North America

Yahoo Logo in Rolle, Switzerland

Yahoo buys fashion website Polyvore

Yahoo Inc (YHOO.O) said on Friday it agreed to buy fashion start-up Polyvore to help drive traffic and strengthen its mobile and social offerings.

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Workers

U.S. wage growth brakes in second-quarter; consumer sentiment slips

U.S. labor costs in the second quarter recorded their smallest increase in 33 years as workers earned less in commissions and bonuses, in what appeared to be a temporary wage growth setback against the backdrop of diminishing labor market slack.

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Trans-Pacific Partnership

Pacific Rim free trade talks fall short of deal

Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs.

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Silicon Valley

US tech companies lead the $100B market capitalization list

Three of the top companies by market capitalization in the US are technology companies established after 1970 that make waves in the global markets until today.

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Barclays

Barclays cuts 150 investment bank jobs under cost-cutting plan

Barclays Plc (BARC.L) is cutting about 150 staff from its investment bank as part of the British bank's attempt to cut costs and improve profitability in the business, a person familiar with the matter said.

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Occipital

3D sensor maker Occipital gets $13 Million in Series B funding

Software startup Occipital has announced that the company received a round of funding from a group of investors. TechCrunch reports that the Series B funding worth $13 million was raised from investors Intel Capital, Shea Ventures, Grishin Robotics, and Foundry Group, who had previously participated in the first round of funding for Occipital.

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U.S. savings bonds

Americans saving more, but not for retirement

A greater number of Americans are saving their hard-earned money, not for retirement but for emergencies. According to an annual survey by financial research firm Hearts & Wallets, household savings in 2014 was at 5.5%, nearly a percentage point higher than the previous year.

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Max Levchin (L) and Gwynne Shotwell

Yelp CEO announces departure of Chairman Max Levchin

Crowdsourced business review site Yelp took a double whammy as its chairman filed his resignation after the company's stock plunged 28 per cent for the second quarter of 2015.

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Jack Lew

Creditworthiness of US at stake; Will cash-strapped US raise debt ceiling?

The creditworthiness of the world's largest economy seems to be drenched as US treasury has stopped issuing further debt citing reasons for reaching the borrowing ceiling.

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Amazon Dash

Amazon offers Amazon Dash for $5 to Premium customers

The Amazon Dash, the dongle you can stick anywhere in your household for quick and convenient ordering, is now on sale exclusively for Amazon Premium customers only. Amazon will charge $5 for each.

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Mark Zuckerberg

Facebook posts Q2 gains, but expenses worry investors; shares rise, fall

Facebook has met nearly all expectations for the second quarter, yet shares fell soon after the release of its earnings report.

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Jerry Yang

Yahoo paid out more that $1 million to vulnerability reporters in their Bug Bounty Program

Yahoo has revealed that it has spent more than $1 million dollars for security researchers participating in their Bug Bounty Program.

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Penthouse room

Donald Trump sells New York property for $21 million

Controversial real estate mogul and presidential hopeful Donald Trump has sold his New York Trump Park Avenue penthouse for 21 million dollars, said real estate listing agent Michelle Griffith.

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Protest for higher pay

Not a quick fix: A raise in fast-food hourly wages to $15 leads to 4% increase of product prices- study

Minimum wage increase has been a lingering issue in most economies. Part of the battle is determining its effects; however, shortly after Seattle began implementing $15 per hour minimum wage, a new study emerged focusing on increased product prices.

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Victoria's Secret

Victoria's Secret is losing $9B for casting out plus-size lingerie

Victoria's Secret, the leading lingerie brand dominating the 35% of the market is losing $9 billion opportunity for missing out plus-sized underwear in the line.

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