SAN FRANCISCO - Facebook Inc's fast-growing mobile advertising business helped drive a 61 percent increase in revenue during the second quarter, beating Wall Street's financial targets and sending shares to a record-high in after-hours trading on Wednesday. | Video
Recent Business News
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SHANGHAI/LANGFANG China - Yum Brands Inc severed ties with OSI Group after Shanghai police detained five people from the supplier's China meat-processing factory at the center of a food-safety scare that has ensnared several major Western brands.
Facebook is becoming a P&G-style brand holding company that sucks ad dollars from phones around the world.