Sales & Marketing news

• Under the Senate healthcare bill, an oil crash could eventually influence poor Americans’ healthcare

  22-06-2017 23:58 via feedproxy.google.com
  
  Senate Republican leadership on Thursday released a draft of its long-awaited healthcare bill, the Better Care Reconciliation Act of 2017.Like the American Health Care Act, passed by the House in May, the bill proposes a fundamental restructuring and deep cuts to Medicaid, the government-run health program that provides insurance primarily to pregnant women, single mothers, people with disabilities, and seniors with low incomes.
  But the BCRA, the Senate's bill, makes even mor
  
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• Oracle's blow-out earnings caused over 20 Wall Street analysts to raise price targets

  22-06-2017 23:24 via feedproxy.google.com
  
  Cloud computing really is starting to breath new life into Oracle.
  The company had blow-out Q4 2017 earnings Wednesday thanks to 58% year-over-year growth for the quarter in cloud.
  A sunny outlook caused the stock to hit a 52-week high of $51.85 on Thursday before settling down to about $50 in the afternoon.
  And that inspired 21 of 38 analysts surveyed by FactSet to predict that the stock will rise even higher, according to MarketWatch's Tomi Kilgore.
  Analysts, on average, now bel
  
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• Deutsche Bank unexpectedly pulled an offer to hire a top executive at the last minute (DB)

  22-06-2017 23:12 via feedproxy.google.com
  
  Deutsche Bank unexpectedly pulled an offer to hire a top executive at the last minute, people familiar with the matter said, delaying its efforts to end churn at its fixed-income operation.
  Rob Allard, a former Deutsche Bank executive who ran the structured product sales team before moving to Goldman Sachs in 2008, was due to join the bank as head of US fixed-income sales. He was set to replace John Gallo in that role. Matt Scully at Bloomberg reported the hire last week. 
  Ho
  
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• Best Bath and Beyond plunges after missing across the board (BBBY)

  22-06-2017 22:30 via feedproxy.google.com
  
  Bed Bath & Beyond is falling after missing earnings.
  Shares are down 11.38% in aftermarket trading Thursday, trading around $30.06.
  The company announced adjusted earnings of $0.53 per share, which was lower than the $0.66 that Wall Street was expecting. The results were much lower than the $0.80 per share in the same quarter of last year.
  Comparable sales also missed estimates, decreasing by 2% compared to estimates of a slight 0.3% increase.
  Revenue came in at $2.74 bi
  
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• Kalanick's resignation as Uber's CEO has put an IPO in doubt — but there's still a precarious path to a public offering

  22-06-2017 22:16 via feedproxy.google.com
  
  •Uber has been in crisis for months, culminating in CEO Travis Kalanick's resignation.
  •A much-anticipated IPO will now be even more delayed.
  •The Uber board is now in a very challenging position.
  Travis Kalanick stepped down on Tuesday as Uber's CEO, amid a series of crises that have roiled the ride-hailing startup and it's nearly $70-billion valuation.
  The explanation is that the big money had seen enough of the Travis show (although Kalanick will remain on Uber's board).
  
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• Millennials are about to benefit from 'one of the largest intergenerational wealth transfers in history'

  22-06-2017 22:15 via feedproxy.google.com
  Millennials matter. 
  That's the thesis of a white paper out by UBS. According to the Swiss bank, Wall Street is at the precipice of a massive transfer of wealth, the likes of which has never been seen.
  Older millennials are approaching "peak income" age and Baby Boomers, the generation born following WWII, are set to pass on trillions of dollars of wealth in the coming years to younger generations. 
  In just three years global millennial wealth could stand at $24 trillion, according to
  
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• Doctors and patient advocates are slamming the Senate Republicans' healthcare plan

