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Investors all over Wall Street are baffled by the sharp move lower in gold

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The spot price ended the session with its biggest one-day fall in more than a year. Gold for June delivery closed at $1,501.40 an ounce Friday; that's the lowest price since July 2011.


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Electric car maker Fisker cuts 75 pct of workforce

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High end electric car maker Fisker Automotive, which has had financial difficulties for months, said Friday it was laying off 75 percent of its workforce, AFP reports.


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Amazon.com buys book lovers website Goodreads

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Amazon.com on Thursday announced that it is buying book lovers social network Goodreads in a move that could give Kindle tablets an edge over rival electronic readers, AFP reports.


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Kazakhstan in talks with McDonald's

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McDonald’s may enter the Kazakhstan market soon, President of the Eurasian Franchising Association Beknur Kissikov told Tengrinews.kz.


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KazTransOil announces 2012 earnings

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KazTransOil made over 33 billion tenge ($220 million) in 2012, Tengrinews.kz reports citing the company’s Director General Kairkeldy Kabyldin during the briefing on the results of the financial-economic and business activities of KazTransOil in 2012.