Adidas dumped by university over labor concerns.

American Airlines expects thousands of job cuts and faces rash of late, canceled flights..

Anschutz plans to sell its entertainment group, part-owner of Los Angeles Lakers, in AEG sale to include LA's Staples Center.

Barry Diller and Scott Rudin enter e-publishing of books.

Caesars to rebrand Imperial Palace as The Quad.

Campbell Soup Co. boosts digital marketing.

Canon slashes prices in India.

Coca-Cola heirs lose $37M in foreclosure crisis.Continue reading...

Nokia plans to cut 10,000 more jobs, or one in three staff, and sheds CMO as it loses market share to Apple and Samsung and threatens mobile aspirations of Microsoft.

Disney spends $1.1 billion to spruce up its Disney California Adventure theme park, including a brand-new 12-acre Cars Land and Avengers plan.

Microsoft takes a page from Gmail in email revamp as Gmail gets a facelift, too.

AOL wins proxy fight over its content strategy.

Abercrombie & Fitch takes credit for Carly Rae Jepsen's Justin Bieber-fueled viral smash.

Apple expands "emoji" with LGBT consumers.Continue reading...

Bank of America reportedly exposes customer accounts online.

Chevron fined $8bn over Amazon 'contamination.'

Facebook sees small stake go to Kleiner Perkins Caufield & Byers.

FedEx lowers guidance.

Foster's announces it will spin off troubled wine unit.

Sony exec hints that company may pull out of Apple's iTunes.

Warren Buffett's Berkshire Hathaway increases Wells Fargo stake and liquidates positions in Bank of America, Nike,Comcast, NALCO, Nestle, Fiserv, and Loews.Continue reading...

As Kobe Bryant pursues his fifth NBA championship and the debate begins over whether he'll go down in history as the best Laker ever, Nike rolls out out its tribute to the basketball great and defending NBA champion. Added bonus: Andre 3000 (of Outkast fame) updating the Beatles' All Together Now.