Sales & Marketing news

• STOCKS TANK, DOW FALLS 200: Here's what you need to know

  11-10-2016 22:00 via feedproxy.google.com
  Stocks fell well into the red for the day as earnings season kicked off with a miss.
  All three indexes declined by at least 1% in trading, led by the tech-heavy Nasdaq. Additionally, oil stumbled a bit while the bond market also sold off.
  We've got the headlines, but first, the scoreboard:
  Dow: 18,126.40, -202.64, (-1.11%)
  S&P 500: 2,136.26, -27.40, (-1.27%)
  Nasdaq: 5,246.99, -80.88, (-1.52%)
  WTI crude oil: $50.77, -0.58, (-1.13%)
  10-year Treasury yield: 1.759%, +0.0
  
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• Square tried to sell Caviar to Uber, Yelp, and GrubHub (SQ)

  11-10-2016 21:59 via feedproxy.google.com
  
  Square was unable to find a buyer for its meal delivery service, Caviar. 
  That's according to a new report out from Bloomberg's Eric Newcomer and Selina Wang, which claims that Square talked to potential buyers like Uber, GrubHub, and Yelp, but couldn't find a buyer willing to pay the asking price, which Bloomberg reports was $100 million. 
  According the Bloomberg, the talks first began toward the end of 2015 and early 2016 after Square received inbound interest in Caviar. While U
  
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• Things are looking up for China

  11-10-2016 21:31 via feedproxy.google.com
  
  Economists are feeling pretty good about China's growth prospects.
  Morgan Stanley's Robin Xing and Jenny Zheng raised their GDP forecasts to 6.7% from 6.4% for this year, and to 6.4% from 6.2% for 2017, according to their report Monday. In spite of bearish calls from The International Monetary Fund, prominent investors, and even Chinese billionaires, Xing and Zheng think China's "strong fiscal support and better-than-expected external demand" war
  
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• Saudi Arabia has some 'self-inflicted wounds' from its battle for the oil market

  11-10-2016 21:04 via feedproxy.google.com
  
  OPEC's November 2014 decision to not cut production has been interpreted as the moment Saudi Arabia decided to go after market share rather than boost prices.
  Two years later — and after the cartel's recent surprise agreement to limit production at its upcoming November meeting — it's worth checking in to see how this strategy has worked for them.
  The verdict? Not so great, according to Michael Tran, commodity strategist at RBC Capital Markets. And that's at least in p
  
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• A large chunk of Americans think their healthcare is getting worse

  11-10-2016 20:50 via feedproxy.google.com
  
  A large chunk of Americans believe that they are getting worse healthcare than they used to.
  According to a Morning Consult poll sponsored by the American College of Emergency Physicians, 30% of Americans surveyed said that their healthcare coverage has gotten worse over the past year whereas only 15% said it has improved. 51% said it was generally unchanged.
  Additionally 24% of Americans said they had lost access to their doctor in the last year due to changes in their insurance
  
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• The last two months have been a nightmare for Samsung — here’s how they unfolded

  11-10-2016 20:13 via feedproxy.google.com
  Samsung has heeded the advice of analysts and reporters alike, shutting down production of the Galaxy Note 7. The flagship phone was meant to be Samsung’s counter to the iPhone 7 this fall, and while it earned glowing reviews upon launch, it simply wouldn’t stop blowing up. Now, the phone’s failure could cost the company up to $17 billion in lost sales.
  The chart from Statista below recaps just how the fiasco dragged along, from the first global recall a month ago to the f
  
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• Blink, and you would've missed that another agency is investigating the maker of EpiPen (MYL)

  11-10-2016 19:24 via feedproxy.google.com
  
  On Friday, Mylan, the maker of EpiPen, announced that it had reached a $465 million settlement with the US Department of Justice for overcharging the government for the life-saving drug. Mylan will not admit to wrongdoing.
  The settlement came faster than most, and the news sent Mylan's stock soaring. But there was actually more bad news that came with it.
  If you just read the Mylan's statement, and not the document it filed with the SEC, you missed that the SEC has opened its own
  
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• A big player might be about to get back into the cocaine trade — here's how one of the world's most valuable illegal drugs gets made

