Sales & Marketing news

• Mark Zuckerberg will testify in court later this month to defend his plan to create non-voting Facebook shares (FB)

  08-09-2017 23:53 via feedproxy.google.com
  Facebook CEO Mark Zuckerberg will testify on the witness stand later this month, a rare and high-profile courtroom appearance as his company defends a controversial plan to give shareholders non-voting stock.
  Zuckerberg is scheduled to publicly testify in Delaware Chancery court on September 26, 2017, officially kicking off a trial that is also expected to include testimonies by Facebook board members Marc Andreessen, Erskine Bowles, Susan Desmond-Hellmann, and Peter Thiel.
  The testimony w
  
  Read more

• Trump signs his massive deal with Democrats on Harvey relief, debt ceiling into law

  08-09-2017 23:34 via feedproxy.google.com
  President Donald Trump signed a package to provide relief for Hurricane Harvey, suspend the debt ceiling, and fund the government for three months on Friday, just a few hours after the House passed the bill.
  The legislation came out of a deal cut on Wednesday between President Donald Trump and Democratic leaders Chuck Schumer and Nancy Pelosi.
  The package passed the House on a 316-90 vote. All the opposition came from Republicans, mostly from the more conservative wing of the party.
  The bil
  
  Read more

• A hedge fund started by Steve Cohen's former COO is going through a shakeup

  08-09-2017 23:26 via feedproxy.google.com
  A portfolio manager has left Folger Hill, a fund that has struggled since it launched two years ago.Folger Hill was started by billionaire investor Steve Cohen's former chief operating officer, Sol Kumin, and Todd Rapp, previously of Highfields Capital.
  The portfolio manager who left, Patrick Saunders, rejoined D. E. Shaw in a role he held before Folger Hill. Two analysts and a technologist also recently left Folger Hill's US offices.
  Folger Hill has made several hires, mostly in Asia, mean
  
  Read more

• There was one piece of good news for Republicans in Trump's deal with Democrats

  08-09-2017 23:16 via feedproxy.google.com
  The deal President Donald Trump struck with Democratic congressional leaders passed the House on Friday and was signed into law later in the day.
  The bill included a provision that suspends the debt ceiling for three months, avoiding a serious default and an economic disaster.
  The length of the suspension was seen as a win for Democrats, since it could allow Democrats more leverage when the issue would come up again.
  The bill suspends the debt ceiling until Dec
  
  Read more

• Advertisement

• HSBC has promoted 2 new heads to run its Wall Street equity capital markets business (HSBC)

  08-09-2017 23:05 via feedproxy.google.com
  HSBC has promoted two bankers internally to cohead its equity capital markets operation in the US and Canada. 
  Brendan Spinks and Alfred Traboulsi were each named cohead of ECM in North America for the London-based bank this week, a company spokesman confirmed. 
  Both men were advanced from within the firm's ECM department. 
  Spinks has been with the bank since 2002, according to his LinkedIn page, while Traboulsi joined HSBC from Goldman Sachs' equity derivatives team&nbs
  
  Read more

• TECH ANALYST: There's one business driving Apple's growth, and it's not the iPhone

  08-09-2017 22:30 via feedproxy.google.com
  Scott Kessler is the director of equity research at CFRA Research and leads the tech coverage for his team. Kessler spoke to Business Insider's Sara Silverstein about what he thinks Apple needs to do in order to maintain momentum. Apple is expected the announce the new iPhone during an event on September 12.Join the conversation about this story »
  
  Read more

• A top analyst recommends buying Facebook, Amazon, Netflix and Google shares

  08-09-2017 22:30 via feedproxy.google.com
  Scott Kessler is the director of equity research at CFRA Research and leads the tech coverage for his team. Kessler says tech is reasonably valued and is right in line with the market. He doesn't see the excess valuations that people are talking about. CFRA Research has a 'Buy' recommendation on all the FANG (Facebook, Amazon, Netflix, Google) stocks.Join the conversation about this story »
  
  Read more

• Snap closes at its highest levels since July (SNAP)

  08-09-2017 22:04 via feedproxy.google.com
  Snap is on a streak of gains and closed the week at its highest level since July.
  The company closed Friday at $15.35, which is its highest close since July 13, when Snap closed at $15.69. In August, which was the first month that the company posted a gain since going public, the company only closed as high as $15.19.
  Now that the lockup periods for Snap have expired, investors are free to focus on new technology releases by the company. The company's Snap Maps feature is proving useful for tho
  
  Read more

• Advertisement

• A portfolio manager has returned to $42 billion hedge fund firm D.E. Shaw 'at a time of strategic growth'

