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May 30, 2014

PODCAST: A $2 billion bank shot for the Clippers

A look at the markets, Clippers big sale and the EPA's new carbon rules.

Mid-day Updateby Stacey Vanek Smith
Los Angeles Clippers hold up signs referencing the Donald Sterling situation before the game with the Golden State Warriors in Game Five of the Western Conference Quarterfinals during the 2014 NBA Playoffs at Staples Center on April 29, 2014 in Los Angeles, California.
Los Angeles Clippers hold up signs referencing the Donald Sterling situation before the game with the Golden State Warriors in Game Five of the Western Conference Quarterfinals during the 2014 NBA Playoffs at Staples Center on April 29, 2014 in Los Angeles, California.
Stephen Dunn/Getty Images

Former Microsoft chief executive Steve Ballmer has reportedly won the bidding yesterday for the Los Angeles Clippers NBA franchise, with a $2 billion offer. Getting one of the world’s richest people to replace Donald Sterling is a big win for the NBA.

On Monday, the EPA will set greenhouse-gas reduction goals for every state. And some states may be playing catch up.

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