Sales & Marketing news

• Theranos just settled 2 lawsuits with one of its biggest investors

  01-05-2017 23:07 via feedproxy.google.com
  
  Theranos has settled its lawsuits with a hedge fund that invested $96.1 million in the company.
  Partner Fund Management originally sued Theranos in October 2016, alleging the company had "engaged in securities fraud and other violations."
  And in April, court filings reported by The Wall Street Journal alleged that Theranos used a shell company to purchase commercially available lab equipment and faked blood tests in presentations with prospective investors and business partners. 
  
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• The stock market has stopped paying attention to what Trump says (SPX, VIX, BKX)

  01-05-2017 22:49 via feedproxy.google.com
  
  President Donald Trump's broad comments about potential policies used to work investors into a frenzy, spurring large market fluctuations that created and erased billions of dollars of value.
  Now they're met with a yawn.
  That dynamic was at work in US stocks on Monday as Trump's statement that he's "looking into" breaking up the big Wall Street banks barely made a dent in regular trading.
  Several measures showed traders immediately reacting to the news in a moderate way, only to revert
  
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• Trump is making a big promise about his healthcare plan — but it's not in the GOP bill

  01-05-2017 22:32 via feedproxy.google.com
  President Donald Trump has made some huge promises for healthcare overhaul, but his new guarantee for people with preexisting conditions may not reflect the reality of the GOP's current legislation.
  Trump has promised that the plan to repeal and replace the Affordable Care Act, the law also known as Obamacare, will bring down premiums, deductibles, and the cost to the government, and will eventually cover "everybody."
  Most health-policy experts agree that hitting all four of these marks is next
  
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• STOCKS FINISHED MIXED: Here's what you need to know

  01-05-2017 22:00 via feedproxy.google.com
  
  Stocks climbed Tuesday on an otherwise quiet day.
  The Nasdaq and the S&P 500 were up in the green, while the Dow ticked down slightly.
  First up, the scoreboard:
  Dow: 20,931.46, -27.05, (-0.13%)
  S&P 500: 2,388.33, +4.13, (+0.17%)
  Nasdaq: 6,091.60, +44.00, (+0.73%)
  US 1o-year yield: 2.323%, +0.041
  WTI crude: $48.75, -0.58, (-1.18%)
  1. Trump says he's thinking about breaking up the big banks. "I'm looking into that right now," he told Bloomberg about bringing back the "old system"
  
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• Corporate America had to go into full 'all hands on deck' mode to save NAFTA from Trump

  01-05-2017 21:32 via feedproxy.google.com
  
  The Wall Street Journal has the 24-hour blow by blow of how — at what seemed like the last minute — the Trump administration decided not to scrap the North American Free Trade Agreement (NAFTA).
  Scrapping or dramatically renegotiating the decades-old trade agreement between the US, Canada, and Mexico was one of Trump's big campaign promises. And, as the WSJ reports, in Trump's desperation to fulfill promises before his administration's 100-day mark, he felt like taking dramatic actio
  
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• The market is baiting copycats of the mystery trader called '50 Cent' (VIX)

  01-05-2017 21:18 via feedproxy.google.com
  
  For a limited time, you can wager on a stock market selloff for a low, low price.
  The lowest price since 2014, in fact.
  The trade in question is the purchase of contracts wagering that the CBOE Volatility Index will reach 14 over a 13-day period — in this instance, ahead of May 14 expiration.
  The so-called S&P 500 fear index finished last week at 10.82, about 40% below its bull market average, and briefly fell below 10 on Monday.
  Such an investment would mirror the effor
  
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• RBC: Dunkin' Donuts' 'dramatic reduction in menu items' will make it a lot more profitable (DNKN)

  01-05-2017 20:49 via feedproxy.google.com
  
  Shares of Dunkin' Brands, the parent company behind Dunkin' Donuts and Baskin-Robbins Ice Cream are higher by almost 2% on Monday after receiving an upgrade from RBC Capital Markets.
  RBC analyst David Palmer upgraded shares to "Outperform" from a "Sector Perform" and raised his price target on the stock from $54 to $64, implying an upside of 12.5%.
  "We believe the company is taking steps to improve franchisee profitability and core customer satisfaction," Palmer wrote.
  
