• Trump likely just infuriated Beijing with the first call the US has made to Taiwan since 1979

    President-elect Trump spoke with the president of Taiwan by phone on Friday in a move likely to infuriate Beijing and hinder US-China relations. 
    "President-elect Trump spoke with President Tsai Ing-wen of Taiwan, who offered her congratulations," according to a readout of the call released later by Trump's transition team. 
    "During the discussion, they noted the close economic, political, and security ties exists between Taiwan and the United States.  President-elect Tr
  • STOCKS FINISH FLAT AFTER A LUKEWARM JOBS REPORT: Here's what you need to know

    Stocks finished more or less flat after a lukewarm jobs report on Friday.
    The Dow finished slightly in the red, while the S&P 500 and the Nasdaq scraped into the green late in the afternoon.
    First up, the scoreboard:
    Dow: 19,170.42, -21.51, (-0.11%)
    S&P 500: 2,191.95 +0.87, (+0.04%)
    Nasdaq: 5,255.65, +4.54, (+0.09%)
    WTI Crude: $51.59, +$0.53, (+1.04%)
    1. The US unemployment rate tumbled to a 9-year low of 4.6%, according to the latest jobs report from the Bu
  • Pandora is up over 16% on reports that it could sell itself (P)

    Internet-radio pioneer Pandora saw its stock soar Friday after a report from CNBC said the company was open to selling itself.
    Pandora was up over 16% at one point in trading on Friday.
    Friday morning, CNBC reported that Pandora was "open to engaging in talks with longtime suitor SiriusXM," citing sources.
    Later Friday, Bloomberg reported that Pandora had been approached by Sirius XM's chairman Greg Maffei to express an interest in buying the company. Sirius XM had reportedly made
  • Sirius XM approached Pandora board about acquisition (P, SIRI)

    SiriusXM Chairman Greg Maffei has recently reached out to the board of internet radio provider Pandora about a possible acquisition, according to a Bloomberg report.
    Pandora's stock surged more than 16% on Friday following the report, which was based on anonymous sources.
    Earlier on Friday, CNBC reported that Pandora was "open" to selling itself.
    Bloomberg said that Sirius did not discuss a price for the deal and that Pandora still has not yet responded. 
    Sirius offered about $15
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  • There's an ‘invisible majority’ in America that has been left behind by financial innovation

    We’re now hearing it very loudly from political prognosticators, after hearing it from millions of Americans: Government and politics have not served a growing group of Americans.
    Last month’s surprise election outcome taught us that the two political parties, and those in the industry of politics and governing, don’t have satisfactory answers for Americans who feel left behind by macroeconomic realities. Americans have sent a clear message: They are frustrated by the instituti
  • 'This is not a roster that says 'the economy is rigged'': Meet the economic leadership team Trump is building

    President-elect Donald Trump appointed three of his top economic Cabinet members this week, selecting people who hold traditional Republican economic values that don't exactly embody the disruptive nature that the real-estate mogul championed for months on the campaign trail.
    Trump selected Steven Mnuchin for treasury secretary, Wilbur Ross as commerce secretary, and Todd Ricketts as Ross' deputy.
    "He's been running this [transition] somewhat like 'The Apprentice,' but in the end he chooses peop
  • Twitter just lost another key executive (TWTR)

    Yet another key Twitter executive has left as the company struggles to make money and innovate its core product.
    Twitter's vice president of global sales, Richard Alfonsi, announced on Friday that he is joining payments startup Stripe. Alfonsi worked at Twitter for four and a half years and was responsible for growing the company's ad business, according to his LinkedIn.
    "We want to thank Richard for his dedication to Twitter and his many contributions over the past 4.5 years," a Twitter s
  • Tech stocks were a huge winner until the election — but now they've 'fallen off a cliff'

    It's not pretty for tech stocks.
    The tech-heavy Nasdaq has dropped by more than 1% each of the past two days and companies from Alibaba to Amazon are seeing drop offs.
    A note from Bespoke Investment Group showed just how bad things have gotten for tech stocks.
    "While Technology was a market leader for much of the Summer and into the Fall, in the post-election world the sector has done a complete 180 and fallen off a cliff," said the note from Bespoke.
    In fact, while the sector had been outpacing
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  • One detail in the jobs report should unnerve the retail industry (WMT, TGT, AMZN, M)

