May 22, 2013

NBA: Winning and business don’t always work together in NBA

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Jeff Zillgitt, USA TODAY SportsShare Story Highlights Cuban says he agrees with the NBA fining San Antonio for not playing top guys against Miami If Mavericks coach Rick Carlisle wanted to rest players, Cuban would agree and pay the fine David Stern needs to answer when is it OK to rest players? (PhatzRadio / USA [...]

NBA: Memphis Grizzlies sold to 34-year-old billionaire

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(PhatzRadio / AP) — Majority owner Michael Heisley has been trying to sell his Memphis Grizzlies for years to just the right person, and the Illinois billionaire finally found his buyer. Robert J. Pera, a 34-year-old billionaire from California. Heisley said Monday he has an agreement to sell his NBA team to a group headed [...]

Formula One joins other firms in hitting IPO brakes

Formula One commercial supremo Bernie Ecclestone speaks on the phone during the Monaco F1 Grand Prix

(Reuters) – Motor sport racing company Formula One has delayed its Singapore initial public offer worth up to $3 billion, the fifth big Asian IPO to be postponed or pulled in a week, as weak markets bring the global market for new listings to a shuddering halt. Worldwide, money raised from stock market flotations has [...]

Racing Formula 1: U.S. Grand Prix included in F1 calendar for 2012

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AUSTIN, Texas (AP) Yeehaw! Formula One is returning to the United States in 2012, bringing its ultra-fast cars and flair for the exotic to the land of longhorn cattle and cowboy hats. Barbecue in the pits, anyone? Formula One’s 2012 calendar with the U.S. Grand Prix in Austin on Nov. 18 was approved Wednesday at [...]

Construction stoppage puts Texas’ Formula One race in peril

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AUSTIN, Texas (AP) – Plans for Austin to host Formula One’s U.S. Grand Prix next year have been cast into doubt after construction of the racetrack was halted, and state authorities said Tuesday they would not pay in advance for the race. Construction on the track has stopped because of a contract dispute between Formula [...]