Sales & Marketing news

• The CEO of the $3.9 billion company at the heart of the cloud wars talks about going public after 29 years (PVTL)

  20-04-2018 23:18 via feedproxy.google.com
  Pivotal Software began trading publicly on Friday, closing up about 5% from its listing price of $15. It's now valued at $3.9 billion.
  Pivotal's biggest business is in selling tools that help developers deploy their apps across Microsoft's, Amazon's, and Google's massive cloud computing platforms. 
  Pivotal isn't profitable, and CEO Rob Mee says that it's focusing on growth right now.The company is independent, but Dell is the majority shareholder. Mee says that the company is allowed to mak
  
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• Stocks stumble into the weekend as the 10-year hits its highest level since 2014

  20-04-2018 22:02 via feedproxy.google.com
  A tech selloff pulled stocks lower Friday, as investors brooded over dampening demand for smartphones. Inflation fears pushed bond yields to a three-year high. 
  Here's the scoreboard:
  Dow Jones Industrial Average: 24,451.03 −213.86 (-0.87%)
  S&P 500: 2,667.01 −26.12 (-0.97%)
  Nasdaq: 7,146.13 −91.93 (-1.27%)Technology stocks extended losses on concerns about slowing global demand for smartphones. 
  Apple dragged the tech secto
  
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• Facebook's drones unit is conducting a mysterious test in the desert near New Mexico's 'spaceport' (FB)

  20-04-2018 21:07 via feedproxy.google.com
  Facebook's drones unit is conducting tests of experimental wireless equipment in New Mexico.
  The tests were revealed in FCC filings seen by Business Insider.
  FCL Tech, which develops internet-enabled drones for the developing world, said it is working on a "connectivity project."Facebook's drones unit is quietly conducting tests of experimental wireless communications equipment in the New Mexico desert, according to company filings.
  Documents filed with the FCC show that FCL Tech Inc. — a
  
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• A secretive high-speed trader is providing college kids with a 'launch pad' to build cryptocurrency companies

  20-04-2018 20:48 via feedproxy.google.com
  Jump Trading is making crypto a big focus in 2018 for its venture capital spin-off Jump Capital in 2018. 
  An innovation lab based at the University of Illinois Urbana-Champaign is playing a role in the firms' crypto efforts. 
  Jump Trading is making cryptocurrency a big focus for its venture capital spin-off in 2018, and is bringing in college kids as part of the effort. 
  The secretive Chicago-based trading firm actively trades digital currencies, while Jump Capital, a ve
  
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• The SEC charges a third Centra cryptocurrency 'mastermind' with fraud over its $32 million ICO

  20-04-2018 20:44 via feedproxy.google.com
  Federal authorities have charged the third Centra founder and an alleged "mastermind" behind the cryptocurrency scheme, Ray Trapani, with fraud. 
  Trapani's cofounders at Centra, Sam Sharma and Robert Farkas, were charged and arrested on April 1 over allegations of fraud related to the startup's initial coin offering.Centra, which claimed to be building a debit card for cryptocurrencies, raised $32 million in its September ICO.
  The three co-founders exchanged text messages about cooking up f
  
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• Sears is closing 24 stores in 17 states — here's the list (SHLD)

  20-04-2018 20:37 via feedproxy.google.com
  Sears is closing at least 24 stores, including 22 Sears stores and two Kmart stores, Business Insider has learned.
  The closing stores span 17 states including Arizona, California, Florida, Missouri, Ohio, and Minnesota. 
  Most stores will begin liquidation sales on April 27, employees told Business Insider.Sears has cut its store count in half in the last five years.
  Sears is quietly closing at least two dozen stores in 17 states, in addition to the 166 stores that the co
  
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• MoviePass’ parent company is getting smoked — again — after 'scary' new revelations about its finances (HMNY)

  20-04-2018 19:58 via feedproxy.google.com
  Helios & Matheson, which owns MoviePass, is down more than 7% Friday.
  The company admitted its prospectus filed earlier this week contained errors.
  Shares are currently trading at just 6% of their all-time high.
  Follow HMNY stock price in real-time here.
  Helios & Matheson, the majority owner of MoviePass, is getting smoked for a second day in a row after more financial difficulties come to light for its movie theatre subscriptions service.
  The stock was trading down more than 7% Friday,
  
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• NUCOR CEO: I'm not worried about the steel market's biggest fear

