Diberdayakan oleh Blogger.

Popular Posts Today

Friday Links

Written By limadu on Minggu, 31 Agustus 2014 | 14.44

082914 - friday links

NEW YORK (CNNMoney)

A weekly collection of design, data and interactive links.

Design/Data viz
Forms of color | Vintage illustrations exploring color systems
Police Punishment: CCRB vs NYPD | Interactive analyzing NYPD complaint data
Futuristic UI | Video and stills from the short SIMIAN

Photo/video
Serendipity | Every second, a few people hit "play" on the same track at the same time
Zaha Hadid | Zaha Hadid's Wangjing Soho complex nears completion in Beijing
Instagram programming | A look at what goes on behind the scenes at Instagram

See last week's links

Have a nice weekend!
@dubly and @talyellin

First Published: August 29, 2014: 7:08 PM ET


14.44 | 0 komentar | Read More

The Coolest Kickstarter ever raises over $13 million

NEW YORK (CNNMoney)

The Coolest Cooler (yes, a cooler) raised $13.3 million in its 52-day run. The previous record holder, the Pebble smartwatch raised $10.2 million in 2012.

Why have more than 60,000 people contributed to a cooler campaign?

Well, this cooler includes a blender, waterproof bluetooth speaker, USB charger, cutting board and bottle opener -- a "portable party," according to founder Ryan Grepper of Portland, Ore.

And those who pledged enough ($165 or more) will save at least $130 on the cooler, which will retail for $299.

Related: The 13 most WTF gadgets

Those who contributed less can still get in on a piece of Kickstarter history: A $25 contribution earned a Coolest-branded reusable party cup and a drink guide; for $55, backers receive the party cup plus a "Keep Calm and Blend On" tee.

And for the first eight backers who contributed $2,000, Grepper will fly out and help them host a tailgate party with the Coolest (before its available to backers in February 2015).The record is impressive by any measure, but the last couple days have been a whirlwind: Backers contributed over $2 million in 24 hours.

The rush to contribute in the final days isn't all that shocking to Jason Greenberg, PhD and assistant professor at New York University's business school.

"This is something we tend to see in cultural settings where the 'rich get increasingly richer,'" said Greenberg. "A firm end date and time can precipitate this."

But it adds more pressure to satisfy consumer expectations.

"Bigger capital raises entail bigger expectations and scrutiny," said Greenberg.

Grepper is acutely aware of this obligation.

"I feel personal responsibility to each backer that has supported me and am committed making the Coolest live up to its name," said Grepper.

Related: Water balloon lovers pledge $645,000 on Kickstarter

The success of the Coolest is perhaps all the more surprising because this isn't its first time around the Kickstarter block.

Grepper unsuccessfully tried to raise $125,000 for similar model In November 2013 (he only earned $100,000),

"My confidence was pretty low because of the first campaign," said Grepper.

But a combination of seasonality (launching the campaign in July vs. November), more supporters and an improved design helped him get far more than his $50,000 goal this time around.

Setting the bar so low -- and meeting it within 36 hours of launching -- has helped him get ahead on production. He's currently in the process of locking in a final design and securing a factory to produce the coolers (which will be available in three colors: Margarita, Blue Moon and Coolest Orange).

Related: These startup ideas are money magnets

So, are the millions raised any indication of how it'll fare post-crowdfunding?

They could be.

"We've seen more and more angels and investors using [Kickstarter] as a minor league in terms of [gauging] customer demands," said Greenberg.

Grepper said he's already been contacted by "many" retailers who are interested in working with him to sell the product.

According to PrivCo, a financial data provider on privately-held companies, U.S. cooler sales totaled $635 million in 2013.

Igloo Products Corp "dominates" the market, according to Matt Turlip, senior analyst at PrivCo. The company, which ACON Investments bought from J.H. Whitney & Co. earlier this year, owns 53% of the full-size cooler market.

"Maybe in a year or two, the Coolest can hope to compete," said Turlip.

First Published: August 29, 2014: 9:19 PM ET


14.44 | 0 komentar | Read More

A&E deal would price Vice at $2.5 billion

vice shane smith Vice's co-founder Shane Smith has said he wants Vice to be the "next CNN" and "next MTV."

NEW YORK (CNNMoney)

Vice Media is in talks with A&E about a deal that would value it at more than $2.5 billion, according to a Vice spokesman.