  22-06-2017 22:02 via feedproxy.google.com
  
  Doctors and patient groups slammed the Better Care Reconciliation Act released by Republican Senators on Thursday, taking issue in particular with Medicaid cuts in the bill.The groups, including the American Academy of Pediatrics and American Hospital Association, are critical of Republican efforts to repeal and replace the Affordable Care Act, better known as Obamacare.The Senate's plan, like one passed by the
  House of Representatives rolls back many of the provisions of Obamacare, including ta
  
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• STOCKS ERASE GAINS, END FLAT: Here's what you need to know

  22-06-2017 22:01 via feedproxy.google.com
  
  Stocks were little changed on Thursday as surging healthcare companies that got a boost from the much-anticipated GOP Senate healthcare bill were offset by losses in consumer staples and financials.
  The S&P 500 and Dow Jones Industrial Average were almost completely flat, while the Nasdaq eked out a less than 0.1% increase. All three indexes moved higher earlier in the day before erasing gains in the last hour of trading.
  First up, the scoreboard:
  Dow: 21,397.29, -12
  
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• JPMORGAN: There's a chance Walmart will go head-to-head with Amazon to buy Whole Foods (AMZN, WMT, WFM)

  22-06-2017 21:48 via feedproxy.google.com
  
  Amazon's deal to acquire Whole Foods merger may seem like a dream come true to some, but there's a realistic chance Walmart could still swoop in to trump Amazon's $13.7 billion offer, according to JPMorgan. 
  Whole Foods stock has been trading above Amazon's offer of $42 a share, signaling that investors believe a bidding war could emerge and drive up the final price for Whole Foods.
  Competitors like Target, Costco, and Kroger have been rumored as potential suitors,
  
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• Wall Street is waking up to a key demand of millennial investors

  22-06-2017 21:22 via feedproxy.google.com
  
  Millennials are more connected and aware of global issues than ever, which is changing the way they approach investing their wealth.
  According to a new UBS report, millennials as a generation will likely be worth $24 trillion by 2020. That figure is one and a half times US gross domestic product.But young investors are not only looking for financial returns — they want to put that wealth to work for the public good.
  "Our wealthiest millennial clients
  
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• Warren Buffett lives in a modest house that's worth .001% of his total wealth — here's what it looks like

  22-06-2017 21:15 via feedproxy.google.com
  
  Located in a quiet neighborhood of Omaha, Nebraska lies the home of billionaire Warren Buffett. He bought the house for $31,500 in 1958 or about $250,000 in today's dollars. It's now worth an estimated $652,619. He calls it the "third-best investment he's ever made." Join the conversation about this story »
  
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• Here's where Americans are moving to and from

  22-06-2017 20:58 via feedproxy.google.com
  
  The US Census Bureau recently released its annual statistics on population change between July 1, 2015 and July 1, 2016 in the 3,142 counties and county-equivalents that make up the country.
  The release included estimates of the components of that population change, including net domestic migration, or how many people moved into a county from somewhere else in the US minus how many people left that county.
  Oil-rich counties in North Dakota, Montana, Oklahoma, and Texas all saw big numb
  
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• Tesla is rallying after announcing it's exploring a factory in China (TSLA)

  22-06-2017 20:53 via feedproxy.google.com
  
  Shares of Tesla are popping, up more than 2%, after the company announced it is exploring a car factory in China.
  Rumors have been circulating ever since Musk visited the country and met with high-ranking officials at the end of April, but the news was confirmed Thursday afternoon. Tesla shares jumped shortly after the confirmation.
  The company had previously announced plans to increase car production to 500,000 vehicles a year. That's something a Chinese plant would help acc
  
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• Traders betting against restaurants are getting clobbered (CMG, SBUX, MCD, DRI, CBRL, DPZ, YUM, DNKN, CAKE, SHAK)

  22-06-2017 20:26 via feedproxy.google.com
  
  It was forecast to be a tough year for chain restaurants. 
  Cheaper groceries and more expensive food at restaurants slowed restaurant sales in 2016. Restaurants were also faced with rising pressure to raise their workers' wages. 
  But traders who bet against some of the industry's big names are mostly counting losses. 
  "The entire restaurant sector has not been kind to short sellers this year with only one stock in the top ten, The Cheesecake Factory, profitable in 2017," said
  
