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    For the second straight Summer Olympiad, swimsuit maker Speedo is floating a $1 million prize to Michael Phelps if he ties Mark Spitz's 1972 gold medal record of seven gold medals in a single Olympics.

  • A strong earthquake rocked the western Chinese provinces of Sichuan and Gansu on Tuesday, killing one person and injuring 23 near the site of May's devastating quake that killed at least 70,000 people.

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    I think I've been to roughly 75 stadiums and arenas throughout my life and I think I'm going to come away from these Olympics ranking the Bird's Nest and the Water Cube as the top two.

  • Michael Phelps with a Fu Manchu.

    Michael Phelps showed up in Beijing with a Fu Manchu. It had our group here buzzing about whether the most high profile Olympic swimmer was really going to keep it throughout the games.

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    Ever since Waldi entered our world at the 1972 Olympic Games, mascots have been an essential part of this event. So without further to do, here are my top five Olympic mascots. Unfortunately, the five "fuwa" from this year's games didn't make the cut.

  • In the spirit of the Beijing Olympics set to begin on Friday, we thought it would be fun to apply a CNBC twist to the summer games.  Which World Market Index is poised to win the gold?

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    I've arrived in Beijing. It's hot and muggy. And despite all the reports that I wouldn't be able to see my feet in front of me, I have to say, the heat more than anything seems to be the issue for me.

  • Beijing’s ‘Green’ Olympics are going to be one of the most smog-ridden Games ever but this offers tremendous opportunities for clean technology suppliers, where American firms excel.

  • Buildings seen through thick pollution in Beijing, China.

    Beijing has vowed the Olympic Games will take place under blue skies, not the murky "sauna" haze that has shrouded the city recently, but even on apparently clear days pollution levels may not be safe for athletes.

  • Nike

    In one of the most unprecedented moves in sports business history, Nike has agreed to allow its Olympic swimmers to wear the Speedo LZR Racer suit for Olympic competition.

  • Which beverage maker will win the gold in 2008? Coca-Cola Chairman Neville Isdell told CNBC that sponsoring the Beijing Olympic games gives Coke the world's biggest marketing stage.

  • I hope this will become your ultimate destination to catch up with the business of the Games--from the most marketable athletes who will now cash in to the athletes who might lose their chance of a payday due to fractionally missing out on that gold medal. We kick off the Olympic theme today with one of my favorite stories: Dan and Dave.

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    Beijing is ready to expand an already drastic pollution-cutting scheme by taking more cars off the roads and shutting more factories if air quality remains a problem during the Olympic Games, state media said on Monday.

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    Protests against China's policies at home and abroad, as well as marketing techniques used by companies that are not official Olympic sponsors, have made the Beijing games a risky proposition for some sponsors.

  • Passengers crowd a subway platform in Beijing Tuesday, Nov. 9, 2004. Beijing authorities are to attempt to slow down the city's population growth in an effort to make it easier to live in. The new city plan is for the population to be kept to 18 million by 2020, from its current 14 million. The city in 1993 had set a target of 14 million by 2040, but that figure was reached in 2003, according to the China Daily newspaper. (AP Photo)

    One of Beijing's most important subway lines seized up on Monday when the mass of passengers forced workers to close off entrances for safety on the first working day of pre-Olympic traffic restrictions.

  • Chinese soldiers remove blue green algae from a beach in Qingdao, eastern China, Wednesday, July 2, 2008. A little over a month before the start of the 2008 Olympic Games the venue for the sailing events in Qingdao has been invaded by a forest of blue green algae. City officials say they'll need at least two weeks to clear coastal waters, mobilizing 10,000 workers aboard 1,000 boats. (AP Photo/Ng Han Guan)

    A massive algae bloom that threatened the Olympic Games sailing venue at the Chinese coastal resort of Qingdao has now almost been cleared, state media reported on Wednesday.

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    Zhou Zhilian is one of thousands of entrepreneurs for whom the Olympic Games next month represent more a missed opportunity than a chance to cash in on the influx of visitors expected to pour into Beijing.

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    One of China's biggest steelmakers, Shougang, has announced it will slash production at its Beijing plant, bowing to pressure to help clean the city's grimy skies for the Olympic Games.

  • Rulon's Reuben is named after Olympic wrestler Rulon Gardner.

    There are lots of ways to raise money for an Olympic team. One is through a boring direct mail campaign, which I got in the mail. Another is to raise money creatively -- like having the proceeds of a sandwich go to a team.

  • Buildings seen through thick pollution in Beijing, China.

    Visitors to this summer’s Beijing Olympics will get an immediate lesson in the environmental cost of China's break-neck economic development: the world's worst air pollution.