A&E would buy a 10% stake in the company.

Vice would also create content for the A&E cable networks, according to a person with knowledge of the negotiations.

Its online content, magazine and HBO series, called Vice, specifically targets millennials.

On YouTube, the Vice channel has nearly 5 million subscribers. Its most popular video, "First Animal to Survive in Space," has 12.1 million views, followed by "The Biggest Ass in Brazil," which has been viewed 10.6 million times.

A&E, which also owns the Lifetime and History channels, is buying the stake to gain digital exposure.

Flipboard: Future of Media

A&E is jointly owned by Disney (DIS) and the Hearst Corporation. An A&E spokesman declined to comment.

Time Warner (TWC) was also interested in buying a stake in Vice, but those discussions are now over, according to a person familiar with the negotiations. (Time Warner owns CNN.)

This isn't the first time Vice has attracted investment from an established media company. Rupert Murdoch's 21st Century Fox paid $70 million for a 5% stake last year.

Vice's other minority shareholders include marketing services firm WPP, The Raine Group and former Viacom (VIA) chief executive Tom Freston.

The company's co-founder Shane Smith has said he wants Vice to be the "next CNN" and "next MTV."

First Published: August 29, 2014: 8:41 PM ET


14.44 | 0 komentar | Read More

Friday Links

Written By limadu on Sabtu, 30 Agustus 2014 | 14.44

082914 - friday links

NEW YORK (CNNMoney)

A weekly collection of design, data and interactive links.

Design/Data viz
Forms of color | Vintage illustrations exploring color systems
Police Punishment: CCRB vs NYPD | Interactive analyzing NYPD complaint data
Futuristic UI | Video and stills from the short SIMIAN

Photo/video
Serendipity | Every second, a few people hit "play" on the same track at the same time
Zaha Hadid | Zaha Hadid's Wangjing Soho complex nears completion in Beijing
Instagram programming | A look at what goes on behind the scenes at Instagram

See last week's links

Have a nice weekend!
@dubly and @talyellin

First Published: August 29, 2014: 7:08 PM ET


14.44 | 0 komentar | Read More

The Coolest Kickstarter ever raises over $13 million

NEW YORK (CNNMoney)

The Coolest Cooler (yes, a cooler) raised $13.3 million in its 52-day run. The previous record holder, the Pebble smartwatch raised $10.2 million in 2012.

Why have more than 60,000 people contributed to a cooler campaign?

Well, this cooler includes a blender, waterproof bluetooth speaker, USB charger, cutting board and bottle opener -- a "portable party," according to founder Ryan Grepper of Portland, Ore.

And those who pledged enough ($165 or more) will save at least $130 on the cooler, which will retail for $299.

Those who contributed less can still get in on a piece of Kickstarter history: A $25 contribution earned a Coolest-branded reusable party cup and a drink guide; for $55, backers receive the party cup plus a "Keep Calm and Blend On" tee.

And for the first eight backers who contributed $2,000, Grepper will fly out and help them host a tailgate party with the Coolest (before its available to backers in February 2015).

Related: The 13 most WTF gadgets

The record is impressive by any measure, but the last couple days have been a whirlwind: Backers contributed over $2 million in 24 hours.

The rush to contribute in the final days isn't all that shocking to Jason Greenberg, PhD and assistant professor at New York University's business school.

"This is something we tend to see in cultural settings where the 'rich get increasingly richer,'" said Greenberg. "A firm end date and time can precipitate this."

But it adds more pressure to satisfy consumer expectations.

"Bigger capital raises entail bigger expectations and scrutiny," said Greenberg.

Grepper is acutely aware of this obligation.

"I feel personal responsibility to each backer that has supported me and am committed making the Coolest live up to its name," said Grepper.

Related: Water balloon lovers pledge $645,000 on Kickstarter

The success of the Coolest is perhaps all the more surprising because this isn't its first time around the Kickstarter block.

Grepper unsuccessfully tried to raise $125,000 for similar model In November 2013 (he only earned $100,000),

"My confidence was pretty low because of the first campaign," said Grepper.

But a combination of seasonality (launching the campaign in July vs. November), more supporters and an improved design helped him get far more than his $50,000 goal this time around.

Setting the bar so low -- and meeting it within 36 hours of launching -- has helped him get ahead on production. He's currently in the process of locking in a final design and securing a factory to produce the coolers (which will be available in three colors: Margarita, Blue Moon and Coolest Orange).

