Bill Ackman wants to shake things up at Chipotle.
In a regulatory filing on Tuesday, his hedge fund Pershing Square disclosed a 9.9% stake in the fast-food chain, and said it is seeking talks with the company.Shares of Chipotle jumped following the news. Ackman's stake makes him the second-largest shareholder in the company."The Reporting Persons [Pershing Square] believe that the Issuer’s Common Stock is undervalued and is an attractive investment," the 13D filing stated.
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Bill Ackman just took a massive stake in Chipotle and wants to shake things up (CMG)
-
STOCKS CLIMB: Here's what you need to know (SPY, SPX, DJI, IXIC, USO, WTI, OIL)
Stocks rallied a bit on Tuesday, even after the most important sector of the US economy grew at its slowest pace in 6 years.
First, the scoreboard:
Dow: 18,538.12, +46.16, (0.25%)
S&P 500: 2,186.48, +6.50, (0.30%)
Nasdaq: 5,275.91, +26.01, (0.50%)
WTI crude oil: $44.88, $0.44, (+1.0%)
10-year yield: 1.537%, -0.060, (-3.73%)
The most important sector of the US economy grew at its slowest pace in 6 years. The monthly non-manufacturing purchasing manager's index on the servi -
Wireless headphones are still way less popular than wired ones (AAPL)
Apple’s got a new iPhone coming tomorrow, and the biggest expected change might not be much of an “upgrade” at all: the removal of the 3.5mm headphone jack. There’s been an unhealthy amount of words spilled on why Apple wants to remove a ubiquitous standard from the most popular smartphone in the world, but the general consensus seems to be that wireless headphones are finally ready to become the norm.
But as this chart from Statista shows, that won’t make the trans -
Allergan's CEO wants to be the drug industry's good guy (AGN)
Drug prices are in the national conversation again, this time with the focus on the EpiPen, an emergency injection used to treat extreme allergic reactions that has increased in cost by more than 500% since 2007.
At the heart of this debate lies a straightforward question: Who do drug companies serve — their shareholders, or patients who use the drugs?
Brent Saunders, the chief executive of Allergan — one of the largest and fastest-growing drugmakers — says the answer can be bo -
The '007' bond market is changing everything
Bond yields are historically low, and that's affecting every corner of the market.
To Peter Oppenheimer, a strategist at Goldman Sachs, the drop in bond yields is so intense it borders on fictional.
"Anyone linking 007 to a bond today might as easily be referring to the yield on government debt as to the synonymous fictional character," Oppenheimer wrote in a note to clients.
"Not so long ago, the idea that bond yields, and yields in general, could fall to current levels would have seemed as big -
The maker of the EpiPen is being investigated for antitrust violations in New York (MYL)
Anger over high drug prices has put EpiPen maker Mylan in the news recently, but the company is now being investigated over another potential issue altogether.
The price of the EpiPen, a device used in emergencies to treat severe allergic reactions, has risen by 500% since Mylan acquired it in 2007.
Now, New York Attorney General Eric Schneiderman is asking questions about whether Mylan violated antitrust laws with its EpiPen4Schools program, a potential issue Stat -
One devastating picture of a Wall Street trading floor says it all
We've written plenty over the last few days about the brutal conditions on Wall Street.
More than 10,000 front-office jobs have been cut across the top 10 banks since 2011, and that number could swell, as 2016 revenues have disappointed. There are rumors flying around about fresh cuts in the next couple of months.
And this image, tweeted by Liz Ann Sonders, chief investment strategist at Charles Schwab & Co., really says it all.Living in the next CT town, sad to see what's become of once-lar -
CUBAN: There is 'no doubt in my mind' the market will crash if Trump wins
Mark Cuban is bearish on the stock market in the event of a Trump presidency.
In an interview with Fox Business' Neil Cavuto on Tuesday, the investor and reality-TV star said that the uncertainty from a win by Republican presidential candidate Donald Trump would cause a collapse in the stock market.
Cuban previously expressed this view, but he reiterated it in Tuesday's interview.
"In the event Donald wins, there is no doubt in my mind the market tanks," Cuban said.
Cuban has not been a fan of T -
The government is trying to figure out how to stop people from cheating Obamacare
The government is trying to make some changes to the Affordable Care Act, also known as Obamacare, to try to weed out those gaming the system.
In a release Tuesday, the Centers for Medicare and Medicaid Services said it plans to roll out a pilot program to assess the effect of more stringent requirements for people signing up for insurance through the ACA's public exchanges outside of the open enrollment period.
