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Volcker Tells Baseball Owners He Foresees Extended Economic Slump in U.S. Former Federal Reserve Chairman Paul Volcker, an economic adviser to President-elect Barack Obama, told Major League Baseball owners that it will take longer than many people expect to repair the U.S. economy.

George's Son Hal Steinbrenner Is Approved as Controlling Owner of Yankees George Steinbrenner has formally ceded control of the New York Yankees to his youngest son Hal in a move that won the unanimous approval of Major League Baseball owners.

Pittsburgh Holds Division Lead After 27-10 Win Against Cincinnati Bengals Pittsburgh quarterback Ben Roethlisberger threw a three-yard touchdown pass and rushed for a second to gain his 47th regular season win and lead the Steelers to a 27-10 victory over the Cincinnati Bengals.

Yankees' Pitcher Mike Mussina Retires Following 18 Major League Seasons New York Yankees pitcher Mike Mussina retired after 18 Major League Baseball seasons and 270 career wins that may land him in the Hall of Fame.

Selig Says MLB Will Outlaw Rain-Shortened Games in Postseason, AP Reports Major League Baseball will enact rules to prevent postseason games from being shortened by bad weather, the Associated Press said, citing Commissioner Bud Selig.

Pro Football Hall of Fame Will Freeze Ticket Prices; Sales Fall 15 Percent The Pro Football Hall of Fame will freeze ticket prices next year for the first time in half a decade to boost attendance as fans struggle with a sluggish economy. Sales at its retail store are down 15 percent per person.

Rutgers Lacked Oversight in Effort to Build Football Program, Panel Finds Rutgers University failed to provide proper oversight of the New Jersey school's athletic department as it tried to build its football program over the past five years, according to an independent panel.

Nascar's Matt Kenseth Signs Multiyear Contract Extension With Roush Fenway Matt Kenseth, the 2003 Nascar champion who finished 11th in the racing league's top Sprint Cup Series standings this season, signed a contract extension with Roush Fenway Racing.

Cyclist LeMond Resumes Fight With Billionaires' Bankrupt Yellowstone Club Cyclist Greg LeMond, the Yellowstone Club member who first raised questions about the bankrupt enclave for billionaires in a 2006 lawsuit, returned to a Montana court over $13.5 million he's owed.



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