Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
Under CEO James Gorman, Morgan Stanley has emphasized its wealth management division, a far steadier business than its trading operations.Financeread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.Marketsread more
Barr and Ross had defied Democrats' subpoenas for information about the Trump administration's efforts to add a citizenship question to the 2020 census.Politicsread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
Iran's state TV says Revolutionary Guard forces have seized a foreign tanker with 12 crew accused of smuggling oil.World Politicsread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
Qualcomm, the world's no.1 chipmaker, was fined 242 million euros ($272 million) on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust...Technologyread more
Uber has hired Rebecca Messina as its first chief marketing officer (CMO). She joins from drinks company Beam Suntory, where she had been global CMO since 2016.
Prior to that, Messina spent almost 22 years at Coca-Cola, lastly as a senior vice-president in its ventures and emerging brands team.
Messina will be tasked with bringing Uber's global marketing teams together, the company said in an online statement. "My focus has always been on three things: people, growth and brands. Uber checks all three boxes: a rapidly growing global business, with the opportunity to build an iconic brand alongside a team that's committed to transforming the future of mobility," Messina said in the statement Monday.
Barney Harford, Uber's chief operating officer, added: "We're excited to learn from her as we work to make Uber one of the world's most valuable brands, supported by cutting-edge marketing systems."
Uber hasn't had a CMO before, but it did have a high-profile chief brand officer, Bozoma Saint John, hired to help the company's turnaround strategy after former CEO Travis Kalanick left amid a sea of controversy. Saint John spent a year at Uber, leaving in June for marketing business Endeavor.
Uber started running a multi-million dollar ad campaign in May, featuring new CEO Dara Khosrowshahi, who promised a new leadership team and better service for customers and drivers.
Last month, the company hired Nelson J Chai as its new chief financial officer, ahead of its planned initial public offering, likely to be in 2019.