It's been more than a year since Microsoft was first reported to be interested in buying Salesforce. The deal only fell through after Salesforce CEO Marc Benioff reportedly asked for $20 billion more than Microsoft's $50 billion offer.
Despite reports of a dead deal, Wall Street's rumor mill never quite let go of the possibility of a mega merger between the two giant software makers, even until late last year.
It also didn't help that Benioff gave a somewhat odd answer to CNB
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It's time to finally put an end to any talks of a Microsoft-Salesforce merger deal (CRM, MSFT)
-
Inside the intense event that decides 'Wall Street’s Best Athlete'
The fittest men and women on Wall Street competed for the crown of "Wall Street's Best Athlete"on Sunday June 12.
All 110 competitors gave it their all and raised over a $1 million for pediatric cancer research at Memorial Sloane Kettering Cancer Center.
In what ending up spanning 8 hours, the financial industry's finest competed in events inspired by the NFL Scouting Combine and the Olympic Decathlon.These events are: 400m run, Football throw, Pull-ups, 40yd dash, -
Macy's has a new plan to fix its biggest problem
Macy's sales have been declining amid a bigger slowdown in American retail.
But now, the company is planning a new makeover.
Macy's is currently revamping its location in Columbus, Ohio at the Easton Town Center, according to the Columbus Dispatch. The company will launch this new test model on June 25.
This version of the store will have "lifestyle" sections and mini-stores, such as a spa and a LensCrafters, within the department store. One of these sections, called Restore, Nou -
Legendary private equity investor Henry Kravis shares his No. 1 piece of advice for young entrepreneurs
Legendary private equity chief Henry Kravis has a tip for young entrepreneurs.
He talked a great deal about the culture and investing decisions at the private equity firm KKR, which he cofounded with his cousin George Roberts, in an interview with Bloomberg's Jason Kelly.
KKR has enjoyed spectacular growth since it was founded in 1976. The firm was once the most feared leveraged buyout firm on Wall Street, as documented in the book "Barbarians at the Gate," which chronicled the brutal fight -
STOCKS SINK ON MEGA-MERGER MONDAY: What you need to know in markets
Stocks finished the day little-changed on Monday as the big news was Microsoft's $26.2 billion play to acquire professional networking site LinkedIn.
Scoreboard
Dow: 17,732.5, -132.9, (-0.7%)
S&P 500: 2,079.1, -17, (-0.8%)
Nasdaq: 4,848.4, -46.1, (-0.9%)
WTI crude oil: $48.50, -1%
10-year Treasury: 1.61%
Microsoft
Wow.
On Monday morning, Microsoft announced it would acquire professional networking site LinkedIn for $196, or $26.2 billion in the biggest company-for-company tech buy since HP a -
These 6 movie studios have brought in the most cash so far this year (DIS, FOXA, TWC, CMCSA, PGRE, SNE)
Summer movies have always represented a good opportunity for the movie studios. Many of them chose to release their big "blockbusters" to capture those movie goers trying to escape the summer heat.
2015 saw recording breaking movies like "Jurassic World" and "Avengers: Age of Ultron" released in the summer. None from 2016 have beat the records of last year yet, but summer is still only just beginning.
Most of the major studios have already begun releasing their slate of summer hopefuls -
Career Moves Group: Head of Digital
£45000 - £65000 per annum + dep on experience:Career Moves Group:
Iconic digital publishing brand is looking for a new Head of Digital to lead and deliver the digital strategy across its group.
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Career Moves Group: Partnership Account Manager
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One of the worlds top brands are looking for a Partnership Account Manager to acquire, manage and develop commercial relationships.
London -
The Japanese yen is skyrocketing
Good afternoon!
The Japanese yen is stronger by 0.8% at 106.12 per dollar as of 1:01 p.m. ET.
The yen is "breaking higher and more gains are in store from here with falling global and local bond yields working as the catalyst," wrote Morgan Stanley's Hans W. Redeker in a note to clients.
"The deeper global bond yields fall, the more investors express global growth concerns," he added.
As for the rest of the world, here's the scoreboard:
The British pound is down by 0.2% at 1. -
MICROSOFT BUYS LINKEDIN: What you need to know on Wall Street right now
Finance Insider is Business Insider's summary of the top stories of the past 24 hours.
To sign up, scroll to the bottom of this page and click "Get updates in your inbox," or click here.
At Business Insider, we believe capitalism can and should be a force for good.
And with the inaugural edition of Business Insider 100: The Creators, we are celebrating leaders who embody this spirit. Check out the whole Creators series here.
