North America

John McMullen, the owner of the New Jersey Devils, is considering an offer by the holding company that owns the New Jersey Nets and New York Yankees to purchase the NHL team, according to a report by FoxSports Net.

Washington Redskins officials have rejected proposals to build a roof over Fedex Field on cost grounds, according to the Washington Post. "It was one of the things that was looked at while looking at ways to improve things at the stadium [but] it's not going to happen," spokesman Karl Swanson said. Snyder was considering making a bid to host the Super Bowl in 2012 in conjunction with the Baltimore-Washington region's bid to host the summer Olympic Games that year, according to people familiar with the deliberations.

Bill Bowerman, the former University of Oregon track coach and Nike Inc. co-founder, who made the first modern running shoe by pressing rubber in his wife's waffle iron, has died. He was 88. Bowerman, who coached at Oregon from 1949 to 1972 and remained on Nike's board of directors until last year, died in his sleep on Friday night at his home in Fossil, Oregon, said Nike spokesman Scott Reames. The fiercely competitive Bowerman was experimenting with ways to make a lighter, more flexible running shoe for his athletes when he invented the first lightweight sole in his garage using latex, leather, glue and his wife's waffle iron. In 1964, he teamed up with one of his former athletes, Phil Knight, to chip in $500 each and manufacture 330 pairs of the "Waffle-sole" shoes.

A soccer team from San Diego, Calif., says it plans to go public - the first professional U.S. soccer club to make such a move.

The co-founder of Broadcast.com has struck a deal to buy the Dallas Mavericks, according to a report in USA Today.

Darby Sanchez has been appointed vice-president of sales for the Latin American and Florida regions at GlobeCast America.

Citizens Capital Corp, a holding company which acquires and/or develops operating entities, has announced that its SCOR Brands Inc. subsidiary has signed a three-year sponsorship and marketing agreement to become the official basketball shoe and apparel company of the United States Basketball League.

Hicks, Muse, Tate & Furst Inc has formed a strategic alliance with Spain's Telefonica S.A. in a deal worth about $4billion which should allow Hicks, Muse to further expand its cable television assets in Latin America.

San Diego and the city's professional baseball team have filed separate lawsuits to try to quash a proposed ballot initiative that seeks a second vote on a $1 billion ballpark and redevelopment project.

IOC executive board meetings scheduled for the United States next month are to be switched to Sydney.

Championship Auto Racing Teams has entered into a three-year agreement with fuel supplier elf Race Fuels and its exclusive agent in the U.S. and Mexico, Competition Fuels, Inc. to become the Official Fuel Supplier for the FedEx Championship Series.

Randy Levine has been named president of the New York Yankees and will be in charge of business operations and preside over player contract negotiations.

The San Diego Soccer Development Corporation, one of the portfolio companies of Peacock Financial Corporation, has begun trading on the OTC (over-the-counter) exchange under the anticipated ticker symbol SDSD.

The NFL?s New York Jets have been sold in a deal worth an estimated $635million.

March Indy International has signed a two-year agreement with GMR Marketing, by which GMR will represent March in the promotion of its racing programs.

Mike Tyson faces a ban from entering Britain ? which could throw his planned bout with Julius Francis next week into chaos.