Sales & Marketing news

• Lyft just lost its lawsuit against New York City's minimum wage rule for drivers (LYFT)

  01-05-2019 19:34 via feedproxy.google.com
  Lyft has lost its lawsuit challenging New York City's minimum wage for ride-hailing drivers.
  The company, along with competitor Juno, originally filed a lawsuit against the $17.22 per hour minimum in January. 
  Lyft argued that the "utilization rate" used to calculate pay gave Uber an unfair advantage. New York City's minimum wage law for ride hailing drivers, the first law of its kind in the country, was struck down by a state judge on Wednesday.
  Judge Andrea Masley ruled that the laws
  
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• Hundreds of Facebook employees partied at a luxury hotel after announcing a big new redesign of the social network (FB)

  01-05-2019 19:31 via feedproxy.google.com
  Facebook threw a glitzy party for hundreds of employees at a luxury hotel on Tuesday night.
  The entertainment on offer included casino tables, karaoke, free massages, an open bar, and a magician.
  It was to celebrate the launch of Facebook's redesign, one of the social network's biggest facelifts ever.
  And it comes as Facebook tries to move past two years of constant scandals.
  Visit Business Insider's homepage for more stories.Facebook unveiled its biggest facelift in years — and employees
  
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• Blue Apron is testing same-day delivery in a bid to get back on track after a terrible year

  01-05-2019 19:23 via feedproxy.google.com
  Blue Apron is testing an on-demand, same-day delivery service in the Bay Area in a bid to attract more lucrative customers and turn a profit.
  The trial is its latest effort to attract "high-affinity" customers who order more, spend more, and don't quit its service.
  Blue Apron's revenue shrunk 28% in the first quarter of 2019, as orders slid 29% and total customers fell 30%.
  However, the company pointed to higher average order values and average orders per customer as evidence that its new strate
  
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• Here comes the Fed ...

  01-05-2019 19:06 via feedproxy.google.com
  The Federal Reserve is expected to hold borrowing costs steady Wednesday.
  Despite pressure from the White House, economists say a rate cut isn't likely to happen anytime soon.
  The Federal Reserve is widely expected to leave borrowing costs unchanged at the end of a two-day policy meeting on Wednesday.
  Officials have signaled they would hold interest rates steady for the rest of the year. They last voted to increase the benchmark interest rate by a quarter percentage point in December, bringing i
  
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• How P&G is responding to the in-housing trend

  01-05-2019 18:56 via warc.com
  As the world’s biggest advertiser, Procter & Gamble is often a bellwether for the industry’s future. Its approach to in-housing, outlined here by Stephen Whiteside from WARC, should thus be of interest to brands and agencies...
  
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• The criticism around Tesla selling emission credits proves that analysts don't understand the company's business (TSLA)

  01-05-2019 18:52 via feedproxy.google.com
  Wall Street analysts complained that Tesla failed to acknowledge about $200 million in non-ZEV credit sales for its Q1 earnings, tucking the info away in a 10-Q filing with the SEC instead.
  Tesla has been dinged for selling ZEV and non-ZEV credits before — despite its ability to freely generate them in the natural course of business.
  The complaints demonstrate a worrying trend of analysts ignoring the realities of Tesla's business.
  Visit Business Insider's homepage for more stories. 
  
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• Apple’s growth for the next quarter will be driven by everything but the iPhone, Goldman Sachs says (AAPL)

  01-05-2019 18:28 via feedproxy.google.com
  While several Wall Street analysts have interpreted Apple's earnings beat as a sign that iPhone sales have stabilized, Goldman Sachs says the company's fiscal third-quarter growth will be fueled by other products.
  Those products include the iPad, Mac, and the Apple Watch.
  Apple has been highlighting growing product segments like wearables and services as a bright spot in its quarterly results as iPhone sales continue to decline.
  Visit Business Insider's homepage for more stories. Apple's fi
  
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• The death of the American middle class and rising costs have forced fast-food chains like McDonald's and Taco Bell to try new strategies in their quest to win over budget shoppers (MCD, YUM)

  01-05-2019 18:11 via feedproxy.google.com
  America is seeing an economic "bifurcation," with many people being left behind even as the economy thrives, according to Greg Creed, the CEO of Taco Bell, KFC, and Pizza Hut parent company Yum Brands. 
  As a result, chains like Taco Bell and KFC are doubling down on value to win over budget shoppers who still can't afford to spend much on food. 
  Meanwhile, rising costs are forcing chains such as McDonald's to ditch massive discounts and raise prices.
  Visit Business Insider's homepage f
  
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• Investment titan Steve Cohen's Point72 is reportedly looking to raise another $1 billion

