Sales & Marketing news

• Elon Musk has finally figured out how Tesla can deal with Uber (TSLA)

  29-10-2016 21:20 via feedproxy.google.com
  
  If you haven't been paying careful attention, you might have missed that Tesla has been eclipsed by Uber as the most interesting company in the world.
  Don't get me wrong: Tesla is still very, very interesting.
  But Uber has captured the startup Zeitgeist in the same way that Tesla did a decade ago and ridden that wave to a $60 billion-plus valuation, while Tesla has to content itself with a mere $30 billion market cap.
  Electric cars are just so 2010. In 2016, ride-sharing is the New New Thing, an
  
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• Wall Street's trading desks need a new fitness routine

  29-10-2016 21:03 via feedproxy.google.com
  
  Wall Street trading desks need a new fitness routine.
  That's a polite way of saying they're bloated, and they need to get leaner as costs rise and revenues fall.
  It's the conclusion of a survey of 3,000 investors by Kevin McPartland at Greenwich Associates.
  His primary conclusion — that trading operations need to get smarter, more focused on a smaller number of clients, and better at using technology — presents a challenge for Wall Street workers.
  "Changing a business model that has
  
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• Brevan Howard — one of the hedge fund industry's biggest names — is shrinking at a rapid rate

  29-10-2016 19:40 via feedproxy.google.com
  
  Investors in Brevan Howard, one of the hedge fund industry's biggest names, are asking for their money back.
  Brevan Howard Asset Management has received redemption requests for an additional $2 billion from the firm's flagship fund this year, according to people familiar with the matter.
  A Brevan Howard spokesperson declined to comment.
  That fund managed about $13.7 billion as of mid-September, according to HSBC. The latest redemption requests would take the fund down to around $11.7 billio
  
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• Morgan Stanley's CEO had some harsh words about the US election process

  29-10-2016 18:20 via feedproxy.google.com
  
  Morgan Stanley CEO James Gorman does not sound pleased with the US presidential election process.
  At Bloomberg's The Year Ahead conference in New York on Tuesday, Gorman said it would be more productive to focus on issues that most affect people's lives, rather than on the most opinionated things either candidate has said.
  "What can we sensibly say about this electoral process?" Gorman said. "One, is it goes for too long. ... It's like you go to bed every night listening to these voices telling
  
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• How Lincoln returned from near death and restored Ford's luxury brand (F)

  29-10-2016 18:12 via feedproxy.google.com
  
  Kumar Galhotra is what you might call the right man for the job, and the job happens to be one of the toughest in the entire auto industry.
  Galhotra runs Lincoln, Ford’s luxury brand. Since roughly 2013, the brand has been attempting to stage a comeback, with billions in funding from the mothership in Dearborn, Michigan.
  Born in India, Galhotra — who has a degree in engineering from the University of Michigan — came to Ford in 1988 and rose through the ranks, eventually becomin
  
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• Lloyd Blankfein, now in remission, describes the initial moments of his cancer diagnosis (GS)

  29-10-2016 17:59 via feedproxy.google.com
  
  Goldman Sachs CEO Lloyd Blankfein is in remission after announcing last September that he had lymphoma, a type of cancer.
  The Wall Street executive confirmed that he was cancer-free in an interview with Carlyle Group founder David Rubenstein on Bloomberg's recently-launched David Rubenstein Show.
  "You don't know how you'll react to things until you live through them," Blankfein said in the interview.
  He said that while he exhibited symptoms like weight loss, a cough, and aches and pains in the w
  
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• The company that's supposed to protect America's cops is being accused of some shady stuff (TASR)

  29-10-2016 17:25 via feedproxy.google.com
  
  Taser, the maker of the ubiquitous electrical weapons and body cameras, is in the midst of an ugly lawsuit.
  The company is being sued over anticompetitive behavior and patent infringement in part of what has become one of the fiercest fights in American business — over who will outfit the hopefully more transparent and less lethal future of American policing.
  This fight was intensified after the death in 2014 of 18-year-old Michael Brown at the hands of police in Ferguson, Missouri. After
  
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• Amazon's CFO perfectly summed up Amazon's greatest strength in one sentence

  29-10-2016 17:00 via feedproxy.google.com
  
  Amazon had a mixed quarter, with a match in sales but lower-than-expected profits.
  Investors were clearly spooked, driving Amazon's stock down by as much as 7% after hours on Thursday.
  So Amazon CFO Brian Olsavsky had to spend a lot of time defending the company's low profit margins, repeatedly explaining the company's rationale behind higher investments during the quarter.
  But perhaps the moment that best summed up Amazon's thinking came during the earnings call, when Olsavsky re
  
