Sales & Marketing news

• Floyd Mayweather Jr. and DJ Khaled will each pay more than $100,000 in fines to settle charges that they illegally touted ICOs

  29-11-2018 23:57 via feedproxy.google.com
  Boxing champion Floyd Mayweather Jr. and record producer DJ Khaled will pay hundreds of thousands of dollars in penalties to settle charges filed against them by the Securities and Exchange Commission.
  The SEC charged Mayweather and Khaled with promoting an initial coin offerings (ICOs) without disclosing that they were paid for them.
  Both Mayweather and Khaled touted the ICO of Centra Tech, which was later alleged to have been a scam.Floyd Mayweather Jr. and DJ Khaled were two of the most well-
  
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• Trump is about to embark on a trip that could end the trade battle with China — or send the US into an economic Cold War

  29-11-2018 23:49 via feedproxy.google.com
  President Donald Trump is meeting with Chinese President Xi Jinping on Friday and Saturday at the G20 summit in Argentina.
  At the top of their agenda: the US-China trade war.
  The US and China have implemented tariffs on $360 billion worth of goods flowing between the two countries.
  Prospects for meaningful progress are dim as the two sides remain far apart on major issues.
  Trump's mood could also determine the outcome.The moment of truth for President Donald Trump's trade war with China is fast
  
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• Nintendo had a record-setting Black Friday weekend, but Switch sales are still lower than expected after a slow year

  29-11-2018 23:07 via feedproxy.google.com
  Nintendo recently reported record sales in the United States during Black Friday weekend, with shoppers buying more than $250 million worth of Nintendo products.
  The company's newest console, the Nintendo Switch, saw a 115% sales boost compared to Black Friday 2017, but it's still lagging behind overall sales projections previously set by Nintendo.
  Nintendo also revealed that 8 million Switch consoles have been purchased in the U.S. since its launch in March 2017. The company expects to sell 38
  
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• Stocks snap their 3-day winning streak as attention turns to the Trump-Xi meeting

  29-11-2018 22:10 via feedproxy.google.com
  Stocks fell Thursday as Wall Street mulled over an expected meeting between President Donald Trump and Chinese leader Xi Jinping.
  The Dow had posted its best day since March on Wednesday after the Federal Reserve chairman gave a speech received as dovish.Follow the US indices in real time here.Stocks fell Thursday amid concerns about escalating trade tensions, a day after Federal Reserve comments received as dovish helped the Dow rally by the most in eight months.The Dow Jones Industrial Average
  
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• 7 things investors are getting wrong about the tech sector and FAANG stocks

  29-11-2018 20:17 via feedproxy.google.com
  Tech investors have had a rough two months as a number of the biggest names in the industry have tumbled into bear-market territory.
  The FAANGs (Facebook, Apple, Amazon, Netflix, and Alphabet – Google), have seen around $1 trillion in market value wiped out.
  HSBC says investors concerns over the tech sector are overblown, and that it's time to buy the dip. 
  The bank lays out seven misconceptions about the sector. Tech investors have had a rough two months as many of the most
  
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• Bank of America Merrill Lynch just promoted nearly 140 employees to managing director — we got a leaked list of all the names (BAC)

  29-11-2018 19:45 via feedproxy.google.com
  Bank of America Merrill Lynch announced its 2018 managing-director promotions for global banking and global markets this week.
  Nearly 140 employees earned the MD distinction, the highest title at the firm. 
  Unlike some Wall Street firms, BAML's list is closely guarded and typically only published internally.
  Business Insider got a hold of the full list of names in banking and markets.Some Wall Street banks display their highest promotions for all the world to see, while other firms keep the
  
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• Join us at NRF 2019 to see unified commerce that puts shoppers first

  29-11-2018 19:29 via retailpro.com
      You already have the data you need to unlock your business potential. But when your data is fragmented and scattered across the organization, it perpetuates inefficiencies in customer experience. Book your NRF 2019 meeting to see how you …
  Continue reading →
  
