Sales & Marketing news

• The House quietly voted to destroy post-financial-crisis Wall Street regulations

  08-06-2017 22:56 via feedproxy.google.com
  
  While across Capitol Hill on Thursday the Senate was drawing attention for its hearing with James Comey, the fired FBI director, the House passed a bill to roll back some of the strongest Wall Street regulations from the financial crisis.
  The Financial CHOICE Act, a massive bill from Republican Rep. Jeb Hensarling, the chairman of the House Financial Services Committee, would do away with many of the protections in the landmark Dodd-Frank Act.
  The bill passed 233-186 with 11 abstaining. The vote
  
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• Meanwhile, the House quietly voted to destroy post-financial crisis Wall Street regulations

  08-06-2017 22:56 via feedproxy.google.com
  
  While across Capitol Hill the Senate was drawing attention for its hearings with fired FBI director James Comey, the House passed a bill to roll back some of the strongest Wall Street regulations from the financial crisis.
  The Financial CHOICE Act, a massive bill from House Financial Services Chairman Jeb Hensarling, would do away with many of the protections in the landmark Dodd-Frank Act.
  The bill passed 233 to 186 with 11 abstaining. The vote was along party lines except for one Republic
  
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• The FDA just asked a drugmaker to remove its opioid painkiller from the market — and the stock is plunging (ENDP)

  08-06-2017 22:49 via feedproxy.google.com
  
  The FDA just requested that Endo International take its extended-release opioid painkiller Opana ER (otherwise known as oxymorphone hydrochloride) off the market.
  The agency said that the decision came after it found that the drug's benefits no longer outweighed its risk for abuse. 
  "We are facing an opioid epidemic – a public health crisis, and we must take all necessary steps to reduce the scope of opioid misuse and abuse," FDA commissioner Scott Gottlieb said in
  
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• Wall Street just got some terrible news from the Comey testimony

  08-06-2017 22:08 via feedproxy.google.com
  
  While there was plenty of news to chew on from former FBI Director James Comey's testimony before to the Senate Intelligence Committee on Thursday, it is clear that the investigation into Russia's influence on the 2016 election and President Donald Trump's campaign is far from over.
  That means nothing good for Wall Street.
  Isaac Boltansky of the political-research firm Compass Point told Business Insider that the Comey hearing proved nothing would be resolved anytime soo
  
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• STOCKS EDGE HIGHER AFTER COMEY TESTIFIES: Here's what you need to know

  08-06-2017 22:00 via feedproxy.google.com
  
  Stocks were little changed on Thursday as investors digested former FBI director James Comey's Congressional testimony.
  While the S&P 500 and Dow barely budged, the Nasdaq Composite index climbed 0.3% to a new record. All three gauges hit all-time highs last Friday.
  First up, the scoreboard:
  Dow: 21,182.58, +8.89, (+0.04%)
  S&P 500: 2,433.77, +0.63, (+0.03%)
  Nasdaq: 6,322.52, +25.16, (+0.40%)
  US 10-year yield: 2.194%, +0.016
  WTI crude oil: $45.62, -0.10, -0.22%
  1. Wall Street is batt
  
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• Senate Republicans may save Obamacare right before they repeal it

  08-06-2017 20:29 via feedproxy.google.com
  
  Senate Republicans may just save Obamacare — right before they tear it up.
  According to a report from Jennifer Steinhauer and Robert Pear at the New York Times, Republicans are considering a measure that would help stabilize the Affordable Care Act's individual insurance markets for the short-term during their drafting of a bill to repeal and replace the law.
  As part of crafting their healthcare bill, the Times reported, Senate Republicans are considering funding the cost sh
  
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• JPMorgan's COO, once considered an heir to Jamie Dimon, is leaving the bank (JPM)

  08-06-2017 20:13 via feedproxy.google.com
  
  JPMorgan Chase Chief Operating Officer Matt Zames will leave the bank in a matter of weeks, and his duties are being transferred to a number of other senior executives, Chief Executive Jamie Dimon said in an internal memo seen by Reuters on Thursday.
  Dimon did not provide a reason for Zames' departure but thanked him for his 13 years with the bank and said he was sad to see him go.
  "Matt has worked tirelessly across many disciplines to help make us a better company. We are extremely gratefu
  
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• ELON MUSK TAUNTS TESLA SHORT SELLERS: 'These guys want us to die so bad they can taste it' (TSLA)