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• Give Virtual Reality in Retail a Look

  29-10-2016 16:39 via retailpro.com
  Virtual reality in retail is here. The technology is more affordable than ever, and it offers retailers a unique opportunity to provide customers with immersive experiences. Two of the more popular devices, Samsung Gear VR and Google Cardboard, are available …
  Continue reading →
  
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• Luxury retailers are abandoning New York's Fifth Avenue

  29-10-2016 16:25 via feedproxy.google.com
  
  There's a record amount of empty retail space along New York's Fifth Avenue because the rent is too high.
  Availability is rising across the borough, according to Cushman & Wakefield's third-quarter report on Manhattan real estate released on Wednesday.
  Vacancies rose year-on-year in every submarket that the company tracks, and climbed to 15.9% on Fifth Avenue between 49th and 60th streets. That's the highest availability ever for those streets, according to Bloomberg. The flagship Apple stor
  
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• Twitter has spent years investing in video and now thinks it's finally paying off (TWTR)

  29-10-2016 15:23 via feedproxy.google.com
  
  For some time now, Twitter has been a company in decline.
  Once it reached the 300 million monthly active user landmark, its once-meteoric growth stalled. Revenue growth is slowing down too. And with the company still yet to turn to turn a profit, Twitter needs to do something drastic in order to achieve its publicly stated target of reaching GAAP (generally accepted accounting principles) profitability by 2017.
  But Twitter has a plan.
  Speaking on the company's third quarter earnings ca
  
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• Wall Street's top oil watcher explains what's happening in Saudi Arabia, Russia, and Libya

  29-10-2016 14:28 via feedproxy.google.com
  
  Wall Street's top oil watcher explains what's happening in Saudi Arabia, Russia, and LibyaSEE ALSO: This is Saudi Arabia's "Achilles' heel"
  Join the conversation about this story »NOW WATCH: LIZ ANN SONDERS: The most unsettling outcome for the markets would be a surprise Trump win
  
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• A handful of giant investors have the fate of the bond market in their hands

  29-10-2016 14:04 via feedproxy.google.com
  
  The fate of the bond market lies with a handful of giant investors.
  The top five investment companies hold $264 billion in US high-yield bonds, according to a big report from Stephen Caprio and Matthew Mish at UBS. That's equivalent to 20% of the market.
  The top 20 hold $605 billion, equivalent to 46% of the US high-yield market, and mutual funds and separately managed accounts hold 70% of the market.
  That could be a problem, according to Caprio and Mish.
  In their report, the analysts explore wh
  
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• Things are starting to rumble in Southeast Asia

  29-10-2016 12:04 via feedproxy.google.com
  Political risk could be on the rise in two Southeast Asian countries.
  Investors have been a bit nervous over some of the controversial comments made by Philippine President Rodrigo Duterte ever since his election back in May.
  And although his more recent comments have generally centered around foreign policy, Krystal Tan and Gareth Leather of Capital Economics noted there could be long-term risks.
  "...calling the president of the US 'the son of a whore' and abandoning the country&
  
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• Elon Musk just unveiled Tesla's solar roof and new Tesla Energy products (TSLA, SCTY)

  29-10-2016 03:30 via feedproxy.google.com
  
  Behold, Tesla's solar roof:Tesla CEO Elon Musk unveiled the solar roof at Universal Studios in Los Angeles on Friday night. Musk has been hyping the solar roof ahead of its shareholder vote for a SolarCity merger that's scheduled for November 17, calling it a "fundamental part of achieving differentiated product strategy."
  The solar roofs that Musk showed off were installed on houses on Universal Studio's famous backlot, which recreates a suburban environment. In his presentation, Musk
  
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• Here comes Tesla's big solar event in Los Angeles (TSLA, SCTY)

  29-10-2016 02:02 via feedproxy.google.com
  
  Tesla will hold an event at Universal Studios in Los Angeles at 8:30 p.m. ET/5:30 p.m. PT to unveil a solar roof that will be the marquee project for a merged Tesla and Solar City.
  Tesla CEO Elon Musk will preside over the presentation, which will be broadcast live via webcast. We'll be covering the event, so check back for details.
  Tesla is also expected to reveal an updated version of its Tesla Energy Powerwall home-storage unit.Join the conversation about this story »NOW WATCH: A 13-yea
  
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