Sales & Marketing news

• Wells Fargo's former CEO just resigned from the boards of Target and Chevron (WFC, TGT, CVX)

  18-10-2016 22:45 via feedproxy.google.com
  
  Recently retired Wells Fargo CEO John Stumpf has resigned as a board member of Target and Chevron.
  Regulatory filings from both companies on Tuesday contained the news.
  "Mr. Stumpf resigned for personal reasons and not as a result of a disagreement with Chevron," the energy company's filing said.Target did not cite a reason. 
  Wells Fargo last week announced Stumpf's retirement from the bank after a scandal erupted over the improper opening of more than 2 million fake acc
  
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• It looks as though there's only one thing big drug companies are afraid of

  18-10-2016 22:24 via feedproxy.google.com
  
  As earnings season marches along, it's increasingly clear that there's only one thing that scares big drug companies, and that's losing pricing power to other actors in the healthcare market.
  Based on what we're seeing, some of that power is already slipping away. And mostly the drug companies are scared they're losing it to pharmacy benefit managers, or PBMs.
  I'll explain.
  PBMs are companies that manage the list of drugs that insurers or other payers will or will not pay for. Increasingly, they
  
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• Marissa Mayer insists Yahoo's Verizon deal is still on track as core revenue plunges 14% in Q3 (YHOO, VZ)

  18-10-2016 22:09 via feedproxy.google.com
  
  Yahoo tried to reassure Wall Street that its $4.8 billion deal to sell itself to Verizon was still on track, despite a massive security breach at the internet company that has thrown the acquisition into question. 
  Although the struggling internet company provided no details about the hacking incident or on any resulting negotiations with Verizon, CEO Marissa Mayer sought to portray a business-as-usual situation.
  "We are busy preparing for integration with Verizon. We remain very
  
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• Intel slips after guidance miss (INTC)

  18-10-2016 22:08 via feedproxy.google.com
  
  Intel just reported its third quarter earnings after the bell on Tuesday.
  It's a beat on earnings and revenue, but a miss on fourth quarter guidance. Investors aren't too impressed and Intel's stock is down ~3.5% in after hours.
  Here are the most important numbers:
  EPS (GAAP): $0.69 per share vs. $0.67 per share estimated
  EPS (non-GAAP): $0.80 per share vs. $0.72 per share estimated
  Revenue: $15.8 billion vs. $15.6 billion estimated (up 9% year-over-year)
  Intel repo
  
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• Everyone loves Google's new phone, and the stock has hit an all-time high (GOOG)

  18-10-2016 22:04 via feedproxy.google.com
  
  It's shaping up to be a good week for Google's parent company, Alphabet.
  Following a bunch of glowing reviews for Google's first smartphone, the Pixel, Alphabet's stock reached all-time highs Tuesday, reaching up to $801 per share.
  The Pixel, which is available this week, is just the first device of a slew of new hardware products from Google. In a few weeks, it'll release the Google Home connected speaker, a new router called Google Wifi, and a new version of the Chromecast that works with
  
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• UNITEDHEALTHCARE CFO: Obamacare is still losing us money but it's not getting worse (UNH)

  18-10-2016 21:41 via feedproxy.google.com
  
  The Affordable Care Act, better known as Obamacare, is still taking a serious chunk out of UnitedHealthcare's profits, according to its CFO, but at least it's not getting any worse.
  In the company's earnings call on Tuesday, Dan Schumacher, CFO of the main UnitedHealthcare division, said the firm is still losing money on the ACA business but those losses have not accelerated.
  In the second quarter, UnitedHealth increased its loss projections for 2016 by $200 million.
  "When you look at the perfor
  
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• Why the best-known investment bank in the world now wants to lend you money

  18-10-2016 20:50 via feedproxy.google.com
  
  Goldman Sachs has officially booked its first consumer loan.
  That's according to Chief Financial Officer Harvey Schwartz, who told analysts on a call following the release of third-quarter earnings Tuesday that he received word of the loan via email Monday night.
  Goldman, arguably the best-known traditional investment bank in the world, launched its online lending tool, Marcus, last Thursday.
  Technically, the firm had already tested the system by loaning real money to some employees. But Monday'
  
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• Credit Suisse traders are prepping one of the biggest hedge fund launches this year

  18-10-2016 20:32 via feedproxy.google.com
  
  Credit Suisse traders are prepping one of the biggest hedge fund launches this year.
  Qube, a quantitative-oriented hedge fund owned by Credit Suisse, has just opened its doors for business.
  The fund, which is led by Pierre-Yves Morlat, started approaching investors about raising funds in the last few months and now has $800 million committed to the fund, according to people familiar with the matter.
  It started trading at the start of this month with a little less than half that, or about $375 mi
  
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• Netflix is booming on the back of subscribers outside of the US (NFLX)

