Yelp Trims Third Quarter Earnings Forecast Also Announces Departure of Its Chairman

Yelp Trims Third Quarter Earnings Forecast Also Announces Departure of Its Chair

Yelp Inc, the company that operates Yelp.com, the consumer review website reported a loss in the latest quarter which ended in June and also lowered its revenue forecast for the ongoing quarter. It cited slow sales rate and phasing out of its brand-advertising product as reason for the unexpectedly lower results.

Solvay, the Belgian Chemical Group to Acquire U.S. Cytec for $5.5 billion

Solvay, the Belgian Chemical Group to Acquire U.S. Cytec for $5.5 billion

Solvay, the chemical group based in Belgium will acquire Cytec, an U.S company for $5.5 billion. The acquisition will strengthen the company's presence in lightweight composites industry for cars and aircrafts adding to its mining chemicals business.

Reports Say Amazon Suggests Dividing Airspace into Zones for Delivery Drones

Reports Say Amazon Suggests Dividing Airspace into Zones for Delivery Drones

For long Amazon has showed interest in delivering its packages to customers within half an hour with unmanned drones. The company is still making efforts for approval and a report says that it suggested dividing the airspace into different segments which might designate zones for high speed drones for delivery and traditional aircrafts.

Federal Reserve Expected to Stay Focused on Rate Hike Plan in September

Federal Reserve Expected to Stay Focused on Rate Hike Plan in September

The Federal Reserve recently had a two day meeting and on Wednesday is expected to issue its policy statement which will be on the lines of what the policymakers feel about the progress of the economy in the U.S since June, when they met last.

Oil Prices Drop Near Four-Month Low as Supply Glut and Chinese Economy Increases Concerns

Oil Prices Drop Near Four-Month Low as Supply Glut and Chinese Economy Increases

Concerns about global oil supply surface yet again, resulting in a drop in oil prices to its four month lows on Tuesday. The falling Chinese economy and stock market sell-offs are shaking the investor sentiments everywhere.

Reportedly A.G. Lafley to Pass Reigns of P&G CEO to David Taylor

Reportedly A.G. Lafley to Pass Reigns of P&G CEO to David Taylor

Reportedly, Procter & Gamble's next CEO is going to be David Taylor. He will be succeeding A. G. Lafley the report mentioned citing sources close to the matter.

The report mentioned that the company is scheduled to hold a meeting on Tuesday and could announce Taylor as the company's new CEO by Thursday.

Baidu Profits in Second Quarter Offset by Higher Expenses

Baidu Profits in Second Quarter Offset by Higher Expenses

Although higher expenses took a toll on the overall earning in the second quarter, the profits of the Baidu increased 3.3%.

Baidu Inc. the Chinese search giant says that it will continue spending in order to promote its development into linking its online consumers with offline services like group buying, food delivery along with other related services.

Economists Predict Solid Revenue Growth for Vermont

Economists Predict Solid Revenue Growth for Vermont

According to Justin Johnson, the Secretary of Administration, economists predict the state revenue is estimated to grow in the present fiscal year by $40.2 million more, that's much higher than the amount forecasted in January. He also said that the upbeat revenue figures signals at a growing Vermont economy.

Swiss bank Vontobel Announces 24 Percent Increase in Profit in the First Half of the Year

Swiss bank Vontobel Announces 24 Percent Increase in Profit in the First Half of

On Monday, Vontobel the Zurich-based Swiss bank announced an increase in its net profit for the first half of the year. The bank said the close to twenty four percent rise was due to boost in trading and also in fees and commissions.

President Obama Visits Kenya, His Father’s Birth Place

President Obama Visits Kenya, His Father’s Birth Place

Obama last week visited Kenya. It is a country where his father was born and now lies buried. He is the first US president to visit Kenya, while in office.  For the first time he had visited Kenya thirty years back.

Latest News

Yelp Trims Third Quarter Earnings Forecast Also Announces Departure of Its Chair
Solvay, the Belgian Chemical Group to Acquire U.S. Cytec for $5.5 billion
Reports Say Amazon Suggests Dividing Airspace into Zones for Delivery Drones
Federal Reserve Expected to Stay Focused on Rate Hike Plan in September
Oil Prices Drop Near Four-Month Low as Supply Glut and Chinese Economy Increases
Reportedly A.G. Lafley to Pass Reigns of P&G CEO to David Taylor
Baidu Profits in Second Quarter Offset by Higher Expenses
Economists Predict Solid Revenue Growth for Vermont
Swiss bank Vontobel Announces 24 Percent Increase in Profit in the First Half of
President Obama Visits Kenya, His Father’s Birth Place
National Highway Traffic Safety Administration Slaps $105M Fine on Fiat Chrysler
Wealthy, Well Educated People in Early 60’s More at Risk of Harmful Drinking
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