    Friday's jobs report showed that employment in the retail industry shrank for the first November in six years.
    According to data from the Bureau of Labor Statistics, the retail trade lost 8,300 jobs. Overall, the US economy added 178,000 jobs, while the unemployment rate fell to a nine-year low of 4.6% and the size of the labor force shrank.
    Retail employment trends tend to be seasonal, and around this time of year, retailers should be hiring more associates to cater to shopping from Black Frida
  • A bunch of Deutsche Bank clients are learning the harsh reality of an age-old rule on Wall Street (DB)

    Deutsche Bank is cutting 3,400 clients off.
    The German bank has decided to reduce the number of sales and trading clients it deals with following a review of its client list. Dixit Joshi, the head of the bank's salesforce for equities and debt, announced the move in a memo on Friday. Rob Copeland and Jenny Strasburg at The Wall Street Journal were first to report the news.
    The bank said in October it would reduce the number of clients in global markets by up to 50% as part of an effort to reduce
  • Facebook working on a plan to pick news from favored media partners (FB)

    Facebook is working on a new feature that will showcase lists of curated content from publishers directly in the News Feed, according to two people familiar with the project and internal documentation seen by Business Insider.
    The feature is called Collections and functions similarly to Snapchat's Discover section, which showcases news stories, listicles, videos, and other content submitted by handpicked media partners.
    Facebook has approached media and entertainment companies in recent weeks t
  • US oil rig count jumps for 5th straight week

    The US oil rig count increased again this week, by three to a total of 477, according to driller Baker Hughes. 
    Over the last two years, the focus has been on the massive plunge in the number of active oil rigs, which followed the collapse in oil prices.
    Now that OPEC has agreed to its first output cut in eight years, pushing oil prices above $50 per barrel, US producers may be encouraged to ramp up production at a faster rate. There is, however, a lag between oil-price and rig-count c
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  • Most 'blockbuster' treatments for diseases like Alzheimer's fail, but here's why researchers aren't giving up hope

    While treatments for diseases like cancer have had an innovation gold rush, neurological diseases haven't seen the same kind of development.
    In November, the field faced another setback after an Alzheimer's disease drug failed a critical late-stage trial. But other drugmakers seem to still have hope, even if the odds are stacked against them. 
    At the Forbes Healthcare Summit on Thursday, two CEOs from companies in the neurodegenerative space spoke with Susan Schneider Williams, whose
  • Another senior executive at Deutsche Bank is set to leave the bank (DB)

    A senior executive at Deutsche Bank is set to leave the bank.
    Brad McKee, an emerging markets specialist who was most recently head of Latin America structured debt, will leave at the end of the year, according to people familiar with the matter. 
     McKee joined the bank 10 years ago, and held a number of roles at the bank including global cohead of emerging markets structured credit trading.
    He previously spent 13 years at JPMorgan in New York, Mexico, and Buenos Aires.
    It ha
  • Ryanair launches holidays with promise to keep being ‘bastards on cost’

    Ryanair is launching a holiday service that it says will make it it “the Amazon of the travel industry”, providing its 119 million customers with flights, accommodation and transfer packages. However, the airline says the move will not affect its no-frills brand positioning, with CMO Kenny Jacobs promising it will still be a “bastard on cost”.
    The airline has partnered with tour operator Logitravel and accommodation site World2Meet to create the service, which is current
  • Goldman Sachs shares have been on a tear since the election (GS)

    Goldman Sachs shares have been on a tear since last month's presidential election.
    The stock has gained about 25%, and on Thursday hit its highest level since 2007 — or before the financial crisis. The shares were down about 1.3% to $223.66 as of about 11:00 am ET Friday. 
    Goldman shares have also outperformed every other company on the Dow Jones Industrial Average since the election. Here's the stock compared with the whole index:The gains come as banks have rallied across
  • Trump is forming an economic advisory team with the CEOs of Disney, General Motors, JPMorgan, and more