  18-10-2016 19:34 via feedproxy.google.com
  Netflix wowed Wall Street with higher-than-expected subscriber growth and healthy Q3 financial results on Monday, sending its stock up 20%.
  What drove that success? Well, as this chart from Statista shows, it’s all about international users. This past quarter, the company added 3.2 million international subscribers, miles more than the 370,000 it added within the US. After expanding to 130 nations en masse in January, and struggling with slower-than-desired growth thereafter, 45% of t
  
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• San Francisco — Wells Fargo's hometown — might ditch the bank (WFC)

  18-10-2016 19:28 via feedproxy.google.com
  
  San Francisco may be dropping Wells Fargo for city business after the bank's settlement with regulators over the opening of 2 million accounts opened in the names of customers without their knowledge from 2011 to 2015.
  John Avalos, a member of San Francisco's board of supervisors, announced a resolution on Tuesday that if passed would suspend city business with Wells, including the issuing of municipal bonds and using the bank's investment products.
  The move would be particularly symbolic given
  
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• Big money investors are dumping these 26 stocks

  18-10-2016 19:19 via feedproxy.google.com
  
  Credit Suisse has updated its list of "Large Cap Fading Stars."
  In a note sent out to clients on Monday, the bank listed 26 stocks that saw a big drop in large cap fund ownership during the second quarter, and says these names could be a good place to look for contrarian trade ideas.  
  The thought process being that since big money fund managers all decided to get out of these stocks at the same time, there is likely some value. Monsanto
  Ticker: MON
  Industry: Materi
  
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• Amazon could start offering its own internet service in Europe (AMZN)

  18-10-2016 19:06 via feedproxy.google.com
  Amazon is looking into possibly launching its own internet service in the European market, according to The Information's Amir Efrati and Martin Peers.
  That means Amazon would be able to start offering a broadband-video streaming package (through Prime Video), putting it in direct competition with other cable providers who offer similar services.
  The report doesn't offer a whole lot of details, but does note that Amazon's broadband service could first launch in the UK because the country require
  
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• One of the most powerful women in banking says she didn't take control of her own finances until her late 20s

  18-10-2016 18:30 via feedproxy.google.com
  Can you remember the moment when your relationship with money matured? Maybe you slipped into debt for the first time and promised yourself it'd never happen again. Or perhaps you realized the true cost of buying a home and set a goal to make it happen.
  In her new book, Reuters personal finance columnist Bobbi Rebell calls moments like these becoming a "financial grownup."
  In "How To Be A Financial Grownup," Rebell gathered stories from business and finance leaders like Tony Robbins, Jim Cramer,
  
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• How content marketing is helping Philips move into healthcare

  18-10-2016 18:05
  
  Content marketing is helping Philips to establish itself as a thought leader in healthcareWhy is content marketing important to the Philips brand?
  We’re at a transformational period in our history at Philips, moving from a company known for its TVs, radios and lightbulbs to a global player in the healthcare space. Content marketing is a great way to become a thought leader in that space and build trust and loyalty with both consumers and healthcare professionals who may not have traditiona
  
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• The big debate: Is content marketing really nonsense?

  18-10-2016 18:03
  
  Red Bull is one brand that famously invests heavily in its own contentMarketing Week columnist Mark Ritson has once again stirred up an intriguing – and at times heated – debate about the fundamentals of marketing strategy. His column last week, ‘Is content marketing a load of bollocks?’, had at the time of writing notched up over 60 comments and plenty of discussion on social media, as Ritson questioned the wisdom of a profession in which ‘content’ is often s
  
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• Why video is not just about cinematic content and sexy car brands

  18-10-2016 17:59
  
  Video was the fastest growing digital ad sector in 2015, according to the IAB’s latest findings, with spend up 129% to £298m. And that surge in spend has unsurprisingly piqued the interest of publishers. AOL, Buzzfeed, Yahoo and Vice are all pushing their own video content and opening up in-house production studios as they look to convince brands they should be the platform of choice for marketers’ budgets and look to stop Google and Facebook racing awa
  
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• A $3.8 trillion fund-management giant has a fix for the bond market

  18-10-2016 17:50 via feedproxy.google.com
  
  Vanguard, the asset management giant with $3.8 trillion under its belt, has a few things to say about the bond market.
  The fund manager just published commentary on "innovation and evolution in the fixed income market," looking at trends in bond liquidity and trading.
  You'll recall, falling liquidity in the bond market is a problem that traders have been crying about for a while now. The argument is that it makes trading in large sizes harder, and bond prices more volatile. 
  But V
  
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• The Great & The Good: Account Executive

  18-10-2016 16:29
  
  £20000 - £22000 per annum + significant benefits :The Great & The Good:
  Lovely opportunity for an Account Executive to join a thriving integrated agency in the heart of town.
  London
  
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• Why Netflix sees YouTube and Snapchat as competitors