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• Twitter's mysterious drop is 'completely technical,' trader says (TWTR)

  29-11-2018 19:03 via feedproxy.google.com
  Twitter fell more than 8% early Thursday amid a lack of any news or Wall Street downgrades.
  The selling was "completely technical," according to a veteran floor trader at the New York Stock Exchange.
  Watch Twitter trade live.
  Twitter shares fell as much as 8.53% early Thursday amid a lack of news and headlines, to their lowest level in more than a month, and one veteran New York Stock Exchange floor trader trader says to find the reason all you need to do is look at the charts.
  "It’s compl
  
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• GM President Dan Ammann is taking over as CEO of the Cruise self-driving division as the company pushes toward a commercial launch in 2019 (GM)

  29-11-2018 19:00 via feedproxy.google.com
  General Motors President Dan Ammann will take over as CEO of Cruise, the carmaker's self-driving division that's now valued at $14.6 billion.
  Current CEO Kyle Vogt will become president and CTO, concentrating on leading "technology development" as the division pushes toward a commercial rollout in 2019.
  Ammann's role at GM had previously been adjusted so that he could spend more time on Cruise.General Motors announced on Thursday that President Dan Ammann would assume the role of CEO at the comp
  
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• There's a very simple reason why the resurgent Microsoft is threatening to overtake the slumping Apple (MSFT, AAPL)

  29-11-2018 18:24 via feedproxy.google.com
  Microsoft and Apple are jockeying for position as the world's most valuable tech company. 
  It's easy to chalk this up to Apple's weakness – but don't sleep on the fact that it's also because of Microsoft's strength. 
  Where Apple has to deal with fickle consumers in a volatile market, Microsoft's focus on enterprise software and services is less exciting, but could be more durable and stable. 
  Plus, Apple has to deal with the possibility that the iPhone will face tariffs from
  
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• Trump claims car companies are 'pouring' into the US. The reality is a lot more troubling

  29-11-2018 17:50 via feedproxy.google.com
  President Donald Trump again rails against General Motors, tweeting that the company's job cuts and plant closures are an exception and "very counter to what other auto companies are doing."
  But other automakers are also struggling. Ford said it will cut jobs and BMW's exports have slumped. 
  Rising material costs and export tariffs are hurting European and Japanese companies operating in the US as well.US President Donald Trump renewed his attacks on GM Thursday morning, sending a tweet in
  
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• Sign up for our webinar: From cross-sell to customer-centricity

  29-11-2018 17:46
  The PPI misselling scandal and reputational damage caused by the financial crash have forced bank brands to rethink the way they engage with and serve customers.
  Years of a relentless focus on cross-selling meant many customers were saddled with products that met the bank’s but not the customer’s needs, leaving many brands with a trust deficit.
  However, forced to address some of the failings of the past and eager to address reputational problems, retail banks are switching from a pro
  
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• Apple told investors not to worry about iPhone sales — but now it seems worried about them (AAPL)

  29-11-2018 17:40 via feedproxy.google.com
  Apple essentially told investors earlier this month that they shouldn't worry any longer about how many iPhones, iPads, or Macs it sells.
  That worried investors, who sold off the company's stock over fears of declining iPhone sales.
  Now Apple is saying investors shouldn't worry because sales of its most recent model are doing just fine.
  You might be confused about whether unit sales are important.OK, Apple, I'm confused.
  First you tell me I shouldn't worry about how many iPhones you're selling.
  
