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Category: Economy

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GoDaddy, Inc. sets IPO price at $20 per share

GoDaddy, Inc. has set a price of $20 per share for its initial public offering, higher than its previous estimate of $17 to $19 per share, according t...
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Blackstone Group LP buys 3 hotels for $1.3B from Paulson & Co. group

Blackstone Group LP had agreed to pay $1.3bn to acquire three high-end resorts in the U.S. from a group led by Paulson & Co., according to a source fa...
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Yahoo and Microsoft Extend Search Deal Negotiation for 30 More Days

Yahoo and Microsoft have both agreed to extend an additional 30 days to their search deal partnership.
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Madison Square Garden Co. unveils new plans to separate businesses

Madison Square Garden Co. revealed plans on Friday to form two publicly traded companies with a structure that is different from the one stated last O...
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U.S. economy grows 2.2 percent in fourth quarter; matches earlier forecast

The U.S. economy expanded at an unrevised pace in the last three months of 2014, according to the final reading by the Commerce Department released on...
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U.S. consumer sentiment index falls by lower than expected in March

Consumer sentiment in the U.S. fell by less than previously forecast in March, according to data by the University of Michigan released on Friday.
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Chevron Corp. plans to sells stake in Australian oil-refining unit

Chevron Corp. said on Friday that it plans to sell its interest in an oil-refining business in Australia for about $3.60bn, as the U.S. oil giant cuts...
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U.S. unemployment claims down 9K to 282K in March 21 week

Initial jobless claims in the U.S. fell by more than anticipated in the week ended March 21, due to a modest rise in first-time claims for unemploymen...
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U.S. durable goods orders down 1.4 percent in February; misses estimates

New orders for U.S.-manufactured durable goods surprisingly fell in February due to a significant decline in transportation equipment orders, accordin...
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Forbes estimates Yankees to be worth $3.2 billion

Forbes magazine valued the New York Yankees at $3.2 billion and the average MLB team at $1.2 billion, the latter going up 48 percent from last year. ...