Related: These startup ideas are money magnets

So, are the millions raised any indication of how it'll fare post-crowdfunding?

They could be.

"We've seen more and more angels and investors using [Kickstarter] as a minor league in terms of [gauging] customer demands," said Greenberg.

Grepper said he's already been contacted by "many" retailers who are interested in working with him to sell the product.

According to PrivCo, a financial data provider on privately-held companies, U.S. cooler sales totaled $635 million in 2013.

Igloo Products Corp "dominates" the market, according to Matt Turlip, senior analyst at PrivCo. The company, which ACON Investments bought from J.H. Whitney & Co. earlier this year, owns 53% of the full-size cooler market.

"Maybe in a year or two, the Coolest can hope to compete," said Turlip.

First Published: August 29, 2014: 9:19 PM ET


14.44 | 0 komentar | Read More

A&E deal would price Vice at $2.5 billion

vice shane smith Vice's co-founder Shane Smith has said he wants Vice to be the "next CNN" and "next MTV."

NEW YORK (CNNMoney)

Vice Media is in talks with A&E about a deal that would value it at more than $2.5 billion, according to a Vice spokesman.

A&E would buy a 10% stake in the company.

Vice would also create content for the A&E cable networks, according to a person with knowledge of the negotiations.

Its online content, magazine and HBO series, called Vice, specifically targets millennials.

On YouTube, the Vice channel has nearly 5 million subscribers. Its most popular video, "First Animal to Survive in Space," has 12.1 million views, followed by "The Biggest Ass in Brazil," which has been viewed 10.6 million times.

A&E, which also owns the Lifetime and History channels, is buying the stake to gain digital exposure.

Flipboard: Future of Media

A&E is jointly owned by Disney (DIS) and the Hearst Corporation. An A&E spokesman declined to comment.

Time Warner (TWC) was also interested in buying a stake in Vice, but those discussions are now over, according to a person familiar with the negotiations. (Time Warner owns CNN.)

This isn't the first time Vice has attracted investment from an established media company. Rupert Murdoch's 21st Century Fox paid $70 million for a 5% stake last year.

Vice's other minority shareholders include marketing services firm WPP, The Raine Group and former Viacom (VIA) chief executive Tom Freston.

The company's co-founder Shane Smith has said he wants Vice to be the "next CNN" and "next MTV."

First Published: August 29, 2014: 8:41 PM ET


14.44 | 0 komentar | Read More

Outgoing AIG CEO given terminal cancer diagnosis

Written By limadu on Jumat, 29 Agustus 2014 | 14.44

bob benmosche

NEW YORK (CNNMoney)

Robert Benmosche, 70, said in an interview with Bloomberg that doctors told him in May he had between nine and 12 months to live.

That sped up his plans, set earlier in the spring, to retire at the end of this year, when a new CEO would be installed and make structural changes at the insurance firm.

"I said, 'You know what? I'm not going to play the odds and I think the changes have to be made now, not later, and so let's accelerate my retirement,'" he said. "And the board was happy to do that."

AIG (AIG) announced in June that Peter Hancock, who has led its property casualty unit, will take over on September 1, with Benmosche in a consulting role.

Benmosche emerged from retirement in 2009 to lead AIG through the fallout from the financial crisis. The firm had to take a massive $182 billion government rescue, which it has repaid plus a $23 billion profit.

In the interview, Benmosche said an experimental treatment set back his battle with the undisclosed type of cancer.

"They say I'm stable," he said, "which is a big word because it wasn't stable for the last six months."

"We'll know in another month or two if we're making progress or not," he said.

First Published: August 28, 2014: 4:14 PM ET


14.44 | 0 komentar | Read More

Twitter suspends fake @JPMorganCEO account

Jamie Dimon JPMorgan twitter The first tweet from @JPMorganCEO on August 27.

NEW YORK (CNNMoney)

The account popped up Wednesday afternoon under the Twitter handle @JPMorganCEO.

"We are excited to announce that our CEO Jamie Dimon has joined Twitter. This account is managed by the Global Media Relations Department," the first tweet said.

Another tweet from the account a few minutes later read, "My name is Jose and I work here in Global Relations. I made this account for Jamie, he will be using it today."

The account followed a number of media professionals and generated buzz and criticism in its initial hours. It used a photo of Dimon from his congressional testimony in 2012 over the bank's $2 billion trading loss that spring.