Later today, we launch another series in partnership wi -
This chart shows the history of sovereign-debt defaults
Some countries have a bit of a history of defaulting on their debts.
And you can see this clearly via the Bank of America Merrill Lynch chart below, courtesy of Yahoo Finance's managing editor Sam Ro.
It shows the share of years in default or rescheduling since independence or 1800 for a bunch of countries as well as the total number of external defaults and reschedulings for those countries.The history of sovereign debt defaults - BAML pic.twitter.com/D5ILb8JsUo— Sam Ro(@bySamRo) June 13, -
Microsoft’s LinkedIn acquisition is a data and advertising play
Under the deal, LinkedIn says it will retain its “distinct brand, culture and independence. LinkedIn CEO will remain CEO, reporting into Microsoft’s boss Satya Nadella. The deal is expected to close by the end of the year.
The deal was not totally unexpected, with both companies focused on the B2B marketing, Microsoft through software including Office and Outlook, and LinkedIn through its professional social network. Yet both have seen sales slow, with the two hoping this provides th -
Pitch Consultants: Content Author | Digital | Web | Marketing | Birmingham
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This is a great opportunity to work in a leading agency as a Content Author with a focus on Digital.
Birmingham -
Here's what Wall Street thinks of Microsoft buying LinkedIn
Monday kicked off to a huge start with the announcement that Microsoft was buying social-media platform LinkedIn for $26.2 billion.
The move had wide-ranging impact, from the tech world to Wall Street.
Wall Street analysts were quick to break down the deal and what it means for the broader investing environment.
Overall, the mood seems to be positive. LinkedIn provides some good strategic opportunities for Microsoft, while the exit for LinkedIn investors is a solid boon, given the company's -
Why Microsoft buying LinkedIn is good for Pandora (P, MSFT, LNKD)
Microsoft's monster acquisition of LinkedIn on Monday has analysts looking at other potential M&A targets in the tech space.
Two that have jumped out are Twitter and Pandora, which have both built large user bases but whose shares have been under pressure recently. There have been rumors on and off that Pandora could be for sale, and last month activist investor Corvex demanded the company sell itself. CEO and founder Tim Westergren, who returned to the CEO spot in late March, has repe -
Here are 3 simple reasons why traditional retailers are doomed (IBUY, XRT, AMZN, BBY, SHLD, M)
Here's some not-so-shocking news: traditional department stores are still struggling to lift sales.
Sales in May fell 3.9% compared to the prior year, worsening from a 2.9% drop in April, Morgan Stanley said in a note Monday.
Paula Campbell Roberts and her team wrote that this proved "department store share losses are accelerating."
"We saw this in 1Q, as we estimate department stores lost ~$400M apparel market share, primarily to Amazon and the off-pricers," they wrote. "We do not exp -
I spent 4 days in Arkansas for the 14,000-person Walmart shareholders meeting, and it's unlike anything else in the corporate world
There is nothing else in the corporate world like the Walmart Shareholders Meeting.
On June 3, more than 14,000 Walmart employees, executives, and shareholders poured into the University of Arkansas' Bud Walton Arena.
Updates on the past fiscal year's performance as well as the company's latest initiatives were interspersed with comedy from "The Late Late Show" host James Corden and musical performances that included Nick Jonas and Katy Perry. And this was all before noon.
Shareholders fly to n -
Here are the tech companies most likely to get acquired next, according to Goldman Sachs
Dealmaking in the tech industry is back with a bang.
Microsoft is buying LinkedIn for $26.2 billion, while computer-security company Symantec is buying Blue Coat Systems for about $4.65 billion.
Goldman Sachs' research analysts, led by Jessica Binder Graham, on Friday updated the basket of companies the bank thinks could get acquired in the next 12 months.
LinkedIn had a two ranking, meaning the research analysts thought it had a 15% to 30% probability of being in -
Jeff Weiner should get almost $30 million for selling Linkedin (LNKD, MSFT)
By selling LinkedIn to Microsoft, LinkedIn CEO Jeff Weiner, and the company's other named officers, will be making a pretty penny.
Microsoft agreed to buy the company for $196 a share in cash, a 50% premium over LinkedIn's closing price on Friday.
This is s a sweet deal for LinkedIn's shareholders.
The stock price crashed big time in February, when a weak financial outlook worried investors about the company's prospects for ongoing growth.
Prior to the crash, the stock -
Digital Gurus: Full stack (PHP) Developer
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Do marketers really need 100% viewability for digital ads?
