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A major sponsor for Tiger Woods announced Sunday that it is dropping the golf star in light of recent controversy swirling around his personal life.

Accenture, a management consulting firm, said on its Web site that "given the circumstances of the last two weeks … the company has determined that he is no longer the right representative for its advertising."

The move ends a sponsorship arrangement that lasted six years.

Another major sponsor, Gillette, said Saturday it was "limiting" Woods’ role in its marketing programs to give him the privacy to work on family relationships.

Woods announced on his own Web site Friday that he is taking an "indefinite break" from professional golf.

The 33-year-old golfer, who tops the sport’s world rankings, has been mired in controversy since he crashed his car outside his Florida mansion late last month. In the week following the crash, Woods apologized for "transgressions" that let his family down, and US Weekly magazine published a report alleging that Woods had an affair with a 24-year-old cocktail waitress named Jaimee Grubbs.

Click to read.

According to the New York Post, this is how much Tiger stands to lose if he takes the year off:

$180 MILLION IN PERSONAL EARNINGS, INCLUDING:

$110 million in advertising income, if sponsors rebel and dump contracts

$23 million in tournament prize money (roughly the amount he won in his last full season on the PGA Tour and abroad)

$30 million in fees for three golf courses he’s designing, if deals fall through

$17 million in appearance fees (equal to his best year for showing up to play minor events)

$591 MILLION IN INDUSTRY LOSSES, INCLUDING:

$455 million in losses to his Nike-endorsed golf brand, based on estimated 35 percent sales decline

$40 million in lost PGA Tour ticket sales, based on a predicted 25 percent loss at 20 Woods-attended tourneys

$96 million if the Woods-brand EA Sports golf video game goes down the tubes

Read more: http://www.nypost.com/p/news/national/tiger_to_suffer_ashEvFQnFsG4EKGuaCCDML#ixzz0ZaM5sD5W

Watch this video, which describes the financial trauma for UCLA students as the result of a recent tuition hike.

In the strongest employment report since the recession began nearly two years ago, the government said Friday that the nation’s employers had all but stopped shedding jobs in November, taking some of the pressure off of President Obama to come up with a jobs creation program.

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Michael Reynolds/European Pressphoto Agency

Demonstrators outside the White House on Thursday as President Obama met with business leaders and economists to seek ideas for creating jobs.

The Labor Department reported that the United States economy lost 11,000 jobs in November, and the unemployment rate fell to 10 percent, down from 10.2 percent in October.

The government also significantly revised its September and October job loss estimates. September’s data was adjusted to show a loss of 139,000 jobs instead of 219,000, and in October 111,000 jobs were lost, instead of 190,000. Even allowing for the November loss, the revisions added 148,000 people to the list of those employed in the United States in November.

Though the pace of job loss has been declining since a peak in January, the November number was surprising. Economists had been expecting a turning point to come in the late spring or summer, with employers finally adding workers as a recovery takes hold. The last time the number was so bright was in December 2007, when the economy added 120,000 jobs.

“It is clearly a much better picture, and appears to be mostly genuine,” said Nigel Gault, chief domestic economist at IHS Global Insight, who said he was encouraged by gains in the average workweek and the number of temporary workers hired. “It shows employers have come back so much and are starting to rehire.”

Click to read.