AOL's CEO says the newly teamed-up trio - Yahoo, AOL and Verizon - plan to build a "house of brands," not follow Facebook and Google's strategies. » Read More
When a player gets traded or gets in trouble, sporting goods retailers are among the most nervous. If the player is very popular and never plays for the team again, it's a disaster from an inventory standpoint. Retailers have to slash prices to somehow get rid of the useless jerseys.
Kobe Bryant and the Los Angeles Lakers rise again, Brett Favre stays in the game, the Olympic Committee makes a stunning move and more pro sports teams than ever go up for sale.
Customers turned out to the stores and malls this Black Friday, but the analysis so far indicates that there were fewer of them than last year. And those shoppers who did show up were far more selective, looking for the best bargains, in this competitive holiday season.
Sure, there are plenty of reasons to expect crowds at the stores this Black Friday - tradition, a more condensed holiday shopping season and a cost-conscious consumer - but there are also some subtle signs that retailers aren't too sure about the turnout.
For the millionth time, LeBron James has no bonus in his current contract with Nike—still his original contract—that pays him more if he plays in New York or any other big city for that matter.
In this economic environment even the hot online advertising market is showing declining growth. I just got the latest search share statistics from Nielsen that show that Google has a lot to be grateful for. In October Google did 8.1 percent more searches than it did in the year-ago period.
GM insists discussions had started earlier in the year, but it seems like more than just a coincidence that just as GM is slammed for overspending (i.e. on those private jets) it's very publicly dropping its high-paid spokesperson.
Under this plan, buyers will be allowed to pay half their balance now and the remaining half on the day the Dow Jones reaches 10,000 or by Nov. 15, 2009, whichever comes earlier.
China Central Television's auction of its primetime ad time Tuesday yielded nearly $1.4 billion in revenue, 15 percent more than last year. This Chinese version of the American upfront ad sales period attracted global companies like Coca-Cola who have become more committed to the growing economy since the Olympics.
When it comes to the auto industry, there are more than just millions of auto-related jobs on the line. Billions of dollars in advertising—arguably the cornerstone of the industry—is at stake.
Microsoft is no longer interested in buying all of Yahoo, CEO Steve Ballmer said Wednesday, though he told shareholders that the company would still be "very open" to a collaboration on Internet search. His comments sent Yahoo shares diving by 12 percent.
Luxury automaker Lexus will be moving ahead as planned with its USGA and USTA sponsorships for 2009. Lexus spokeswoman Nancy Hubbell tells me the company is committed to its golf and tennis promotional activities for next year.
One of the best sports biz stories of 2007 resulted from the Red Sox winning the 2007 World Series. Jordan's Furniture, based in Taunton, Massachusetts, offered to refund the cost of qualifying pieces of furniture purchased during a six-week period before the 2007 season, if the Red Sox went on to win the World Series.
If a company offers a strongly branded product for 40 percent off the suggested price, it sets up a perception in the customer’s mind that the product should be offered at that lower price all the time.
All are signs NASCAR's in trouble. No one knows for sure how deep the employee cuts will go and what else might be sacrificed. Veteran team owner Jack Roush, of Roush Fenway Racing, has a list of changes that might occur if the economy worsens.
How in the world is Merck gonna rebrand a product it has spent so much time, effort and money gearing toward females so that males will use it, too? I'm not sure, but it'll be interesting to watch if or when MRK wins Food and Drug Administration approval of Gardasil for boys/young men.
It's a stunning indication of how the economy is impacting the sports business. Commissioner Bud Selig warned teams a couple of months ago to be careful when setting 2009 prices. Today’s announcement shows that owners and teams are taking the warning seriously.
Worldwide technology spending will slow significantly in 2009 because of the financial turmoil that has rattled global markets since September, research firm IDC said Wednesday.
With a rising consumer interest in the fantasy sports marketplace (7% over the past five years in the United States and Canada), I wanted to focus on some of the key trends that will serve as discussion points over the next 1-3 years.
The director of the FHFA discusses a new loan modification plan that will take effect December 15 while the CEO of Hulu.com, a joint venture between NBC Universal and News Corp, discusses his business during the economic downturn. Following are today's top videos: