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NCAA to Investigate Penn State
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Description
FBN’s Robert Gray on the NCAA’s plans to investigate Penn State’s athletic department.
- Duration 0:51
- Date Nov 18, 2011
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Transcript
This transcript is automatically generated
Robert -- your Fox Business -- the report that Clearwire may skip the December 1 multimillion dollar debt payment sending its stock tumbling.
-- according to the Wall Street Journal the CEO of the high speed wireless company says it's looking at other strategic options.
Cash strapped Clearwire is looking for nearly a billion dollars in funding but may still end up filing for bankruptcy protection.
A majority of -- -- by Sprint Nextel was also the company's biggest customer.
And Penn state university received a letter for the NCAA saying it plans to investigate the school's athletic programs.
The probe follows allegations of sexual abuse by former assistant football Coach Jerry sandusky and perjury charges against former athletic director Tim -- and former vice president.
Gary Schultz.
Now a quick check of the markets in his last half an hour of trading today he got the Dow moving higher by 47 points -- -- the up slightly the NASDAQ moved.
