Sales & Marketing news

• Something interesting — and possibly alarming — is happening with Tesla stock (TSLA)

  08-12-2016 23:18 via feedproxy.google.com
  
  Investing in Tesla isn't for the weak of will. 
  Shares in the all-electric automaker tend to be volatile, and on Wall Street there's a chasm between the bulls and the bears as far as price-targets go. Some have seen the stock plunging below $100, while others have argued that it could touch $500.
  Through all this, Tesla has amassed a $30 billion market cap and with shares now trading around $200, the company has certainly rewarded early investors who bought after the 2010 IPO, when the stoc
  
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• Restoration Hardware cuts its outlook, cites slow holiday sales, and its stock is crashing (RH)

  08-12-2016 22:28 via feedproxy.google.com
  
  Restoration Hardware on Thursday lowered its outlook for full-year earnings per share (EPS), citing slow holiday sales. Its shares plunged by as much as 18% in after-hours trading. 
  The retailer of high-end furniture said it now sees full-year adjusted EPS in a range of $1.19-$1.29, down from $1.60-$1.80. 
  For the third quarter, its adjusted EPS topped the forecast for $0.16, at $0.20. 
  Restoration Hardware shares plunged 57% this year through the market close on Thursday, as
  
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• STOCKS RALLY: Here's what you need to know (LVS, SHLD, TIME, ESRX)

  08-12-2016 22:00 via feedproxy.google.com
  
  US stocks rose to record highs again on Thursday as the rally since the election continued. Meanwhile, global bonds sold off after the European Central Bank announced it would extend its quantitative-easing program until at least December 2017 but would scale down its asset purchases to €60 billion a month from €80 billion.
  First, the scoreboard:
  Dow: 19,614.81, +65.19, (0.33%)
  S&P 500: 2,246.19, +4.84, (0.22%)
  Nasdaq: 5,417.36, +23.59, (0.44%)
  Sears is pla
  
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• There have been more departures from Credit Suisse

  08-12-2016 21:45 via feedproxy.google.com
  
  There have been more departures from Credit Suisse in recent weeks. 
  Among the New York departures:
  Gary Gunn, global program trading, head of US agency execution, has left, according to people familiar with the matter. He did not respond to messages seeking comment in time for publication. 
  Jill Shea, an equity research analyst covering the banking sector, has left. Her office phone number is no longer in service. She did not respond to messages seeking comment in time
  
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• China is about to hit Macau hard, and casino stocks are getting spanked

  08-12-2016 21:21 via feedproxy.google.com
  
  The Chinese government has started clamping down on the amount of money its people can take out of the country to curb capital flight, and that's going to hit the world's gambling Mecca, Macau, pretty hard.
  As of Saturday the government will reduce the amount of cash Chinese people can take out in Macau from 10,000 to 5,000 patacas, according to the South China Morning Post. 
  And casino stocks are already taking a beating as a result.
  Las Vegas Sands is down 12%.
  Wynn Entertainment is
  
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• The US is $19.9 trillion in debt — here are the countries we owe the most

  08-12-2016 21:20 via feedproxy.google.com
  
  The Unites States has a massive monetary debt to the world, with China being one of the countries we owe the most. 
  Follow BI Video: On Twitter Join the conversation about this story »
  
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• GOLDMAN SACHS CEO: 'The declared policies of Mr. Trump' are 'a good thing' (GS)

  08-12-2016 21:18 via feedproxy.google.com
  
  Goldman Sachs CEO Lloyd Blankfein may not have voted for President-elect Donald Trump, but he is ready to give him the benefit of the doubt.
  "Mr. Trump may turn out to be a much better president than anyone else might have been in that place," Blankfein said in an interview with the German newspaper Handelsblatt.
  "He's a very smart guy, a businessman …I am not pessimistic at all because he won."
  Blankfein supported Trump's rival, Democratic nominee Hillary Clinton, in the election, a
  
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• Time Inc. shares jump more than 8% on reports it has hired bankers (TIME)

  08-12-2016 21:16 via feedproxy.google.com
  
  Time Inc., the publisher of People, Fortune, and Sports Illustrated magazines,has hired Morgan Stanley and Bank of America to help it deal with takeover offers, The Wall Street Journal reports.
  The stock jumped more than 8% on the news.
  Time Inc was reportedly approached by the billionaire investor Edgar Bronfman Jr. in November but rejected the takeover offer.
  Bronfman, together with billionaire Len Blavatnik's Access Industries and the Israeli businessman Ynon Kreiz, offered $18 per share,&nbs
  