  20-04-2018 19:20 via feedproxy.google.com
  Some steel buyers are signing longer-term contracts with steel suppliers amid fears of a looming steel shortage.
  There will not be a steel supply shortage in the US, according to Nucor CEO Jon Ferriola.
  Nucor reported earnings Thursday. 
  Watch Nucor trade in real time here.
  Nucor CEO Jon Ferriola says he's not worried about the steel market's biggest fear — a looming supply shortage.  
  "There's not going to be a shortage of steel in this country," Ferriola told analysts on h
  
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• There's a subtle shift underway at JPMorgan, and it shows how Amazon's influenced the Wall Street giant

  20-04-2018 19:15 via feedproxy.google.com
  Business Insider recently sat down with Lori Beer, chief information officer at JPMorgan Chase. In that role, she oversees an annual tech spend of $10.8 billion and 50,000 technologists. 
  We discussed JPMorgan's tech strategy and how JPMorgan's taking inspiration from Amazon.
  "Jeff Bezos has always looked at his company as being very customer-obsessed," Beer said. "We’re thinking of JPMorgan Chase in the same light."
  It's evident when JPMorgan CFO Marianne Lake talks about the ba
  
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• CRYPTO INSIDER: Everyone's biggest fear about ICO's almost came true

  20-04-2018 18:50 via feedproxy.google.com
  Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox.
  A cryptocurrency CEO bragged that he ran off with $50 million — but after a journalist tracked him down in Egypt, he said it was just a joke, highlighting a major issue in the industry. 
  Here are the current prices of major cryptocurrencies:
  What's happening:Bitcoin C
  
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• Netflix has rejected showing its movies at some willing theaters, and Hollywood insiders don't understand why (NFLX)

  20-04-2018 18:46 via feedproxy.google.com
  Netflix briefly considered acquiring Landmark Theatres, according to the Los Angeles Times.
  The move would have allowed the streaming giant to get their prestige titles better award seasons consideration.
  However, numerous sources told Business Insider that Netflix has the opportunity to screen its movies at more theaters but has declined some offers.It seems that, for at least a fleeting moment, Netflix was interested in buying movie theaters that would play its movies on the big screen.
  Accord
  
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• The stock market is in good hands

  20-04-2018 18:24 via feedproxy.google.com
  In this op-ed, Mike Ferguson and Mike Williams at the Equity Markets Association argue that a recent transparency initiative shows that stock market infrastructure is in good hands. 
  The association was founded by Intercontinental Exchange, the parent company of the New York Stock Exchange, and NASDAQ.
  "Some critics have recently called into question the effectiveness of our market, " the write. "And to be sure, we are not immune to imperfections. But we are pr
  
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• GM's relentless focus on profits could mean the automaker pulls out of South Korea sooner than later (GM)

  20-04-2018 18:03 via feedproxy.google.com
  GM has been working to rescue its South Korean unit.
  The operation there has lost almost $3 billion over the past four years, Bloomberg reported.
  CEO Mary Barra has exited underperforming markets and won't hesitate to do the same with GM Korea.If you want to understand the difference between "old," pre-bankruptcy and "new," post-Chapter 11 General Motors, look no farther than South Korea.
  The automaker is currently embroiled in an effort to rescue it money-losing operations there, collectively r
  
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• MORGAN STANLEY: GM should stop selling cars in North America because its business is worth negative $4 billion (GM)

  20-04-2018 17:47 via feedproxy.google.com
  General Motors' North American car business is worth negative $4 billion, Morgan Stanley estimates.
  The bank says GM could return its stock to outperformance by exiting the North American car market. 
  Follow GM's stock price in real-time here.
  Morgan Stanley has some ideas for how General Motors can get its stock to performing well once again, and it involves leaving the North American passenger car market completely.
  "We value GM's North American passenger car franchise at negative $4bn ag
  
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• The Mexican peso is tumbling ahead of this weekend's presidential debate

  20-04-2018 17:32 via feedproxy.google.com
  The Mexican peso was down as much as 1.21% versus the dollar early Friday.
  The peso has been weakening this week amid Mexico's heated presidential campaign, despite being one of the best-performing currencies against the dollar in 2018.Follow the peso in real time here. 
  The Mexican peso fell further Friday, threatening its place as the best-performing major currency against the US dollar this year, as political uncertainty around the country's heated presidential campaign and NAFTA negotia
  
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• There are red flags all over MoviePass' financial statements that should scare investors (HMNY)

  20-04-2018 17:15 via feedproxy.google.com
  MoviePass' owner, Helios and Matheson Analytics, has been losing $20 million a month on average since September, it said in a prospectus filed this week.
  Erik Gordon, a professor at the University of Michigan's Ross School of Business, said the fine print in the company's financials, including a warning from its auditor, would scare away many investors.
  Back-to-back financial statements filed by the company this week also include a discrepancy in numbers. When asked about the difference, MoviePa
  
