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MundoFox, the newest of Fox Hispanic Media’s quartet of Spanish-language networks targeting the U.S. market, unveiled its launch programming today at the Ziegfeld Theatre in Manhattan. FHM’s sports network FOX Deportes, women’s lifestyle oriented Util

Filed under: Motorsports, Earnings/Financials, UK, MISC Lola may not be a name recognized by the average consumer, but racing fans will know it well. The British concern has built and continues to build race cars that have spanned an enormous variety of series and disciplines since its founding in 1958, including (but not limited to) Formula One, Le Mans, CART and just about every formula feeder series you could think of, including Formula Two, Formula 3, Formula 3000, Formula 5000 and A1GP. Now, unfortunately, the company is filing for bankruptcy protection. The reasons are pretty simple: too many expenses and not enough revenue, although tax credits it was due from the British government are also said to be partially to blame. As a result, the outfit responsible for - among numerous other accolades - five LMP2 titles at Le Mans since 2000 alone is entering financial administration as it seeks new investors. Along with it, Lola Cars is taking Lola Composites, however the effect this might have on its concerns in defense and aerospace (among other areas) remains to be seen. As is the future of the SP/300.R track car which Lola builds for Caterham, or the countless racing teams that continue to count on Lola to build and support their sports prototypes. But with so many racing programs at stake, we can hardly imagine the company's considerable capabilities and expertise will go unclaimed for long. Scroll down for the official announcement.Continue reading Lola files for bankruptcyLola files for bankruptcy originally appeared on Autoblog on Wed, 16 May 2012 18:02:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments

Congratulations, you're officially rich. But before you splurge on a winter getaway in Aspen or some sporty wheels, take a breath. CNET's Sumi Das speaks to a financial expert who says the best thing to do is follow three simple steps.

'I think that you should be able to do whatever you want to do,' T.I. tells 'RapFix Live' about his stance on same-sex marriage. By Rob Markman, with reporting by Sway Calloway T.I. on "RapFix Live" Photo: Natasha Chandel/ MTV News President Obama is no stranger to hip-hop's support. Not only have MCs dedicated songs to the 44th U.S. Prez, but guys like Jay-Z, Diddy and Ludacris have openly backed Barack. While many criticized Obama for his support of same-sex marriage, Hov backs him, and so does T.I. "Just to speak honestly and being frank, I don't care," the "Live Your Life" MC said about the non-stop debate on same-sex marriage when he appeared on Wednesday's "RapFix Live." "I think that if a matter doesn't affect your daily life, you shouldn't take a hard stand on it. If it's not something that directly affects you, if it doesn't affect you, what difference does it make to you what other people are doing with their lives?" Tip, who is currently serving probation stemming from his 2007 weapons arrest, is unable to vote, but once his probation is lifted in September he revealed that he plans to vote for Obama, who will be looking to secure a second term as head of state. "I don't think that's a hard question," he said. During an interview with CNN on Monday, Jay applauded the president for speaking out in support of the gay-rights movement. "I've always thought it as something that was still holding the country back," Jay-Z said. "What people do in their own homes is their business, and you can choose to love whoever you love. That's their business. It's no different than discriminating against blacks. It's discrimination, plain and simple." "I think that you should be able to do whatever you want to do," T.I. remarked. "I don't see how it matters one way or another." Related Videos T.I. Brings The Grand Hustle To 'RapFix Live' Related Artists T.I.