Sales & Marketing news

• The head of UBS' investment bank wants to set the record straight (UBS)

  19-02-2017 22:47 via feedproxy.google.com
  
  Andrea Orcel, who heads the investment bank at UBS, has a lot on his mind.A few days before we met, on January 31, UBS reported fourth-quarter and full-year earnings. 
  The investment bank delivered a strong fourth quarter, with adjusted pretax profit up by 54% against a year earler. Still, full-year profits for the division were lower. The investment bank division reported a 34% drop in adjusted pretax profit from a year earlier.
  The equities business, the crown jewel in UBS' investmen
  
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• A $14 billion hedge fund is venturing where others fear to tread

  19-02-2017 21:34 via feedproxy.google.com
  
  Canyon Capital Advisors, a $14 billion Los Angeles-based investment firm set up Joshua Friedman and Mitchell Julis, sees a fresh money-making opportunity betting on corporate takeovers.
  In a January letter to investors, the hedge fund firm said there has been a "significant increase in supply" of potential deals "as companies having difficulty growing organically have instead sought to buy growth."
  At the same time, fewer investors are able to invest in these kinds of deals, which
  
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• BAML: Investors around the world are freaking out about Trump's policies

  19-02-2017 20:20 via feedproxy.google.com
  
  Investors around the world are starting to worry about President Trump's policies.
  According to the Bank of America Merrill Lynch Global Fund Manager Survey, published February 14, investors ranked protectionist policies as the number one risk to the eight-year equity bull market, ahead of high rates, a "financial event" and weaker earnings.
  The BAML Fund Manager survey is a monthly survey of 200-250 primarily long only investors. The biggest "tail risks" fund managers see are European
  
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• A top Wall Street bank is looking for the next generation of dealmakers

  19-02-2017 19:47 via feedproxy.google.com
  
  UBS is on the lookout for the next generation of dealmakers in the US.
  Business Insider recently sat down with Andrea Orcel, the head of UBS' investment bank, and asked about the firm's plans for its US business. 
  The bank finished 2016 ranked 10th globally for investment banking fees, according to Dealogic, 10th for mergers and acquisitions fees and 9th for equity capital markets revenues. 
  The bank has historically been strong in Asia and in its home continent of Europ
  
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• 28-year-old cofounder named to Forbes 30 under 30 shares his advice for aspiring entrepreneurs

  19-02-2017 19:25 via feedproxy.google.com
  
  Maxim Razmakhin has always been an entrepreneurial spirit. When he was in college, he sold milkshakes out of his dorm room.
  "It was sort of like a substitute for coffee," Razmakhin said. "It stimulated brain power and helped people cram for those big exams."
  He ended up making a couple thousand bucks from the endeavor. 
  The 28-year-old Russian-native is the co-founder of Thirstie, an online alcohol-delivery service. He was recently named to the Forbes' 30 under 30 food &
  
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• CALLED OFF: Kraft Heinz is killing its plan to merge with Unilever — just 2 days after announcing it

  19-02-2017 18:57 via feedproxy.google.com
  
  The consumer goods giant Kraft Heinz is calling off its plans to merge with Unilever — the maker of Hellmann's mayonnaise, Ben & Jerry's ice cream, and Dove toiletries — just two days after confirming its interest in the company.
  Kraft, which is backed by the legendary investor Warren Buffett, confirmed that it had made an approach to take over Unileverafter the Financial Times Alphavill blog had reported it earlier in the day. Unilever rejected the bid the same day.
  "Unilever an
  
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• Warren Buffett's $10 billion airline investment reveals everything you need to know about the industry (AAL, UAL, DAL, LUV)

  19-02-2017 18:46 via feedproxy.google.com
  
  For the second time in six months, Warren Buffett's Berkshire Hathaway will invest billions of dollars into the US airline industry.
  In total, Buffett's investment in American, Delta, United, and Southwest Airlines totals nearly $10 billion.
  The move showed a stunning change of heart for Buffett, who as recently as 2013 referred to the US airline industry as a "deathtrap for investors."
  However, it is the consistency of Buffett's investment in America's big four airlines —$2.1 billion in A
  
