PHELPS NOT IN HOT WATER — YET

MILWAUKEE – Michael Phelps doesn't seem to be in much hot water with his sponsors despite being photographed inhaling from a marijuana pipe. From apparel company Speedo to luxury Swiss watchmaker Omega, several sponsors are standing by the 23-year-old swimming phenom — at least for now — and have accepted his public apology. Other big companies, like Visa Inc., Subway and Kellogg Co., aren't talking yet.