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• 4 GOP senators, including Rand Paul and Ted Cruz, come out against Senate healthcare bill — enough to kill it

  22-06-2017 20:10 via feedproxy.google.com
  
  Hours after the release of the Better Care Reconciliation Act (BCRA), the Senate Republican vehicle to repeal and replace Obamacare, four Republican senators signaled they opposed it in its current form.
  Sens. Rand Paul, Ted Cruz, Mike Lee, and Ron Johnson said they will not support the current version of the bill, enough defections to prevent the legislation from passing the Senate.
  "Currently, for a variety of reasons, we are not ready to vote for this bill, but we are open to negoti
  
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• The Senate healthcare bill will face its biggest test early next week

  22-06-2017 19:50 via feedproxy.google.com
  
  The Congressional Budget Office will release its score for the Senate's healthcare bill early next week.
  The report from the CBO and the Joint Committee on taxation will estimate changes to the number of people with healthcare coverage, changes to the federal deficit, and other potential effects of the Better Care Reconciliation Act released by Senate Republicans on Thursday.
  "CBO and the staff of the Joint Committee on Taxation are in the process of preparing an estimate for the Senate hea
  
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• UBS: Oracle jumps 10% after earnings — and the gains won't stop there (ORCL)

  22-06-2017 19:23 via feedproxy.google.com
  
  Oracle destroyed earnings Wednesday. 
  Shares of the company gained about 10% after the better than expected results.
  UBS analyst Fatima Boolani thinks this is just the beginning for Oracle and shares are only going up from here.
  With a price target of $52, about 4% higher than Oracle's current price, Boolani says the cloud-computing focus and better revenue streams is what will drive the stock higher.
  "With shares +10% after-hours, the durability of the margin profile and mgmt's reiteratio
  
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• Facebook has a new mission statement: 'to bring the world closer together' (FB)

  22-06-2017 19:15 via feedproxy.google.com
  
  Facebook has a new mission statement.
  Instead of making the world "more open and connected," Facebook's goal now is to "bring the world closer together," CEO Mark Zuckerberg said at a Thursday event in Chicago for Facebook group admins.
  The announcement comes in the wake of a lengthy manifesto Zuckerberg wrote earlier this year about Facebook's role in "developing the social infrastructure for community."
  "I used to think that if we just gave people a voice and helped people connect,
  
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• ‘Brands must do more on LGBT representation’ argues Pride as it launches first ever TV ads

  22-06-2017 18:02
  
  Some of the OOH posters for Pride In London’s ‘Love Happens Here’ campaignAnnual festival Pride in London believes the advertising industry still has a “long way to go” on LGBT representation, and is urging brands to help combat a recent rise in gay hate crimes.
  On Saturday (24 June), Pride In London will launch four 30-second films, created by agency WCRS, on Channel 4, with each focusing on the story of a fictional character who has lost a loved one due to coming
  
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• International round-up: Google’s potential fine, Alibaba partners with Publicis

  22-06-2017 16:30
  
  McDonald’s wins the right to call itself ‘Australia’s most popular’
  Not everybody was in agreement with an Austrailian TV ad for McDonald’s that claimed “when you try a freshly-made coffee at McCafe, you’re enjoying Australia’s most popular barista made coffee”.
  In fact, a complaint was submitted to Australia’s Advertising Standards Bureau (ASB) questioning the authenticity of McDonald’s claims.
  In an epic three-page response, McD
  
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• International round-up: Google potential fine, Alibaba partners with Publicis

  22-06-2017 16:30
  
  McDonald’s wins the right to call itself ‘Australia’s most popular’
  Not everybody was in agreement with an Austrailian TV ad for McDonald’s that claimed “when you try a freshly-made coffee at McCafe, you’re enjoying Australia’s most popular barista made coffee”.
  In fact, a complaint was submitted to Australia’s Advertising Standards Bureau (ASB) questioning the authenticity of McDonald’s claims.
  In an epic three-page response, McD
  
