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Category: Economy

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Manny Pacquiao-Floyd Mayweather bout shatters several boxing revenue records

The recent welterweight title unification showdown between Floyd Mayweather-Manny Pacquiao officially shattered all-time boxing records for live gate,...
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Charter pursues Time Warner Cable merger; holds talks with banks

Charter Communications Inc. is holding early-stage discussions with banks to arrange a $25bn to $30bn debt package as the company seeks to pursue its ...
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Morgan Stanley stake in Creative Circle sold for $570M

A Morgan Stanley private-equity fund announced on Monday that it has sold its majority stake in staffing firm Creative Circle to On Assignment Inc. in...
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Google to unveil Android M in I/O conference next month

The Android M is slated to hit the inaugural conference that will kick off on May 28. Likewise, this information was based on the description in the c...
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NY nuke plant spilling oil into Hudson River

Oil from New York's Indian Point nuclear plant that spilled into the Hudson River on Saturday evening is being contained and recovered, officials said...
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CBS Corp. sees Q1 profit drop by 19 percent

CBS Corp. reported a 19 percent decline in first-quarter profit due to lower revenue as it aired fewer National Football League playoff games and a dr...
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U.S. payrolls add 223K jobs in April; unemployment rate down to 5.4 percent

The U.S. job market bounced back to growth after a severe winter, easing concerns of a continued economic slowdown and keeping the Federal Reserve on ...
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ConocoPhillips, Phillips 66 settle antipollution lawsuits in California

ConocoPhillips and Phillips 66 agreed to settle lawsuits filed against them in California, agreeing to pay $11.5mn. The state accused the companies fo...
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Pentagon audit finds employees used travel credit cards for gambling, escorts

Defense Department personnel used their government travel credit cards to spend more than $1 million at casinos and adult entertainment venues last ye...
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ADP report: U.S. private-sector employment adds 169K in April

Private-sector payrolls increased at a slow pace for the month of April, according to an employment survey by payroll processor Automatic Data Process...