  01-05-2019 17:30 via feedproxy.google.com
  Steve Cohen is reportedly in the market for a further $1 billion for his firm Point72 Asset Management.
  The legendary investor raised $5 billion with the hedge fund's launch last year.
  Cohen appears to have recovered from the closure of his previous firm, SAC Capital.
  Billionaire investor Steve Cohen is looking to grow assets under management at his firm, Point72 Asset Management, according to a report from Bloomberg.
  Cohen is looking to add an additional $1 billion of outside capital before Sep
  
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• The White House probably won't be happy with the Fed's interest-rate decision

  01-05-2019 17:19 via feedproxy.google.com
  The White House has been stepping up pressure on the Federal Reserve to lower interest rates.
  The Fed, however, has signaled it will leave interest rates unchanged this year. Its latest decision is due Wednesday.
  While the economy is expected to slow, it remains stronger than expected by many measures.
  The Federal Reserve is expected to leave borrowing costs unchanged Wednesday at the end of a two-day policy meeting even amid increased pressure from the White House to lower them.
  Officials on th
  
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• 'Small earthquakes can lead to large tsunamis': A Wall Street chief risk officer breaks down why European turmoil is what keeps her up at night

  01-05-2019 16:51 via feedproxy.google.com
  Lara Warner, the group chief risk officer for Credit Suisse, said risks to Europe's economy and stock markets are rising and options for dealing with a crisis are limited.
  Warner says Europe's markets are "fragile" and unexpected election results or other surprises could have huge consequences.
  Experts including Warner and Scott Minerd of Guggenheim Investments said the European Central Bank may not be able to help if the regional economy gets worse.
  Visit Business Insider's homepage for more st
  
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• The CEO of SoftBank Investment Advisers, who runs the world's biggest venture fund, offers an inside look at how he picks which companies to lavish with billions of capital

  01-05-2019 16:39 via feedproxy.google.com
  Rajeev Misra, the CEO of the $100 billion SoftBank Vision Fund, had a wide-ranging discussion at this week's Milken Institute Global Conference about his investing process.
  Misra revealed how he picked the companies in his portfolio and what he looks for in a CEO.
  Follow all of Business Insider's coverage of the 2019 Milken Conference here.BEVERLY HILLS, California — If you're a promising yet fledgling company looking for a capital injection, chances are you've asked SoftBank Investment Ad
  
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• Uber is seen as a 'once in a generation company,' but it still faces major competition from Lyft

  01-05-2019 16:35 via feedproxy.google.com
  Uber's imminent initial public offering is expected to present a massive opportunity for investors, but its competitor Lyft's threat is not to be ignored, a Wall Street analyst said on Wednesday.
  "Although Uber is the number one player, Lyft has grown rapidly over the last few years and has eaten at Uber's market share," Susquehanna's Shyam Patil said.
  Uber's slowing bookings and revenue growth are additional risks investors will have to consider, Patil said.
  Visit Markets Insider's homepage for
  
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• Apple's 'iPhone likely bottomed': Here's what Wall Street is saying about the tech giant's Q1 results (AAPL)

  01-05-2019 16:23 via feedproxy.google.com
  Wall Street analysts covering Apple were broadly positive following the company's first-quarter results on Tuesday.
  The company's shares gained 5% early Wednesday.
  Watch Apple trade live.
  Apple's first-quarter earnings beat on Tuesday drove strongly positive reactions from both investors and Wall Street analyst. The company's stabilization in iPhone sales provided clarity after a rare warning in January.
  The company's shares spiked 5% in trading early Wednesday.
  Revenue was driven by increased g
  
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• How Berkshire Hathaway's annual meetings exploded to become must-go carnivals for Warren Buffett disciples around the world (BRKA, BRKB)

  01-05-2019 16:06 via feedproxy.google.com
  On May 4, Berkshire Hathaway CEO Warren Buffett will host thousands of shareholders who flock to Omaha to watch him answer questions and shop at the company's subsidiaries. 
  The annual event — a pilgrimage for many investors — had more modest beginnings in a lunchroom.  
  Steve Jordon, a former columnist who wrote at the Omaha World-Herald for more than 50 years, recorded how the meeting exploded to become an extravaganza in The Warren Buffett Shareholder: Stories from
  
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• There's a hidden gem in Apple's earnings — and it isn't the services business

  01-05-2019 15:52 via feedproxy.google.com
  Coverage of Apple's second-quarter earnings has focused on lower iPhone sales, strong growth in services and accessories, and the company's bullish revenue forecast.
  The tech giant's hidden gem was the iPad, which had sales growth of 22% in the period, its biggest increase in six years.
  iPad revenue returned to growth in greater China and rose by at least 10% in all other regions.
  Sales of iPhones and Macs fell last quarter, while services revenue grew at a slower rate.
  The iPad appeals to first
  
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• AMD spikes 4% after earnings and revenue beat (AMD)

