April 24, 2012 |
WASHINGTON -- The government's new consumer watchdog is launching an inquiry into the use of arbitration clauses in financial contracts, which keep disputes over credit cards and other products out of the court system. Consumer advocates long have complained that so-called "pre-dispute arbitration clauses" gave too much of an advantage to financial firms over average Americans, who often don't realize they've signed away their right to sue. But companies said third-party arbitration is fair and saves money because it's faster and less-expensive than going to court.
CALIFORNIA | LOCAL
March 4, 2012 |
As Los Angeles came of age in the 20th century, a stately Windsor Square mansion served as a command post for the city's most powerful couple. The longtime home of publisher Norman Chandler, "Los Tiempos" (The Times) was where his wife, Dorothy Buffum Chandler, raised funds to build a nationally recognized music center and where she urged son Otis Chandler to transform the Los Angeles Times into an award-winning newspaper. Today, the city-designated historic-cultural monument is the focus of an unseemly dispute involving two house hunters who claim they were swindled into buying the compound for more than $8 million, only to find that it was "rotten to the core," according to arbitration documents.
February 24, 2012 |
Prince Fielder of the Detroit Tigers said he's relieved that his former teammate Ryan Braun won his appeal of a positive test for a performance-enhancing drug, clearing his 50-game suspension. "Obviously, it's good. You didn't want him to miss those games," Fielder told reporters Friday. "I'm happy he's able to clear his name. " Braun, who plays for the Milwaukee Brewers, was cleared Thursday. He reportedly tested positive for synthetic testosterone during last year's playoffs, then took his appeal to an arbitration panel in January, where it was sustained by a 2-1 vote.
February 23, 2012 |
Ryan Braun, the reigning National League MVP, won his appeal of a positive test for a performance-enhancing drug and had his 50-game suspension overturned by an arbitrator. MLB and the players' union announced the decision Thursday. Rob Manfred, MLB's vice president for labor relations, was incensed at the ruling, saying in a statement: "Major League Baseball considers the obligations of the Joint Drug Prevention and Treatment Program essential to the integrity of our game, our clubs and all of the players who take the field.
February 13, 2012 |
Members of Conference USA and current and future members of the Mountain West are taking a bigger-is-better approach to college sports leagues. The 16 schools announced plans Monday to form a new league that will begin in 2013 and have as many as 24 teams in five time zones. The new conference probably will have 18 to 24 schools, split into divisions, and not only have a football championship game but also semifinals. It also will hold a conference basketball tournament, the statement said.
February 9, 2012 |
Former Boston Red Sox pitcher Dennis "Oil Can" Boyd said he probably pitched under the influence of cocaine "at every ballpark" during his 10-year career. "There wasn't one ballpark that I probably didn't stay up all night, until 4 or 5 in the morning, and the same thing is in your system," Boyd said in an interview with Jon Miller of WBZ radio in Boston. "It ain't like you had time to go and do it while you were in the game, which I have [done] that. " Boyd was 78-77 with a 4.04 earned-run average in his career.
February 7, 2012 |
Clayton Kershaw became a newly minted millionaire and avoided a potentially contentious salary arbitration hearing by signing a two-year, $19-million contract with the Dodgers on Tuesday. "I think everybody feels good about it," Kershaw said. Kershaw, who was paid $500,000 in his Cy Young Award season last year, will receive $7.5 million next season in addition to a $500,000 signing bonus. He will draw an $11-million salary in 2013. The Dodgers gained a measure of security, too, knowing what they owe their ace in two of the three seasons before he becomes eligible for free agency.
February 6, 2012 |
Alberto Contador, for a brief time Lance Armstrong's cycling teammate, had his 2010 Tour de France title taken away and a two-year ban for doping enforced Monday by the Court of Arbitration for Sport. CAS' ruling upheld decisions by the International Cycling Union and the World Anti-Doping Agency, which had fought to uphold penalties against Contador after a Spanish cycling tribunal exonerated him last year. The 29-year-old Spaniard failed a doping test that had been conducted during the last rest day of the 2010 Tour de France.
January 24, 2012 |
Prince Fielder was fool's gold, and Dodgers fans shouldn't waste one moment of regret that the big lug will spend the next nine years clogging the payroll, the basepaths and eventually the training room for the Detroit Tigers. The Dodgers' biggest concern right now is not a Prince, but a king. What are they going to do with Clayton Kershaw? The easy answer is, nothing. For the next three years, they don't have to do anything with the 2011 Cy Young Award winner other than hand him a contract and watch him sign it. Baseball rules prevent Kershaw from being a free agent until after the 2014 season.
January 20, 2012 |
Yu Darvish leaned over and looked at his name and the No. 11 on the back of his Texas Rangers jersey. Then he looked up and smiled. "Excited, that's all I feel right now," Darvish said through a translator. "Just excited going forward. " Japan's best pitcher is now officially a member of the two-time defending American League champions, with his formal introduction Friday night in Arlington, Texas, coming two days after the right-hander agreed to a six-year contract that guarantees him $56 million.