- Obama downplays IRS scandal, blames Obamacare rollout on ‘outdated’ agencies
- Pregnancies decline overall, up among older women
- Pentagon plans to destroy Syrian chemical arms on ship at sea
- Paris Metro issues ‘politeness manual’ to improve passengers’ behavior
- Justin Bieber, crew detained at Australian airport in drug search
- Lee Rigby trial: Muslim who machete-hacked soldier calls it ‘humane’ kill
- GM ending Chevy sales in Europe to focus on Opel and Vauxhall
- Putin’s diplomats to U.S. busted for living high life off $1.5M bilked from Medicaid
- Happy Meal: Couple goes to McDonald’s, leaves with bag packed with cash
- Boehner: It took me 3 to 4 hours to sign up for Obamacare
FIFA announces $36M profit in 2011
ZURICH (AP) - FIFA says it made a profit of $36 million in 2011 and increased its reserves to $1.3 billion.
FIFA accounts showed it had $1.07 billion revenue and spent $1.03 billion last year.
It banked an additional $13 million in its reserve fund.
The figures cover the first year in a four-year cycle of commercial deals tied to the 2014 World Cup in Brazil.
FIFA said the tournament earned $910 million in 2011, and $550 million was banked from broadcasting deals.
Nearly all broadcasters and sponsors are signed to two-tournament packages that began with the 2010 tournament in South Africa.
FIFA pays no income tax because of its status in Swiss law, and exemptions granted by tournament host nations.
- 'Hunger Games' delivers Obama's message on income inequality: liberal group
- NAPOLITANO: Pope Francis should be saving souls, not pocketbooks
- CARSON: Getting to the top by starting at the bottom
- Inside China: Nuclear submarines capable of widespread attack on U.S.
- Obama returns to class warfare as poll numbers plunge
- Hack attack: 2 million Facebook, Twitter passwords stolen
- Democratic infighting erupts over 'we can have it all' fantasy on entitlements
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- U.S. drops 2,000 mice on Guam by parachute to kill snakes
- CURL: 'Mission Accomplished' for Obamacare
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