  08-06-2017 20:00 via feedproxy.google.com
  
  Elon Musk just took another jab at the short sellers who keep getting burned by Tesla's surging stock.
  "These guys want us to die so bad they can taste it," he tweeted, referring to the pessimists who have made Tesla the most shorted company in the US stock market.
  Minutes before, he had tweeted an Investopedia article that cited a report from the financial analytics firm S3 Partners saying investors were holding short $10.4 billion of Tesla stock. "Could be worse," he said.
  Tesla's stock is up
  
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• Wall Street is battling over whether scorching-hot tech stocks are too expensive

  08-06-2017 18:43 via feedproxy.google.com
  
  Are tech stocks overvalued? Depends on who you ask — and what metric you use.
  On one hand, the price-to-earnings ratio (P/E), the most traditional measure of valuation, remains low relative to both history for the tech sector and the broader S&P 500.
  On the other, the ratio of tech enterprise value to sales is the highest since the dotcom bubble when compared to the benchmark. Not to mention that the tech trade is more crowded with large fund managers than at any point since the s
  
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• Beefeater Gin unveils brand refresh as it returns with first major campaign in 12 years

  08-06-2017 18:40
  
  Beefeater Gin has overhauled its advertising to focus less on London stereotypes and adopt a “more modern” approach.
  The Pernod Ricard-owned brand has launched a new “brand world” in co-ordination with creative agency Impero, in a bid to target a new generation of gin drinkers.
  The brand claims the activity is its “first true” above-the-line campaign in the UK for 12 years. The new nationwide campaign includes murals in both London and Manchester, as well as t
  
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• US car sales have soared the last 2 years — but the future doesn't look as promising

  08-06-2017 18:20 via feedproxy.google.com
  
  The auto sales boom is over. That's the view of Morgan Stanley analyst Adam Jonas.
  On Thursday, Jonas published a note significantly lowering his sales expectations for 2017 — a drop from 18.3 million for the full year to 17.3 million.
  This wasn't a tough call. The sales pace for May came in under 17 million for a fourth consecutive month, signaling that another record year is unlikely.
  The best case is that 2017 will match 2016's 17.55 million. A pace of 18 million hasn't looked probable
  
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• Kansas Republicans scrapped the state's disastrous tax cuts that look a lot like Trump's plan

  08-06-2017 17:54 via feedproxy.google.com
  
  The Kansas state legislature voted on Monday to raise taxes in an effort to reduce the state's massive budget shortfall.
  Republican Governor Sam Brownback — who slashed the Kansas business tax rate down to 0% in 2013 as part of the state's largest-ever tax cuts — quickly vetoed the bill.
  But both chambers of the state's Republican-controlled legislature overrode the Governor's veto on Tuesday, effectively putting an end to the 2013 tax cuts.
  The state legislature
  
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• A notorious activist investor explains why he came to love that label

  08-06-2017 16:55 via feedproxy.google.com
  
  Billionaire Paul Singer, founder of hedge fund Elliott Management, is a polarizing figure.
  As an activist investor — who tries to shake up boardrooms or challenge corporate leadership — he is admired by many investors but demonized by those he targets for his contentious fights.
  A 15-year battle with the government of Argentina earned him the label of a vulture, and the CEO of a company his fund targeted recently sent a letter to Singer with veiled threats.
  Singer
  
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• Delays in Apple's supply chain mean the newest iPhone might be late (AAPL)

  08-06-2017 16:53 via feedproxy.google.com
  
  Apple fans may have to wait longer than normal to get their hands on the newest iPhone.
  Supply chain manufacturers for Apple's new iPhone have said the production ramp initiated for the new phone is taking longer than expected, especially the OLED screen portion of the supply chain. This could reduce iPhone availability after its expected launch in September or even push back its launch, according to an investor note from RBC Capital Markets.
  Apple is expected to integrate its home bu
  
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• Snap slides to a nearly 1-month low (SNAP)

  08-06-2017 16:00 via feedproxy.google.com
  
  Snap's stock price has fallen around 5% in early trading Thursday.
  The ephemeral messaging company is now trading at its lowest levels in nearly a month.
  This comes as no surprise, as bearish bets against the company have been on the rise. The ratio of puts to calls is 1.7-to-1, the highest since March 17, the fifth day of trading for the company. The ratio was as high as 3-to-1 shortly after options trading began in mid-March.
  Data from the company shows user growt
  
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• One of history's most reliable stock-trading strategies is struggling

