2012 Olympics | featured news

Li Guilian has built Dayang Trands into a $300-million company that tailors clothing for some of the world's most famous brands and powerful people... Dayang is also the manufacturer behind those snappy blue blazers and white slacks designed by Ralph Lauren for this year's U.S. Olympic team... The dust-up comes at a time when American unemployment remains stubbornly high, fueling tension over China's massive trade imbalance with the U.S.

Mitt Romney’s carefully choreographed trip to London caused a stir when he called the British Olympic preparations “disconcerting” and questioned whether Londoners would turn out to support the games.

Greece's world indoor high jump champion Dimitrios Chondrokoukis has pulled out of the London Olympics after testing positive for a banned substance, the athlete's father said on Thursday.

The Olympics give fourth-place NBC a shot to heavily promote its new and returning shows (and its NBC Sports Network) to a massive audience. No one likes losing money. But to NBC, the $100 million of red ink it may spill on the Summer Olympics is more like an investment — and a lesson in TV Economics 101.

Britain's government opted Tuesday to deploy 1,200 more troops to protect Olympic venues -- a move that reflects a lack of confidence that private security contractor G4S can deliver all it promised for the games.

Defending Olympic champion Rafael Nadal pulled out of the London Games with an undisclosed fitness problem Thursday, ending his chances of winning a second straight gold medal. "I am not in condition to compete in the London Olympics and therefore will not travel as planned with the Spanish delegation to take part in the games," the third-ranked Spaniard said in a statement.

Questions surround one of Team USA’s strongest locks for an Olympic gold medal in London after one of the runners expected to participate in the women’s 4x400m pool withdrew from the Games after failing a doping test.

Kevin Durant had 24 points and 10 rebounds to lead the U.S. Olympic basketball team to a 113-59 victory over the Dominican Republic on Thursday night in an exhibition game.

At the 1988 Olympics in Seoul, Ben Johnson dominated what had been billed as the greatest footrace in history, easily beating American Carl Lewis to win the gold medal. Johnson’s record time of 9.79 seconds vaulted him to hero status in Canada and turned him into an instant international icon.

Michael Phelps is dropping out of the 200-meter freestyle at this month's London Olympics, leaving him with seven events for his Games swansong.