Sales & Marketing news

• Cash-strapped Occidental will pay Warren Buffett's $200 million dividend in stock as the oil market melts down

  15-04-2020 23:26 via feedproxy.google.com
  Occidental Petroleum will paying Berkshire Hathaway its $200 million quarterly dividend in discounted stock instead of cash, according to a Wednesday regulatory filing.
  Warren Buffett's holding company helped finance Occidental's $38 billion acquisition of a rival firm. In turn, Berkshire received $10 billion in the oil producer's stock with a heft 8% dividend yield.
  Paying the sum in stock allows Occidental to maintain cash flow amid a sharp market downturn. The company has recently endured an
  
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• Billionaire investor Howard Marks wants to raise a record-setting $15 billion distressed-debt fund designed to profit from coronavirus wreckage, new report says

  15-04-2020 23:26 via feedproxy.google.com
  Howard Marks's Oaktree Capital plans to raise $15 billion for the biggest ever distressed-debt fund, Bloomberg reported Wednesday, citing an investor presentation.
  The vehicle will buy up debt from companies hit hardest by the coronavirus, and Oaktree could even take controlling stakes in the event of a restructuring.
  Firms had been taking on large amounts of debt leading up to the coronavirus outbreak, creating "firewood" for the pandemic to set alight, the presentation reportedly said.
  The fun
  
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• 450 flips with no prior experience: Here's the 3-part real-estate-investing strategy a former Microsoft engineer is using to generate 'piles of cash' in a market that's nearing recession

  15-04-2020 23:26 via feedproxy.google.com
  
  J Scott, author and cohost of "BiggerPockets Business Podcast," thinks the real estate market is nearing a top.
  He outlines an investing strategy that accounts for drastic downside risk, so he can thrive regardless of how much market conditions deterioriate.
  Scott — who reveals his tried and true three-part strategy for housing-market success — says flipping homes is "a great way to generate piles of cash."
  Click here for more BI Prime stories.When J Scott — author, former Micr
  
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• Ray Dalio says investors would be 'pretty crazy to hold bonds' right now as central banks continue to print money

  15-04-2020 23:25 via feedproxy.google.com
  Ray Dalio of Bridgewater Associates said in an interview with Bloomberg on Wednesday that investors would be "pretty crazy to hold bonds" in this period.
  "If you're holding a bond that gives you no interest rate, or a negative interest rate, and they're producing a lot of currency and you're going to receive that, why would you hold that bond?" Dalio said, referring to government bonds.
  Dalio said he liked gold, stocks, and some corporate bonds in the current environment.
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• Bank of America's wealth-management chief overseeing $2.7 trillion says investors must make 3 permanent changes to thrive in a market ravaged by the coronavirus

  15-04-2020 23:25 via feedproxy.google.com
  
  The coronavirus pandemic is changing markets in ways that will warrant new investing behaviors, Chris Hyzy, the chief investment officer for Merrill and Bank of America Private Bank, said.
  In an exclusive interview with Business Insider, Hyzy explained his view on how investors should rejigger their diversification, asset-allocation, and portfolio-rebalancing practices in a post-coronavirus world.
  Click here for more BI Prime stories. The world will look very different when the coronavirus
  
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• Dow dives 445 points as earnings results hint at massive coronavirus impact

  15-04-2020 22:04 via feedproxy.google.com
  All three major US stock indexes tumbled on Wednesday as retail-sales data and quarterly earnings reports reflected the harm of the coronavirus outbreak.
  Shares of Goldman Sachs, Citigroup, and Bank of America slipped after all three firms reported quarterly profit declines of at least 45%.
  The Commerce Department announced that retail sales plunged by 8.7% in March, the biggest drop since the department began tracking the data in 1992.
  WTI crude oil slipped to $19.20 per barrel at intraday lows
  
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• Economists expect new data to show all US jobs created since the Great Recession have been wiped out in just 4 weeks

