SEOUL, South Korea— A former South Korean government minister was nominated to take over the organizing committee of the 2018 Winter Olympics on Tuesday, just hours after Cho Yang- ho quit amid escalating financial troubles at the business group his family controls. Cho is chairman of the Hanjin Group, which controls Olympic sponsor Korean Air and a major... » Read More
The latest on Michael Phelps has him contemplating whether he wants to swim in the 2012 Olympics, which was previously a given.
When Hollywood does sports movies, they are always careful to bring in consultants to make sure the action looks authentic. Well, it's only 30 seconds, but it appears like the folks at Research in Motion, parent company of the BlackBerry, should have brought in a sports consultant for its spot that has been running incessantly during NFL games.
In a somewhat surprising move, Nike has pulled out of the Olympic swimwear market.Sources told CNBC that, last week, officials with the world's largest shoe and apparel maker told college swim coaches who they have contracts with, that the company would no longer be developing the latest and greatest for championship swimmers.
Medal Round - Final: The Beijing Olympics have come and gone, and so does our World Markets Olympic Challenge. The USA's S&P 500 surged on its last day of the competition to solidly take the gold. See how the other indices finished here.
We tallied the countries with the most gold awarded in a summer Olympics since regulations were established in 1978, and the value of gold during that period.
India’s economy is the twelfth largest in the world in terms of GDP measured in US dollars, with a solid $1.10 trillion in GDP for 2007. Here are stats and stocks from India.
Medal Round - Only One Day to Go: With only one day left in the competition, the USA's S&P 500 finished the day up .25%, the only competing index to gain for the day. It'll take a big rally in Australia to catch the S&P, but who will take home the silver and bronze?
Medal Round - Day 9: After a few rough days, most of the contenders have a positive day. Switzerland, however, pulled back a bit and the S&P 500 has padded its lead. Australia is coming on fast. Will the USA be able to hold on?
Winning a gold medal at this year’s Beijing Summer Olympics may bring more than just bragging rights, fans, glitz and fame. Olympians like Michael Phelps are also winning huge endorsement deals from companies that want to share in their glories. What kind of payoff do they and their sponsors stand to receive?
Medal Round - Day 8: Another tough day. Only three days to go and the S&P 500 is barely in positive territory. A 1% spread with the Swiss Market Index remains. Will the USA be able to hold on?
As people debate whether Michael Phelps will be a lasting icon, one company says its data shows that Phelps' legacy is bigger than the legacy of New York Yankees shortstop Derek Jeter.
Medal Round - Day 7: The Nikkei has made a big run in the past few days. Will it be able to finish the week strong and upset the S&P?
Germany’s economy is the third largest in the world in terms of GDP, after the United States and Japan, with a $3.3 trillion GDP in 2007. Here are stats and stocks from Germany.
Medal Round - Day 6: With only days to go before the end of our World Markets Olympics Challenge, the USA seems to be pulling away. Switzerland has pulled back into second and Australia is in third. Who will finish the week strong and grab a medal?
We know what Michael Phelps has meant in the United States from seeing the television ratings and the reaction by collectors on eBay. But I'm at a Michael Phelps Visa press conference in Beijing right now and it is insane here.
Having been in the audience at the Bird's Nest on Saturday night here in Beijing, there were a lot of people that were confused -- along with awed -- by the way Usain Bolt celebrated his upcoming gold medal with 20 meters to go in the 100 meter race, and still broke a world record.
Many Americans are more surprised by Michael Phelps' calorie count than his medal count. This guy with no body fat consumer as much as 12,000 calories a day. That's the total equivalent for a family of five. Or six.
Japan’s economy is the second largest in the world in terms of GDP, after the United States, with an estimated $2.8 trillion GDP for 2007. Here are some key stats on Japan's economy and markets.
Medal Round - Day 5: Half way through the medal round, the playing field continues to shift. The US' S&P 500 looks poised to stay on track for the gold, but the silver and bronze are up for grabs.
Michael Phelps' dominance in the pool here in Beijing is causing a ripple effect throughout the collecting world.