Gold raced to a record high above $1,140 an ounce Monday, gaining 2 percent as a weakened dollar boosted funds' risk appetite for investments across the board.

Hedge fund billionaire John Paulson's firm took a stake in the bank, while cutting holdings in Bank of America and its interest in Goldman Sachs, according to a regulatory filing on Friday.

Two computer programmers provided technical support to falsify documents and trading records for swindler Bernard Madoff and took hush money to help keep the massive fraud going, U.S. authorities said.

Saudi Oil Minister Ali al-Naimi said on Friday the Kingdom's overall downstream investment drive will double its refining capacity at home and abroad by 2015.

Texas billionaire T. Boone Pickens has made headlines with his clean energy plan for America. But what you haven't heard is the 81-year-old's plan to stay mentally and physically fit.  Neuroscientists who have studied his brain say it appears to function like someone half his age. 

Hedge fund billionaire John Paulson raised his firm's stake in Cadbury on Wednesday and now holds 2.54 percent of the British confectioner, the subject of a hostile bid by U.S. food group Kraft.

The trial of two former Bear Stearns hedge fund managers went to a jury on Monday, the first high-profile Wall Street executives criminally charged with fraud over subprime mortgage-backed securities that fueled the market meltdown.

The Obama administration on Friday rejected a proposal by Goldman Sachs to buy as much as $1 billion in tax credits from Fannie Mae, saying the deal would have amounted to a net loss for taxpayers, the New York Times reports.

Citigroup is planning to relaunch Citi Alternative Investments (CAI), a unit that contains its hedge fund operations, the Financial Times reported on its website on Friday.

The trading scheme uncovered at prominent hedge fund firm Galleon Group last month was widened Thursday to include a number of smaller, less known firms. But it also appears to touch a prominent firm.

Zvi Goffer could have passed for Tony Soprano when he warned confederates in his alleged insider-trading ring that "someone's going to jail."

Federal and state authorities announced charges against 14 new defendants in the Galleon insider-trading scandal.

The new defendants include hedge fund traders and money managers, a mergers and acquisitions attorney, a corporate executive, and an associate analyst for the Moody's credit rating agency.

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Tom Maheras, Citigroup's former president and the man at the heart of the firm's push into what eventually became tens of billions of dollars in toxic debt, is running a hedge fund that is up 84 percent so far this year thanks at least in part to some unusual investing.