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• Morgan Stanley just cut its Apple price target — and it echoes a growing complaint among analysts (AAPL)

  20-04-2018 17:08 via feedproxy.google.com
  Morgan Stanley has cut its price target for Apple stock to $200 from $203.
  One reason cited is "weak China data."
  Several notes in recent weeks have highlighted Apple's problems in China.
  Watch Apple trade in real time here.
  Morgan Stanley has cut its Apple price target over concerns that iPhone demand in China is soft and could lead to a weak June quarter.
  Morgan Stanley cut its price target for Apple to $200 from $203 in a note distributed to investors on Friday.
  Katy Huberty, the Mo
  
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• Channel 4, ITV and Sky join forces to prove value of on-demand to marketers

  20-04-2018 16:17
  Channel 4, ITV and Sky, alongside television’s marketing body Thinkbox, have teamed up to put some numbers behind their on-demand platforms in a bid to boost their commercial value.
  Heralding a “year of collaboration”, the UK’s biggest commercial broadcasters stood side by side at an event in London this week to unveil what they are claiming is the biggest ever study into broadcaster video-on-demand viewing, aka BVOD.
  At a time when advertisers are growing increasingly ca
  
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• M&S, Tenzing, WPP: 5 things that mattered this week and why

  20-04-2018 14:19
  Sorrell and the future of WPP
  It’s only six days since the ad world was rocked late on Saturday evening by the news that Sir Martin Sorrell was stepping down from WPP after 33 years at the helm of the company he founded and built up into the world’s biggest agency holding company.
  Much has been written about his career, his legacy and the future of WPP. Should it be broken to extract maximum value for shareholders? What is the future of the agency holding model in a world of digital?
  
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• Wharf Hotels appoints Axis Travel Marketing as Global Sales Agency for UK and Europe - Travel Daily News International

  20-04-2018 07:35
  Wharf Hotels appoints Axis Travel Marketing as Global Sales Agency for UK and Europe
  Travel Daily News International
  Formerly known as Marco Polo Hotels Management Limited, Wharf Hotels is a wholly owned subsidiary of The Wharf (Holdings) Limited, operating across Asia under the luxury brand Niccolo Hotels and premium brand Marco Polo Hotels. The Murray, Hong ...en meer »
  
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• WFA calls for a culture of data transparency

  20-04-2018 01:36 via warc.com
  GLOBAL: The World Federation of Advertisers (WFA) has published a Manifesto for Online Data Transparency,calling on brands to commit to a data ecosystem that properly respects consumer choices and their right to control their own data. ...
  
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• Understanding the power of celebrity 'worship'

  20-04-2018 01:36 via warc.com
  NEW YORK: Understanding the extent of celebrity “worship” among a target audience can help marketers get the most of their partnerships with brand endorsers, according to a study in the Journal of Advertising Research (JAR).Aditya...
  
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• Reputation of UK brands sinks to 2008 low

  20-04-2018 01:36 via warc.com
  LONDON: The reputation of companies operating in the UK has declined for the first time since the financial crisis of 2008, according to a new study that suggests there has been a major drop in trust and confidence in UK brands over the past year. ...
  
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• GDPR heightens data quality concerns

  20-04-2018 01:36 via warc.com
  GLOBAL: In the process of ensuring compliance with GDPR, marketers have become increasingly aware that the quality of their data – and sometimes the source of that data – may not be as reliable as they would wish.A WARC Trend Snapshot,...
  
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• Coca-Cola joins in-car merchandising drive

  20-04-2018 01:36 via warc.com
  ATLANTA: Coca-Cola, the global beverages giant, has joined forces with a small but expanding tech start-up, enabling some of its products to be sold to ride-hailing passengers while in transit.The partnership means that users of Uber or Lyft in...
  
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• Brand purpose should reflect internal culture

  20-04-2018 01:36 via warc.com
  SYDNEY: To truly understand your brand’s customers, you have to understand yourself, according to the chief marketing officer of Australian online fashion retailer The Iconic.The Iconic made a conscious decision to brand-build from the...
  
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• Beauty giant Shiseido embraces AI technology

  20-04-2018 01:36 via warc.com
  TOKYO: Shiseido, the Japanese beauty products firm, is responding to younger consumers’ preference to shop online and to try out new technologies by acquiring a number of US-based tech firms that specialise in the personal care industry. ...
  
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