In theory, only those in special situations — such as people losing employer-b -
The dollar is tumbling
The dollar is plunging after the most important sector of the US economy — the services sector — grew at its slowest pace in 6 years.
The US dollar index is down by 0.9% at 95.00 as of 12:07 p.m. ET.
Earlier, the Institute of Supply Management reported the monthly non-manufacturing purchasing manager's index on the service sector fell to 51.4 for August, down from 55.5 in July, and below expectations of a slight dip to 55.
That's the lowest reading since -
Weetabix aims to ‘bust the myth that all cereal is created equal’ to combat sugar fears
Weetabix will be rolling out the traffic light system across all its variants including On The GoWeetabix is introducing a traffic light system on pack to bust myths around the sugar levels in breakfast cereal and build trust with consumers by “informing them about what they are putting in their baskets”.
Mintel data shows that 52% of those who eat breakfast cereals say they check the sugar content before choosing a new cereal and 31% say concerns over sugar content have caused them -
How to create on-demand experiences for today’s highly demanding consumers
Customers in today’s on-demand world have become accustomed to getting what they want, when they want. Any brand that cannot live up to these demands faces criticism for failing to offer a seamless customer experience.
Amazon has been credited with setting the gold standard for online customer experience, taking its offer up several notches with the UK debut of one-hour delivery service Prime Now in June 2015 and the launch in August of its Dash Button, a service that allows -
How to create an on-demand experiences for today’s highly demanding consumers
Customers in today’s on-demand world have become accustomed to getting what they want, when they want. Any brand that cannot live up to these demands faces criticism for failing to offer a seamless customer experience.
Amazon has been credited with setting the gold standard for online customer experience, taking its offer up several notches with the UK debut of one-hour delivery service Prime Now in June 2015 and the launch in August of its Dash Button, a service that allows -
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A new poll shows Trump ahead of Clinton – here's what that really means
A CNN/ORC poll released Tuesday shows a tight race coming out of the Labor Day weekend. Republican nominee Donald Trump has a slight lead over Democrat Hillary Clinton:
Trump: 45%
Clinton: 43%
The pollster surveyed a random sample of 1,001 Americans. Trump's lead is within the poll's margin of error of 3.5%, so it suggests the race is essentially tied — although, as we'll see, for a candidate it's better to be ahead even within the margin of error. And it's possible the poll is way off an -
LARRY SUMMERS: Janet Yellen just made a call that could tarnish her legacy at the Fed
Larry Summers is worried about Federal Reserve Board Chair Janet Yellen.
In a piece in The Washington Post published Tuesday, Summers argues that Yellen's speech at August's Jackson Hole Symposium could rank with one of the most infamously bad calls in Fed history.
Here's Summers (emphasis mine):
"My second reason for disappointment in Jackson Hole was that Federal Reserve Board Chair Janet L. Yellen, while very thoughtful and analytic, was too complacent to conclude that 'even if average intere -
The Russia-Saudi oil cooperation is actually a sign of 'extreme economic duress'
Saudi Arabia and Russia agreed on Monday at the G-20 summit in China to cooperate on oil and to create a "working group" to stabilize markets. This comes just weeks ahead of the informal oil talks to be held in Algiers, Algeria, on September 26 and 27.
However, the two oil powerhouses didn't announce any concrete action plan, which had some analysts wondering whether this latest development would actually lead to anything — especially given that Khalid al-Falih, Saudi Arabia's oil minister -
Jarlett de Grouchy: International Sales Director
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Sales Director - Professional Hair - Global role!London -
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The most important sector of the US economy grew at its slowest pace in 6 years
Growth in the US service sector slowed to a six-year low in August, according to the Institute of Supply Management.
The monthly non-manufacturing purchasing manager's index on the service sector came in at 51.4 for August. That's the lowest reading since February 2010, when the index pulled out of contractionary territory for good following the Great Recession.
The index is still above 50, indicating that the service sector remains in expansion.
Economists had forecas -
10 things in tech you need to know today (FB, AAPL)
Good morning! Here's the technology news you need to know this Tuesday.
1. Former Guardian editor Alan Rusbridger says Facebook took around £20 million of its online ad revenue last year. Rusbridger blamed the social network for missing revenue predictions.
2. There's another big clue that Snapchat is working on hardware. It joined the industry group that maintains the Bluetooth standard, another sign that Snapchat glasses are on the way.
3. SoftBank has officially completed its acqui -
Here's why healthcare costs seem as if they're skyrocketing
Healthcare costs are actually growing at the slowest rate in decades, Business Insider noted last week.
