Sales & Marketing news

• AT&T reaches deal to buy Time Warner for more than $80 billion

  22-10-2016 19:48 via feedproxy.google.com
  
  AT&T has reached a deal to buy Time Warner for between $105 and $110 per share, The Wall Street Journal is reporting. 
  That puts the deal's value at more than $80 billion. 
  A formal announcement from the two companies is expected as soon as Saturday night.
  The deal will allow AT&T to expand into the television business, picking up channels like HBO and CNN. 
  Time Warner shares surged about 2.76% during after-hours trading. 
  Former Fox executive Pe
  
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• This 'surprising' chart should terrify anyone in the traditional money management business

  22-10-2016 19:35 via feedproxy.google.com
  
  Exchange-traded funds are hoovering up assets at an impressive rate.
  Yes, yes, I know you've heard that before. We've written about it plenty. The seemingly inexorable rise of these types of funds has everyone on Wall Street talking, with some even describing it as "investor socialism."
  The rise of ETFs has changed stock trading, is having an impact on the number of people employed in fund management, and may also be changing the quality of research produced by investment banks.
  A
  
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• Banks are giving away credit cards like it's 2008

  22-10-2016 18:34 via feedproxy.google.com
  
  Banks are giving away credit cards at a rate.
  Bank of America Merrill Lynch reported strong third-quarter earnings on Monday, and buried in the earnings release was this factoid: New US consumer credit card issuance hit the highest level since 2008.
  The bank issued 1.3 million credit cards during the three-month period, with total credit card loans for the period averaging $88.2 billion in the US and a further $9.7 billion outside the US.
  There was a similar story at Citigroup, where c
  
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• It's clear why support for legalizing marijuana is at an all-time high

  22-10-2016 18:03 via feedproxy.google.com
  
  Support for weed legalization in the US recently hit an all-time high, but looking at the industry, it's been a long time coming.
  Sixty-percent of Americans — up from 35% in 2005 — now support legalization, according to a Gallup poll from Wednesday.
  In addition, legal marijuana is on the ballot in five states in November, support among likely voters is well above 50% in in California, Massachusetts, Maine, and Nevada. Arizona, the fifth state with recreational marijuana appeari
  
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• MOELIS: There's one question every CEO in the world is asking themselves right now

  22-10-2016 17:31 via feedproxy.google.com
  
  "Am I prepared to meet that challenge?"
  That's the question the CEO of every company is asking themselves right now, according to Ken Moelis, founder of the Wall Street advisory house Moelis & Co.
  The challenge Moelis is asking about is the rise of technology.
  Business Insider sat down with Moelis a few weeks ago and discussed the way technology is changing every industry. He gave the example of the retail industry, which is having to produce higher-quality goods at lower prices while moving
  
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• Tesla is on the verge of completely changing the way it does business (TSLA)

  22-10-2016 15:05 via feedproxy.google.com
  
  Ever since Tesla entered the Elon Musk era, around 2008, the electric automaker has practiced a counterintuitive strategy: overpromise and under deliver.
  Musk and the team never live up to the ambitious expectations they establish, and for good reason. There is nothing to be gained from aiming low if you're trying to reinvent a 100-year-old technology like the automobile.
  That pattern was already due to be modified if not changed outright, as Tesla moves toward being a mass-market mobility
  
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• Restaurants are facing a problem they haven't seen since the recession

  22-10-2016 14:57 via feedproxy.google.com
  
  Grocery prices are getting lower — and it's causing major problems in the restaurant industry.
  The price gap between dining out and eating at home is growing, with the prices for food away from home increasing by 0.2% in September, while the cost of food at home declined by 0.1%, according to data from the US Bureau of Labor Statistics.
  The reason for the gap, according to a note from an analyst at Wedbush Securities, Nick Setyan, can be traced to growing labor costs and falling food costs
  
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• Investment banks to mattresses: Here are 13 companies complaining that the US presidential election is impacting business

  22-10-2016 12:00 via feedproxy.google.com
  
  Businesses are nervous about the US presidential election.
  Based on executive commentary during their firm's quarterly conference calls, a lot of CEOs and CFOs have a sharp eye on the contest between Republican Donald Trump and Democrat Hillary Clinton.
  As we've noted before, companies typically find a seemingly non-economic event — Brexit, the weather, and so on — to help pin down just why they did not meet expectations or why they could have done better.
  While this may or may not b
  
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• AT&T 'near an agreement' to buy Time Warner in multibillion dollar deal (T, TWX)

  22-10-2016 01:41 via feedproxy.google.com
  
  AT&T reached a preliminary agreement Friday to acquire Time Warner for an estimated $85 billion, Reuters reported.
  The blockbuster deal that would allow AT&T to pick up channels like HBO, CNN and film studio Warner Bros could be announced by Sunday, the report said. 
  The two companies are said to be “near an agreement” in a deal that would value Time Warner at about $110 a share, according to Bloomberg.
  Earlier on Friday, The Wall Street Journal reported 
  
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