Mike Vick Gets Suspended from Football

It is reported that the NFL indefinitely suspended Michael Vick without pay. The suspension is going to cost him $150 million dollars. He still has to pay fines and legal fees. He will lose $71 million dollars in salary over the next several years if the Falcons terminate his contract. He will lose $50 million dollars in future endorsement income. He could lose more if the Falcons sue him for the bonuses he was already paid under his contract. The Falcons will also want some of their signing bonus money back.

50 Cent Was Bankrupt before the Vitamin Water Deal

It is reported that hip hop artist 50 Cent had serious financial problems earlier this year. He was spending millions of dollars on his Connecticut mansion, on members of his entourage, and personal security. 50 Cent was broke with a lot of assets and very little cash. His accountants even suggested that he sell some of his assets.

He put up his Connecticut mansion for sale and sold some of his luxury cars. He was even thinking of selling his interest in G-Unit Records. Luckily he didn’t have to sell anything because Coca Cola announced a $4.1B cash offer for Vitamin Water, which is an "enhanced water" company which 50 Cent owned a minority stake. He gained about $40 million dollars from the deal.

Since then, 50 Cent has taken his mansion and almost all of his luxury cars off the market. Only his silver Lamborghini is still up for sale.

Mattel Recalls More Than 9 Million Toys

It is reported that Mattel, a toy making company, has issued recalls for millions of Chinese-made toys that contain magnets that could be swallowed by children and lead paint. The recall includes 7.3 million play sets, including Polly Pockets and Batman action figures, and 1.5 million die cast cars that contain lead paint.

The Polly Pocket and Batman recalls were announced on the Mattel website and the recall of the lead-painted cars were announced at a Conference by the Consumer Product Safety Commission in Washington.