Sales & Marketing news

• Trump is reportedly unlikely to consider nominating Gary Cohn as the next Fed chair

  06-09-2017 23:07 via feedproxy.google.com
  President Donald Trump is unlikely to consider Gary Cohn, his top economic adviser, as the nominee for Federal Reserve chair, The Wall Street Journal reported Wednesday. 
  This is largely because of Cohn's public rebuke of Trump's initial response to the deadly white-supremacist riots in Charlottesville last month, the report said.
  Cohn, who is Jewish, told the Financial Times that the administration must do more to condemn neo-Nazis.
  The New York Times reported that
  
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• This photo of Trump and Schumer gives a behind-the-scenes look at the meeting that reportedly left GOP leaders furious

  06-09-2017 23:05 via feedproxy.google.com
  President Donald Trump agreed to tack on a three-month suspension of the federal debt ceiling to a bill that would also include money for Hurricane Harvey relief during a meeting with top Republican and Democratic leaders.
  According to a source briefed on the meeting, Trump defied every top Republican in the room — along with his own Treasury secretary — by agreeing with Democratic congressional leaders Chuck Schumer and Nancy Pelosi on the shorter debt ceil
  
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• The company behind the burger chain that Kanye West and Nicki Minaj are obsessed with is planning to raise $24 million in its IPO

  06-09-2017 23:01 via feedproxy.google.com
  A burger chain with a cult following is ready to claim the "FAT" ticker on the Nasdaq Stock Exchange. 
  On Wednesday, FAT Brands Inc. — the parent company of Fatburger, as well as Buffalo's Cafe and Buffalo's Express — announced that it plans to raise $24 million in its initial public offering, offering two million shares at $12 per share. The company has applied to list its shares on the Nasdaq, under the ticker FAT.
  FAT Brands also announced on Wednesday that it
  
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• There's only one deadly conspiracy Americans really need to think about

  06-09-2017 22:36 via feedproxy.google.com
  America in 2017 is a volley of ridiculous conspiracies. I'd list them, but I get angry just thinking about them.
  I get angrier still thinking about the conspiracy going on right under everyone's noses — one that is never framed as such. We talk about it, but never the right way. The opioid crisis didn't fall out of the sky. It was the outcome of a concerted effort by some drug companies to get as many people buying opioids as possible — even people who didn't need them.
  It was a plan
  
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• Restoration Hardware explodes more than 30% after crushing earnings and raising guidance (RH)

  06-09-2017 22:30 via feedproxy.google.com
  Restoration Hardware on Wednesday announced a forecast for third-quarter and full year adjusted earnings that flew past its previous expectations, sending its shares sharply higher in extended trading. 
  The high-end furniture retailer said it saw third-quarter earnings in a range of $0.68 to $0.80, beating the forecast for $0.38 according to Bloomberg. 
  For the full-year, RH said it sees earnings of $2.43 to $2.67, handily beating its previous estimate of $1.67
  
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• Employees at the world's largest hedge fund use iPads to rate each other's performance in real-time — see how it works

  06-09-2017 22:17 via feedproxy.google.com
  Ray Dalio runs Bridgewater Associates, the world's largest hedge fund, according to the principles of "radical truth" and "radical transparency."
  Employees rate each other across over 100 attributes on a 1-10 scale in an iPad app called "Dots."
  Dalio demoed the app to the TED 2017 audience in April, now publicly available to watch.
  At Bridgewater Associates, the world's largest hedge fund, all 1,500 employees are constantly rating each other across more than 100 attributes on a 1-10 scale.
  In a
  
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• Trump bucked his own Treasury secretary and every top Republican by agreeing to a deal with Democrats on the debt ceiling

  06-09-2017 22:09 via feedproxy.google.com
  President Donald Trump sided with Democrats during a crucial meeting on the debt ceiling and other congressional priorities Wednesday, bucking his own Treasury secretary and leaving key members of his party furious.
  The meeting was designed to discuss legislation to provide relief for Hurricane Harvey, raise or suspend the debt ceiling, and fund the government past the end of September.
  According to a source briefed on the meeting, the two sides had come to a stalemate on the length of the debt
  
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• Facebook says fake accounts linked to Russia bought thousands of ads during US election (FB)

  06-09-2017 22:08 via feedproxy.google.com
  Facebook on Wednesday said it had found evidence that fake accounts "likely operated out of Russia" bought thousands of ads during the US presidential election designed to amplify divisive political messages.
  Facebook said the ads were part of elaborate "information operations" in which "organized actors," including governments, used social media to deceive the public and distort political sentiment.
  The social network discovered roughly $100,000 in ad buys between June 2015 and May 2017 "assoc
  
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• Explosive leaked audio reveals the moment a drug company lied about a patient having cancer to get them opioids (INSY)

