On Friday, Yahoo said that it agreed to acquire Polyvore, the fashion start-up that is expected to attract more traffic and fortify its mobile and social offerings. The company did not announce the terms of the deal but said that the acquisition will speed up its 'Mavens' growth move.
In the second quarter which ended in June, Twitter earned revenue of $502 million quarterly. The second quarter revenue was sixty one percent up as compared to last year.
Compared to the first quarter, Twitter's active user number in the second quarter increased by eight million to 316 million. That's fifteen percent increase on a year on tear basis.
Although the U. S economy expanded in the June quarter but it settled for a jog rather than a run. The progress has been slow but is more optimistic than the first quarter which gave a scare.
To stay in competition and to gain back customer confidence Whole Foods Market plans to open a new set of stores aimed to attract the millennials.
Houston will be among the chosen first five cities that will have a branch of the "streamlined, value-oriented" 365 by Whole Foods Market.
On Tuesday, Ford announced its quarterly earnings and the results surprised everyone.
The car maker reported earnings that surpassed market expectations. Ford's earnings of $1.9 billion dollars were a record quarterly profit in North America since 2000.
Seasonally adjusted by the St. Louis Federal Reserve Bank, the unemployment rate in the metro-area dropped in June to 5.4 percent as compared to May's 5.8 percent.