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For the first time, New York dislodges London as world's top financial center

London is not anymore the top financial center in the world. According to the Global Financial Centres Index, that title now belongs to New York, Bloomberg reported.


Leonardo DiCaprio purchases Palm Springs estate for $5.23M

Leonardo DiCaprio has bought a Palm Springs estate once owned by singer Dinah Shore and designed by architect Donald Wexler for $5,23 million, the Los Angeles Times reported.

Los Angeles files lawsuit against Time Warner Cable Inc, claims cable firm owes it $9.7M in fees

The City of Los Angeles sued Time Warner Cable Inc for its failure to pay franchise fees amounting to nearly $10 million in the past, the Los Angeles Times reported.

Pimco CEO Douglas Hodge says El-Erian's resignation a "big surprise"

Douglas Hodge, the Chief Executive Officer of Pimco, told German newspaper that the abrupt decision of Mohamed El-Erian to leave the firm surprised everyone, Reuters reported.


Latest News

According to security researchers at Securelist, the data stolen from the computer owned by Mt Gox Chief Operating Officer Mark Karpeles' computer contained malware that pretended to be a back-end app for Mt Gox transactions but actually stole users' Bitcoins.
Euromillions jackpot GBP107.9 million has been one by a British ticker holder but was not yet identified, reported BBC News.
Singer Chris Brown was arrested after violating a probation streaming down his 2009 assault on popstar Rihanna, ABC News reported.
Measles has broken in New York City and has listed 16 identified cases, six of which resulted to hospitalizations.
TV presenter Katie Piper welcomed her baby girl to the world whom she named Belle Elizabeth, reported Mirror.
American e-commerce giant Amazon is planning to hire hundreds of workers for its fourth fulfillment center in Kent, Washington, where customer orders will be packed and shipped.
Sina Weibo, the China-based microblogging and social media site, has filed its IPO prospectus with the US Securities and Exchange Commission to raise as much as $500 million in its planned US debut, TechCrunch reported.
Palo Alto, US-based beauty box retailer Memebox, which was imported from South Korea, bagged $1.5 million in venture funding to establish its presence in the US.
Warren Buffet said Bitcoins were a "mirage" and that investors should "stay away" from it, VentureBeat reported citing the investor's comments on CNBC's "Squawk Box."
Nigeria-based mobile security startup i.Sec nabbed $10 million in a funding round from private equity group Synergy Capital to prepare for its public launch this May and for other undisclosed purposes.