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• Analyst slashes his Apple target after survey finds weak iPhone XR demand (AAPL)

  29-11-2018 17:03 via feedproxy.google.com
  Apple is seeing disappointing initial sales of its iPhone XR, according to a Canaccord Genuity survey.
  The financial-service firm slashed its price target by 10% to $225 — 25% above Apple's current share price.
  Apple has been under pressure recently, down more than 20% since its October peak.
  Watch Apple trade live.Apple's latest lineup of iPhones, especially the cheaper model XR, is not as popular as the market expected, according to a survey conducted by Canaccord Genuity. The financial-
  
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• How E.ON repositioned as the ‘un-utility’ energy company

  29-11-2018 16:16
  As one of the big six energy companies, E.ON faces the challenge of marketing its business and brand in a category that many consumers are at best ambivalent about and at worst actively dislike.
  But in 2016, the company rolled out a host of new products including new solar storage technology and it wanted to promote this tech to the masses. To do that, it felt it needed to move away from the perception of energy companies as “faceless” and in effect become an “un-utility&rdquo
  
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• Mark Ritson: Today’s agencies are like yachts – underused, expensive and all the same

  29-11-2018 16:14
  One hundred and fifty-four years is a long time by any measure. But in the 30-second carousel of images that is advertising, it is close to an eternity. That’s how long J Walter Thompson (JWT) has been running – in one form or another.
  The firm can trace its history back to one of the first ever agencies, Carlton and Smith, which opened its doors in New York City in 1864. Just over a decade later its talented book keeper, James Thompson, bought out his employers and eventually rename
  
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• Moonpig hunts for emotional connection in marketing refresh

  29-11-2018 16:11
  Moonpig’s renowned jingle has no doubt echoed through the minds of most people in Britain. But despite being the leader in the online card market, with 92% market share, the company’s CMO Andre Rickerby says consumers weren’t associating the brand with the emotional aspect of giving a card.
  Speaking to Marketing Week at MadFest London yesterday (28 November), Rickerby said the company needs to “put the emotion back into occasion”, which triggered the introduction o
  
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• Abercrombie & Fitch is going nuts after crushing earnings

  29-11-2018 15:27 via feedproxy.google.com
  Abercrombie & Fitch beat on the top and bottom lines, and delivered strong same-store sales for the third quarter.
  Shares surged more than 25% early Thursday.
  Watch Abercrombie & Fitch trade live.
  Abercrombie & Fitch surged more than 25% early Thursday after reporting strong third-quarter results. 
  The teen retailer earned an adjusted $0.33 a share on revenue on revenue of $861.2 million, easily beating the $0.21 and $853 million that analysts surveyed by Bloomberg were expectin
  
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• Deutsche Bank is threatening record lows after its headquarters were raided as part of a Panama Papers probe (DB)

  29-11-2018 15:11 via feedproxy.google.com
  Deutsche Bank's Frankfurt offices were searched Thursday as part of a probe linked to the Panama Papers.
  The bank is being investigated on money-laundering suspicions raised by a 2016 data leak.
  The German lender is under increasing pressure after three consecutive years of losses, several executive changes, and massive layoffs.
  Watch Deutsche Bank trade live.Deutsche Bank shares fell as much as 3.82% in early trading Thursday to around $9.50 — just above its record low of $9.21 — af
  
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• Data privacy: The new competitive advantage

  29-11-2018 15:00 via warc.com
  What will drive change in 2019? Lena Roland, Managing Editor, WARC Knowledge, explores how the conversation around personal data is changing and what brands need to do about it. .
  
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• Brexit could see $911 billion of assets siphoned from the City of London to Frankfurt

  29-11-2018 14:30 via feedproxy.google.com
  Around €750 billion to €800 billion ($911 billion) in assets are expected to move from London to Frankfurt in the first quarter of 2019.
  At least 30 financial institutions have chosen Frankfurt as their EU-base post Brexit.
  Frankfurt's financial-industry body claims 10,000 jobs will leave the UK for Germany.
  While Theresa May tries to get her Brexit deal over the line, banks have already packed their bags and started moving to Frankfurt. It's more bad news for the City of London. 
  
