Tim Duncan Sues Financial AdvisorTim Duncan Sues Financial Advisor
February 2, 2015
Future Hall of Famer and five-time NBA champion Tim Duncan made headlines off the court last week after a San Antonio TV station reported that he filed a lawsuit against his financial advisor, Charles Banks. The San Antonio Spurs forward is seeking more than $1 million in damages in the suit, alleging that Banks misused his $7.5 million investment in Gameday Entertainment LLC.
Flight Risk
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According to economists at the U.S. Travel Association, each time a domestic flight is cancelled, it costs the economy $31,600, with delayed flights costing an average of $3,300 per hour in passenger-related economic activity. Given those figures, a recent Forbes report noted that last week's winter storm in the Northeast set back the economy an estimated $230 million.
Drug Problem?
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With healthcare costs soaring, the rising price of prescription drugs was more than visible in statistics from 2014. According to Truveris, a prescription drug pricing and benefits analytics firm, Americans paid 10.9 percent more for brand-name and generic medications in 2014 than they did in 2013. The report from Yahoo! Finance also offers tips to save at the pharmacy.
Bet on These
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Morgan Stanley's private, ultra-exclusive "Breakers" conference was held on Friday in Palm Beach, Fla., and six hedge fund managers offered their best investment bets at the event. According to a CNBC source, managers who shared their ideas included Aaron Cowen, Daniel Lewis, Kurt Billick, Glen Kacher, Anthony Bozza and John Pinkel.
