The 7 percent unemployment rate accompanied a gain of 203,000 jobs
A Needham & Co. report estimates that most cable TV channels would vanish if consumers could—as they say they'd prefer—spend $30 monthly on 15 to 20 channels
Challenges to patents, transparency for demand letters, and litigation fees are crucial
It lets customers go off the grid when utilities charge their highest rates and provides a backup during outages
The settlement ends an eight-year legal fight waged by African American brokers
Jeff Bezos's plan to deliver packages via unmanned aerial drones is crazy—which means you shouldn't bet against him
After selling out 5,000 designer Starbucks cards in six minutes last year, Starbucks is offering a mere 1,000 of them at noon on Friday
Northwestern's Kellogg School of Management reclaims the top stop after a two-year absence
Immigrant entrepreneurs and companies with intellectual property are more likely to hire
By Frederik Balfour
Brands always take big risks when they team up with celebrities. Movie stars, pop singers, and athletes have been a great marketing tool; however, by the very virtue of their being constantly in the spotlight, any slipup can become a marketing disaster. The latest scandal to erupt involves none other than U.S. swimming sensation Michael Phelps, caught on camera apparently inhaling marijuana smoke from a bong, which has caused a major embarrassment for his sponsors including Kellogg, Visa, AT&T, and Speedo. On Feb. 1, Phelps issued an apology.
Whether he will continue to cash in on his eight Olympic gold medals remains to be seen. As the following slides illustrate, some celebrities such as Kate Moss have overcome scandals to resume successful and lucrative careers, while others, like O.J. Simpson, have become completely unbankable properties.