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December 18, 2011
Unexpected sequel of the day: Rudy Ruettiger, the Notre Dame football walk-on and inspiration for the Sean Astin movie “Rudy,” just had to settle with the Securities and Exchange Commission — getting fined $382,000 for turning his Gatorade challenger “Rudy” into a penny stock pump-and-dump scheme that drew $11 million in illicit profits, hundreds of thousands of which went to the feel-good icon. In the end, the hardworking runt sold more stocks than he did beverages. “Investors were lured into the scheme by Mr. Ruettiger’s well-known, feel-good story but found themselves in a situation that did not have a happy ending,” said the sound-bite-ready Scott W. Friestad of the SEC’s enforcement division. That feel-good story doesn’t feel so good anymore now, does it?
12:21 // 2 years ago
June 1, 2011
Sports drinks probably aren’t the best choice for kids, because they could lead to obesity, according to a new study. Researchers suggest that children drink water for hydration instead, because there aren’t the extra calories you might find in sports drinks like Gatorade or Powerade. The study also looked at kids that were drinking energy drinks after exercise, coming to the somewhat obvious finding that they’re bad for kids because of the extra stimulants in them — including caffeine. A spokesperson for the American Beverage Association, an industry group, notes that the drinks “are not intended for young consumers.” source
13:34 // 2 years ago