  08-09-2017 21:33 via feedproxy.google.com
  A portfolio manager has rejoined $42 billion D. E. Shaw, in a role he had previously held.
  Patrick Saunders rejoined D. E. Shaw as a healthcare portfolio manager on the firm's long-short stock strategy. 
  “Pat started his career and really developed his skill sets at the Firm, and we mutually agreed that this was an opportune time to rejoin the team at a time of strategic growth, with an extremely high caliber, collaborative team,” Edwin Jager, managing d
  
  Read more

• Guys, there's a Game of Thrones analogy to be made about this economy, and we found it

  08-09-2017 21:26 via feedproxy.google.com
  In HBO's Game of Thrones, viewers have learned that there's a threat greater than losing the fight for the throne — it's the Night King and his army coming from beyond the wall.
  So it is with our global economy. Issues that have been consuming policymakers aren't touching on the very real, very big threat to growth — deflation.
  Fighting it will take skill and coordination that our current President lacks.
  Let me start this out by first saying, I'm sorry, but we have to have a Game o
  
  Read more

• TOP TECH ANALYST: Snap needs to innovate 'more quickly'

  08-09-2017 21:19 via feedproxy.google.com
  Scott Kessler is the director of equity research at CFRA Research and leads the tech coverage for his team. Kessler spoke to Business Insider's Sara Silverstein about what Snap can do to survive after its recent struggles and competition from Facebook.  Join the conversation about this story »
  
  Read more

• Hurricane Irma has shut down Disney World and will cost the company millions (DIS)

  08-09-2017 21:09 via feedproxy.google.com
  UPDATE: Disney has decided to close Disney World early on Saturday due to the approaching Hurricane Irma. Disney has said it hopes to resume normal operations starting Tuesday, September 12.
  Hurricane Irma is barreling toward Florida and is expected to cause major damage, including to Disney World.
  Disney World generates about $30 million in revenue a day for its parent company, so shutting down for even a half day means millions of lost dollars, according to John Janedis, an ana
  
  Read more

• HOWARD MARKS: 'I see no reason why bitcoin can’t be a currency'

  08-09-2017 20:31 via feedproxy.google.com
  Oaktree Capital founder Howard Marks has bitcoin on his mind. Marks, who called bitcoin, the digital coin up over 350% this year, a "fad" in a July memo, has warmed up to it after receiving backlash from the cryptocurrency community.
  Marks revisited his thoughts on the digital coin in a wide-ranging memo sent out to clients on Thursday. The long and short of the note: Marks has changed his mind, but he still has reservations. 
  Marks concedes he might have been too quick
  
  Read more

• MAPPED: The 10 costliest hurricanes in US history

  08-09-2017 20:25 via feedproxy.google.com
  Hurricane Irma is set to make landfall in Florida this weekend as a category 4 storm after steamrolling several Caribbean islands. Florida Governor Rick Scott has warned all of his state's residents to be "prepared to evacuate" and said that Irma is "the most catastrophic storm that our state has ever seen."
  Irma's anticipated landfall in Florida comes just two weeks after Hurricane Harvey wreaked havoc in Texas and other states bordering the Gulf of Mexico.
  Harvey is ex
  
  Read more

• It used to be enough for wealth advisers to be fun on the golf course — now it's all about big data

  08-09-2017 20:16 via feedproxy.google.com
  Wealth advisors used to succeed by making insightful lunch conversation, being fun on the golf course and winning referrals. These days, effectively leveraging big data is a better bet for successful marketing.
  The growing hoard of wealth invested with robo-advisor platforms is forcing advisers to change how they operate. By the end of 2017, $160 billion of assets will be invested in digital advice platforms, up from $65 billion a year ago, according to research by Aite Group and Broadridge. Tha
  
  Read more

• Disney has to get a whopping 32 million subscribers for its Netflix competitor to break even, according to UBS (DIS)

  08-09-2017 19:57 via feedproxy.google.com
  The war over your streaming video dollars is ramping up, and Disney is going to have to make major subscriber gains to break even after charging headlong into the fray, according to new analysis from UBS.
  On Thursday, Disney CEO Bob Iger announced that Marvel and ‘Star Wars’ movies would appear on Disney’s upcoming Netflix competitor, a streaming service that will debut in late 2019.
  The service will also include Disney and Pixar films, as well as exclusive content to the tune
  
  Read more

• House Republicans boo and hiss at top Trump officials in messy pre-vote meeting