    Private-equity giant Blackstone said on Friday that its CEO, Steve Schwarzman, would head a group of business leaders to "frequently" advise President-elect Donald Trump on economic matters.
    "President-elect Donald J. Trump today announced that he is establishing the President's Strategic and Policy Forum," said the press release from Blackstone.
    "The Forum, which is composed of some of America's most highly respected and successful business leaders, will be called upon to meet with the presiden
  • Friday's jobs report showed it's still tough for unemployed Americans

    Friday's US jobs report had a huge surprise with a massive drop in the unemployment rate to 4.6%, the lowest since August 2007.
    Despite that good news, the details of the report show that it's still tough out there for those who are unemployed.
    For one thing, people who are out of work have on average been without a job for a pretty long time. The average length of unemployment as of November was 26.3 weeks. This tied with September 2015 for the least time since August 2009, but it is still much
  • Carlsberg, Diageo, 2016 in review: 5 things that mattered this week

    2016 in reviewDecember has arrived, which only means one thing at Marketing Week HQ – it’s time to take a look back at the craziness that’s called 2016. To make things as easy as possible, we have firstly trawled through this year’s best campaigns – divided up into two helpful parts to peruse at your leisure. You can find them here and here, with Pret, Malibu and Coca-Cola all making an appearance.
    But that’s not all. We have also taken a closer look at who ha
  • How brands are responding to the divisive politics of 2016

    Right-wing website Breitbart has called on its readers to boycott Kellogg’s after the cereal brand pulled its advertising from the siteWhat does your brand really stand for? It’s the soul-searching question that companies around the world are starting to ask themselves as the global political climate becomes ever more fraught and divided. Donald Trump’s victory in the US presidential election and the Brexit vote this summer have shattered the neoliberal consensus in the West, u
  • Here's the real cost of the '12 days of Christmas'

    Your true love will need to raise his or her budget for your Christmas gifts this year.
    PNC released its annual Christmas Price Index on Friday, and it showed that prices for items from the Christmas carol "The Twelve Days of Christmas" rose by 0.7% from last year. That's slightly up from the 0.6% pace in 2015.
    The cost of everything on the list, from the partridge to the drummers, totaled $34,363.49, an increase of a few hundred dollars from last year. The "core" index, excluding volatile swan
  • One group of traders is looking forward to a big bump in bonuses

    Rates traders are making it rain.
    The rates business has been the standout performer on Wall Street in 2016, with revenue at $21 billion for the first nine months of the year, according to Coalition, up 24% from the same period.
    And early indications suggest total compensation will increase for the top performers.
    According to an annual survey by the Wall Street recruiting firm Options Group, total compensation for rates traders in the US will be up 9% from last year on average. For rates salesp
  • British Gas tries to convince people to gift smart metres this Christmas

    British Gas has teamed up with sister brand Hive for the first time to launch a joint Christmas campaign in a bid to establish itself as the “first port of call” for the connected home.
    The ‘You’re Never Far from Home’ campaign, devised by creative agency CHI&Partners, launches across Facebook, YouTube and cinema from today (2 December) and will run until 22 December. It features the true story of the Moses family from Warlingham, Surrey, who are separated duri
  • British Gas tries to convince people to gift smart devices this Christmas

    British Gas has teamed up with sister brand Hive for the first time to launch a joint Christmas campaign in a bid to establish itself as the “first port of call” for the connected home.
    The ‘You’re Never Far from Home’ campaign, devised by creative agency CHI&Partners, launches across Facebook, YouTube and cinema from today (2 December) and will run until 22 December. It features the true story of the Moses family from Warlingham, Surrey, who are separated duri
  • British Gas makes bid to be ‘first port of call’ for the connected home

    British Gas has teamed up with sister brand Hive for the first time to launch a joint Christmas campaign in a bid to establish itself as the “first port of call” for the connected home.
    The ‘You’re Never Far from Home’ campaign, devised by creative agency CHI&Partners, launches across Facebook, YouTube and cinema from today (2 December) and will run until 22 December. It features the true story of the Moses family from Warlingham, Surrey, who are separated duri
  • Poundland shouts about quality and price as it looks to ‘win’ post Brexit

