Bid for Kings
The NBA has received an official offer from 24 Hour Fitness founder Mark Mastrov and billionaire Ron Burkle to buy the Sacramento Kings and keep the team from moving to Seattle.
Fraud queen
A former Chicago lawyer, Donna Guerin, who participated in what authorities have called the largest tax fraud in history, has been sentenced in New York to eight years in prison.
Autos roll on
US auto sales in February were on track to show a fourth straight month of strong sales with new vehicle purchases on pace to come in around 15.3 million for the year, according to Morgan Stanley analyst Adam Jonas.
Pay up boys!
Ernst & Young will pay $123 million to settle a tax-fraud probe as part of a non-prosecution agreement, according to the Manhattan US Attorney’s Office.
Still spending
The Commerce Department said consumer spending increased 0.2 percent in January as Americans spent more on utilities after a cold snap during the month.