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U.S. markets news

Reports: Manny Pacquiao to undergo shoulder surgery
The week keeps getting worse for boxer Manny Pacquiao. After losing to Floyd Mayweather by unanimous decision Saturday, it was determined Pacquiao will have to undergo right shoulder surgery for a torn rotator cuff, putting him out of action for 4-6 months ...
Periscope brings mega-fight to thousands for free  KVVU Las Vegas
Manny Pacquiao headed for shoulder surgery  CBC.ca
New Zealand Herald  
Australia Cuts Interest Rate to Record Low 2 Percent
Australia's central bank on Tuesday cut its benchmark interest rate to a record low of 2 percent in a bid to jolt the nation's economy which is weighed by falling commodity prices and weakening demand from China.
Markets Live: RBA cheers investors  Sydney Morning Herald
Australia cuts rates for second time this year  CNBC
Asia shares edge up, Australia rate decision looms
Asian shares inched cautiously higher on Tuesday as investors wagered Australia would become the latest country in the region to inject more policy stimulus into its economy.
Asian shares tread water ahead of Australia rate decision  Reuters UK
MarketsFast Asia Open - Aussie benchmark rate in focus  Financial Times
Fed not likely to increase US rates until September
The US economy slowed sharply in the first quarter of the year, with annualised GDP growth falling to just 0.2% from 2.2% in the final quarter of 2014.
Inflation Expectations Tick Up  Wall Street Journal
Noting slower economy, Fed appears no closer to a rate hike  Waterbury Republican American
Study connects emission cuts to reduction of early deaths
A new study finds that the Obama administration's controversial plan to cut climate-changing carbon dioxide emissions from coal-burning power plants could also reduce the number of premature deaths in the U.S.
Ohio, Mich. could reap benefits  Toledo Blade
EPA emissions plan will save thousands of lives, study finds  Boston Globe (subscription)
Pimco loses biggest bond mutual fund title after investors pull another $US5.6b
Two years of client withdrawals at Pacific Investment Management Co's flagship have cost it the title of the world's biggest bond mutual fund.
Pimco bond fund no longer world's biggest after Bill Gross' jump to ...  Denver Business Journal
Pimco Total Return Fund Loses World's Biggest Bond Fund Title  Fox Business
MTA no longer satisfied with $657M infusion from city, now wants $2.5B
Mayor de Blasio met the MTA's capital budget request Monday - or he thought he had, until the agency turned around and asked for nearly $2 billion more.
MTA wants $1B from NYC for Second Avenue Subway  New York Post
Greater New York Watch  Wall Street Journal
Cisco veteran Robbins to take over as CEO from Chambers
(Reuters) - Cisco Systems Inc Chief Executive John Chambers will step down in July after 20 years at the helm of the network equipment maker, a symbol of the dot.
Big shoes to fill for Cisco's new chief  Financial Times
Cisco looks to salesman Robbins for tech leadership  Reuters Canada
Airlines bring in more money from bag, reservations fees
U.S. airlines are earning billions, and they are collecting more in fees on checked bags and reservation changes. (Source: CNN). By DAVID KOENIG AP Airlines Writer.
U. S Airline Bag and Reservation Change Fees Rise as Fares Remain Low  Investor Newswire
Fees and Low Fuel Prices Keep Airline Profits Rising  New York Times
Musk's SolarCity First in Line for Tesla Batteries
Elon Musk, the billionaire entrepreneur who unveiled his "Powerwall" home battery Thursday, is already offering them to SolarCity customers seeking backup supply when the grid goes down.
Tesla CEO plugs into new market with home battery system  messenger-inquirer
Tesla battery could power big change in electricity use  CBC.ca