  15-04-2020 21:39 via feedproxy.google.com
  
  On Thursday, the Labor Department will release US weekly jobless claims for the week ending April 11. The median consensus estimate from economists is 5.46 million claims, according to Bloomberg data.
  In the last three weeks, nearly 17 million Americans have filed for unemployment insurance as coronavirus-induced layoffs persist. 
  If Thursday's report meets or exceeds the consensus estimate, it will show the US has wiped out all jobs created since the Great Recession in just a matter of wee
  
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• A federal judge just ruled that Tesla must face a shareholder lawsuit over Elon Musk's tweet saying he was considering taking the company private (TSLA)

  15-04-2020 21:39 via feedproxy.google.com
  
  Tesla must face a lawsuit claiming it misled shareholders when Elon Musk tweeted that he was considering taking the company private, a federal judge ruled Wednesday.
  Musk tweeted in August 2018 that he had secured funding to take the company private at $420 per share, which turned out not to be true.
  The tweet has led to multiple headaches for the company, including a $40 million settlement with the SEC, Musk stepping down as Tesla's board chair, and restrictions on his communications.
  Wedn
  
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• Frustrated Americans are trying to see if their stimulus checks have been deposited, but bank websites and apps from Chase, Capital One, US Bank, and PNC aren't working

  15-04-2020 21:32 via feedproxy.google.com
  
  The websites and apps of major American retail banks experienced errors on Wednesday.
  The issues arose as people logged on en masse to check on their coronavirus stimulus payments. 
  The Internal Revenue Service also had issues with a new site that let people check the status of their payment. 
  Visit Business Insider's homepage for more stories.As Americans logged on to check the status of their coronavirus stimulus payments on Wednesday, many were hit with another hurdle: broken websit
  
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• Millions of disabled and elderly Americans on Supplemental Security Income will get $1,200 stimulus checks without needing to file a tax return, Treasury says

  15-04-2020 21:17 via feedproxy.google.com
  
  Millions of people receiving Supplemental Security Income benefits no longer need to file a tax return to get a stimulus payment from the federal government.
  "SSI recipients with no qualifying children do not need to take any action in order to receive their $1,200 economic impact payment. The payments will be automatic," the Treasury secretary said.
  Many people on SSI were at risk of missing out on the $1,200 stimulus checks because they don't usually file tax returns.
  The Treasury said their p
  
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• The 8 most important things to know about the $1,200 stimulus checks going out to Americans during the coronavirus pandemic

  15-04-2020 21:09 via feedproxy.google.com
  Under the stimulus, many Americans would receive $1,200 from the federal government to bolster their finances.
  The government has twice before sent checks to Americans who had filed tax returns, during the George W. Bush administration.
  Individuals earning above $99,000 would not get the money.
  Visit Business Insider's homepage for more stories.
  President Trump signed a $2 trillion stimulus package into law to salvage a coronavirus-battered American economy and inject it with a flood of cash. &n
  
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• How a seasoned real estate investor advises recession-proofing your REIT portfolio: balancing enough 'defensive' sectors with the right 'difficult' ones

  15-04-2020 20:42 via feedproxy.google.com
  
  Investors can prepare their REIT portfolios for a recession in two ways, according to Leonberg Capital President Jussi Askola, an experienced investor in the space.
  He told Business Insider that investors should focus on "defensive" property sectors and avoid being over-reliant on "difficult" ones heavy on hotels and retail.
  Visit Business Insider's homepage for more stories.Jussi Askola began investing in REITs about 10 years ago, and has invested in various markets including the US and Germany
  
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• Dow dives 500 points as earnings results start to show the massive impact of the coronavirus

  15-04-2020 18:46 via feedproxy.google.com
  All three major US stock indexes plummeted on Wednesday as retail-sales data and quarterly earnings reports reflected the harm of the coronavirus outbreak.
  Shares of Goldman Sachs, Citigroup, and Bank of America tumbled after all three firms reported quarterly profit declines of at least 45%.
  The Commerce Department announced that retail sales plunged by 8.7% in March, the biggest drop since the department began tracking the series in 1992.
  West Texas Intermediate oil slipped to $19 per barrel a
  
