SINGAPORE, Dec 5- Gold edged lower on Thursday following a short-covering rally in the previous session, weighed down by concerns the U.S. *Spot gold fell 0.4 percent to $1,238.30 an ounce by 0027 GMT, after gaining 1.6 percent in the previous session. *Barrick Gold Corp said chairman and founder Peter Munk will leave the board at the gold miner's next annual meeting.» Read More
*Brazil investing heavily to increase energy capacity. SAO PAULO, Oct 26- A blackout affected as many as 12 Brazilian states late Thursday night and early Friday according to local media reports, the latest in a string of power shortages that have raised questions about whether Brazil's infrastructure is keeping pace with economic growth.
SANTA FE, N.M.-- The state Environmental Department says workplace deaths in New Mexico rose substantially in 2011.. The department says it logged a total of 51 deaths last year from 38 in 2010. The biggest increase was tallied among transportation workers, where 21 people were killed last year.
NEW YORK-- HMS Holdings Corp.' s shares shed nearly a quarter of their value Friday after the medical information company said its third-quarter earnings dropped 27 percent on higher costs. The New York company earned $10.5 million, or 12 cents per share, in the three months that ended Sept. 30.
NEW ORLEANS-- The Federal Emergency Management Agency has reimbursed the Louisiana Department of Public Safety for nearly $1.3 million in costs associated with its response to Hurricane Isaac.
CHICAGO-- Medical real estate company Ventas Inc. said Friday that its funds from operations grew 12 percent in the third quarter, buoyed by acquisitions. Ventas invests in, manages, finances and leases real estate used by health care companies.
RICHMOND, Va.-- Virginia economic development officials are releasing a guide to promote the export of services from companies around the state. The guide is from the Virginia Economic Development Partnership's International Trade division.
LONDON-- A former UBS trader accused of losing $2.3 billion through reckless deals and deceit broke down in tears in court Friday as he insisted he had acted purely to help save the bank he considered his family. Kweku Adoboli denied fraudulent behavior as he took the stand for the first time, six weeks into his trial at London's Southwark Crown Court.
The maximum wholesale rate will rise from $4,500 a megawatt hour now to $5,000 in June 2013, $7,000 in June 2014 and $9,000 in June 2015. State officials have warned that higher prices are needed to encourage companies to build more power plants as the Texas population grows.
BETHESDA, Md.-- Coventry Health Care Inc.' s third-quarter net income dropped 14 percent, as the health insurer's medical costs and other expenses outweighed revenue gains from an expansion of its Medicaid business.
LONDON, Oct 26- Gold fell on Friday, edging closer to seven-week lows touched earlier this week as equities came under pressure from disappointing earnings results, with the focus on U.S. third-quarter growth data due later in the day.
BALTIMORE-- A bank vice president has pleaded guilty to embezzling more than $600,000 from the institution. Fifty-six-year-old Wanda Henderson of Westover, Md. entered the plea on Thursday. According to her plea agreement, Henderson was vice president and executive assistant to the president of Hebron Savings Bank.
U.S. District Court Judge Christina Reiss rejected the argument made by New Orleans- based plant owner Entergy Corp. that the payment is not a tax and said federal court lacked jurisdiction over the case. Reiss granted the state's motion to dismiss the case saying, Entergy's challenge "could be brought directly in Vermont's state courts."
JACKSON, Miss.-- A settlement has been reached in a federal lawsuit brought by a man who was injured in a deadly explosion at an International Paper Co. mill in Mississippi in 2008.. Jeb D. Slade settled his lawsuit after a hearing Thursday in U.S. District Court in Natchez.
NEW YORK-- No love for Uggs: Shares of the sheepskin boots maker, Deckers Outdoor Corp., tumbled 16 percent Friday to a three-year low because consumers have turned away just before the start of the holiday shopping season. The Goleta, Calif., company had previously predicted that profit would jump 22 percent in those months.
Oct 26- Consumer products maker Newell Rubbermaid Inc said it would cut about 2,000 jobs or slightly more than 10 percent of its staff, over the next 2 1/ 2 years, joining a slew of U.S. companies trying to counter slowing sales by reducing costs.
LONDON, Oct 24- Accused UBS ``rogue trader'' Kweku Adoboli said on Friday he did not believe his behaviour had been fraudulent and it was unfair to suggest that his previous jobs in the UBS back office had given him the knowledge and skills to commit fraud.
Stock indexes are moving between small gains and losses on Wall Street Friday after Goodyear Tire& Rubber and other companies turned in weak earnings reports. Goodyear's stock sank 7 percent after the company said that a steep dropoff in sales in Europe delivered a blow to the company's earnings.
Seven years ago that was a resounding `no' when a lockout forced the cancellation of the entire NHL season as owners held out for a salary cap. The NHL didn't make any formal announcement on the 40th day of the lockout. "No contact," NHL deputy commissioner Bill Daly told The Associated Press in an email Thursday.
MILAN-- A court in Milan Friday convicted former Premier Silvio Berlusconi of tax fraud and sentenced the media mogul to four years in prison, his first prison sentence in years of criminal probes. In Italy, cases must pass two levels of appeal before the verdicts are final.
BALTIMORE-- Legg Mason, the money management firm in the middle of a rocky CEO transition, on Friday reported results that beat Wall Street estimates even as revenue slipped. For the fiscal second quarter, which covered July through September, Legg Mason earned $80.8 million, or 60 cents per share, up 42 percent from $56.7 million, or 39 cents per share, a year ago.