Sales & Marketing news

• Here are the world's 10 largest M&A deals this year

  12-04-2019 22:06 via feedproxy.google.com
  Chevron agreed to buy Anadarko on Friday for $33 billion, the third largest transaction announced this year.
  Two of the top three deals this year have been in the energy sector.
  Read more stories on MarketsInsider.com.Chevron on Friday agreed to acquire Anadarko Petroleum in a transaction valued at $47.5 billion, including equity and debt. Under the agreement, Chevron will acquire all of the outstanding shares of Anadarko for $65 a share — a 37% premium to Thursday's closing price. Anadark
  
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• Disney Plus isn't a 'Netflix killer,' but other streamers like Apple should be worried

  12-04-2019 19:58 via feedproxy.google.com
  Disney unveiled its Netflix rival, Disney Plus, on Thursday, and some industry observers dubbed it a "Netflix killer."
  But the streaming market won't have one winner, and as Netflix is the clear No. 1, Disney Plus is much more of a threat to services from Apple and WarnerMedia.
  Disney's aggressive pricing of Disney Plus (and Hulu) also validates Netflix's emphasis on achieving global scale as quickly as possible.
  Netflix's brand has become an important part of the pop-culture fabric, and while l
  
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• GrubHub tumbles after Uber says it has a massive opportunity in food delivery (GRUB)

  12-04-2019 18:41 via feedproxy.google.com
  GrubHub plunged more than 6% on Friday after Uber's S1 filing said it has an outsized opportunity in the food-delivery space. 
  Uber believes its Uber Eats app has so far only captured 1% of a nearly $800 billion market.
  Watch GrubHub trade live.
  GrubHub dropped more than 6% Friday after Uber's S1 filing indicated the ride-sharing company was continuing its aggressive expansion into the food-delivery business through its subsidiary UberEats. GrubHub's stock has plunged more than 50% from its
  
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• Uber can't decide whether cofounder Travis Kalanick is an asset or a liability, and it makes for an awkward but revealing IPO filing (UBER)

  12-04-2019 17:58 via feedproxy.google.com
  Uber went to great lengths in its initial-public-offering filing to show it had cleaned up its act and fixed the problems that once plagued the company.
  That means indirectly indicting the era of Travis Kalanick, its cofounder and former CEO.
  It's an awkward dance, since Kalanick is still a director on Uber's board.Travis Kalanick's name appears 13 times in Uber's IPO prospectus.
  But the cofounder and former CEO of Uber appears many more times, if you read between the lines of the company's S-1
  
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• Americans are becoming much less optimistic about the economy as growth slows

  12-04-2019 17:33 via feedproxy.google.com
  Americans were much less optimistic about the outlook for the economy in early April, the latest sign of expectations for a sustained slowdown in growth.  
  Consumer confidence fell to 96.9 at the beginning of the month, according to the University of Michigan's consumer sentiment index, compared with expectations for a reading of 98.2.
  Americans don’t expect much more to come from the $1.5 trillion tax-cut package passed in late 2017, the data suggested.
  Americans were much less optim
  
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• Tesla's cheapest car just became a lot more difficult to buy (TSLA)

  12-04-2019 17:06 via feedproxy.google.com
  Tesla has made big changes to its Model 3 offerings, the company announced Thursday night. 
  The standard range version, the cheapest car Tesla sells, will only be available to purchase in-person at retail stores or by phone.
  Last month, Tesla said it was shifting all sales to online-only and closing many stores.Tesla is closing many of its retail stores, but if you want to buy the cheapest car the company offers, you'll have to find one that's still open — or hop on the phone.
  In a bl
  
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• Disney soars to record high after laying out the details of its new streaming service (DIS)

  12-04-2019 16:41 via feedproxy.google.com
  Disney shares rocketed more than 10% on Friday morning to a record high after the company released details of its new streaming service, Disney Plus.
  The company says the entire "Star Wars" series and the first 30 seasons of "The Simpsons" will be available to stream at launch.
  Watch Disney trade live.
  Disney shares were up more than 10% on Friday morning, hitting a record high of $130.90, after the company revealed details of its new streaming service, Disney Plus, during the company's investor
  
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• Jamie Dimon warns of a risk that could throw off the US economy after a record-breaking quarter (JPM)

  12-04-2019 16:33 via feedproxy.google.com
  A shortage in the housing market is "a little bit of a tailwind" in the US economy, JPMorgan CEO Jamie Dimon said Friday.Softer construction activity has compounded home shortages across the country in recent months.But some hope lower mortgage rates could pull buyers from the sidelines this spring in what has been a slowing housing market.
  JPMorgan CEO Jamie Dimon said on Friday he sees housing shortages in the US as a partial tailwind for still solid growth, but outlined risks in an economy wi
  
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• Lyft sinks to new low after Uber files to go public, highlighting Wall Street's competition concerns (LYFT)

  12-04-2019 16:08 via feedproxy.google.com
  Lyft shares fell on Friday after its chief rival, Uber, officially filed to go public the evening prior.
  Cautious analysts covering Lyft have cited competition in the ride-hailing space as a fundamental concern about the stock.
  Watch Lyft trade live.
  Lyft shares on Friday fell to their lowest level on record after rival Uber officially filed to go public the prior evening, underscoring a fundamental concern about competition Wall Street analysts have cited for weeks.
  "We've been anticipating tha
  
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• 'Setting a high bar': Banks are in rally mode after JPMorgan and Wells Fargo top expectations (JPM, WFC)

