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.
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.
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.
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.
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.
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