  11-10-2016 19:07 via feedproxy.google.com
  
  A historic peace deal between the Colombian government and left-wing Revolutionary Armed Forces of Colombia (FARC) rebels faltered earlier this month, when voters narrowly rejected the accord in a national vote.
  The deal's defeat is not the end, as both sides have agreed to talk further, with Colombians who opposed the deal playing a larger role.
  But for the time being the peace process is in limbo, and the FARC rebels — who began to emerge from jungle redoubts and criminal activitie
  
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• The world economy is stuck in a 'rolling cycle of crises'

  11-10-2016 19:03 via feedproxy.google.com
  
  We haven't seen the last of the 2008 debt-fueled crisis.
  In an interview on Tuesday, Charles Schwab's chief investment strategist, Liz Ann Sonders, told Business Insider's Henry Blodget that the massive debt buildup in the economy hit a wall in 2008, leading to the global financial crisis, and that the fallout from that crisis was still causing problems in economies throughout the world.
  Sonders noted that total debt — public, private, nonfinancial, and financial — had become 350% of
  
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• The Swedish krona is getting smashed after more disappointing inflation data

  11-10-2016 18:46 via feedproxy.google.com
  
  The Swedish krona is getting smashed after some disappointing inflation data.
  The currency is down by 1.9% at 8.8172 per dollar following data showing that consumer prices in Sweden ticked up by only 0.9% year-over-year in September. 
  That's below economists' expectations of 1.2%, and way below Riksbank's 2.0% target. 
  "Sweden's inflation rate has come in below market (and the Riksbank's) expectations for the last two months, which no doubt will reignite talks of further
  
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• Donald Trump says drugs are coming into the US 'at a record clip' — the numbers say something else

  11-10-2016 18:22 via feedproxy.google.com
  
  According to Donald Trump, "We're also letting drugs pour through our southern border at a record clip. At a record clip. And it shouldn't be allowed to happen."
  But the reality is somewhat different.Rather than a record flow, the amount of drugs coming over the US border with Mexico, measured by seizures by Customs and Border Protection, has trended down over the last five years.
  Marijuana seizures have declined the most, likely driven by changing regulations on the drug in the US.The amount o
  
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• The South African rand is getting destroyed

  11-10-2016 18:10 via feedproxy.google.com
  
  The South African rand is getting destroyed.
  The currency is down by 4.1% at 14.3757 per dollar as of 12:02 p.m. ET.
  The rand's plunge follows earlier reports that prosecutors issued South Africa's Finance Minister Pravin Gordhan with a formal summons to appear in court on fraud charges in November.
  "The National Prosecuting Authority denies that charges – which date back to Mr. Gordhan’s 1999-2009 stint as head of the South African Revenue Service – are pol
  
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• Dot-Gap: Partner Community and CRM Manager

  11-10-2016 17:50
  
  £55k:Dot-Gap:
  This client side job is all about specifically CRM. Amazing culture/people/product. If you know CRM, here's your big chance to shine. Apply now!
  London (Central)
  
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• Alain de Botton: Like sentimental artists, brands try too hard to pretend everything’s rosy

  11-10-2016 17:38
  
  At the root of some of the suspicion that business attracts is a trait that has long spoiled, and can be particularly well observed in, works of art. Luke Fildes was among the most respected English artists of the late Victorian period, illustrating books by Charles Dickens, painting the coronation of Edward VII and depicting moments in the lives of children and young lovers. He was – in addition – a profoundly sentimental artist.
  The determining mark of sentimentality is a resistanc
  
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• P&G boss wants to improve the ‘quality’ of its advertising

  11-10-2016 17:34
  
  P&G’s CEO David Taylor says it is planning to further increase its media investment after increasing it by $200m (£163m) in 2015, as it looks to increase cut-through and make its products “more relevant” in customer’s lives.
  Speaking at Procter & Gamble’s annual shareholder meeting today (11 October), Taylor said that even though organic sales are up 1%, the FMCG giant “still has to do better”.
  He said P&G is looking to invest more heav
  
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• 'His death would plunge the country back into political crisis'

  11-10-2016 17:28 via feedproxy.google.com
  
  The Thai King is in poor health — and that could pose risks to the country's political and economic situation.
  Palace officials recently stated that King Bhumibol Adulyadej's health is "not stable," and that he was being prepped for haemodialysis, which is used to treat kidney failure.
  "The failing health of the king adds another layer of uncertainty to an already highly unpredictable situation," argued Capital Economics' Krystal Tan and Gareth Leather in a note. 
  
