Tony Allen News
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Roy Hibbert had 24 points and 12 rebounds to lead the Indiana Pacers to an 82-71 win over the New York Knicks in their National Basketball Association playoff series.
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Memphis Grizzlies center Marc Gasol was named the National Basketball Association’s Defensive Player of the Year, topping LeBron James of the Miami Heat.
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Memphis Grizzlies coach Lionel Hollins banned gambling by players on team flights and in hotel rooms after a fight over an unpaid debt from a card game, The Commercial Appeal reported .
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The dollar held yesterday’s advance against the euro before reports economists said will show fewer Americans filed for unemployment benefits, indicating the labor market is recovering.
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The Australian and New Zealand dollars declined against the yen for the first time in five days as concern increased that global economic growth will slow and Asian stocks failed to extend a four-day rally.
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The Australian dollar touched its strongest level in more than two years against the greenback as speculation the Federal Reserve will expand stimulus measures boosted demand for higher-yielding assets.
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Bank of America Corp., the second- biggest U.S. lender, divested a $1.3 billion credit-card portfolio after SLM Corp. chose Barclays Plc. for its college- savings program.
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The Swiss franc strengthened against higher-yielding currencies as oil prices rose above $100 a barrel for a second day amid unrest in North Africa and the Middle East, fueling demand for the currency as a haven.
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Damon Albarn heads for Africa.
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The biggest U.S. banks are extending less credit amid a faltering economic recovery as regional lenders step in to fill the gap.
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