  12-04-2019 15:43 via feedproxy.google.com
  Bank stocks in the US rose across the board on Friday after JPMorgan and Wells Fargo's quarterly results topped analysts' expectations.
  The Financial Select Sector SPDR Fund, an ETF that tracks big bank stocks, jumped 2%. 
  Visit MarketsInsider.com for more stories.
  JPMorgan and Wells Fargo kicked off earnings season with a bang as both banks' first-quarter results topped Wall Street's expectations, sending names in the sector higher across the board. 
  JPMorgan's results were particular
  
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• Uber's IPO filing can't decide whether it loves or hates Travis Kalanick, and it's pretty awkward (UBER)

  12-04-2019 01:49 via feedproxy.google.com
  Uber goes to great lengths in its IPO filing to show that it's cleaned up its act and fixed the problems that once plagued the company.
  That means indirectly indicting the era of former CEO and cofounder Travis Kalanick.
  It's an awkward dance, since Kalanick is still a director on Uber's board.Travis Kalanick's name appears a total of 13 times in Uber's IPO prospectus. 
  But the cofounder and former CEO of Uber appears many more times, if you read between the lines of the company's S-1 filed
  
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• T-Mobile launches pay-TV service in USA

  12-04-2019 01:39 via warc.com
  Telco T-Mobile is expanding into the pay-TV market with the launch of TVision Home, a rebranded and upgraded version of Layer3 TV, a company T-Mobile acquired last year.The new TV service will be available from 14th April in eight metro areas...
  
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• P&G seeks media supply chain transformation

  12-04-2019 01:39 via warc.com
  Procter & Gamble, the consumer packaged goods manufacturer, believes that fundamental change is required in the media supply chain, rather than only seeking to “clean up” the problems that now beset the digital ecosystem.Marc...
  
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• Just 11% of UK consumers 'enjoy' advertising

  12-04-2019 01:39 via warc.com
  Brands risk alienating consumers and damaging the effectiveness of their campaigns if they over-target their ads, according to a new survey that warns of growing antipathy towards advertising in the UK.Kantar, the research and insights firm, has...
  
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• China on course for 74,000 coffee shops by 2020

  12-04-2019 01:39 via warc.com
  China’s booming coffee trend shows little sign of waning, as is confirmed by a new survey that suggests the country will host as many as 74,000 coffee outlets by 2020.According to research firm Mintel, coffee sales by value are...
  
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• Cannes Lions announce year-round learning experience

  12-04-2019 01:39 via warc.com
  As part of the festival’s plan to extend its learning opportunities throughout the year, Cannes Lions has announced a new series of online courses, produced in conjunction with the digital learning provider 42 Courses.The new suite of...
  
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• Birds Eye puts focus on creativity

  12-04-2019 01:39 via warc.com
  Frozen food brand Birds Eye has reframed its strategy around greater creativity and turned around the business as a result, according to marketing director Steve Challouma.And he considers creativity in the broadest sense, which goes far beyond...
  
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• Asia's millennials lead the way in m-commerce

  12-04-2019 01:39 via warc.com
  Asia is leading the way for mobile-based shopping over physical stores, with quite a push from the millennial market, for whom mobile shopping seems to hold special appeal, according to a regional Twitter executive.Martyn U’ren,...
  
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• Two senior execs at Thoma Bravo's Apttus, including the controversial head of revenue, have left without immediate replacements

  12-04-2019 01:39 via feedproxy.google.com
  Apttus Chief Revenue Officer Raj Verma has left the company, according to a memo obtained by Business Insider.
  Verma was a contentious figure at Apttus, where current and former employees accused him of creating a culture of bullying and fear.
  His departure comes just six months after Apttus was bought by private equity firm Thoma Bravo and nearly a year after founding CEO Kirk Krappe left the company following allegations of sexual misconduct.
  Visit BusinessInsider.com for more stories.The head
  
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• Uber relies on Google Maps for its business and spent $58 million on it over three years (GOOGL, GOOG)

  12-04-2019 01:11 via feedproxy.google.com
  Uber filed to go public on Thursday, and its paperwork shows that Uber spent $58 million on Google Maps between 2016 and 2018.
  Uber sees Google Maps as "critical" to its business, it says in the filing. 
  If Google and Uber were to end their agreement, this could harm Uber's business because other mapping services may be expensive, inferior, or just not exist. Uber filed to go public on Thursday, and its S-1 paperwork revealed that from the beginning of 2016 to the end 2018, Uber spent
  
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• Uber says the #DeleteUber movement led to 'hundreds of thousands' of people quitting the app

  12-04-2019 00:26 via feedproxy.google.com
  Uber filed public IPO proposal documents on Thursday as it readies itself for what could be one of the biggest IPOs in years.
  In the risk factors mentioned in its S-1 filing, Uber said that its business was "negatively impacted" when "hundreds of thousands" of customers deleted their accounts as part of the #DeleteUber campaign.
  The #DeleteUber movement went viral in January 2017 after Uber was accused of profiting off of a protest against President Trump's travel ban.Uber filed its IPO proposal
  
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• Uber expects to pay around $300 million in total payouts to more than 1 million qualifying drivers as a one-time reward

  12-04-2019 00:06 via feedproxy.google.com
  In a regulatory filing to go public released Thursday, Uber announced its plans to pay out a one-time cash reward to more than 1 million drivers for a total around $300 million.
  Qualifying Uber drivers will receive the award at the end of April 2019, according to the filing.
  According to the filing, each qualifying driver in the US will receive either $100, $500, $1,000, or $10,000, based on the number of lifetime trips completed on the platform.
  To qualify, drivers will have had to complete one
  
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