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• Goldman flips its call to sell Caterpillar stock after watching it climb 31% this year (CAT)

  11-10-2016 17:25 via feedproxy.google.com
  
  Goldman Sachs has placed a buy rating on Caterpillar shares less than a year after telling clients to sell and after a 31% rally year to date.
  In a client note on January 25, Jerry Revich, an analyst, downgraded his rating on Caterpillar shares to sell.
  He forecast an extended slump in commodity prices and lower infrastructure investment. That wouldn't be good for Caterpillar, which is the largest supplier (by market cap) of heavy machinery to the mining and construction industries.
  Revich in Ja
  
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• Wells Fargo doesn't want you to know that its scandal really hasn't hurt the bank

  11-10-2016 16:29 via feedproxy.google.com
  
  Wells Fargo's reputation has taken it on the chin for the past month.
  The scandal surrounding the opening of 2 million accounts without customers' consent by retail-banking employees has forced CEO John Stumpf to testify before Congress and led the California and Illinois governments to suspend business with the bank for 12 months.
  This has been a huge hit to the image of Wells Fargo, but according to The Wall Street Journal, it hasn't affected the business too much.
  According to a report f
  
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• Samsung looks to head off long-term brand damage as it scraps Galaxy Note 7

  11-10-2016 16:17
  
  Samsung has ended production of the Galaxy Note 7 as it looks to head of long-term damage to its brand after reports that replacements sent out to customers due to safety issues also caught fire.
  A number of the devices were reported to have overheated, caught fire or exploded, with some airlines warning customers they would not be able to travel with the devices due to safety concerns. Samsung was forced to issue a global recall of the phones in September but replacement phones were also r
  
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• Illumina is crashing after giving investors terrible news about its revenue (ILMN, PACB)

  11-10-2016 16:15 via feedproxy.google.com
  
  Shares of Illumina plunged 25% in early trading on Tuesday after the company announced preliminary third-quarter results that missed both its earlier guidance and what analysts were expecting.
  The biotech company said after the market close on Monday that it earned about $607 million in revenue last quarter, while analysts had forecast $628.2 million, according to Bloomberg. The company had estimated revenue of between $625 million to $630 million. 
  "The shortfall in quarterl
  
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• Trump says America's 'inner cities' are a disaster — here's proof they're not

  11-10-2016 16:02 via feedproxy.google.com
  
  During Sunday night's presidential debate, Republican Donald Trump called the "inner cities" of the US a "disaster."
  "It's devastating what's happening to our inner cities," Trump said, continuing the picture of urban decay he has painted at campaign rallies for months.
  "You go into the inner cities and you see there's 45% poverty ... in the inner cities," he said at the debate. "The education is a disaster. Jobs are essentially nonexistent. I've been saying that [in] big speeches ... what do yo
  
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• Market legend Art Cashin revisits Germany's hyperinflation nightmare

  11-10-2016 16:00 via feedproxy.google.com
  
  Every now and then it helps to dig through the past.
  Let's rewind back to 1920s Germany.
  Back then the country was stuck in a less-than-ideal economic situation after the suspension of the gold standard and Kaiser Wilhelm II's failure to pass an income tax to help pay for World War I.
  So, to deal with the huge debts left over after the Great War, the president of the country's central bank, Rudolf von Havenstein, printed up a ton of money.
  But that plan backfired. It led to skyrocketin
  
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• Here's the brutal presentation that led Buffalo Wild Wings to shake up its board

  11-10-2016 15:58 via feedproxy.google.com
  
  Buffalo Wild Wings is shaking up its board two months after an activist investor publicly ripped apart the company.
  On Tuesday, the company announced it was appointing three new independent directors, with appointments effective immediately.
  With the new members and the retirement of two directors, Dale Applequist and Warren Mack, Buffalo Wild Wings is increasing the size of its board to nine people from eight.
  James Damian, the chairman of Buffalo Wild Wings' board, said in a statement on Tuesd
  
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• The sponsorship model is broken – here’s how to fix it

  11-10-2016 15:14
  
  Virgin Media is subsidising the train fare for every away fan travelling to Southampton’s St Mary’s Stadium.Traditional sponsorship models are repetitive, boring and could leave brands at a disadvantage. That is the view of former Coca-Cola GB marketing director Bobby Brittain, who argues that being a top sponsor for global events such as the Olympics is a model that “no longer functions”.
  Talking at an Oystercatchers event last month (13 September), he admitted 
  
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• Mark Ritson: Is content marketing a load of bollocks?