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• Famous last words of 19 famous people

  19-02-2017 18:27 via feedproxy.google.com
  
  Famous last words of 19 famous people.Join the conversation about this story »NOW WATCH: 'It's a lie': Jake Tapper calls out Trump during a fiery interview with Kellyanne Conway
  
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• 'Lego Batman' and 'Fifty Shades' power the holiday box office as 'Great Wall' fails

  19-02-2017 17:26 via feedproxy.google.com
  
  The long President's Day weekend helped holdovers like "The Lego Batman Movie" and "Fifty Shades Darker," but for new releases "The Great Wall," "Fist Fight," and "A Cure for Wellness" there wasn't much business.
  "Lego Batman" took in an estimated $34.2 million, according to Exhibitor Relations, to win the domestic box office for a second consecutive weekend. That's only a 35 percent dip from last week.
  The animated movie that has pleased kids and Batman die hards alike will have taken in over $
  
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• Americans have $12.58 trillion of debt — here's what it looks like

  19-02-2017 17:25 via feedproxy.google.com
  
  Americans' debt balances rose "substantially" in the final quarter of 2016, according to the Federal Reserve Bank of New York. 
  Household debt totaled $12.58 trillion as of December 31, 2016, according to the New York Fed's latest quarterly report on credit.
  Total debt increased by 1.8%, or $226 billion, in Q4. That lifted household debt just 0.8% below the peak reached in the third quarter of 2008 as the US economy was mired in recession. 
  According to the report, Americans borro
  
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• Meet the bankers working on a potential nearly $250 billion megamerger

  19-02-2017 16:48 via feedproxy.google.com
  
  Kraft Heinz, the consumer giant backed by Brazilian billionaire Jorge Lemann and Warren Buffett, has made an approach to combine forces with European peer Unilever.
  Unilever rejected the approach, but Kraft Heinz said in a statement that it's looking forward "to working to reach agreement on the terms of a transaction." Unilever said in a statement it does not see a basis for any further discussions.
  Unilever has a market capitalization of around £112 billion ($140 billion), while Kra
  
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• Here's who is going to get rich from the Snap IPO

  19-02-2017 14:30 via feedproxy.google.com
  
  Snap's hotly-anticipated IPO is going to make a lot of money for its founders, investors and early employees. 
  The company is seeking to price its share sale at between $14 to $16 a share, although that could always go up (or down) before its anticipated IPO on March 2.
  According to its S-1 filings, Snap's co-founders Evan Spiegel and Bobby Murphy own the most shares. 
  Benchmark could also see some nice returns, as one of the company's top shareholders. 
  Here's the list
  
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• America's affordable housing crisis has reached a new milestone

  19-02-2017 14:03 via feedproxy.google.com
  
  The affordable-housing crunch worsened last year.
  In the final quarter of last year, Americans spent the highest share of their incomes on mortgage payments since 2010, according to real estate company Zillow. 
  The economy's improvement after the housing crash generated new buyer demand for housing, even though the homeownership rate remained historically low.
  Simultaneously, incomes rose slowly, and affordable housing inventory — especially in populous cities &mda
  
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• Trump is in the wrong place at the wrong time when it comes to the stock market

  19-02-2017 13:06 via feedproxy.google.com
  
  It looks like this bull market just won't quit. Friday marked the 2,003 trading day since the stock market rally began back in 2009, making it even longer than the bull market that preceded the 1929 crash.
  And since President Donald Trump's surprise victory in November, stocks have been on a seemingly unstoppable upswing with the S&P 500 rallying nearly 10%. 
  The S&P 500, Dow Jones industrial average, and the Nasdaq all recently hit all-time highs at the same time for five straight
  
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