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Tim Duncan Sues Financial Advisor

Tim Duncan Sues Financial Advisor

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

Evgeny Sergeev/iStock Editorial/Thinkstock

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?


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


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.

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