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• Leaked McDonald's memo demands franchisees support paid sick leave and a 10% 'hero' raise for workers, as the fast-food giant faces backlash over workers' struggles

  15-04-2020 18:40 via feedproxy.google.com
  
  McDonald's US president Joe Erlinger pushed franchisee groups to support paid sick leave and "hero" raises for workers during the coronavirus pandemic in a leaked letter. 
  Erlinger also shot back against franchisees' accusations that McDonald's was not doing enough to support them financially, saying franchisees' demands fail to recognize the company has "finite resources." 
  With 95% of McDonald's locations owned by franchisees, the decisions around workers' pay and benefits for the va
  
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• Morgan Stanley says its 'biggest fear' for the coming recession is that policymakers repeat the mistakes they made after the 2008 financial crisis

  15-04-2020 18:24 via feedproxy.google.com
  
  Analysts at Morgan Stanley believe that the current downturn will be worse than the global financial crisis.
  "Our biggest fear is that 2021 repeats the mistakes of 2010," the team of analysts said in a note published Wednesday, regarding fiscal tightening measures implemented post the financial crisis.
  Asking people to continue social distancing in May when new cases are declining and economic pain is mounting will be a harder challenge, the analysts said.
  Visit Business Insider's homepage for m
  
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• Here are the biggest industry winners and losers from the first post-coronavirus retail sales report — one that saw a record spending plunge

  15-04-2020 18:22 via feedproxy.google.com
  
  US retail sales fell by a record 8.7% in March as the coronavirus pandemic increased layoffs and kept many people at home.
  There were major declines in most areas of the March report, with one bright spot: Grocery stores saw a jump in sales as people stocked up on food during lockdowns.
  Here are the biggest winners and losers from the March report.
  Visit Business Insider's homepage for more stories.US retail sales slumped in March, showing just how quickly spending slowed as much of the country
  
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• A Wall Street strategy chief lays out 8 stock trades that can give investors an extra jolt of returns as the post-coronavirus rally enters a new phase

  15-04-2020 18:19 via feedproxy.google.com
  
  Jim Paulsen, Leuthold Group's chief investment strategist, says it's a good time for investors to add some risk to their portfolios and recommends focusing on stocks that are more volatile than the broader market.
  He says making those adjustments now will pay off in the longer run, even if stocks can't hang on to the rapid gains they've made in the last three weeks.
  Paulsen offered a series of eight ways investors can use to implement that idea.
  Visit Business Insider's homepage for more stories
  
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• Here are the 30 most powerful people in Bank of America's $8 billion bond-trading division

  15-04-2020 18:05 via feedproxy.google.com
  
  Business Insider is mapping out the power structure in the global banking and markets businesses overseen by Bank of America Merrill Lynch COO Tom Montag — one of the most powerful execs on Wall Street. 
  In the kingdom that Montag rules over, no group looms larger than fixed-income, currencies, and commodities.
  The group accounted for $8.4 billion in revenue in 2019, more than any other investment-banking business line at the firm. 
  FICC trading revenue jumped 13% in the first qu
  
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• The COVID-19 mandate: protect adspend and plan ahead

  15-04-2020 01:09
  
  Brands should maintain their adspend levels wherever possible during the COVID-19 crisis, while also using the present situation to carefully map out plans for 2021.
  
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• Stores reopen in China but cautious consumers stay away

  15-04-2020 01:09
  
  Retailers might have been hoping that when the worst of the COVID-19 outbreak is over, consumers fed up with being confined to their homes would hit the shops in big numbers, but early evidence from China, the epicentre of the pandemic, shows...
  
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• Publicis slashes costs, looks to Marcel

  15-04-2020 01:09
  
  French ad giant Publicis has announced plans to save €500 million in costs by cutting salaries and halving dividends, while at the same time accelerating the rollout out of its AI platform, Marcel, in the US. 
  
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• India’s marketers bullish on martech for engagement and personalisation boost

  15-04-2020 01:09
  
  Marketers across India are bullish on martech as the emphasis shifts towards ROI (return on investment) rather than a flag-planting approach, according to Mirium India.
  
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