    Poundland is airing its first ever national TV campaign, which shows surprised members of the public learning that Christmas items such as mince pies are actually from the discounter’s festive range.
    Running for the next three weeks, the ad, although clearly lower budget, has some similarities with the Lidl Surprises campaign in being a bid to convince members of the public that gifts from a discounter are not lacking in premium quality.
    Speaking to Marketing Week, Poundland’s tradi
  • Iceland slams ‘Christmas in November’ as it unveils a Geordie Santa

    Iceland is launching its headline Christmas ad, replacing brand advocate and Mysterious Girl singer Peter Andre with a chirpy, Geordie-accented Santa Claus.
    The 60-second spot, which retains Iceland’s ‘the Power of Frozen’ slogan and was created by independent agency Karmarama, features married couple Nick and Sarah Claus being greeted with a surprise Iceland Christmas food delivery. Following the delivery, Santa returns home for regular ‘pit stops’ of mince p
  • 'Super-consumers' drive profits

    SINGAPORE: 'Super consumers' – just 10% of all consumers – spearhead profitability in any category, driving an estimated 30% of sales and more than 50% of profits, according to an analysis by Nielsen across 140 categories globally. The finding was...
  • Product launches target social

    GLOBAL: Marketers are no longer looking to traditional above-the-line campaigns when launching new products and services, turning first to social – with television well down the pecking order, according to new research. Launch marketing agency...
  • P&G leads FMCG penetration in China

    BEIJING:A total of 22 FMCG companies reach more than 100m urban Chinese households according to Kantar Worldpanel data, with Procter & Gamble heading the list.Figures covering the 52 weeks to October 7 showed that P&G
  • How Kraft rewrote the relaunch rules

    NEW YORK: Kraft's Mac & Cheese successfully showed that product relaunches may initially benefit from being low-key in nature, as it deliberately decided to "push against" the hyperbole which usually accompanies such efforts.Eric Zuncic, Chief...
  • Global brands slim ad server rosters

    GLOBAL: Major global brands are consolidating their roster of ad serving companies as part of their ongoing efforts to transform their marketing for the digital age, a new report has said.The findings come from a survey by the
  • Food divides Americans

    WASHINGTON, DC: Americans are almost as divided in their perceptions of food and what constitutes healthy eating as they are on politics, although the food splits do not follow party lines.A new Pew Research Center survey of 1,480 US adults showed...
  • Aussies stick with TV for entertainment

    SYDNEY: Australians spend more time using the internet than watching television, but much of that is work- or study-related, meaning that TV is top for entertainment.A new study by Roy Morgan Research found the average Australian
  • Poor data is costing brands 6% of annual revenue

    Around 6% of annual revenue is being lost through poor quality data, according to new research by Royal Mail.
    Given the positive impact well-maintained contact data can have on campaign performance, it’s perhaps surprising that around 70% of the 300 companies surveyed admit to having incomplete or out-of-date customer data. And the problem is getting worse given this figure is up 12% compared to 2014.
    However, 34% of marketers fail to fully understand the financial impact o
  • Ford looks to ‘disrupt itself’ with focus on driverless cars and shuttle services

    Ford is increasing its investment in electric and autonomous vehicles and plans to test and launch a city shuttle service in Europe, as it looks to offset disruption in the transport sector by tech giants.
    Autonomous vehicles will have contributed a total of £14.5 trillion to Europe’s GDP by 2015, according to a report commissioned by Nissan Europe, leaving the auto industry open to disruption from technology companies eager to grab a share of the market.
    In addition to carmakers, t
  • Ritson: Marriott faces one of the toughest jobs in branding

    A few months back, when Marriott International was given government approval to acquire Starwood Hotels and Resorts Worldwide, there was no question that this was the biggest deal in the history of the modern hotel business. Aside from the $13bn (£10bn) price tag, the acquisition turned Marriott into the largest hotel group in the world overnight with more than 1 million rooms worldwide. One in every 15 hotel rooms is now Marriott-operated.
    When a clearly delighted Arne Sorenson annou
  • Why the Tube is an ad platform unlike any other

