NBA Joins NFL in Player Lockout as Labor Talks Fail

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July 1 (Bloomberg) -- The National Basketball Association locked out players when their labor contract expired, shutting down the league after a season of record television ratings and near-capacity attendance. With the National Football League locking out players in March, it’s the second time two major U.S. sports have endured work stoppages simultaneously. Michele Steele reports on Bloomberg Television's "InsideTrack." (Source: Bloomberg)

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