Sales & Marketing news

• WeWork could face a cash crunch as soon as February. Industry watchers think SoftBank, its lenders, and the entire industry has too much at stake to let it go under.

  27-09-2019 22:59 via feedproxy.google.com
  WeWork could face a cash crunch as soon as February and possibly even sooner.
  At the rate the company was burning cash in the first half of this year, it doesn't have enough on hand to last it another year.
  But analysts who spoke with Business Insider doubted the company will go out of business.
  WeWork's new co-CEOs are already moving to sell off extraneous businesses and assets, and the company's partners and investors will likely pony up more cash to help it survive, they said.
  Read all of Bus
  
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• Stocks tumble as US-China tensions escalate

  27-09-2019 22:19 via feedproxy.google.com
  Stocks traded lower on Friday after Bloomberg reported that the White House is mulling restrictions to US investment in China. 
  The White House is reportedly considering multiple options, including delisting Chinese companies from US stock exchanges and restricting Americans' vulnerability to Chinese firms through pension funds. 
  Data released on Friday from the University of Michigan's consumer sentiment surveyed showed US consumers became more concerned about the impact of tariffs an
  
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• Uber's market value slips below GM's for the first time since its IPO (UBER, GM)

  27-09-2019 20:29 via feedproxy.google.com
  Shares of Uber traded as much as 3.7% lower on Friday, sending the company's market value sliding below General Motor's for the first time since its initial public offering. 
  The ride-hailing giant's market value sat at $52.3 billion on Friday afternoon, compared to General Motor's $53.1 billion. 
  Uber's stock has fallen more than 26% since the company went public in May at $45 a share.
  Visit the Business Insider homepage for more stories. 
  Uber's market value has fallen
  
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• Wells Fargo bumped their new CEO's salary 40% — to $23 million — to convince him to join (WFC)

  27-09-2019 20:21 via feedproxy.google.com
  Wells Fargo announced Friday that Charles Scharf of BNY Mellon will be its new CEO.
  A filing revealed that Scharf was offered a 40% salary bump — to $23 million — for the top position at the bank, Bloomberg reported. 
  Here's a breakdown of the full salary package. 
  Read more on Business Insider. 
  Charles Scharf is getting a significant pay bump to be the next CEO of Wells Fargo, and it may have helped the scandal-ridden bank win him over. 
  Scharf's annual target c
  
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• The White House is reportedly considering limits to US investment in China, including delisting Chinese firms from major exchanges

  27-09-2019 19:59 via feedproxy.google.com
  The Trump administration is considering limits to US investors' flows into China, Bloomberg reported Friday.
  The White House is weighting several options, including delisting Chinese companies from US stock exchanges and restricting Americans' vulnerability to Chinese firms through pension funds.
  It's not yet certain how the government would roll out any of the plans.
  US officials have not had any discussions with the Chinese government about the issue, and are looking to keep any actions separa
  
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• Here's how Trump's trade war is threatening the backbone of the US economy

  27-09-2019 19:01 via feedproxy.google.com
  Stronger earnings helped brighten the outlook for Americans in September.
  But consumers have grown increasingly anxious about tariffs on thousands of products traded between the largest economies.
  Trump announced a series of tariff hikes against China in August, prompting retaliation and casting doubt on the prospect of a near-term deal between the two sides.
  Visit the Business Insider homepage for more stories.
  President Donald Trump's trade dispute with China has started to chip away at one of
  
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• A JPMorgan heavyweight who advises a $1.7 trillion business breaks down the perfect blend of international investment for the next 5 years — which he says will guard against a recession

  27-09-2019 18:54 via feedproxy.google.com
  David Kelly of JPMorgan Asset Management thinks international stocks look more appealing than US stocks over the next five years.
  He broke down how investors should balance their portfolios inside and outside the US, and in emerging and developed markets. 
  US stocks have dominated over the past decade, and Kelly says other areas have more potential for growth, along with lower valuations.
  While he's not predicting an imminent recession in the US, he said there would probably be one within t
  
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• Peloton is the latest in a line of IPO flops and failures this year. Here are 5 of the biggest.

