Pandora is down almost 8% in after-hours trading after mildly disappointing Q2 results.
Pandora lost 12 cents per share, excluding certain items, slightly better than analyst estimates of a 14 cents-per-share loss. But the music streaming company only generated $343 million in revenue, missing analyst estimates of $351.3 million.
Pandora also lowered its revenue guidance for Q3, expecting revenue between $360 million and $370 million, below the $378 million expected by analysts.
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Pandora's stock is down almost 8% after disappointing Q2 results (P)
-
Something strange seems to be going on at Universal Studios Hollywood
Something strange is going on at Universal Studios Hollywood.The theme park has managed to attract a kind of customer not normally associated with the attraction: millennials.
Jeff Glueck, CEO of Foursquare, published a post on Medium discussing the company's analysis of amusement and theme parks, an $18 billion industry.
It found that the category overall has a pretty slow growth rate of just over 3% this year from Foursquare's US data.
Universal Parks & Resorts, the Comcast-owned comp -
Chart: These stocks will be the winners and losers from the rise of Uber and Airbnb
The rise of "sharing economy" companies like Uber and Airbnb will create plenty of winners and losers.
Some publicly-traded companies will see their businesses severely damaged by the new class of competitors, while others may be able to take advantage of the sharing economy trend.
In a new, 128-page report on the sharing economy's impact, UBS analysts laid out which stocks will be either positively or negatively impacted.
Analysts at UBS predict that the sharing -
Starbucks shares slide after sales miss (SBUX)
Starbucks shares fell after the company reported lower-than-expected quarterly sales.
After the market close on Thursday, the coffee retailer announced that it earned $5.24 billion in fiscal third-quarter revenue, missing the forecast of $5.34 billion, according to Bloomberg.
Its global comparable store sales — at locations open for at least one year — rose 4%, lighter than the forecast of 5.4%.
But its adjusted earnings per share matched Wall Street's forecasts at $0.49 — a re -
STOCKS FALL: Here's what you need to know
US stocks fell for the first time in 10 days on Thursday, temporarily ending a streak that took the market to new highs for the first time in over a year.
Intel shares fell the most on the Dow Jones Industrial Average, by 4%, after the company's earnings results on Wednesday showed that its most important business — the data center group — slowed last quarter.
First, the scoreboard:
Dow: 18,517.23 -77.80 (-0.42%)
S&P 500: 2,165.17, -7.85, (-0.36%) -
The business model that made McDonald's a fast-food powerhouse is crumbling
The fast-food business model is under threat.
Chains like McDonald's, Burger King, and Wendy's have long relied on cheap labor to keep menu prices low while still driving a healthy profit.
But the days of cheap labor could soon be over, turning the entire business model on its head, according to Deutsche Bank analyst Brett Levy.
The industry is facing unprecedented pressure to raise wages because of three major factors: a shrinking labor pool, local legislation increasing the minimum wage, and n -
Something really surprising just happened in the housing market
Something really surprising just happened in the housing market.
Existing home sales unexpectedly rose 1.1%, to a seasonally adjusted annual rate of 5.57 million, in June, according to the National Association of Realtors.
Economists had been anticipating sales to fall 0.9%, to a seasonally adjusted annual rate of 5.53 million, according to the Bloomberg consensus.
"Sales of existing homes were unexpectedly strong in June, edging up for the fourth consecutive month to a nine-year high and defyin -
Here's a controversial idea about China's economy that no one wants to hear
For years, economists have been saying that China needs to "rebalance" its economy, and the government is on board with this daunting project.
That means the country is attempting to move from an economy based on investment in industrial manufacturing to one based on domestic consumption driven by regular Chinese people working in the services sector.
That is, China has been moving toward fewer coal miners and construction workers in favor of more bankers and shopkeepers.
But what if w -
The Japanese yen is surging
The Japanese yen is spiking.
The currency strengthened by as much as 1.0% to 105.83 per dollar around 1:52 p.m. ET.
Earlier in the morning, Reuters reported, citing the BBC, that Haruhiko Kuroda, the Bank of Japan governor, said the central bank won't use "helicopter money" in its battle against deflation.
While it was later revealed the interview took place in mid-June, Reuters says the comments are similar to those made last week by a senior adviser to Prime Minister S -
The real-estate market is about to either take off or collapse
The real-estate market is one of the most important parts of the American economy.
And there's a lot of disagreement about where it's going next.
Housing is one of the largest sources of wealth for Americans, it drives other parts of the economy such as consumer spending, and the credit given out for mortgages keeps many financial institutions profitable.
Given the housing market's importance, economists and analysts spend quite a bit of time trying to figure out where t -
Nigeria's currency isn't as 'free' as we thought it would be
Nigeria finally did the painful thing everyone said it had to do: On June 20, it unpegged the naira from the US dollar and promised to pursue a flexible exchange rate system.
The currency fell by about 30% down to 280 naira per dollar that day, compared to the pegged rate of 197-198 per dollar.
However, one month later, it looks like Nigeria's currency isn't actually as free as was promised last month.