    London Underground is a unique environment. Despite being the oldest underground railway system in the world, London’s historic transport infrastructure remains both iconic and innovative to this day.
    With nearly five million passenger journeys made daily on this bustling network, consumers interactions with advertising in this setting must also be viewed in a different way from other marketing channels. Until recently, not much was known about how passengers travelling through the networ
  • 2016 year in review: It’s been a bad year for…

    Media agencies
    Media agencies have been scrutinised like never before this year since the Association of National Advertisers (ANA) revealed highly controversial practices taking place within the US ad industry.
    A report by the ANA found evidence of a “fundamental disconnect” between advertisers and agencies, highlighting a far greater need for transparency as the prevalence of cash rebates and kickbacks from media owners to agencies was brought to light.
    A  study by marke
  • Secret Marketer: Despite our obsession with tech it often seems like we know nothing

    One of best books about Hollywood is ‘Adventures in the Screen Trade’ in which the screenwriter William Goldman asserts that “nobody knows anything”.He was referring to the fact that despite their market research, gut instinct and experience, no one in Hollywood has any idea how well a film will do before its release. He gives the example of one of the highest grossing films of all time – Raiders of the Lost Ark. It was turned down by every studio except Paramo
  • The Co-op focuses on its community work for Christmas ad

    Co-op Food is focusing on real customers and its charitable community work for its Christmas marketing campaign.
    Its one-minute festive TV ad, created by Leo Burnett, focuses on real customers and how Christmas brings them together as a community. It ends on the question ‘what if our good times could help fund good times for others?’.
    The aim of the ad is to bring attention to the £1.5m the convenience retailer has raised for community groups across the UK such as the Southpor
  • 2016 year in review: It’s been a good year for…

    On-demand services
    It seems convenience has become king, as brands move towards providing consumers with on-demand services at the click of a button. Uber expanded into food delivery with its UberEATS launch in June, allowing consumers to order food in a similar manner to hailing an Uber car. Deliveroo, perhaps worried about its new competitor, unveiled a rebrand soon after with a more minimalist logo and colourful staff uniforms.
    The two brands have tough times ahead with their employment
  • What next for emoji?

    NEW YORK: Consumers may already have reached "peak emoji" just as new platforms are emerging to enable brands to reach them more effectively this way.Recent data from YouGov Profiles – a segmentation and media planning product based on information...
  • Video fuels FMCG online ad spend

    MELBOURNE: Digital investment is continuing to soar in Australia, with online adspend now approaching half of total advertising expenditure in the country as FMCG brands invest heavily in digital video. A recent Commercial Economic Advisory of...
  • User-generated images are more trusted

    US/EUROPE: User-generated images of brands are significantly more likely to generate consumer trust and brand engagement than those produced by marketers, a new report has claimed.
  • Lane Bryant shatters stereotypes

    LOS ANGELES: Lane Bryant, the plus-size clothing retailer, has driven brand growth by actively championing women whose body types differ from stereotypical depictions of beauty.Brian Beitler, the firm's EVP/CMO, discussed this subject at the...
  • Devising an effective social strategy

    LONDON: Social works most effectively when integrated into the media mix, meaning it is vital for brands to take an audience-led, holistic approach to social media planning, according to a leading industry figure.In a Warc Best Practice paper,
  • Chinese expats fuel Aussie luxury market

    SYDNEY: Increased Chinese tourism has helped to drive luxury markets around the world, but in Australia the presence of a growing number of wealthy Chinese expats has emerged as a significant factor. Edwina McCann, editor-in-chief of Vogue...
  • Brands pressured on palm oil use

    SINGAPORE: Major brand owners, including Nestlé, Unilever and Procter & Gamble, have been accused of profiting from the use of cheap palm oil produced by child labour.Amnesty International, the human rights organisation, investigated palm oil...
  • Blog: Is VR the new advertising platform?

    There's huge potential for VR advertising, says Jon Wadelton, CTO at The Foundry. But right now the hype overshadows the reality.

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