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• Investors shouldn't 'drink the Kool-Aid' that Wall Street's selling (TLT, TBT)

  08-12-2016 20:51 via feedproxy.google.com
  
  The election of Donald Trump has sparked a lot of talk about inflation returning to the United States as a result of his protectionist trade policies and plans for massive infrastructure spending. Bond traders have dumped US Treasurys in anticipation that the 40-year bull market in bonds is over. 
  However, something is missing from the equation, and that something is a steeper yield curve. The yield curve is the the difference between short-term and long-term interest rates and it "ste
  
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• A short seller tweeted that Trump could crush a healthcare company, and now the stock's tanking (ESRX)

  08-12-2016 20:45 via feedproxy.google.com
  
  On Thursday, the short-selling firm Citron Research tweeted that Express Scripts, a pharmacy benefits manager, might be targeted during the Trump administration.
  "When @realdonaldtrump tells $ESRX ' you're fired' heads will roll. The culprit behind pharmaceutical price gouging. Price Target $45," the firm, which was founded by investor Andrew Left, tweeted.
  The stock is now down by about 7%. In an interview with Time, President-elect Donald Trump said he thought drug-price gauging across the pha
  
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• Americans from all corners of the economy are loving life since Trump's election

  08-12-2016 20:26 via feedproxy.google.com
  
  Americans from all corners of the economy seem to be enjoying the conditions a lot more since the election of Donald Trump.
  Nearly every measure of consumer, business, or executive confidence has gained in the month since the election, according to Michelle Meyer, chief US economist at Bank of America Merrill Lynch.
  "The data clearly show that consumers, investors, and business CEOs have all become more optimistic since the election," Meyer wrote in a note to clients on Thursday.
  Things such as
  
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• Here's the presentation David Einhorn just gave to a room of elite hedge fund managers

  08-12-2016 19:49 via feedproxy.google.com
  
  Last week, famed investor David Einhorn of hedge fund Greenlight Capital gave a presentation at the exclusive Robin Hood Investors Conference (it supports the charitable foundation of the same name, check that out here).
  In it, he explained his long thesis for pharmaceutical giant, Bayer.
  Last year Bayer spun off its chemicals company, Covestro, and then in September announced a deal to take over seed-maker Monsanto.
  That deal is pending approval from a dizzying number of regulators around
  
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• Goldman Sachs shares are up 30% since Trump's victory (GS)

  08-12-2016 19:47 via feedproxy.google.com
  
  Goldman Sachs is once again trading at post-crisis highs on Thursday.
  Shares of the Wall Street bank were trading at $241.64 around 1:50 pm ET — up about 30% since President-elect Donald Trump's political victory on November 8.
  That's near their highest level on record, $247.92 in 2007.
  Goldman Sachs shares have also outperformed every other company on the Dow Jones Industrial Average since the election. It is responsible for about one third of the Dow's
  
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• Nearly 30 million Americans could lose their health insurance if the GOP rips up Obamacare

  08-12-2016 18:18 via feedproxy.google.com
  
  For years, Republicans in Congress have been clamoring to repeal the Affordable Care Act (ACA), better known as Obamacare, President Barack Obama's signature legislative achievement.
  With President-elect Donald Trump set to take office, the GOP may finally get its wish.
  According to a new study, however, the repeal would come at a significant price, showing the tightrope the party could be forced to walk on to unravel the law.
  The Urban Institute, a left-leaning think tank, analyz
  
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• Union boss fires back at Trump: You should 'know how many damn jobs you're talking about'

  08-12-2016 17:45 via feedproxy.google.com
  
  The president of the union that represents the workers at an Indianapolis Carrier plant who were the subject of a publicized deal made by President-elect Donald Trump took aim at the Manhattan billionaire Thursday for launching an attack at him the night before.
  During a round of TV appearances, Chris Jones, the president of United Steelworkers Local 1999, suggested that it would be strange if Trump didn't know how many "damn jobs" were being saved in a heavily promoted deal between Carrier and
  
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• Everything you need to know about the Thai economy

  08-12-2016 17:30 via feedproxy.google.com
  
  Thailand has laid the path to become a developed nation. Through a series of broad reforms addressing economic, social, and government development, the country's recent 20-year strategic plan is a blueprint for growth. 
  While it must negotiate a political transition and year of mourning following the passing of King Bhumibol Adulyadej, it appears to be business as usual in Southeast Asia's second largest economy. 
  Here are the key numbers you need to know
  