  11-10-2016 13:25
  
  When I was about 12 I had a very good friend who lived a few doors down called Richard. One day he came up to me after school and very excitedly announced that he had a secret to tell me. After much stage whispering and dramatic pauses he told me about a tramp living out on the outskirts of our village who he had got to know and who was relying on him to bring him food. If I wanted, I could supply some of the food and come out with him the next evening to meet “Stig”.
  Very excited an
  
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• Is content marketing a load of bollocks?

  11-10-2016 13:25
  
  When I was about 12 I had a very good friend who lived a few doors down called Richard. One day he came up to me after school and very excitedly announced that he had a secret to tell me. After much stage whispering and dramatic pauses he told me about a tramp living out on the outskirts of our village who he had got to know and who was relying on him to bring him food. If I wanted, I could supply some of the food and come out with him the next evening to meet “Stig”.
  Very excited an
  
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• Transport media to rival broadcast

  11-10-2016 02:00
  
  LONDON: Transport for London (TfL) could become a media owner to rival broadcaster ITV, if the head of Exterion Media succeeds in his ambitions to revolutionise out-of-home advertising by using passenger data. "If you look at the online world,...
  
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• SG Search and Select: Ambitious Consumer Account Director/Senior Account Director - PR in Creative Agency

  11-10-2016 02:00
  
  up to £50,00 plus great benefits including health and gym membership:SG Search and Select:
  Amazing opportunity for ambitious AD/SAD looking for a new challenge to help grow the PR team of major creative agency - famous brands
  London (Central), London (Greater)
  
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• Most content 'average', says Morel

  11-10-2016 02:00
  
  BALI: Low-quality content marketing can be attributed to limited creative talent and the cost of producing high volumes of content for digital channels, says a former global agency CEO. Daniel Morel, who recently retired after 14 years as global...
  
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• Indian mobile adspend to double

  11-10-2016 02:00
  
  MUMBAI: India's mobile adspend is set to more than double over the next two years, according to a new report which notes that the e-commerce and BFSI (Banking, Financial Services and Insurance) sectors are leading the way.The
  
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• Haymarket Media Group: Campaign Executive - Haymarket Media Group - Data Operations

  11-10-2016 02:00
  
  Dependent on Experience:Haymarket Media Group:
  Haymarket are recruiting for a Campaign Executive, working closely with marketing users to gain an in depth understanding of their data needs
  Twickenham, London (Greater)
  
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• General Motors considers new metrics

  11-10-2016 02:00
  
  NEW YORK: General Motors, the automaker, is looking to potentially supplement its existing marketing metrics with new measures of success developed alongside partners such as Facebook.Mary Barra, Chief Executive Officer of the Detroit-based...
  
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• E-commerce drives retail experience

  11-10-2016 02:00
  
  LONDON: E-commerce continues to change consumers' expectations of the retail experience, as businesses like Amazon raise the bar in terms of service and delivery and put pressure on marketers to deliver across multiple paths to purchase in both the...
  
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• Duracell wins top multicultural award

  11-10-2016 02:00
  
  LOS ANGELES: "Stay Connected", a campaign by Anomaly for the Duracell battery brand which told the story of how a grandfather overcomes a hearing disability, has won the Best in Show award in the ANA Multicultural Excellence Awards competition.In...
  
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• Brands should tap China's influencers

  11-10-2016 02:00
  
  SINGAPORE: The online influencer (Wang Hong) market in China is big, about to get bigger and brands are only skimming the surface of the possibilities it offers, according to industry figures."It's definitely not a bubble," said Maggie...
  
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• Bespoke Retainment Group: Senior Marketing Executive

  11-10-2016 02:00
  
  £25,000-£32,000 + Excellent Benefits Package:Bespoke Retainment Group:
  Are you working for an agency and looking to make that switch to client side or currently working in-house and looking to take a step up?
  Manchester, Greater Manchester
  
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• ANA forms new multicultural group

  11-10-2016 02:00
  
  NEW YORK: The Association of National Advertisers (ANA) is forming a new group to pursue the "advancement of multicultural marketing", with founding members including Anheuser-Busch, Coca-Cola and Procter & Gamble.One of the main objectives to...
  
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