Los Angeles Lakers

    By Jonathan Berr

    | 4:00PM 1/28/2011
    Charmed actress Alyssa Milano can often be found in the stands, cheering on Los Angeles's Dodgers, Lakers and Kings. And in a down economy, she's racked up some key wins for Touch, her line of women's sports apparel. She recently discussed the business with DailyFinance.

    By Danny King

    | 8:00PM 10/21/2010
    Earvin "Magic" Johnson, the former basketball star, has made his second big divestment in less than a week. After selling his 5% stake in his former team, the Los Angeles Lakers, Johnson has also sold his 50% stake in 100 urban Starbucks stores.

    By Maccabee Montandon

    | 7:00AM 6/30/2010
    In addition to the potential to make any team a contender, the fervent courting of basketball superstar LeBron James also has a less emotional, more pragmatic reason: He's sure to bring his new home city plenty of cold, hard cash.