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• 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, DB, FB)

  29-11-2018 12:47 via feedproxy.google.com
  Here is what you need to know.Powell says rates are 'just below' a neutral level. Speaking at the New York Economic Club on Wednesday, Federal Reserve Chairman Jerome Powell said that there was "a great deal to like" about the US economy and that interest rates were getting close to a neutral level.
  The Trump administration is looking into ways to raise tariffs on Chinese autos. US Trade Representative Robert Lighthizer on Wednesday said he was examining ways to raise tariffs on Chinese autos t
  
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• An investment director at a $150 billion firm warns that US companies are engaging in a risky, unsustainable practice — and explains why traders should be looking overseas

  29-11-2018 12:04 via feedproxy.google.com
  US stocks have put the rest of the world to shame over the past several years, with the S&P 500 vastly outpacing its counterparts in Europe and Japan.
  Ben Williams, investment director at GAM Investments and co-manager of the firm's Pacific Funds, warns that US companies are engaging in a risky practice that could spell the end of their dominant run.
  Williams breaks down where he thinks investors should be looking outside the US.US stocks have put their global peers to shame for the past sev
  
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• Deutsche Bank's headquarters are being raided by police as part of a Panama Papers probe (DB)

  29-11-2018 11:48 via feedproxy.google.com
  Deutsche Bank's Frankfurt, Germany, offices were searched Thursday as part of a Panama Papers-linked investigation.
  The bank is being investigated over money-laundering suspicions raised by the 2016 data leak.
  The German lender is under increasing pressure, and its shares are plunging.Six Deutsche Bank branches were searched Thursday in a money-laundering investigation linked to the 2016 Panama Papers data leak. The company's shares dropped.
  In total, 170 prosecutors, police officers, and tax in
  
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• Marketer to take over as Unilever boss as CEO Paul Polman steps down

  29-11-2018 09:22
  Unilever’s CEO Paul Polman will retire at the end of this year after a decade at the helm of one of the world’s biggest FMCG companies.
  Marketer Alan Jope, who is currently president of Unilever’s beauty and personal care division, will take over from Polman as CEO at the beginning of next year. 
  Polman joined Unilever as CEO in 2009. He is a former Procter & Gamble president for Western Europe and has worked at Nestle as CFO and vice-president for the Americas.
  
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• How Adidas is evolving dark social to stay ahead of the game

  29-11-2018 08:00
  Florian Alt is a self-proclaimed “football fanatic” and Adidas “life-timer”. He joined the company 20 years ago and believes both factors are key to his current role as vice-president of global brand communications for its football business.
  “I have grown up with the three stripes. My dad worked at the company so I never wore any other sports gear and it’s on the doorstep of the city where I come from,” he explains. “And I truly believe in what th
  
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• Visa boosts its brand in Brazil

  29-11-2018 01:00 via warc.com
  Visa, the payments company, enhanced several core brand metrics in Brazil through a program that donated money to good causes when customers made purchases using its cards.Luciana Resende Lotze, Visa’s regional head/marketing for Latin...
  
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• Standard Life gets people engaged with pensions

  29-11-2018 01:00 via warc.com
  Standard Life, the financial services company, has managed to get people more engaged with their pensions by developing a deeper understanding of the behaviours and motivations of different generations.People generally understand they have a...
  
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• India's kids go digital

  29-11-2018 01:00 via warc.com
  The internet is fast becoming the preferred channel of children in India who are now more likely to be viewing a smartphone screen than a TV screen, research suggests.When TotallyAwesome, the children’s digital engagement platform, conducted...
  
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• Don't panic over Twitter outbursts

  29-11-2018 01:00 via warc.com
  Social listening can offer brands useful insights but marketers should be wary of over-reacting to criticism on these platforms, according to a new report which identifies the crises they do need to worry about.“Elite commentary and...
  
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• Asian retailers lack focus on shopper experience

  29-11-2018 01:00 via warc.com
  As shoppers across Asia increasingly prefer to buy online, brick-and-mortar retailers have yet to fully capitalise on their particular strengths according to a new report.Tofugear and Rakuten Insight surveyed 6,000 consumers across 12 markets in...
  
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• Ad fraud takedown 'sends message'

  29-11-2018 01:00 via warc.com
  The Department of Justice in the US has hit eight individuals with charges relating to a major digital ad fraud that generated $36m and seized associated internet domains and data.The indictment outlines how the defendants, from Russia and...
  
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