And the best way to see this is to look at a chart.
In a note to clients, John -
Gemini People: Senior Social Producer
£55000.00 - £60000 per annum + range of competitve benefits:Gemini People:
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Exxon just beat out a competitor for a $2 billion natural gas explorer (XOM, IOC, OSH)
Exxon Mobil is buying InterOil in a deal worth more than $2.5 billion.
In a statement on Thursday, Exxon said it will pay $45 per share for the oil and gas company, which has a market cap of about $2.4 billion.
In addition, InterOil shareholders will get an additional contingent resource payment of $7.07 per share for each trillion cubic feet equivalent (tcfe) of the Elk-Antelope field that's above 6.2 tcfe. The field, which is being certified for its size, could see InterO -
The steel rally is going to ‘fizzle out’ soon
Steel prices have rallied so far in 2016, but the increase in prices could be short-lived.
A new note from BMI Research predicts that steel’s rally in the first half of this year is going to fade in the second half, driven mostly by excess capacity pushing prices lower.The increase in prices was due mainly to Chinese demand: steel users restocking the metal, government stimulus measures in the housing market, and positive investor sentiment. Both exports and production rose significan -
Pandora rejected an offer to sell itself for over $3.4 billion, report says (P)
Pandora rejected an offer to sell itself for $15 dollars a share, a deal that would have valued the company at over $3.4 billion, according to The Wall Street Journal's Hannah Karp, Shalini Ramachandran, and David Benoit.The offer came from Liberty Media CEO Greg Maffei, whose company controls Sirius XM, but was more of a "fishing expedition" than a formal offer, sources told the Journal. Pandora's board "rebuffed the advance," primarily because it believes the company's value is close -
Unilever is ‘working twice as hard’ as it ups focus on speed and innovation
Unilever is putting its biggest global brands at the forefront of its innovation strategy as it looks to battle a challenging and “fast changing environment” following political instability caused by the US elections and the EU referendum.
In the company’s first half, turnover decreased by 2.6% year on year, but net revenue increased 2%. Consumer demand “remained weak”, it said, and market volume growth was negative in both Europe and North America.
Speaking on an i -
Founder of Maggie Semple on why visionaries should dare to be different
We spoke to Maggie Semple, founder of Maggie Semple LTD and one of our Vision 100 on what it takes to be a visionary.
Semple said that being a visionary is daring to be different, daring to be brave and sometimes being slightly disruptive. She said she could not name anyone in particular that she admires but that she admires the qualities of small businesses, as they are “dynamic and surprise you.”
She said the fact her team believe in what the brand is trying to do -
Samsung pushes ‘human’ marketing focus with Olympics campaign celebrating unity
Samsung has launched its marquee ad ‘The Anthem’ for the Rio 2016 Olympic Games, which features athletes such as Tom Daley and fans of various nationalities singing national anthems different to their own.
Opening with a young Australian girl singing the Botswana national anthem into a Samsung Galaxy S7 edge and also featuring an African school teacher taking a photo of her class with the phone, the dramatic ad shows athletes and fans of different nationalities seamlessly singing th -
Samsung celebrates inclusivity as fans sing different national anthems for Olympics campaign
Samsung has launched its marquee ad ‘The Anthem’ for the Rio 2016 Olympic Games, which features athletes such as Tom Daley and fans of various nationalities singing national anthems different to their own.
Opening with a young Australian girl singing the Botswana national anthem into a Samsung Galaxy S7 edge and also featuring an African school teacher taking a photo of her class with the phone, the dramatic ad shows athletes and fans of different nationalities seamlessly singing th -
Clients versus agencies on what role procurement should play
What the clients say…
Rebecca White, head of marketing and brand, Heathrow
“We talk about relationships a lot and I honestly believe the agency-client relationship is about the first five or six dates. You know after six dates whether or not this is the one. The process gives you that time to learn. Procurement is like the mum, figuring out whether this is the right person to be working with.”
Will Abbott, marketing director, Hiscox
“Allowing the rules to be bent or -
Focus on content or risk failure
Gavin MillerManaging director
In this age of constant business and marketing transformation, attempting to stay ahead of, or indeed keep up with technology is the single biggest challenge for businesses and brands.
We have seen new content marketing philosophies, principles and frameworks come and go and, increasingly, reporting and focus both appear to be on the channels rather than the content. But where is the focus on what fills the channels? And how does an organisation harness and leverag -
Brands need to focus on content or risk failure
Gavin MillerManaging director
In this age of constant business and marketing transformation, attempting to stay ahead of, or indeed keep up with technology is the single biggest challenge for businesses and brands.
We have seen new content marketing philosophies, principles and frameworks come and go and, increasingly, reporting and focus both appear to be on the channels rather than the content. But where is the focus on what fills the channels? And how does an organisation harness and leverag -
Marketing industry’s new minister promises to listen to Brexit concerns
Matt Hancock, the new minister for culture and the digital economy, used his first speech to an advertising audience to reassure the industry that he would listen to their concerns over Brexit and that he understands the important role it plays to the UK economy.
