie-rental kiosks, rose the most in 15 months after reporting profit that almost tripled and plans to buy the competing DVD service operated by NCR Corp. Coinstar, based in Bellevue, ...Coinstar surges on Re […]

More Business News

• Oil prices climb as Iran threatens EU supply cut (AP) February 7, 2012
  AP - Oil prices are rising as Iran again threatens to cut off supplies to Europe. […]
• Watchdogs to drag shadow banks into the light (Reuters) February 7, 2012
  Reuters - Beyond the reach of regulators, and about half the size of the world's banking industry, a thriving breed of "shadow banks" is emerging that could trigger the next chapter in the global financial crisis. […]
• Delaware officials wrestle over mortgage deal (Reuters) February 7, 2012
  Reuters - Delaware stands to leave up to $40 million in homeowner relief on the table, if it does not join a multi-state mortgage settlement, according to a letter from the state's banking commissioner seen by Reuters on Tuesday. […]
• Summary Box: Coke adjusted 4Q results beat Street (AP) February 7, 2012
  AP - THE NEWS: Coca-Cola Co.'s fourth-quarter net income fell 71 percent in the fourth quarter, mainly due to a benefit it received last year buying North American operations of one of its bottlers. […]
• Greece drafts bailout text for parties as talks inch forward (Reuters) February 7, 2012
  Reuters - Greece's government is preparing a document with a list of painful reforms needed to clinch a new financing package, a government official said on Tuesday, moving Athens one step closer to a deal needed to avoid a chaotic debt default. […]

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