  18-10-2016 13:48
  
  Netflix has admitted that it still has “a lot of catch-up to do” if it wants to compete with digital competitors like Snapchat, and plans to gain market share by “winning affection” among consumers.
  Speaking on a Q3 investor call yesterday (17 October), the streaming brand’s CEO Reed Hastings told analysts that it is not too worried about Amazon’s video offering, as other digital firms are more important to focus on.
  “We think about it as share of screen
  
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• Why marketers should take notice of Amazon and Google’s connected home launches

  18-10-2016 13:17
  
  The launch of Google Home next month will lend Google a physical presence in the connected homeWhenever technology giants like Amazon and Google enter a market, other brands tend to sit up and pay attention. In recent weeks both companies have taken big steps into the connected home, with Amazon launching its Echo home hub device in the UK and Google unveiling its Home controller during a press event this month. Besides pitting each brand against the other in the fight for supremacy over the &ls
  
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• ‘We will do everything to minimise food inflation’ says Tesco’s UK boss

  18-10-2016 13:05
  
  Tesco is committed to fighting against the “bad idea” of food inflation, according to the supermarket giant’s UK CEO Matt Davies.
  Just last week the grocer was involved in a high-profile dispute with Unilever after the FMCG giant asked Tesco to raise the prices of products such as Marmite by up to 10% in a bid to offset the higher cost of importing from abroad and the falling value of the pound.
  And Davies, speaking today (18 October) at IGD’s Big Debate conference, said
  
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• Asos: ‘We are already awesome at mobile and we’re going to get better’

  18-10-2016 12:56
  
  Asos saw more than half its orders come through mobile devices for the first time in the six months to the 31 August as its focus on making the mobile experience cleaner and faster helped boost conversion.
  The online retailer said 51% of orders came through mobile, up from 44% six months ago. While Asos had its first month when mobile accounted for 50% of orders in February, this is the first time it has managed to maintain that level for a full half-year.
  Mobile also accounts for 69% of i
  
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• DNA Recruit: Account Director - Integrated Agency - London

  18-10-2016 12:05
  
  £50000.00 - £55000.00 per annum:DNA Recruit:
  This is an amazing opportunity for a football fan to work on one of the worlds best known booze brands.
  London
  
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• Sainsbury’s boss Mike Coupe: It is ‘nonsensical’ to doubt Argos acquisition

  18-10-2016 11:53
  
  Sainsbury’s chief executive Mike Coupe has dismissed doubts over its £1.4bn acquisition of Argos, saying that while some shoppers are “indifferent” to Argos concessions appearing in its store others are “super enthusiastic” and that the idea the two brands can’t work together is “nonsensical”.
  Speaking today (18 October) at IGD’s Big Debate 2016, Coupe acknowledged that there are “doubts” over the crossover potenti
  
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• Tiger launches TGR

  18-10-2016 02:00
  
  IRVINE, CA: As his sporting career limps towards its end, Tiger Woods has created a new brand, TGR, that aims to exploit the golfer's global recognition while not limiting itself to that sport."I'm committed to building a legacy that goes beyond...
  
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• The cultural lens of Aussie ad viewers

  18-10-2016 02:00
  
  SYDNEY: Neuroscientific research has indicated that cultural upbringing can change how consumers process marketing messages, particularly in television commercials. In Australia, Dentsu Mitchell Media and Neuro-Insight evaluated a cross-section of...
  
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• Thai adland comes to a halt

  18-10-2016 02:00
  
  BANGKOK: Following the death of King Bhumibol Adulyadej last week, Thailand has entered a period of national mourning which will have wide-ranging effects on the country's media owners and advertisers. The government has issued media guidelines...
  
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• Planners need time to think

  18-10-2016 02:00
  
  LONDON:The speed of change in the advertising industry has brought many practical challenges, but one aspect that is frequently overlooked is "the luxury of thinking", according to Miles Young.The former global chairman and chief executive at...
  
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• Millennials warm to mobile email

  18-10-2016 02:00
  
  LOS ANGELES: Almost all US consumers claim to check the email address where they receive marketing emails at least once a day and younger consumers, especially, are doing so via their smartphones, according to a new study.Martech business Mapp...
  
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• Indian women face 'digital purdah'

  18-10-2016 02:00
  
  NEW DELHI: Many women in India are at risk of being left behind in the shift to digital as entrenched cultural attitudes limit their access to new technologies such as smartphones and the internet.India has one of the world's wider gender gaps as...
  
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• Content marketers look for metrics

  18-10-2016 02:00
  
  LONDON: Measurement is critical to content marketing with dedicated spend set to grow over the next year, according to a new study. The Measuring Effectiveness...
  
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• Colgate-Palmolive gets real time

  18-10-2016 02:00
  
  NAPLES, FL: Colgate-Palmolive, the FMCG manufacturer, is enhancing its ability to engage with consumers in a more real-time manner – presenting a variety of marketing opportunities on both a large and small scale.Mindel Klein Lepore,...
  
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