David Beckham, who starred for Manchester United, Real Madrid and England's national team before heading to the United States and Paris, is retiring. The news was confirmed Thursday by England's Football Association.
The midfielder played his first game for Manchester United in 1992 and eventually rose to become captain of England's international team for more than 50 games, including several World Cup tournaments. He appeared in 115 matches for the squad.
Billionaire investment legend Warren Buffett's Berkshire Hathaway Inc. has had its credit rating lowered from AA+ to AA by Standard & Poor's Ratings Services.
In a statement, S&P says that even though Berkshire Hathaway has an "excellent business profile," the lower credit rating "better reflects our view of BRK's dependence on its core insurance operations for most of its dividend income." (S&P's statement is posted on its website, but you have to register to view it.)
Rutgers University officials are welcoming the arrival of new athletic director Julie Hermann as the beginning of a new era, as the school seeks to rebound from the turmoil that recently engulfed its athletics department.