Former Federal Reserve Chairman Paul Volcker, an economic adviser to President-elect Barack Obama, told Major League Baseball owners that it will take longer than many people expect to repair the U.S. economy.
Volcker outlined his concerns about the financial industry and consumers that are driving the slowdown, said Oakland Athletics owner Lew Wolff. He didn't provide a timeframe of how long the decline will last, Wolff said.
``He was pretty much alerting us that this is not over yet,'' said Wolff, also co-chairman of Sunstone Hotel Investors Inc. ``The biggest idea was tha... More >
Outspoken Confederation of North Central American and Caribbean Association Football (CONCACAF) president and FIFA vice-president Jack Warner has criticised the English Footba...More>
Formula One race winners should receive gold medals next season with the world championship going to whoever wins most, commercial supremo Bernie Ecclestone said on Tuesday.
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JOHNSON and Johnson, a US health care product manufacturer, has decided not to extend its worldwide Olympic sponsorship through to the 2012 London Olympics, SportsBusiness Jou...More>
Major League Baseball will hold talks with DHL about the future of its sponsorship agreements after the Deutsche Post AG unit withdrew from the U.S. express- delivery market. ...More>
News Corp.'s Fox Sports Network won't match an offer made by Walt Disney Co.'s ESPN network to broadcast college football's Bowl Championship Series from 2011 through 2014, th...More>
The New York Times has shut down its quarterly sports magazine, Play, officials at the paper and its parent company said on Monday, marking another in a long list of contracti...More>
HRH Prince Feisal Al Hussein of Jordan announced on Monday that sixteen Asian and African countries troubled by conflict will send delegates to the second camp organised by th...More>
The British Olympic Association (BOA) has exclusively appointed Sportsworld as the official Ticket and Tour Operator for Great Britain for Vancouver 2010.
Following recent ...More>
The Tour of Georgia, one of American's cycling's most prestigious events, has been cancelled for next season.
Created in 2003, the Tour has failed to secure regular sponso...More>
Four sons of the late Pittsburgh Steelers founder Art Rooney Sr. agreed to sell a controlling stake in the National Football League team to brother Dan Rooney and his son Art ...More>
Canadian officials have failed to reach a deal to reinstate Montreal's Grand Prix to the 2009 Formula One schedule.
The race was dropped from the calendar for next season ...More>
ESPN will televise golf's British Open beginning in 2010, putting all four rounds of the sport's oldest event entirely on cable for the first time in the U.S.
Walt Disney ...More>
Billionaire Julian Robertson, who founded hedge fund Tiger Management LLC, said North American sports franchises are overvalued.
``There is a lot of interesting business i...More>
Canadians have submitted C$345 million ($285 million) in requests for tickets for the 2010 Olympics in Vancouver, organizers said on Thursday.
The heavy demand means organi...More>