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• The CEO of a $1.5 trillion fund giant wants to set the record straight

  01-05-2017 20:40 via feedproxy.google.com
  
  LOS ANGELES – Manny Roman is spreading the word: Active management pays off, at least for bonds. 
  Speaking at the Milken Institute Global Conference held at the Beverly Hilton, Roman, the new CEO of $1.5 trillion fund manager PIMCO, made a case for active management in the bond market. Passively managed exchange-traded funds have been hoovering up assets, helped by the promise of low fees, and the underperformance of active equity managers.
  The combined assets of US ETF
  
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• The mad scramble to write Trump's tax plan sounds like it was a mess

  01-05-2017 20:24 via feedproxy.google.com
  
  President Donald Trump surprised major members of his administration with a promise to deliver a tax plan last Wednesday, according to a new report.
  According to Politico's Josh Dawsey, Tara Palmeri, and Ben White, the Treasury Department and White House officials scrambled to complete the tax plan before the artificial deadline.
  In an interview with the Associated Press on April 21, Trump promised to release the tax plan the following week, part of an attempt to show progress on
  
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• A New York Times op-ed just argued for what could become the GOP's next big lie

  01-05-2017 19:40 via feedproxy.google.com
  
  In a particularly misguided column in the New York Times this weekend, R.R. Reno, editor of First Things magazine, argued that Reaganism in the Republican Party is dead, and Donald Trump helped kill it.
  We've heard that before. What Reno goes on to say, though, is that the entire GOP should take up the "America First" mantle that Trump has thrown on. Promising to close off our country to the rest of the world through walls and trade barriers was, after all, what won Trump the election. And
  
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• Trump says he's willing to raise the gas tax for his massive infrastructure plan

  01-05-2017 19:02 via feedproxy.google.com
  
  President Donald Trump said Monday he would be open to the idea of raising the federal tax on gasoline to pay for an infrastructure investment during an interview with Bloomberg.
  "It’s something that I would certainly consider," Trump told Bloomberg on Monday, saying he would be in favor if the money was earmarked "toward the highways."
  The current federal tax on gasoline is 18.4 cents on unleaded and 24.4 cents on diesel, according to the Energy Information Agency. Congress has not r
  
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• Trump says he's thinking about breaking up the big banks (GS, MS, JPM, C)

  01-05-2017 19:00 via feedproxy.google.com
  
  President Donald Trump said Monday he was contemplating breaking up the big Wall Street banks. 
  "I'm looking into that right now," he told Bloomberg about bringing back the "old system" that separated consumer lending and investment banking. 
  The move would revive a version of the repealed Glass-Steagall Act that was passed in 1933, which required banks to separate commercial deposit banking from investment banking.
  While campaigning, Trump said he supported a
  
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• Loan-servicing company Ocwen Financial explodes higher after unloading a bunch of assets (OCM)

  01-05-2017 18:19 via feedproxy.google.com
  Mortgage servicer Ocwen Financial surged as much as 46% on Monday after saying it will sell $425 million of assets to help boost the company's finances.
  New Residential Corporation will purchase mortgage servicing rights from Ocwen in a transaction and start a new five-year subservicing agreement, the company said in a statement. In addition to the upfront cash payment, New Residential will also make an equity investment in Ocwen and become a 4.9% owner.
  "We would expect the shares to do we
  
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• Treasury Secretary Mnuchin says it will take 2 years for the US economy to grow as fast as Trump promised

  01-05-2017 18:10 via feedproxy.google.com
  
  US Treasury Secretary Steve Mnuchin said on Monday that it could take up to two years to have economic growth reach 3% and that tax cuts and regulatory relief will help get there.
  "There are very attractive opportunities," Mnuchin said at the Milken Institute Global Conference, speaking less than one week after the Trump administration unveiled plans for aggressive tax cuts.
  President Donald Trump promised during the campaign to return the US to a sustained rate of 4% GDP growth, and even i
  
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• Apple's pile of cash could cross the quarter-trillion dollar mark tomorrow (AAPL)

  01-05-2017 18:09 via feedproxy.google.com
  
  Shares of Apple hit an all time high Monday of $146.19. The tech giant is set to report earnings after the closing bell on Tuesday, May 2.
  Last quarter, Apple reported that it had $246.09 billion total in cash and cash equivalents, the largest such stockpile among publicly traded companies.
  Given that Apple has not made any major acquisitions since last quarter, it is likely that Apple's cash pile will cross $250 billion for the first time this quarter. 
  Most of the sto
  