  08-06-2017 15:24 via feedproxy.google.com
  Buy low, sell high. It's a classic adage — one that has helped stock investors reap consistent gains for the better part of seven decades.
  Until now.
  Having returned 5% on average each year from 1940 through 2007, the so-called value trade has lost 2% per year over the past decade, according to Goldman Sachs data. It's down 10% this year alone, badly lagging an S&P 500 that has climbed 8.7%.
  The decline of the value strategy has mirrored the rise of passive investing and quantitative t
  
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• The Japanese yen is dipping after disappointing GDP data

  08-06-2017 15:17 via feedproxy.google.com
  
  The Japanese yen slid after some disappointing GDP data.
  The yen was down by about 0.3% around 110.22 per US dollar around 8 a.m. ET after climbing as high as 109.44 in early action.
  It retraced some of its losses, trading down by 0.2% at 110.02 per dollar at 8:52 a.m. ET.
  The final reading showed that Japan's GDP rose by 0.3% in the first quarter, below the preliminary reading of 0.5%.
  Economists were expecting 0.6% growth, according to Bloomberg data.
  "R
  
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• Nordstrom shares soar 20% after announcement it might go private (JWN)

  08-06-2017 15:17 via feedproxy.google.com
  
  Nordstrom, Inc. shares are soaring as much as 20% in pre-market trading on reports the brand is exploring going private. 
  The company has formed a committee to look into the matter, according to a news release. 
  Shares have been volatile for the past year as Nordstrom announces declining sales. The entire department-store sector has been hit, with Macy's, Sears, and JCPenney closing hundreds of stores. 
  Nordstrom has been moving into the discount space. The company's off-pric
  
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• Alibaba soars to a record high after saying its revenue is going to explode (BABA)

  08-06-2017 15:04 via feedproxy.google.com
  
  Alibaba shares hit record highs Thursday before the markets even opened.
  Shares of the e-commerce giant were up around 13% in premarket trading after the company forecasted a nearly 50% year-over-year increase in 2018 revenue. The increase was much higher than 35.8% growth that analysts had forecast, according to Yahoo Finance.
  The growth is impressive but less so than the numbers Alibaba posted in its fiscal year 2017, which ended in March. Last fiscal year, the company increased revenue by 56%
  
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• The Comey testimony ensures that Trump's healthcare reform and tax cuts 'will stay stalled'

  08-06-2017 14:32 via feedproxy.google.com
  
  Former FBI Director James Comey's prepared opening remarks before the Senate Intelligence Committee were released Wednesday, kicking off a beehive of media attention the day before Comey heads to Capitol Hill.
  While the legal and political implications of the testimony for Trump remain unclear, policy analysts say the event — which has been likened to the Super Bowl — will only hurt Trump's legislative agenda going forward.
  "There's nothing in [the prepared Comey testimony]
  
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• Initial jobless claims fall less than expected

  08-06-2017 14:30 via feedproxy.google.com
  
  Initial jobless claims fell less than expected.
  Claims, which count the number of people who applied for unemployment insurance for the first time, fell to 245,000, according to the Labor Department.
  Economists were expecting claims to fall to 240,000 from the prior week's upwardly revised 255,000.
  Initial jobless claims are used as a real-time proxy for the pace of layoffs since people usually file for benefits soon after they lose their jobs. 
  The four-week moving average came in at 
  
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• Airline stocks have finally recovered all their losses since September 11, 2001

  08-06-2017 14:28 via feedproxy.google.com
  
  After nearly 17 years, the airline industry has made it back to its level from just before the September 11 attack on the World Trade Center.
  The NYSE Airline Index closed on September 10, 2001 at $116.97, re-opened September 17, 2011 at $69.85, and eventually bottomed just above $14 in March 2009. As of the market close on Wednesday, the index was at $118.12.
  The nearly two-decade rebound comes after a confluence of factors allowed the industry to bounce back after looking l
  
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• International round-up: PepsiCo reviews media buying in Australia, the Russian vending machine selling Instagram likes

  08-06-2017 13:31
  
  PepsiCo reviews media buying and planning in Australia
  PepsiCo has begun a closed media review in Australia placing its current agency PHD on notice, according to AdNews.
  The global soft drink and snack food giant is reviewing media across all its business divisions – Pepsi beverages (Pepsi, Pepsi Max, Pepsi Next, Mountain Dew, 7Up and Gatorade); Smith’s Snackfoods (Smith’s, Doritos, Twisties, Red Rock Deli, Nobby’s Nuts and Grain Waves) and the Quaker oats range.
  It is b
  