When Twitter launched its viewability promise last year it was vehement in its stance on what should be considered a view. The Media Ratings Council (MRC) standard is that digital ads should be 50% in view for 2 seconds otherwise advertisers will not be charged.
Twitter promised more. It said ads on its website and apps should be 100% in view for at least three seconds. Writing in a blog post at the time, Twitter’s senior product manager David Regon said: “We’re putti -
Better Placed Recruitment: Interim Senior Manager, Strategic Marketing & Delivery
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I am supporting a fantastic charity who a looking to bring in a Senior Marketing professional to develop their long-term marketing strategy
London -
Helen Tupper: The best way to get a mentor is to never ask for one
Imagine this: you are busy at work and you are doing a great job. Out of the blue, you get an email from someone you have never met, asking for a long-term relationship with you. How do you respond? Flattery aside, most people would probably find this a bit weird and either click delete or politely decline. It may sound odd, but this is the situation that occurs all too often when people approach a potential mentor. Asking someone you have never met to be your mentor without defining -
Asda’s new boss will need to turn around the brand, not just its sales
Sean Clarke will take over on 11 July. Most recently CEO at Walmart China he actually started his retail career at Asda back in 1996. He then went on to hold a number of global roles, including as COO in China where he was responsible for marketing, as well as merchandising, operations and supply chain.
Asda has had a difficult year as the continued success of the discounters Aldi and Lidl and the resurgence of Morrisons and Tesco ate into its sales. Like-for-like sales fell by 5.8% over the Chr -
Vitamin T: B2B Marketing Manager - 3 to 6 months contract
£250 per day:Vitamin T:
My client is one of Europe's most innovative payment and banking solutions companies, which has been successfully pursuing a commitment to challenging the status of quo of traditional banking.
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Secret Marketer: Direct communication is key if you want to build real fans rather than fake likes
I was talking to a newish member of the marketing team recently, trying to explain to her that it was okay to communicate directly with customers either on the phone or by email, and that it was our job as marketers to talk directly to customers. And, if complaints come directly through to us, as they often do, we need to take time out to write to them.
It got me to thinking that marketing thought of as a relationship is quite different from marketing deemed as just marketing – a more tran -
Red Sofa London: Creative Director - Switzerland - £80,000 - £100,000
£80000 - £100000 per annum:Red Sofa London:
Creative Director - Switzerland - £80,000 - £100,000
A leading global brand seeks a talented Creative Director to join their core design team to work across projects such as new product branding and the re-positioning of existing products, national an
Switzerland -
Red Sofa London: Senior Digital Designer - Switzerland - £50,000 - £60,000
£50000 - £60000 per annum:Red Sofa London:
Senior Digital Designer - Switzerland - £50,000 - £60,000We are looking for an extremely talented senior branding and digital designer preferably with art direction experience to work alongside a Creative Director and Senior Art Director.
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Digital Gurus: Inside Sales
£32000 - £40000 Per Annum + Bonus + Company Benefits:Digital Gurus:
Job descriptionMy client is a unique provider of enterprise software and information solutions. With over 18,000 global customers my client has hundreds of millions in annual turnover. For over 3 decades my client has built up a netowrk in over 80 count
London -
Red Sofa London: Experiential Account Manager
£25000 - £32000 per annum:Red Sofa London:
A fantastic opportunity has arisen at an award winning experiential agency who have a whole host of great clients.
London -
Keeping marketers tuned into radio
On the face of it, radio seems to be in rude health, reaching millions of adults every week. Yet it is dogged by a belief among some advertisers and their agencies that it is less exciting and creative than other channels, and not a brand building platform. There is also a perception among some that it can only be used for promotional activity.
While Nielsen figures show that the Government and companies like British Gas and Asda do spend big on the medium, some of the UK’s biggest ad -
Stella Artois seeks to ‘take Wimbledon beyond the courts’ as it launches theatre production
The brand, which is owned by AB InBev, has developed a campaign inspired by the “humble beginnings” of world-renowned brands such as Wimbledon and Stella Artois.
The integrated campaign, which was created by Mother London and is part of a five-year sponsorship deal with Wimbledon, features outdoor and digital activity, as well as a TV ad. It unfolds in Victorian London and tells the story of a young man who is trying to sell tickets to the very first Wimbledon. As no one has heard of -
Dot-Gap: Social Strategist
£70k:Dot-Gap:
Search strategist opportunity at the agency everyone wants to work at! You will be the head of all things social managing a growing team on a selectio
London (Central) -
Spectrum 360 Recruitment: Senior Account Manager – Advertising & Digital
£30k - £35k:Spectrum 360 Recruitment:
An exciting advertising agency in the premier league with a high creative rating is seeking an entrepreneurial Senior Account Manager for a new win.