  27-09-2019 18:04 via feedproxy.google.com
  Peloton's stock plunged 11% on its first day of trading.
  The connected-fitness startup joins Uber, Lyft, WeWork, and Endeavor on the list of high-profile IPO flops and failures this year.
  View Markets Insider's homepage for more stories.Peloton's stock plunged 11% on its first day of trading.
  The connected-fitness startup joins Uber, Lyft, WeWork, and Endeavor on the list of high-profile IPO flops and failures this year.
  Here's a look at each of them: PelotonPeloton's stock slumped 11% on i
  
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• WeWork's junk bonds slashed again by S&P amid company turmoil, failed IPO

  27-09-2019 17:56 via feedproxy.google.com
  S&P Global downgraded WeWork's bonds further into junk territory late Thursday evening amid concerns the company might struggle to raise new capital to fund growth. 
  The rating agency lowered WeWork's credit status to "B-" from "B" and changed its outlook for the company to negative from stable.
  The downgrade follows the company's failed initial public offering and an executive shake-up that resulted in co-founder Adam Neumann stepping down as CEO. 
  Read more stories about WeWork h
  
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• US income inequality jumps to highest level ever recorded

  27-09-2019 17:44 via feedproxy.google.com
  Income inequality in the US last year reached its highest level in more than half a century.
  While the economy has expanded steadily over the past decade, it has disproportionately benefited some of the wealthiest Americans.
  In February, Federal Reserve Chairman Jay Powell said income inequality would be one of the biggest challenges for the US over the next decade.
  Visit the Business Insider homepage for more stories.
  Income inequality last year reached its highest level in more than half a cen
  
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• Hollywood conglomerate Endeavor cancels public offering at last minute amid broader IPO-market struggles

  27-09-2019 17:37 via feedproxy.google.com
  Hollywood conglomerate Endeavor Group canceled its initial public offering plans at the last minute amid broader IPO-market turmoil.
  One such example was Peloton's disappointing opening-day performance, which saw it suffer the third-worst open for any mega-IPO since the financial crisis.
  The company called off the offering Thursday afternoon and said it would continue to evaluate market conditions to better time a public offering.
  The surprising reversal follows several IPO slumps throughout the
  
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• Latam Airlines spikes 33% after Delta investment (LTM, DAL)

  27-09-2019 17:31 via feedproxy.google.com
  Delta Airlines announced a plan to purchase a 20% stake in Latam Airlines for $1.9 billion on Thursday.
  The company will also invest $350 million to "support the establishment of the strategic partnership," bringing the total deal size to $2.25 billion.
  Shares of Latam surged as much as 33% on the news.
  The move "shows the strength of the company's platform in the Latin American market," Pedro Mariani, a research analyst at Bank of America Merrill Lynch, wrote in a client note.
  Watch Latam Airli
  
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• McDonald's might launch its first veggie burger in America within a year, according to UBS analysts (MCD)

  27-09-2019 17:17 via feedproxy.google.com
  McDonald's could roll out a veggie burger in the US as soon as mid-2020, according to UBS analysts' predictions. 
  The fast-food giant announced on Thursday it is partnering with Beyond Meat to test a plant-based burger in Canada. 
  McDonald's will use the test to see whether customers actually order a veggie burger, as well as check whether adding a P.L.T. creates issues with operations and the supply chain, according to UBS.
  Visit Business Insider's homepage for more stories.As McDonal
  
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• A hedge fund manager who turned $126,000 of firmwide assets into $500 million explains his Warren Buffett-esque investment process — and why he's not concerned with today's stock market valuation

  27-09-2019 16:59 via feedproxy.google.com
  Dev Kantesaria, the founder and portfolio manager at Valley Forge Capital Management, is quickly growing his assets under management because of his long-term, systematic approach to investing.
  An avowed value investor, Kantesaria harps on making purchases in high-quality selections with organic growth, predictable earnings, pricing power, and cost efficiency.
  His long time horizon makes him immune to day-to-day market fluctuations, which is why he says he's "not concerned" at all with today's va
  
