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Gold manage to close above 1100$ las

Nearly 5,000 heavy duty vans are being recalled amid concerns of potential engine fires, General Motors Co. has said.

While General Motors is recalling thousands of heavy-duty 2010 Chevrolet Express and GMC Savana passenger and cargo vans, GM spokesman Alan Adler assured the public the recall issue has not resulted in any accidents or injuries to date, the Detroit News said on Saturday.

Three fires did take place after the vans were manufactured and left the assembly plant, Adler said. The vans being recalled were all manufactured in February or March.

The Washington Post has been told by sources that the Obama administration is poised to sell its stake in Citigroup, netting about $8 billion in profit.

The Post further reported that Citigroup's bailout was the biggest on Wall Street.

According to the report, the government's 27 percent stake in the bank has grown in value to $33 billion.

The Post also said that leading financial firms such as J. P. Morgan Chase, Morgan Stanley and Goldman Sachs are competing to be chosen as the deal's underwriters.

It has agreed to sell Volvo Cars to Chinese automaker Geely for $1.8 billion, Ford Motor Co. said on Sunday.

Geely Chairman Li Shufu, Volvo Cars President and Chief Executive Officer Stephen Odell and Ford Chief Financial Officer Lewis Booth made the announcement, the Detroit Free Press reported.

The newspaper also reported that the news came at an event at Volvo's headquarters in Gothenburg, Sweden.

A benchmark index for Indian equities begun the week on the positive note and was ruling about 40 points higher an hour into trade Monday.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which belled the day at 17,639.18, stood at 17,682.87 after gaining 38.11 points (0.22%) than its last closure.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was trading at 5,295.55, up 13.55 points (0.26%) from its previous close.

Dutch researchers have found that most bullies are motivated to gain status and affection so they avoid bullying those who are well liked.

15 percent of children are victimized, leading to depression, anxiety, loneliness and other negative outcomes, Researchers at the University of Groningen, the Netherlands, said.

Almost 500 elementary-school children ages 9-12 were questioned by study leader Rene Veenstra and colleagues.

It was found by the study that bullies generally choose to gain status by dominating their victims.