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• International round-up: Nike’s branded bandages & PepsiCo’s media review

  08-06-2017 13:31
  
  PepsiCo reviews media buying and planning in Australia
  PepsiCo has begun a closed media review in Australia placing its current agency PHD on notice, according to AdNews.
  The global soft drink and snack food giant is reviewing media across all its business divisions – Pepsi beverages (Pepsi, Pepsi Max, Pepsi Next, Mountain Dew, 7Up and Gatorade); Smith’s Snackfoods (Smith’s, Doritos, Twisties, Red Rock Deli, Nobby’s Nuts and Grain Waves) and the Quaker oats range.
  It is b
  
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• Marketers becoming ‘paranoid’ over reliability of marketing metrics

  08-06-2017 11:26
  
  A whopping 70% of senior marketers believe media measurement currencies are becoming “increasingly corrupted”, according to the second Media2020 report by Media Sense, ISBA and IPSOS Connect.
  Having surveyed more than 250 senior British marketers, the report shows nearly a quarter (23%) are “losing sleep” over recent high-profile measurement errors.
  According to Andy Pearch, co-founder of MediaSense and the author of the report, marketers are becoming increasingly paranoi
  
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• Meet the healthcare disruptors treating patients like demanding consumers

  08-06-2017 10:19
  
  From ordering a taxi to having your favourite meal delivered direct to your door, consumers have come to expect slick service in every aspect of their lives. Every aspect, that is, except healthcare.
  Whether it is waiting two weeks for a doctor’s appointment or struggling to organise a repeat prescription, the healthcare experience in 2017 can feel like stepping back in time.
  That is until now. As Marketing Week’s 100 Disruptive Brands 2017 list shows, health is a fertile g
  
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• Healthcare disruptors on why you need to treat patients like consumers

  08-06-2017 10:19
  
  From ordering a taxi to having your favourite meal delivered direct to your door, consumers have come to expect slick service in every aspect of their lives. Every aspect, that is, except healthcare.
  Whether it is waiting two weeks for a doctor’s appointment or struggling to organise a repeat prescription, the healthcare experience in 2017 can feel like stepping back in time.
  That is until now. As Marketing Week’s 100 Disruptive Brands 2017 list shows, health is a fertile g
  
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• WARC Awards: Effective Content shortlist announced

  08-06-2017 02:00
  
  LONDON: Campaigns for adidas, KFC and Volkswagen are among the 20 papers from around the world that have been shortlisted for the Effective Content Strategy category in the 2017 WARC Awards which recognise next-generation marketing effectiveness. ...
  
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• War on intrusive ads could change web

  08-06-2017 02:00
  
  NEW YORK: With both Google and Apple taking steps to introduce ad blocking features to their browsers, the tech giants are not only addressing the current concerns of users but also potentially changing the way the web works.Apple has
  
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• The three drivers of customer satisfaction in home improvement

  08-06-2017 02:00
  
  COSTA MESA, CA: Customer satisfaction in the $360bn US home improvement market is driven by three factors which have significant impact on repurchase and recommendation, according to a new study.The
  
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• Indian Motorcycle taps 'old-school' tactics

  08-06-2017 02:00
  
  CHICAGO: Indian Motorcycle is giving "old-school" marketing a key role in its strategy as the brand seeks to engage with current and potential riders and, ultimately, drive new purchases.Pam Kermisch, Senior Director/Integrated Marketing and...
  
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• CMO priorities shift as media ecosystem hits 'peak complexity'

  08-06-2017 02:00
  
  LONDON: A rapidly evolving media ecosystem has now reached "peak complexity" and CMOs' priorities have shifted accordingly, with control over customer strategy and data, organisational integration, and brand safety the focus for 2020, according to a...
  
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• China is mobile marketing trailblazer

  08-06-2017 02:00
  
  BEIJING: China is set to become the most influential trendsetter in the world of mobile marketing and omnichannel integration, according to a senior figure in Tencent, creator of WeChat.Steven Chang, who as Corporate Vice-President at Tencent...
  
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• Aussie adland fails to understand ordinary people

  08-06-2017 02:00
  
  SYDNEY: Advertising professionals in Australia are out of touch with the average citizen as regards lifestyle and media habits, which could be resulting in mistaken media buys, according to a new report.In AdNation, a study commissioned by...
  
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