He and his partners came up short in bidding for the L.A. Clippers, but Grant Hill isn't giving up. He tells CNBC he still wants to own a team.» Read More
When the Soviet Union collapsed in 1991, Aras Baskauskas, then 10, went back to visit Lithuania, where his father was born. While there, his father, who is in the importing business, had the chance to buy 75,000 Russian winter hats for pennies. He shipped them back to California, where the family was living, and sold them all at a profit in less than a year.
Yesterday, the Tiger Woods tabloid world was buzzing at the notion that Puma’s Swedish brand Tretorn was interested in signing Tiger’s wife Elin. For its part, Puma denied any talks, but Tretorn told CNBC that it wouldn’t comment. This all got us thinking, would it really be smart to sign her to an endorsement deal?
Professional golf will survive and thrive even with one of its greatest-ever stars sidelined by the sport's worst-ever scandal, PGA Tour Commissioner Tim Finchem told CNBC.
Executives with Major League Baseball and the UFC were in front of the House Judiciary Committee on Wednesday to discuss the increasing problem of live streaming of its sporting events to the Internet.
As Tiger Woods tries to hold on to his endorsements, his wife Elin was rumored to be scoring one. Early this morning, TMZ reported that Elin, who has done some modeling work, is “very close” to signing a deal with Puma’s Tretorn brand. The brand, which specializes in boots, shoes and tennis balls, was founded and is still headquartered in Elin’s native Sweden.
Here in this season of holiness, I'm bombarded with more than the usual quotient of stories about...sex.
With its top spokesman out on an “indefinite break,” the thinking is that Nike Golf’s $650 million business could take a massive hit. But industry insiders said that, contrary to reported anecdotal evidence, Tiger Woods’ absence –- however long it is -- likely won’t make that much of a difference to sales.
Stocks closed at a 14-month high Monday as news of an energy deal and a lifeline for Dubai helped buoy the market — and investors' appetite for risk.
Stocks were higher in afternoon trading Monday as news of an energy deal and a lifeline for Dubai helped buoy the market.
The Cleveland Cavaliers have reached a deal to sell a minority stake in the team to an investor from China. Cavaliers vice chairman David Katzman –- whose Camelot Ventures group owns 15 percent –- told CNBC that this deal is expected to be approved by the end of the year by the NBA’s board of governors.
CNBC Investigates takes you inside the high-stakes world of illegal gambling where some people are cashing in while others face prison terms or even death.
Stocks opened slightly positive Monday as investors grew less jittery about the situation in Dubai and a big merger deal helped juice the energy sector.
Stock index futures pointed to a positive open for Wall Street on Monday as investors cheered news that Abu Dhabi would provide $10 billion of surprise aid to neighbor Dubai.
As you've heard by now, Tiger Woods lost his first endorsement deal on Sunday night as global consulting company Accenture announced their deal with Woods had been immediately terminated.
Tiger Woods' decision to withdraw from professional golf due to a sex scandal is already raising questions about his future as a magnet for corporate sponsors.
Tiger Woods is taking an indefinite leave from professional golf to work on saving his family, using the word "infidelity" for the first time in a statement posted on his Web site.
During the media frenzy that has unfolded since Tiger Woods' car accident, Accenture removed the golfer's image from the front page of its Web site.
As the PGA tells our Darren Rovell that his Tiger's troubles have nothing to do with the fact that he's not pictured on their website at the moment, and as some official sponsors might be debating where to go from here, many marketing executives consider Tiger toxic.
Irish bookmaker Paddy Power is taking bets on which company, if any, will cut its endorsement ties with Tiger Woods.
For years, the Gateway Grizzlies took pride in having the best minor league baseball concession item. But last year, the independent team based in Sauget, Ill., was unseated from their perch by the West Michigan Whitecaps’ Fifth Third Burger.
Get the best of CNBC in your inbox