NHL's Lawyer: Lockouts Are 'Necessary' Weapons

Feb. 12 (Bloomberg) -- Robert Batterman, senior member of the Sports Law Group at Proskauer Rose LLP, talks with Bloomberg Law's Spencer Mazyck about his representation of the National Hockey League during recent negotiations with its players' union to form a 10-year collective bargaining agreement, the longest in NHL history. The league and the National Hockey League Players' Association approved the contract's framework in January to begin a lockout-shortened season. Batterman, who similarly serves as labor counsel for the National Football League and Major League Soccer, also discusses in this "Rainmakers" episode the "economically justifiable" reasons for lockouts this round in the NHL, NFL and NBA.

Quarterly Loss Adds Woeful Drag on Royal Bank of Scotland
51:02 - Royal Bank of Scotland Group Plc, Britain’s biggest government-owned lender, swung to a loss in the third quarter as the bank took 894 million pounds ($1.09 billion) in charges for restructuring and litigation. The net loss of 469 million pounds compared with a profit of 940 million pounds a year earlier, the Edinburgh-based lender said in a statement on Friday. Pretax profit, excluding one-time costs, rose to 1.33 billion pounds, beating the 776 million-pound average estimate of seven analysts compiled by Bloomberg News. Brewin Dolphin Head of Fund Research Ben Gutteridge and Bloomberg's Stephen Morris discuss with Nejra Cehic and Manus Cranny on "Bloomberg Daybreak: Europe."
  • UBS Made `Good Progress' On Costs, Says CEO Ermotti
  • Trump's View of U.S. Economy Is Flawed, Says Posen
  • Posen: Nothing Good Can Come From Brexit