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Hockey's bottom line is so bad that last month's league-sponsored report by former SEC chairman Arthur Levitt found that the NHL's 30 teams lost $273 million last season. "The results were as close to catastrophic as I've seen in a business of this size," Levitt said. Last season the average regular-season game scored lower ratings on ABC than bowling, billiards and poker. The NHL's contract with ESPN and ABC ends this season and won't be renewed in its current form, which yields only $4 million a year per team--compared with...
With acceleration from 0 to 60 m.p.h. in under 5 sec. and a top speed of nearly 150 m.p.h., the two-seat, 190-h.p. Lotus Elise roadster is sleek, sexy ... and affordable? When the newest model from the British sports-car maker arrives in U.S. showrooms in late May, the base sticker price will be $39,985. That's less than half the price of the Lotus currently being sold, the Esprit. With the shift to thrift, Lotus hopes to attract a broader customer base, including women, by competing against sports machines like the Audi TT, Honda S2000 and Porsche...
...possible for multiple sites to co-exist,” Greenspan said. “The SEC supports entrepreneurship, and we applaud Mark’s efforts...
Greenspan said that more than 50 people signed up for FaceNet, which is run by the Student Entrepreneurship Council (SEC), the night it was launched...
Despite the similarities between FaceNet and thefacebook.com—both allow users to create personal profiles and develop a network of online friends—Greenspan, who served as the president of the SEC, said both sites can thrive at Harvard...