  08-09-2017 19:38 via feedproxy.google.com
  A loud portion of the House Republican conference was not happy with representatives from the Trump administration during a messy-sounding meeting on Friday morning.
  The meeting was designed to sell GOP members on a package that allocates roughly $15 billion in relief for Hurricane Harvey, suspends the debt ceiling for three months with no offsetting spending reductions, and funds the government for the same amount of time.
  The biggest sticking point for many conservative GOP members was the "cl
  
  Read more

• Coca-Cola, Diageo, Vodafone: 5 things that mattered this week and why

  08-09-2017 13:34
  Coca-Cola speaks out against ecommerce separatism
  Think ecommerce should be treated as a channel? Then Coca-Cola North America’s EVP Sandy Douglas is going to disagree with you.
  Douglas says: “Don’t think of ecommerce as a channel. It’s a way for consumers to research, to buy, to experience brands and then, ultimately, to have them have fulfilled.”
  In particular, he believes ecommerce has an image problem that needs tackling. He is irritated that so many marketers s
  
  Read more

• The inconvenient truth about Facebook’s user numbers

  08-09-2017 13:26
  Facebook is rightly coming in for criticism again after it was accused of claiming to have more users than actually exist.
  In the UK, for example, it claims to have a “potential reach” of 7.8 million people aged between 18 and 24 in the UK. Yet official figures from the Office of National Statistics show there are only 5.8 million in the country.
  And this is not the only place where it has happened. Analysts Pivotal Research revealed that in the US, Facebook claims to be able to reac
  
  Read more

• House of Lords launches investigation into the UK ad industry post Brexit

  08-09-2017 12:21
  The House of Lords is launching an enquiry into the state of the UK ad industry post Brexit, calling for evidence on a range of issues including access to talent and training, the growth of the digital ad market and whether the Government should be doing more to support business clusters.
  The investigation raises the ad industry’s “pre-eminent” status and aims to consider how it can retain that. There have been concerns that after the UK leaves the EU, access to creative talent
  
  Read more

• How brands are using colour to influence purchase decisions and change perceptions

  08-09-2017 08:00
  Colour conveys emotion faster than words. The relationship between colour and brand identity must be carefully constructed but used well it can be a critical component in any branding toolkit.
  Following the 2016 rebrand of NatWest, which saw the brand introduce a vibrant graphic identity alongside the return of its 1960s cube logo, the bank is looking at how it can “continue to build equity in the colour purple”, according to the brand’s CMO David Wheldon.
  The colour not o
  
  Read more

• The world awaits six million Chinese tourists

  08-09-2017 02:00 via warc.com
  SHANGHAI: Around six million Chinese tourists are expected to travel abroad during China’s National Day holiday period, according to a recent forecast, which also highlights a number of new destinations that are growing in popularity.Ctrip,...
  
  Read more

• Stonewall launches LGBT equality campaign

  08-09-2017 02:00 via warc.com
  LONDON: Stonewall, the LGBT rights charity, is launching its first brand campaign in ten years as it seeks to tackle an alarming rise in reported hate crimes against gay, lesbian, bisexual and transgender people in the UK.A YouGov poll of
  
  Read more

• Interruptive mobile ads are most annoying

  08-09-2017 02:00 via warc.com
  LONDON: Ads that prevent consumers from viewing the content they want have surfaced as among the three most annoying mobile ad formats, according to new research.On Device Research, a mobile market research firm commissioned by ad tech platform...
  
  Read more

• India will be fifth largest consumer market

  08-09-2017 02:00 via warc.com
  NEW DELHI: India is expected to become the fifth largest consumer market in the world by 2030, as the country gains from rapid growth in the retail, FMCG and e-commerce sectors, according to a new industry report.The forecast, jointly prepared by...
  
  Read more

• Fake news lifts trust in traditional media

  08-09-2017 02:00 via warc.com
  NEW YORK: The global rise in “fake news” allegations appears to have impelled journalists to improve their reporting so that half (52%) of them now believe traditional media to be the most trusted source of news, a new survey has found. ...
  
  Read more

• Amazon, Apple vie for James Bond rights

  08-09-2017 02:00 via warc.com
  LOS ANGELES: Several major Hollywood studios are currently negotiating to secure the distribution rights for the James Bond movie franchise, but it has emerged that Amazon and Apple are also in hot pursuit.According
  
  Read more

• A vote in favour of pre-election polling

  08-09-2017 02:00 via warc.com
  NEW YORK: Elections provide the forum where research and polling get the most exposure – and flawed 2016 forecasts in the US and UK delivered powerful blows to the credibility of this discipline.In the latest issue of the Journal of...
  
  Read more

Follow @sales_mrktinguk on Twitter!