London, Soho -
Spectrum 360 Recruitment: Account Manager – Advertising & Integrated
£28k - £32k:Spectrum 360 Recruitment:
Famous integrated advertising agency whose hallmark is creativity is seeking a “star” Account Manager looking for career investment
London, Soho -
Mustard Jobs: Mid-Senior Digital Designer
£28000 - £32000 per annum, Benefits: 0:Mustard Jobs:
One of the Worlds biggest brand names within product innovation and design are looking for Mid-Senior Digital Designer to join their growing digital team and
--- -- ---...
Malmesbury -
Salt: Email Campaign Specialist
£25000 - £45000 per annum + benefits:Salt:
My client, based in Greater Manchester, is an online gaming company who are seeking a talented Email Campaign Specialist to join their digital team. This is a fantastic opportunity for an experienced email marketer, with an interest in online gaming and m
Cheshire, Warrington -
Robert Half Recruitment: Campaign Manager
£45000 - £50000 per annum:Robert Half Recruitment:
Want to work from home for a global business as a Campaign Manager? Then check this out!
West End, London -
New media entity emerges in NZ
WELLINGTON: Sky Network Television, the largest pay TV firm in New Zealand, plans to merge with Vodafone NZ to create an integrated telecoms and media group that could bolster its ability to respond to new challengers, such as Netflix.If approved... -
Nakama: Junior Project Manager/Account Manager
£23,000 to £26,000:Nakama:
Nakama London are now recruiting for a leading ATL agency. Our client is looking for a Junior Project Manager/Account Manger to run a number of in...
London (Greater) -
Market Recruitment Ltd: Senior Digital Marketing Manager
£60 - 65,000 basic + 20% bonus, pension, healthcare, 25 days hols :Market Recruitment Ltd:
Are you looking for excellent career opportunities? Would the flexibility to WFH help? With their Q1 2016 results showing great revenue growth, in ...
London (Greater) -
Internet ad revenues hit new high
NEW YORK: Internet ad revenues in the US reached a record-breaking $15.9bn in the first quarter of 2016, surpassing last year's Q1 high of $13.2bn, according to the latest data from the Interactive Advertising Bureau (IAB).That equates to a -
GIFs offer mobile ad opportunity
NEW YORK: GIFs – looped videos generally lasting no more than five seconds – could become a powerful advertising format for mobile messaging apps and tools, according to a leading executive from Giphy.Alex Chung, Co-Founder/CEO of Giphy – a search... -
German publishers pool user data
BERLIN: Some of the largest publishing companies in Germany are joining forces to pool consumer data across a shared exchange as they seek to ramp up their challenge to US tech giants Google and Facebook.Axel Springer, Gruner +Jahr, Bertelsmann... -
Free shipping lures online shoppers
CHICAGO: Almost a third (31%) of US consumers now shop online at least once a week, but they are inclined to increase their e-commerce activity if retailers offer free shipping and other incentives, a new survey has revealed.Communications firm... -
Fill Recruitment: Freelance Account Manager [Direct Marketing] - Off Oxford Street Agency
to £185 / day:Fill Recruitment:
Freelance Account Manager [Direct Marketing] - Off Oxford Street Agency - to £185/day Direct and digital marketing experienced freelance Account Ma...
London (Central), London (Greater) -
Eden Marsh: Senior Project Manager (Maternity cover)
£45-50k:Eden Marsh:
Award-winning, global advertising company has the perfect role for a proactive, solutions-driven, responsive, delivery-focused Senior PM (maternity)
London (Central), London (Greater) -
Dot-Gap: Programmatic & Display Lead
£70k:Dot-Gap:
Really progressive client, integrating digital/data/tech perfectly into marketing department. Outstanding offices with relaxed, friendly feel. High pr
London (Central) -
DNA Recruit: Head of Clients Services - Award Winning Events Agency - London
£90000.00 - £100000.00 per annum + bonus & benefits:DNA Recruit:
A UK based Events agency with offices in two locations in the UK are looking for a Head of Clients Services to lead and nurture their team.
London -
Chinese millennials embrace novelty
SHANGHAI: Inquisitiveness and a willingness to try out new experiences are at least a couple of the characteristics that differentiate Chinese millennials from their Western counterparts, according to a China-based branding consultant.Julien...
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