The Traderszone Network

Gold prices briefly touch their lowest level in more than five years after an underwhelming China update on its gold reserves.
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Lockheed Martin has agreed to buy United Technologies’ Sikorsky Aircraft for over $8 billion, two sources said on Sunday.

Two companies which produce giant robots have decided to stage a battle in 2016. Could this be the next billion dollar sport?

Barclays plans to cut more than 30,000 jobs within two years, in a step following firing CEO Antony Jenkins this month, The Times reported.

U.S. employers are finding it increasingly difficult to find skilled workers, according to a survey published on Monday, suggesting upward pressure on wage growth down the road. The National Association for Business Economics’ latest business conditions survey found that 35 percent of the 112 economists who participated reported their firms had seen shortages of skilled labor during the quarter ending in July. “The panel reports markedly increased shortages in the July survey, especially of skilled labor,” said survey Chairman Jim Diffley, who is also a senior director at IHS Economics.

Alstom (ALSO.PA), which is selling its power equipment business to General Electric Co (GE.N), posted first-quarter sales and order intake in its remaining transport segment that beat expectations and confirmed its medium-term growth target. Alstom Chief Executive Patrick Kron said “the project with General Electric is moving ahead”, with the process for competition and regulatory authorizations ongoing.

Mitsubishi Materials became the first major Japanese company to apologize for using captured U.S. soldiers as slave laborers during WWII.