Speaking at the Advertising Association’s summer reception, Hancock laid out how despite the fact that the vast majority of the audience had voted to remain in the EU, it is now “encumbent on all of us to work to make the be -
Ad industry’s new minister Matt Hancock promises to listen to concerns over Brexit
Matt Hancock, the new minister for culture and the digital economy, used his first speech to an advertising audience to reassure the industry that he would listen to their concerns over Brexit and that he understood the important role it plays to the UK economy.
Speaking at the Advertising Association’s summer reception, Hancock laid out how despite the fact that the vast majority of the audience had voted to remain in the EU, it is now “encumbent on all of us to work to make the bes -
Understanding and categorising your strengths and skills
Making sense of our strengths, weaknesses, skills and our instinctive feelings about them can help us define our personal brand and guide our career choices. But how do we even start making sense of them?/>
Strengths based interviews these days ask what are you good at? And what do you enjoy? This would suggest that a strength can be ascertained from a positive response to both these questions. But what's the difference between a strength and a skill, and what happens to those areas that you -
Women spend on 'human resources'
MUMBAI:Middle-class women in emerging markets spend twice as much as men on people-centric purchases, new research has revealed.Ogilvy and Mather's -
Regan & Dean Recruitment Limited: Marketing Operations Manager - Financial Services
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Razor market battle sharpens
SANTA MONICA, CA: Unilever's $1bn acquisition of Dollar Shave Club not only pitches the company into another battle with FMCG rival Procter & Gamble, it also offers it a new stream of customer data to work with.Ownership of the irreverent... -
Modsy anticipates VR future
NEW YORK: Modsy, an interior design app letting users digitally explore what furniture will look like in their homes prior to purchase, is positioning itself at a "step before" virtual reality (VR) in anticipation of this technology moving towards... -
'Mindsets' can drive innovation
OXFORD: A new approach to understanding consumers' needs and the mindsets in play at certain occasions or within specific categories can enable brand owners to identify where their greatest opportunity lies, and target it accordingly.Writing in... -
Marketing in a multicultural nation
CHICAGO: US marketers need to stop thinking in terms of how to do multicultural marketing and instead focus on simply doing good marketing in a multicultural nation, an industry figure has said.There is a big difference between the two approaches,... -
Luxury prices rise in China
BEIJING: The price of luxury goods and services in China grew two and a half times faster than the general consumer price index in 2016, a continuation of a long-term trend, a new study has shown.According to the latest -
Hasson Associates: Senior Research Manager - 12 Months (Global Broadcaster- Media)
£53000 - £55000 per annum:Hasson Associates:
An exciting client-side opportunity has come up at a globally renowned broadcasting company to work within their insights team. The role will be focused on one of their most important brands, working on research for the TV channel.
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FT eyes programmatic CPH
LONDON: The Financial Times, which has championed the concept of "engaged time" as a basis for ad sales, hopes to sell such advertising programmatically in the future, a top executive has said. Last year the publisher reported the results of a... -
fishtank: Ecommerce Trading Manager
£30000 - £45000 per annum:fishtank:
Ecommerce Trading Manager Crewe, Cheshire Permanent - £30K - £45K per annumI have an exciting opportunity for a customer centric, knowledgeable Ecommerce Trading Manager, to join...
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EMR | Specialist Marketing Recruitment: Senior Insurance Account Manager
£60000 - £80000 per annum:EMR | Specialist Marketing Recruitment:
One of the world's leading professional services organisations has engaged us to recruit an experienced Senior Manager to join their global Account Management team in London.
London -
EMR | Specialist Marketing Recruitment: Marketing Data Analyst
£50000 - £55000 per annum:EMR | Specialist Marketing Recruitment:
I am looking for a Marketing Data Analyst to join the international marketing team at a cloud based Software Company.
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Creative Recruitment: Online Trading Manager
£50000 - £60000 per annum:Creative Recruitment:
Our client is a leading high street retailer currently looking for a Online Trading Manager to lead their inhouse team of 5.OverviewThis role is suitable for a digital trader with a proven track record of driving sales and profitability across territories
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Blue Skies Marketing Recruitment: Interim Head ofr Marketing - 5 month FTC - £50K pro rata - Gloucestershire
£45000 - £50000 per annum:Blue Skies Marketing Recruitment:
Interim Head of Marketing 5 mth FTC - £50k pro rata - Gloucestershire Immediately available and looking to work for an exciting and commercially driven Charity?...
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Aussie retailers overlook men
SYDNEY: Contrary to popular belief, many men do actually like shopping and a significant proportion of men in Australia and New Zealand love it, according to a new survey.AMP Capital Shopping Centres, which owns 27 shopping centres in Australia... -
Aardman Animations Ltd: Designer - Marketing
c£23 – 25k depending upon experience:Aardman Animations Ltd:
Start Date: ASAP Contract: 6 Month Fixed Term Contract initially Hours: 37.5 Hours per Week, worked 9.30am – 6pm Salary: c£23 – 25k depending upon...
Bristol (City Centre), City of Bristol
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