Social media is now a $16.9 billion business, according to 2012 estimates by Gartner.
Chick-fil-A faces its latest public relations disaster on Wednesday, when Internet users alleged the fast food company was creating fake Facebook users to defend the company's anti-gay marriage stance.
The hits kept coming for Penn State on Tuesday when State Farm, an official sponsor of the football program, announced it would no longer sponsor the team.
The New York Yankees' trade for 10-time All-Star Ichiro Suzuki should help baseball's most popular team both on and off the field.
Under Armour (NYSE: UA) shares jumped more than 12 percent on Tuesday trading after reporting better than expected second quarter earnings.
Gimme, Maybe? How 'Sesame Street' Mastered Social Media, A Model For Brand Survival In The 21st Century
Sesame Street, created in 1969, could have declined to embrace social media with the rise of the Internet. But successors of the program's founders have mastered social media to capture a new generation of fans and hold on to existing devotees.
Georgia Gulf Corp. (NYSE: GGC) shares soared after announcing a deal Thursday to acquire reached a deal to acquire PPG Industries Inc.'s (NYSE: PPG) commodity chemicals unit for $1.9 billion in cash and shares.
Walgreen Co. (NYSE: WAG) announced a multi-year pharmacy network agreement with Express Scripts on Thursday morning after a seven-month split.
Baker Hughes Inc (NYSE: BHI), one of the world's largest oil services companies, is expected to report a slight decrease in profit for the second quarter on weakness in the company's North American business.
Madison Square Garden Company (Nasdaq: MSG) shares appeared unaffected Wednesday by Jeremy Lin's departure, despite considerable hype surrounding the former New York Knicks point guard's economic boost to the company's bottom line.
English soccer power Manchester United is the world's most valuable team, worth an estimated $2.23 billion, according to Forbes.
The New York Knicks have decided that Jeremy Lin's three-year, $25 million contract offer from the Houston Rockets is too rich for them and will let the talented point guard walk, according to multiple reports.
Boxer Floyd Mayweather, who is currently serving a jail sentence for domestic assault, topped Sports Illustrated's list of the 50 highest-paid American athletes for 2012.
The International Monetary Fund on Monday cut its global growth forecast in 2013 in response to Europe's sovereign debt crisis.
Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, said Friday he might support more central bank attempts to stimulate the nation's moribund economy.
UBS AG downgraded the shares of Sigma Designs (Nasdaq: SIGM) from a Neutral rating to a Sell rating on soft consumer trends and increasing competition in the digital TV chipset market and cut its target price.
Darden Restaurants (NYSE: DRI), which owns Olive Garden and Red Lobster, will buy Yard House USA Inc., another restaurant chain, for $585 million in an all-cash deal, the company announced on Thursday.
Dwight Howard won't lose endorsements because of his trade demands, according to one expert.
The 2011 Academy Award-nominated film Moneyball detailed how Oakland Athletics general manager Billy Beane employed advanced analytics to supplement a small payroll and beat some of the most well-heeled clubs.
Nike has distanced itself from the former Penn State coach in light of new allegations.