  01-05-2019 15:39 via feedproxy.google.com
  AMD spiked more than 4% after reporting first-quarter results after Tuesday's closing bell.
  The chipmaker beat expectations for earnings and revenue for the first quarter.
  Watch AMD trade live.
  AMD shares jumped 4% after the company reported first-quarter results that came in ahead of Wall Street estimates.
  The tech giant reported earnings of $0.06, edging out the $0.05 that Wall Street analysts surveyed by Bloomberg were expecting. Revenue was $1.27 billion, exceeding the $1.26 billion that was
  
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• Leaked Barclays memo says another senior exec is leaving in wake of investment bank chief's sudden departure

  01-05-2019 14:31 via feedproxy.google.com
  Guy Saidenberg, the head of distribution and structuring at Barclays, is leaving the company Wednesday, according to an internal memo.
  The exit follows a raft of departures after the shock exit of the investment bank chief Tim Throsby.
  Stephen Dainton, Barclays' interim head of global markets, said in the memo that he planned to present his markets strategy to the executive committee "over the coming weeks."Guy Saidenberg, the head of distribution and structuring at Barclays, is leaving the comp
  
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• KonMari your content strategy

  01-05-2019 13:53 via warc.com
  Content, when done well, can spark joy, writes WARC’s Lucy Aitken, who’s been moderating judging sessions for this year’s WARC Awards’ Effective Content Strategy category.
  
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• CVS sales jump as Aetna acquisition closes (CVS)

  01-05-2019 13:10 via feedproxy.google.com
  CVS beat on both the top and bottom lines.
  The company raised its full-year earnings outlook. 
  Shares gained 4.5% early Wednesday.
  Watch CVS trade live.
  CVS on Wednesday reported strong first-quarter earnings and revenue and raised its guidance for the rest of the year, sending shares up 4.5% ahead of the opening bell. 
  The integrated pharmacy health care provider earned an adjusted $1.62 a share on net revenue of $61.6 billion, easily beating the $1.51 and $60.24 billion that analysts
  
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• 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TSLA, AAPL, AMD, GOOGL)

  01-05-2019 12:53 via feedproxy.google.com
  Here is what you need to know.Here comes the Fed. The Federal Reserve is expected to hold its benchmark interest in a range between 2.25% and 2.50%, with Wall Street economists surveyed by Bloomberg seeing just a 2.6% chance of a rate cut.
  Apple beats the Street. The tech giant beat on both the top and bottom lines, but iPhone sales slumped 17% year-over-year to $31.1 billion. Shares were up 5% late Tuesday.
  Uber's IPO has huge demand. The ride-hailing company's initial public offering has sold
  
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• Global stocks gain after Apple 'got its mojo back' with bullish forecast — while traders cheer China trade-war progress and Fed meeting

  01-05-2019 11:36 via feedproxy.google.com
  Global stocks gained Wednesday after Apple issued a bullish revenue forecast and revealed signs of recovery in iPhone sales.
  Apple's shares rose more than 5% in premarket trading after the company forecast third-quarter revenue of $52.5 billion to $54.5 billion, above analysts' expectations.
  Helping sentiment was progress in the US-China trade war.
  Federal Reserve Chairman Jerome Powell is set to discuss the state of the US economy later Wednesday.
  Watch Apple trade live.Global stocks gained Wed
  
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• Lessons from the WARC Effectiveness 100

  01-05-2019 02:00 via warc.com
  WARC’s analysis of the world’s top campaigns for effectiveness highlights three key themes: the need for innovation in media strategies to drive attention, the importance of brands to be instantly recognisable and blending brand and...
  
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• Lessons from the WARC Effective 100

  01-05-2019 02:00 via warc.com
  WARC’s analysis of the world’s top campaigns for effectiveness highlights three key themes: the need for innovation in media strategies to drive attention, the importance of brands to be instantly recognisable and blending brand and...
  
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• Kweichow Moutai: what makes the world's most valuable alcohol maker?

  01-05-2019 02:00 via warc.com
  Kweichow Moutai is China’s, and the world’s, most valuable alcohol company by market capitalisation, and is expected to surpass the value of any mainland-traded company ever. Its success is tied to China’s economy and culture, and...
  
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• Facebook touts privacy push

  01-05-2019 02:00 via warc.com
  Facebook, the social network, has outlined the goal of putting privacy at the heart of its products and corporate strategy, a move forming part of a considered approach that looks well beyond its one-time manifesto to "move fast and break things". ...
  
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• BBC showcases audio, video innovations

  01-05-2019 02:00 via warc.com
  Personalised audio and dynamic video content are among the innovations BBC News is touting to advertisers in the year ahead.At a Digital Content NewFront presentation in New York this week, the broadcaster outlined how it plans to develop its...
  
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• Aussie supermarkets can do more on healthy food

  01-05-2019 02:00 via warc.com
  As “gatekeepers” to most Australians’ food and beverage shopping, the nation’s four major supermarket chains can play a much more active role in people’s health, a new report suggests.A study led by The George...
  
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