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• Costco claims it's had a version of Amazon's futuristic grocery store for 20 years (COST, AMZN)

  08-12-2016 17:27 via feedproxy.google.com
  
  Amazon announced its next big push into brick-and-mortar retail on Monday.
  At Amazon Go, a store first scheduled to open in Seattle next year, the company says shoppers will be able to walk in, pick up their groceries, and walk right out the door. Through an app, the products will be automatically added to a digital cart and billed to the shoppers' Amazon account when they leave.
  But Costco says it beat Amazon to this concept two decades ago.
  "In terms of scan-and-go, honestly we've had a versio
  
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• Olympians Laura and Jason Kenny on data, ‘unpredictable’ humans and winning gold

  08-12-2016 17:00
  
  It is a little more than three months since Laura and Jason Kenny became sporting royalty by winning gold at the Rio Olympics yet trying to spot them in a crowded room can be difficult, so unassuming are they.
  It takes a few minutes to realise that the record breaking, multiple gold medal-winning Olympians are in fact sat quietly on a sofa in a corner of the room chatting to each other. Being introduced feels like interrupting their afternoon plans, although those are supposed to involve an int
  
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• Sport England CEO: The real success of ‘This Girl Can’ is its empowerment of women

  08-12-2016 15:56
  
  Sport England’s CEO Jennie Price says the real success of its ‘This Girl Can’ campaign is in empowering women, not just getting them to start exercising.
  Speaking last night at the Advertising Association’s Parliamentary Reception, she told the story of a trip she made to Australia to talk about the success of the campaign and tackling sport and physical activity. While there, she had conversations with more than 2,000 people about why the campaign worked and resonated s
  
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• Two-thirds of marketers can’t measure ROI on mobile

  08-12-2016 15:55
  
  Two-thirds of marketers say they can’t measure ROI on mobile, according to a recent report from research firm Forrester. The majority (67%) put this down to the fact they don’t believe it can be measured.
  Despite marketer’s doubts the report also suggests marketer’s problems with measuring profitable ROI through mobile is a “misunderstanding” and marketers aren’t measuring their data in the correct way as they are “missing the mobile offline oppor
  
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• ‘Stricter rules on junk food ads show power of self regulation’

  08-12-2016 15:06
  
  The ad regulator has just introduced some of the strictest rules in the world on advertising junk food to children.
  From next July, the Committee of Advertising Practice (CAP) has decided that non-broadcast rules should be brought in line with broadcast, meaning advertisers will not be allowed to target food and drink high in fat, sugar and salt (HFSS) at under-16s in print, cinema, online and social media activity.
  The move follows a decision by the Government not to introduce stricter rules on
  
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• Sports Direct brand hits rock bottom in 2016 as profits plunge

  08-12-2016 11:58
  
  Sports Direct saw its pre-tax profits fall 25% to £140.2m in the six months to 23 October, as both its business and brand take a bashing.
  While chief executive Mike Ashley described the last six months as “tough for our people and performance,” and pointed to deteriorating exchange rates, Sports Direct’s chairman Keith Hellawell didn’t hold back in his assessment.
  Hellawell claims an “extreme political, union and media campaign waged against this company&rdqu
  
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• Sports Direct brand hits rock bottom as profits plunge

  08-12-2016 11:58
  
  Sports Direct saw its pre-tax profits fall 25% to £140.2m in the six months to 23 October, as both its business and brand take a bashing.
  While chief executive Mike Ashley described the last six months as “tough for our people and performance,” and pointed to deteriorating exchange rates, Sports Direct’s chairman Keith Hellawell didn’t hold back in his assessment.
  Hellawell claims an “extreme political, union and media campaign waged against this company&rdqu
  
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• Russell Parsons: It’s a chaotic time, but a good one to be a marketer

  08-12-2016 10:56
  
  “Bonkers” was how one marketer recently described 2016 to me. As seismic, serious and shocking as events have been, there is no better way to sum up 2016.
  From David Bowie to Leonard Cohen, from Leicester City to Portugal, from Brexit to Donald Trump, I have lost count of the number of times I have delivered a piece of news and was met with a quizzical, then resigned, “really?”.
  As the year draws to a close it is incumbent upon us to try and make some sense of it all, whi
  
