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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.