National Basketball Association owners unanimously approved the sale of the Milwaukee Bucks to Avenue Capital Management’s Marc Lasry and Fortress Investment Group LLC cofounder Wesley Edens for $550 million.
Bank of Montreal, which advised on deals involving two Canadian premier hockey teams in the past five years, is targeting North America’s sports industry to bolster its U.S. mergers-and-acquisitions business.
Concerns are building among members of the U.S. Congress over AT&T Inc.’s proposed $39 billion purchase of T-Mobile USA Inc., as a Democratic senator urged the government to block the deal and three other lawmakers criticized it.
Senator Herb Kohl, a Wisconsin Democrat who is chairman of a U.S. Senate antitrust panel holding a hearing on Google Inc. today, questioned whether the company can provide unbiased Internet search results.
The connection between major national charities and telemarketers should be investigated by the Federal Trade Commission for possibly abusing tax-exempt status or breaking the law, U.S. Senators Richard Blumenthal and Herb Kohl say.