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• Russell Parsons: It may feel chaotic, but its a good time to be a marketer

  08-12-2016 10:56
  
  “Bonkers” was how one marketer recently described 2016 to me. As seismic, serious and shocking as events have been, there is no better way to sum up 2016.
  From David Bowie to Leonard Cohen, from Leicester City to Portugal, from Brexit to Donald Trump, I have lost count of the number of times I have delivered a piece of news and was met with a quizzical, then resigned, “really?”.
  As the year draws to a close it is incumbent upon us to try and make some sense of it all, whi
  
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• Trends for 2017: Zero-based budgeting, influencers 2.0 & TV

  08-12-2016 08:55
  
  Zero-based budgeting becomes the new normal
  Several trends have coalesced to make zero-based budgeting an imperative for marketing teams in 2017. The practice requires marketers to justify spending on all new activity, rather than having set budgets based on revenues or the previous year’s spend. This carefully costed approach reflects the economically uncertain and austere conditions under which many marketers now operate.
  The latest IPA Bellwether report forecasts that ad spend in
  
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• Trends for 2017: Zero-based budgeting & influencers 2.0

  08-12-2016 08:55
  
  Zero-based budgeting becomes the new normal
  Several trends have coalesced to make zero-based budgeting an imperative for marketing teams in 2017. The practice requires marketers to justify spending on all new activity, rather than having set budgets based on revenues or the previous year’s spend. This carefully costed approach reflects the economically uncertain and austere conditions under which many marketers now operate.
  The latest IPA Bellwether report forecasts that ad spend in
  
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• Industry welcomes stricter rules on advertising unhealthy food and drink to children

  08-12-2016 01:01
  
  Both the advertising and food and drink industries have rallied behind new rules banning the advertising of high fat, salt or sugar (HFSS) food or drink products in children’s media.
  The rules will apply across all non-broadcast media targeted at under-16s from July next year, including print, cinema, online and on social media. The rules will also mean ads for HFSS products will no longer be allowed to appear around TV-like content online such as on video-sharing platforms or advergames
  
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• Industry welcomes stricter rules on advertising junk food to children

  08-12-2016 01:01
  
  Both the advertising and food and drink industries have rallied behind new rules banning the advertising of high fat, salt or sugar (HFSS) food or drink products in children’s media.
  The rules will apply across all non-broadcast media targeted at under-16s from July next year, including print, cinema, online and on social media. The rules will also mean ads for HFSS products will no longer be allowed to appear around TV-like content online such as on video-sharing platforms or advergames
  
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• Six marketing trends for 2017

  08-12-2016 01:00
  LONDON:Using technologies such as artificial intelligence and virtual reality effectively, and rethinking social video, are among the key challenges marketers face in 2017, according to a new report produced by Warc in collaboration with Deloitte...
  
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• SE Asia shops on Facebook, Instagram

  08-12-2016 01:00
  SINGAPORE: South East Asia is an emerging leader in social commerce, new data suggests, with 30% of all online sales in the region occurring via social networks in 2016.Research by Bain & Co,
  
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• Regional brands aim to become national

  08-12-2016 01:00
  NEW DELHI: A number of regional brands in India, in categories from food to personal care, have aspirations to become national brands, but they face a number of challenges in making that leap, not least how much to invest in marketing."They need...
  
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• Poor contact data costs business

  08-12-2016 01:00
  LONDON: Poor-quality customer contact data could be costing UK organisations almost 6% of annual revenues, a new study has claimed.A survey of 272 senior marketing, data and analytics practitioners for Royal Mail Data Services, the specialist data...
  
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• CMOs struggle with growth demands

  08-12-2016 01:00
  SAN JOSE, CA: There is an increasing expectation among the C suite that chief marketing officers (CMOs) will drive growth and create business value, but a new study suggests that CMOs themselves are uncertain as to how they can best deliver on this....
  
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• China's adventurous rural consumers

  08-12-2016 01:00
  BEIJING: China's rural consumers are more adventurous online shoppers than their urban counterparts, and when that trait is combined with improved digital connectivity and better distribution networks there appears to be significant untapped demand...
  
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• Barbie engages millennial moms

  08-12-2016 01:00
  SAN FRANCISCO: Toy owner Mattel has shaken off the "blonde bimbo" image its Barbie doll had acquired by going back to the product's origins and purpose to appeal to millennial mothers, a top executive
  
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