  06-09-2017 21:52 via feedproxy.google.com
  Senator Claire McCaskill's office on Wednesday released audio that explains how many in America fell victim to the opioid crisis.
  It's a phone call between an employee from Insys, the Arizona-based maker of Subsys, and a pharmacy benefit manager (PBM). The PBMs is supposed to ensure that everyone who gets Subsys has cancer — that's the pain the drug is supposed to treat.
  But the patient in question, Sarah Fuller, didn't have cancer. The Insys employee just did whatever they could
  
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• A couple of 30-something guys swapped high finance for farmland and now manage $575 million

  06-09-2017 21:42 via feedproxy.google.com
  Homestead Capital, a $575 million private-equity fund, was founded by Daniel Little and Gabe Santos, both of whom have personal ties to agriculture.
  Because of the many uncertainties involved in farming, outside investors are sometimes unwilling to take a long-term investment approach, making some farmers skeptical of working with outside investors.
  Santos and Little, both 39, try to establish a local presence with their regional managers and local farm operators.
  The worlds of finance and farm
  
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• Tesla's autonomous trucks could be huge for the industry but only a small part of Tesla (TSLA)

  06-09-2017 20:52 via feedproxy.google.com
  Tesla is expected to announce a new autonomous semi-truck this month, and it could shake up the trucking industry more than any other innovation in the last decade.
  The new trucks are expected to be electric, autonomous and cost about $100,000 a piece, according to a recent note from Ravi Shanker, an analyst at Morgan Stanley. Shanker thinks Tesla will end up leasing the batteries in the trucks to keep the initial costs low and build out a nationwide network of battery swapping stations to
  
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• Instagram is letting some users share their Snapchat-like 'Stories' directly to Facebook (FB, SNAP)

  06-09-2017 20:07 via feedproxy.google.com
  Facebook is looking to boost usage of its Snapchat-like Stories feature by letting people post from Instagram to its main mobile app.
  The Stories cross-posting feature is currently being tested with a small percentage of Instagram users, a company spokesperson told Business Insider on Wednesday.
  The Instagram test, which appears to be currently live in at least Portugal, was first spotted on Twitter by The Next Web's Matt Navarra. Screenshots show the ability to post the same photo or video fro
  
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• Trump just sided with Democrats on a massive deal to solve Congress' biggest issues

  06-09-2017 19:27 via feedproxy.google.com
  President Donald Trump bucked his own party's leaders and sided with Democrats on a deal to bundle Hurricane Harvey relief funds, a three-month debt-limit increase, and a three-month continuing resolution to keep the government funded.
  Trump agreed to the deal, which Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi supported. Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan were opposed.
  "In the meeting, the president and congressional leadership agre
  
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• Here's what the charts are saying about Snap (SNAP)

  06-09-2017 19:19 via feedproxy.google.com
  Snap has been a disappointment since its initial public offering.The IPO priced at $17 and shares opened for trading at $24. They rose to just above $27 two days later. That was the high point. Since then, shares have plunged to $14, amid a slew of downgrades. Even Morgan Stanley, the lead underwriter for Snap's IPO, admitted it was wrong about where shares were headed.
  In an August 23 note, Morgan Stanley dropped its price target to $14, saying, "We believe Snap's
  
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• Bitcoin cash is soaring

  06-09-2017 19:06 via feedproxy.google.com
  NEW YORK - Despite a crackdown on the cryptocurrency market by major financial regulators around the world this week, the market for digital coins is rallying Wednesday with newbie bitcoin cash among those leading the pack. 
  Bitcoin cash, the clone currency of bitcoin, is up over 18% at $651 per coin. Meanwhile, the rest of the top 10 largest cryptocurrencies by market cap are trading higher Wednesday. Bitcoin, for instance, is up 4.7% at $4,651 per coin. 
  The cryptocurrency marke
  
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• More than 6,400 stores are shutting down — here's the full list

  06-09-2017 18:57 via feedproxy.google.com
  Retailers are closing thousands of stores following years of declines in sales and customer traffic. 
  We compiled a list of the 6,403 closures that have been announced so far in 2017. 
  Here's the full list:Some retailers have released lists of which of their locations will be closing. To find out if a store near you is shutting down, click on the retailers in the following list:
  RadioShack list of stores closing
  JCPenney list of stores closing
  Sears and Kmart list of stores closin
  
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• IRMA, GOLDMAN SACHS AND ROBOTS: What you need to know on Wall Street right now

  06-09-2017 18:47 via feedproxy.google.com
  Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. 
  Stanley Fischer, the vice chairman of the Federal Reserve, plans to step down by October 13.
  In a letter addressed to President Donald Trump on Wednesday, Fischer cited "personal reasons" for his decision to step down. His resignation will create a key vacancy on the Fed's Boa
  
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• Sign up to our webinar on advertising effectiveness in a digital world

  06-09-2017 17:55
  The emergence of digital media promised a new age of advertising measurement and effectiveness for marketers. With today’s consumers spending many hours of their time each day engaging on connected devices, in theory there has never been an easier time to reach the right consumers at the right time. But at a time when brands are questioning the trust placed in digital media, how confident are marketers in reaching their audience and ensuring their advertising is effective – particul
  