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• HP’s CMO: We must be business people first and marketers second

  22-06-2017 13:46
  
  HP’s Antonio Lucio, Diageo’s Syl Saller and Alison Lewis from Johnson & Johnson speak at Cannes LionsThe job of a senior marketer is more complex than it has ever been but the key to becoming a more influential marketer has never been simpler – drive growth in your business, according to HP CMO Antonio Lucio.
  The convergence between corporate communications and marketing, and the fragmentation of media and data means the “role is getting is getting wider, more comple
  
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• Why Pinterest doesn’t want users to spend more time with the brand

  22-06-2017 11:37
  
  For most brands dwell time is a key indicator of engagement. But for Pinterest president Tim Kendall, making people stay on the site longer means the brand has failed.
  He says the brand’s goal is to figure out the way people can spend the least amount of time using Pinterest in order to achieve their objective, whether that’s planning a wedding or finding a recipe to cook that evening.
  “At Pinterest we don’t measure time spent,” he says, talking to Marketing We
  
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• Vote for your Brand of the Year

  22-06-2017 11:06
  
  Voting is now open for the Brand of the Year in the 2017 Marketing Week Masters of Marketing Awards.
  Up for the award this year are Amazon, Argos, Aviva, Brewdog, Cancer Research UK, Just Eat, Maltesers, McDonald’s, Tesco and Yorkshire Tea. Each one has a unique reason why it has made the shortlist, and you can read more about each individual brand below.
  The Brand of the Year will be chosen by a combination of your votes and the thoughts of our stellar panel of judges.
  To vote, visit the
  
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• Marketoonist on extreme market research

  22-06-2017 10:39
  
  Tom Fishburne is founder of Marketoon Studios. Follow his work at marketoonist.com or on Twitter @tomfishburne
  See more of the Marketoonist here
  The post Marketoonist on extreme market research appeared first on Marketing Week.
  
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• Voice tech gains acceptance

  22-06-2017 01:35
  
  GLOBAL: Almost half of smartphone users around the world use their device's voice technology at least once a month while around one third do so on a weekly basis, according to a new study.The global version of the
  
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• Publicis bets on Marcel AI

  22-06-2017 01:35
  
  CANNES: Publicis Groupe has announced it will focus all its spending for the next year on the development of a new AI-powered professional assistant platform, Marcel, and will be withdrawing from all awards and trade shows during that time.The...
  
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• Pfizer boosts corporate brand perceptions

  22-06-2017 01:35
  
  CANNES: Pfizer, the pharma giant, managed to meaningfully shift consumer perceptions of its corporate brand through an advertising campaign that aimed to give the company a more human face.Dana Gandsman, Senior Director/Reputation Communications...
  
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• No retail spaces are safe

  22-06-2017 01:35
  
  CAMBRIDGE, MA: Amazon's acquisition of the Whole Foods Market grocery chain last week has accelerated the trend towards a fusion of digital and physical retail, according to an industry figure.Writing on the Harvard Business Review site,Darrell...
  
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• More women needed to market to women

  22-06-2017 01:35
  
  GLOBAL: The marketing community not only needs to move away from stereotypical depictions of women in advertising if it is to successfully reach this group, but also to recruit more women to senior positions, an industry figure has argued.In a...
  
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• Johnson & Johnson takes 'CIA' approach to content

  22-06-2017 01:35
  
  SINGAPORE: The spread of mobile coupled with the fact that over 45% of Asia's population are millennials has been a marketing game-changer for Johnson & Johnson, according to a leading executive."What has changed with digital is that the main...
  
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• India OOH grows up

  22-06-2017 01:35
  
  MUMBAI: India's out-of-home (OOH) sector is experiencing a surge as advertisers explore new ways to reach consumers and as operators upgrade their measurement capabilities."In India, lack of a common currency (to measure outdoor) has long been a...
  
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