Beer Distributor, O'Malley Buying Padres for $800M

Aug. 7 (Bloomberg) -- Bloomberg's Dominic Chu reports that San Diego Padres owner John Moores has signed an agreement to sell the team to a group headed by California beer distributor owner Ron Fowler that includes the family of former Los Angeles Dodgers owner Peter O’Malley and golfer Phil Mickelson. The purchase price of $800 million would include a 21 percent stake in the regional sports network Fox Sports San Diego. He speaks on Bloomberg Television's "In The Loop."

Deutsche Bank Faces Deeper Cuts on Profit Surprise
30:41 - Deutsche Bank reported second-quarter profit that suffered from slumping trading revenue and costs related to job cuts. Bloomberg's Eliza Martinuzzi examines the results and what they could mean for other European banks on "Bloomberg ‹GO›." (Source: Bloomberg)
  • The Story Behind Southern Co.'s Numbers
  • Goldman's Currie: Base Case for Gold Is $1,300
  • How Do Investors Navigate Japanese Stimulus?