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Gold yesterday settled up 2.34% at 28277 as prices got support on account of short covering ahead of

The United Airlines has said that it found pinched wire in an emergency beacon on its Dreamliner airplanes and it has been replaced.

ANA, which is the biggest operator of 787s, said that the company found a dented wire in a fixed beacon and another in a portable beacon during the previous week. The airline has since removed all beacons from the eight 787s that were used in the domestic service. Boeing Co has reportedly asked the operators to investigate emergency beacons on several planes.

US online retailing giant, Amazon has said on Monday that it is planning to add 7,000 jobs in an effort to meet the growth in demand from tis customers.

Hundreds of fast-food workers walked out of McDonald's, Burger King and Wendy's restaurants across New York on Monday to take part in a strike to demand better pay and other aspects.

The workers are demanding the right to unionize and asking for the minimum wage to be increased from $7.25 to $15 an hour. They also said the companies should abolish, what they described as "abusive labor practices." Workers gathered outside stores and chanted to express their demands.

Hudson's Bay Company headed by Mr. Richard A. Baker, is planning to acquire one of the oldest and most revered names in luxury retailing, Saks in a cash deal valued at $2.4 billion.

Real estate major, Baker had acquired department store chain Lord & Taylor in 2006, a move that was looked with doubt at that time. Mr. Baker has been working with the industry not for years and is planning to merge Saks with Lord & Taylor and the Canadian chain Hudson's Bay to create a respectable player in the industry.

The energy sector regulator in the US has accused financial giant, JPMorgan Chase for its involvement in manipulating the energy markets.

Experts have said that JPMorgan Chase is likely to reach a settlement with the regulator in the country. The Federal Energy Regulatory Commission's accusation against the company comes ahead of a likely settlement involving millions of dollars. The settlement would allow the company to avoid accusations that displayed trading strategies in a way that it showed inefficient power plants into profit centres.