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• Thomas Cook, Coke, KitKat: 5 things that mattered this week and why

  27-09-2019 13:59
  Is the Thomas Cook brand worth saving?
  Thomas Cook ceased trading this week after talks to find the funding lifeline it needed to keep operating failed.
  The liquidation puts 9,000 British jobs at risk and triggered a huge repatriation effort to bring home the more than 150,000 UK consumers on holidays with the company overseas. It could also spell the end for a 178-year-old brand that led the way in bringing holidays to the masses but in the end did not react fast to the rise of online or find
  
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• Thomas Cook, Coca-Cola, KitKat: 5 things that mattered this week and why

  27-09-2019 13:59
  Is the Thomas Cook brand worth saving?
  Thomas Cook ceased trading this week after talks to find the funding lifeline it needed to keep operating failed.
  The liquidation puts 9,000 British jobs at risk and triggered a huge repatriation effort to bring home the more than 150,000 UK consumers on holidays with the company overseas. It could also spell the end for a 178-year-old brand that led the way in bringing holidays to the masses but in the end did not react fast to the rise of online or find
  
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• How can you use an audience data hub to turbocharge your marketing agility?

  27-09-2019 12:08
  One of the biggest challenges for senior marketers today is to understand and execute a personalised user experience across multiple channels and media. Achieving this in practice is problematic as marketing has become fast-paced and agile, yet data platform projects are still long and cumbersome, with customer and business benefits not delivered until the end of the programme.
  This is leading to constraints on three types of company in the marketplace: first are the enterprise organisations wi
  
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• Marketing Week Top 100: The top consumer goods marketers

  27-09-2019 09:00
  The post Marketing Week Top 100: The top consumer goods marketers appeared first on Marketing Week.
  
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• McKinsey tests smart tech at its very own retail store

  27-09-2019 02:00 via warc.com
  Mall of America, the largest shopping centre in the US, is from today opening up space to a seemingly improbable new retailer – McKinsey, the international management consultancy.
  
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• Indonesia’s Gojek unveils video-streaming service

  27-09-2019 02:00 via warc.com
  Indonesian tech firm Gojek, which is known principally for its ride-hailing and payment services, is now expanding into video streaming in a move widely seen as a challenge to Netflix and other established players in Southeast Asia.
  
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• IHOP's burger play pays off

  27-09-2019 02:00 via warc.com
  An IHOP Restaurants’ campaign that successfully changed people’s perception of the brand as primarily a breakfast dining location and increased burger sales has won the 2019 Grand Ogilvy Award.
  
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• DC Thomson focuses on 55+ female magazine readers

  27-09-2019 02:00 via warc.com
  DC Thomson, the UK publisher with titles ranging from the Dundee Courier to the iconic Beano comic, has launched a premium monthly magazine aimed at women aged over 55 and it is confident advertisers will want to reach this demographic.
  
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• Brexit leaves European marketers undeterred

  27-09-2019 02:00 via warc.com
  Uncertainty about the economic consequences of Brexit lingers in Europe, especially as the UK and the European Union have not yet concluded a withdrawal agreement, yet brand marketers in the UK, France and Germany remain surprisingly upbeat.
  
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• Alibaba aims to have 1 billion users by 2024

  27-09-2019 02:00 via warc.com
  Alibaba, the Chinese e-commerce giant, has released a five-year plan that sets out an ambitious target of serving more than one billion annual active consumers through its China consumer business by 2024.
  
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• ‘Anaemic’ purchase intentions temper consumer confidence increase

  27-09-2019 01:01
  Consumer confidence was up two points in September, in spite of the looming Brexit deadline, with all five measures of GfK’s consumer confidence index increasing.
  That said, confidence remains in negative territory at -12 and views on the wider economy are still poor.
  The measure for the general economic situation of the country during the last 12 months has increased two points this month to -32 and is four points lower than in September 2018. Expectations for the general economic situati
  
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