Standard & Poor’s said President Barack Obama met with Treasury Secretary Timothy Geithner just before Geithner warned the company to expect a response to its downgrade of U.S. debt, an event that justifies its request to see White House communications to help defend fraud claims.
A company with ties to Stan Kroenke, the billionaire owner of the St. Louis Rams, bought 60 acres (24 hectares) of land in the Los Angeles area, where investors have been trying to lure a National Football League team.
Alex Rodriguez will sit out a full Major League Baseball season for violating the sport’s performance-enhancing-drug policy after an independent arbitrator reduced his original 211-game ban on an appeal by the New York Yankees third baseman.
Alex Rodriguez will sit out the entire 2014 season for violating Major League Baseball’s performance-enhancing-drug policy, after an independent arbitrator reduced his original 211-game ban on an appeal.
Alex Rodriguez will forfeit $25 million in base salary while suspended from Major League Baseball for the 2014 season. The longest drug-related ban in the sport’s history will cost him more than that in missed bonuses and lost endorsements, sports marketers said.
MGA Entertainment Inc. sued Mattel Inc. for trade-secret theft in California state court, seeking $1 billion in damages after a federal appeals court threw out a $172.5 million verdict over the claims.
Former U.S. Treasury Secretary Timothy Geithner told McGraw Hill Financial Inc. Chairman Harold W. McGraw III in 2011 that Standard & Poor’s downgrade of the U.S. debt would be met by a response, S&P said.