Based on reader reactions, however, this idea produced a bit of cognitive dissonance. And with good reason, according to data from Neil Dutta at Renaissance Macro Research.
Dutta, the head of US economics for Renaissance, pointed out that the two measures of healthcare services inflation — Personal Consumption Expenditures and Consumer Price Index — are very different.
For PCE, hea -
How Pernod Ricard is using the Internet of Things to bring ‘the product, experience and consumer together’
Pernod Ricard is looking to introduce the Internet of Things (IoT) technology to more of its brands as it hopes to disrupt the market place and create an “ongoing conversation” with consumers.
Its Malibu brand has already turned 40,000 bottles into ‘digital touchpoints’, offering consumers access to exclusive content simply by tapping their smartphone on the bottle.
Speaking at its 2015/2016 full year results roundtable this morning (6 September), Pernod Ricard UK’s -
Get ready for the 'return of volatility' (SPY, SPX, DJI, IXIC, XWD, IWIM)
With Labor Day behind us and summer unofficially over, markets should get busy again.
"I think September and October could live up to their reputation for the return of volatility in the markets," Jeff Kleintop, chief global investment strategist at Charles Schwab, told Business Insider on Friday.
"I wouldn't be surprised to see a correction take place again. It's been a while," Kleintop said. "We're probably due for a little bit of a pullback."
Volatility could fling stocks either upward or dow -
Morgan Stanley's top stock strategist has 4 reasons the stock market is going a lot higher
Morgan Stanley's Adam Parker is bullish, and he has a few reasons.
The chief equity strategist for Morgan Stanley has been confused by the market this year, but he says there are now four definitive reasons the stock market is heading higher.
The strategist raised his 12-month price target for the S&P 500 to 2,300 from 2,200 and said that by the end of the economic cycle the market could be much higher than that.
His reasons for near-term bullishness are:
"Bond yields are so low and seem ris -
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Well-loved charity, based in Salford Quays, is looking for a Social Media Executive/Manager to join their digital team.
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Up to £75k plus benefits:The Jefferson Group:
Our client is a successful independent full service digital marketing agency who's primary focus is understanding the business as well as the user....
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Recruitment Genius: Digital Designers - All Levels
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They are building a new design studio in the heart of London's Soho.
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Live Recruitment: ACCOUNT MANAGER - CREATIVE MARKETING AGENCY
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Impact Creative: Marketing Executive
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A Marketing Executive is required for this permanent job based in Central London paying circa £30K. You will be heavily involved with all aspects of ...
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FourFourTwo are recruiting for an International Account Director, responsible to generate revenue from clients in the international football market
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c. £30k:ADLIB:
Good news. One of the South Coasts most prestigious agencies is opening the doors of its digital marketing team to one brand new member. If...
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VW broke consumer laws, says EC
BERLIN/BRUSSELS: The emissions scandal that has caused damage to Volkswagen's reputation has taken another turn, after the European Commission (EC) found it had broken consumer laws in 20 EU countries.Citing sources within the EC, -
Tourism Australia taps Aussies for content
SYDNEY:Despite employing just two people in its social media division, Tourism Australia has developed the largest social media following of any brand in Australia.Tourism Australia got serious about social with the creation of the hashtag... -
The Met revamps, but challenges remain
NEW YORK/SYDNEY: The Metropolitan Museum of New York was unfazed by controversy around its rebrand as it sought to engage a younger audience, a former marketer at the organisation has revealed. "We had research that indicated (the logo) wasn't... -
Piracy is main threat to Asian pay-TV
SINGAPORE: New evidence shows that the pay-TV market in Southeast Asia is slowing as more consumers opt for streaming video online, but leading content providers believe piracy poses a greater threat to their industry.The troublesome issue of... -
P&G escapes real-time 'crap-trap'
NEW YORK: Marketers aiming to deliver real-time messaging on multiple channels risk falling into a content "crap-trap" unless they also champion creativity, according to Marc Pritchard, Chief Brand Officer at Procter & Gamble.Speaking at a... -
Loyalty drives brand growth
LONDON: There is a popular school of thought that regards brand penetration as the main factor in brand growth, but a leading researcher says loyalty is more important. Writing in Admap, Oliver Hupp, Global Director Brand Strategy & Tracking... -
HP wants more diversity in agencies
NEW YORK: BBDO, Fred & Farid, and a number of other leading agencies that work for HP have been told by the technology group that they must improve the diversity of their staff.Antonio Lucio, Global Chief Marketing and Communications Officer...
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