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• Recommended reading: Transforming business culture and disruptive technologies

  06-09-2017 14:49
  Futureproof
  Minter Dial and Caleb Storkey
  Subtitled ‘How to get your business ready for the next disruption’, this book explores the three core mindsets and 12 disruptive technologies that the authors claim every business must be able to master today. The former are meaningfulness, responsibility and collaboration while among the latter are smartphones, the internet of things and cloud computing – and the technologies must be used together, not in isolation, to obtain maximum b
  
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• Vodafone insists it ‘isn’t stereotyping’ millennials by launching youth-only brand Voxi

  06-09-2017 12:54
  Launching a youth-only brand is risky business. For starters, young people are incredibly different, with the attitudes and behaviours of Gen Z and millennials nearly impossible to predict or correlate. Marketing Week columnist Mark Ritson has even gone as far as calling it stupid: “Focusing just on millennials is a stupid, stupid approach to segmentation. It is a totally unacceptable and offensive stereotype in an era when such things are meant to be behind us.”
  Yet despite being su
  
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• Coca-Cola: Ecommerce should not be seen as a channel

  06-09-2017 12:50
  Coca-Cola believes ecommerce is playing an increasingly important role for the business, but warns that its image of only being the remit of digital “pure players” is wrong and should be challenged.
  Speaking at the Barclays Global Consumer Staples Conference yesterday (5 September), the company’s executive vice president of Coca-Cola North America, Sandy Douglas, spoke about the “digitisation” of the business, and how technology is changing the way it serves consume
  
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• Coca-Cola: ‘E-commerce should not be seen as a channel’

  06-09-2017 12:50
  Coca-Cola believes ecommerce is playing an increasingly important role for the business, but warns that its image of only being the remit of digital “pure players” is wrong and should be challenged.
  Speaking at the Barclays Global Consumer Staples Conference yesterday (5 September), the company’s executive vice president of Coca-Cola North America, Sandy Douglas, spoke about the “digitisation” of the business, and how technology is changing the way it serves consume
  
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• 100 Disruptive Brands: Trouva on being the ‘antithesis’ of online shopping giants

  06-09-2017 08:00
  When it comes to Trouva’s brand purpose, it has a clear mission statement: helping independent shops and boutiques on the high street “to thrive, and not just survive”. It looks to do this by providing an online platform where independent shops can sell their products and promote their brand.
  Launched in 2013, the brand’s name means ‘a lucky find’, and the ecommerce platform helps shoppers discover hidden gems in nearby independent shops using location technol
  
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• 100 Disruptive Brands: Trouva on being the ‘anthesis’ of online shopping giants

  06-09-2017 08:00
  When it comes to Trouva’s brand purpose, it has a clear mission statement: helping independent shops and boutiques on the high street “to thrive, and not just survive”. It looks to do this by providing an online platform where independent shops can sell their products and promote their brand.
  Launched in 2013, the brand’s name means ‘a lucky find’, and the ecommerce platform helps shoppers discover hidden gems in nearby independent shops using location technol
  
  Read more

• Verizon taps personal data

  06-09-2017 01:55 via warc.com
  NEW YORK: Verizon Communications is introducing a new Wireless rewards program, Verizon Up, that offers a variety of options in return for users’ personal data that will be shared with Oath, Verizon’s digital media unit.Users
  
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• Planners must lead agency processes

  06-09-2017 01:55 via warc.com
  NASHVILLE: Planners should take responsibility for the “disciplined systems” that agencies need to consistently develop breakthrough communications, according to Faris Yakob, co-founder of consultancy Genius/Steals.“Every agency...
  
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• LEGO hits 'reset' button

  06-09-2017 01:55 via warc.com
  BILLUND: LEGO, the Danish toymaker, is streamlining its management structure as it seeks to improve its ability to implement marketing strategies and react to new trends.The move comes as the business announced a
  
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• Five more IPLs needed

  06-09-2017 01:55 via warc.com
  MUMBAI:The India Premier League (IPL) is now in the top three global sports properties but more such success stories are needed to boost the country’s sporting infrastructure and culture, according to an industry figure.“IPL is...
  
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• Chinese tea brand makes sadness the flavour of the month

  06-09-2017 01:55 via warc.com
  BEIJING: Chinese tea stall chain Sung is channelling millennial despondency around the dim prospects in both marriage and careers, with suitably bleak product titles – “achieved-absolutely-nothing black tea” – as the brand...
  
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• Brewers acquire a sleeker route to market

  06-09-2017 01:55 via warc.com
  LONDON: Magners Irish Cider and Tennent’s Lager owner C&C will gain a stake in the UK pubs market with its acquisition of Admiral Taverns. The move echoes Dutch brewing giant Heineken’s acquisition of Punch Taverns last December,...
  
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