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• Bitcoin busts out to an all-time high above $1,400

  01-05-2017 18:05 via feedproxy.google.com
  
  Bitcoin is at another fresh all-time high. The cryptocurrency trades up 7.2%, or almost $95, at $1,411.05 as of 12:04 p.m. ET. It hit an all-time high of $1456.35 earlier on Monday.
  The advance comes with no specific catalyst, but has trade on track for its 10th gain in 11 sessions. Bitcoin has been moving higer over much of the past week following news that the US Securities and Exchange Commission will reconsider the Winklevoss ETF.
  Back in March, the SEC rejected plans for two bitcoin ET
  
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• Democrats and Trump both failed to get their biggest wish in the budget deal

  01-05-2017 17:37 via feedproxy.google.com
  
  Congressional leaders agreed to a $1.07 trillion bill to keep the federal government open late Sunday, but both Democrats and Republicans left the negotiations without some of their biggest priorities.
  Two of the big asks from both sides did not find their way into the budget deal, which made the process smoother for now but likely sets up a number of political battles down the road.
  Obamacare funds
  Democrats hoped to include funding for the Affordable Care Act's cost-sharing
  
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• Twitter is surging after announcing it's teaming up with Bloomberg on a streaming news service (TWTR)

  01-05-2017 17:07 via feedproxy.google.com
  
  Shares of Twitter are up 6% on Monday at $17.47 as of 10:33 a.m. ET after the Wall Street Journal reported that the social media company will be teaming up with Bloomberg to launch a 24 hours a day, seven days a week streaming news service.
  Twitter shares are up 18.5% since reporting earnings that beat expectations on April 26. 
  After the company's earnings beat on Wednesday, Twitter co-founder and CEO Jack Dorsey, announced via Twitter that he had purchased a
  
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• ‘We want to be Uber for trains’ says Trainline’s new marketing boss

  01-05-2017 09:00
  
  Trainline has big plans for its business. It already sells tickets through its website and mobile apps in 24 different European countries, working with 48 train operators, and covering 78% of Europe’s train lines.
  The company was founded in 1997 as part of Virgin Rail but spun out in 2002 as a standalone business. It has since expanded rapidly and last year acquired Captain Train in its bid to create the biggest digital rail ticket retailer in Europe.
  It now wants to establish itself as th
  
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• Verizon's measurement priorities

  01-05-2017 02:00
  
  ORLANDO, FL: Verizon, the telecoms giant, is seeking enhanced measurement solutions and third-party verification to help improve its understanding of marketing performance.John Nitti, Chief Media Officer at Verizon, discussed this topic at the...
  
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• 'Serendipitous' content connects with consumers

  01-05-2017 02:00
  
  LONDON: Almost two-thirds (63%) of UK consumers enjoy coming across useful or interesting content when browsing online, but most are unaware that their online experiences are often limited by social media and search preference algorithms.That is...
  
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• Qantas goes back to basics on data

  01-05-2017 02:00
  
  SYDNEY: Qantas, Australia's national airline, is embracing data to personalise its customer experience at a one-to-one level, a senior marketer at the company has revealed.Stephanie Tully, Chief Marketing Officer at Qantas, told the recent ADMA...
  
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• More must be done to tackle China ad fraud

  01-05-2017 02:00
  
  BEIJING: AdMaster, a Chinese marketing technology firm, released a white paper last year that highlighted the scale of digital ad fraud in China and now two leading executives from the company have warned that the problem is getting worse.Calvin...
  
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• Half of UK youngsters watch pirated sports

  01-05-2017 02:00
  
  LONDON: Pirated sports content risks becoming the norm among young Britons, a new report has warned after finding that more than half (54%) of 18- to 24-year-olds have admitted to watching illegal streams of live events.A third of these young...
  
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• Good use of data underpins email marketing

  01-05-2017 02:00
  
  NEW YORK/LONDON: Brands that use email in their marketing mix differ widely in their performance, with the best of them making use of customer data to improve message timing and content, according to a new study.Dotmailer, an email marketing...
  
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• 2017 will see 3.5bn internet users worldwide

  01-05-2017 02:00
  
  GLOBAL: Close to half (46.8%) of the world's population, or around 3.5bn people, will be users of the internet this year, according to updated estimates from eMarketer.The New York-based research firm also forecasts that global internet...
  
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