The Wire wrote about Dimon's "momentous embrace of social media" and had to amend its article once it became apparent the account was fake.

By Thursday morning, the Twitter bio for @JPMorganCEO included the disclaimer, "This is a parody account."

By Thursday afternoon, the account had been suspended. Twitter declined to comment on why.

JPMorgan has had a rough week. The bank is in the headlines for a large scale data breach that the FBI is investigating.

Jamie Dimon is undergoing treatment for a curable throat cancer this summer, although he continues to work.

First Published: August 28, 2014: 4:48 PM ET


14.44 | 0 komentar | Read More

Japan's economic revival is in jeopardy

abenomics Prime Minister Shinzo Abe must make more progress on structural economic reforms.

HONG KONG (CNNMoney)

Abenomics -- a massive bond-buying campaign coupled with structural reforms and stimulus from the central government -- has failed to lift wages, bring more women into the workforce or boost exports.

Now, critics are questioning the government's strategy as Prime Minister Shinzo Abe tried to coax the economy back to life after a sales tax hike spurred a massive contraction in the second quarter.

"The economic recovery is not looking good, to be quite blunt," said HSBC economist Izumi Devalier. "Abenomics is at a very difficult point now."

The hope was that coordinated government action would end 15 years of deflation in Japan, and lead to more robust growth for the world's third largest economy. But Abe has failed to push through many key structural reforms, and the window for real change is closing quickly.

Related: Women hold key to fixing Japan's economy

One major problem is that the "virtuous cycle" promised by Abenomics supporters has been slow to materialize. The idea was that an increase in sales would boost corporate profits and lead to higher pay for workers, who would then increase spending.

Yet even with significant prodding from the government and record profits, Japanese businesses are not paying higher wages.

Haruhiko Kuroda, the Bank of Japan governor, last week called the puzzle "troublesome," and lamented a lack of mobility in Japan's labor force. Still, he said workers would be able to negotiate higher wages if they could count on sustained inflation.

Others are less optimistic and think the central bank has few good options to ease the pain of workers. As it stands now, wages are static, but inflation encouraged by the central bank is making goods more expensive -- a problematic situation for the millions of Japanese on fixed incomes.

Related: Japan debt tops 1 quadrillion yen

Concerns about the success of Abenomics have also been underscored by a series of boom and bust GDP reports, the most recent of which showed that Japan's economy shrank at an annual rate of 6.8% in the second quarter.

Much of the poor performance was attributed to a sales tax increase that encouraged consumers to make big purchases in the first quarter and close their wallets during the following three months. But Devalier said the report's details suggested the performance was "even worse than the headline number suggested."

With the tax cut now firmly in the rear-view mirror, the third quarter will be crucial. Should Japan's economy contract again and enter a technical correction, the central bank could be forced to increase stimulus.

Japan must also make progress on the final part of Abenomics: structural reforms that require immense political capital to implement.

Abe's government has proposed measures that would make the labor market more flexible, encourage immigration, bring nuclear power plants back online and draw more Japanese women into the workforce.

Most of those ideas have, so far, gone nowhere.

"These structural reforms are not going to happen overnight," Devalier said. "But they are the most important part of Abenomics."

First Published: August 28, 2014: 10:09 PM ET


14.44 | 0 komentar | Read More

Top employees to see big bonuses this year and next

Written By limadu on Kamis, 28 Agustus 2014 | 14.45

company bonus

NEW YORK (CNNMoney)

Companies are setting aside a record high level of payroll (12.7%) for variable, performance-based pay, according to a new survey by Aon Hewitt.

The reason: to attract and retain talent.

As the job market has gotten stronger, lots of companies are competing for the best workers, and that's pushed more firms to offer bonuses related to performance, according to Ken Abosch, leader of Aon Hewitt's compensation practice.

A full 91% of companies surveyed this year said they have a variable pay program. Back in 2005, only 78% did.

So what does a bigger bonus budget at a company mean for the average person? Not nearly as much as it means for the very best employees.

Related: Unlimited vacation days and other perks you don't get

Abosch estimates that average salaried performers might expect to see bonuses worth between 10% and 20% of their base pay. The top performers, however, are more likely to see between 15% and 40%.

Raises are also likely to be higher for the best of the best.

Aon Hewitt's survey found that companies are giving average performers a 2.7% bump in base pay this year, while top performers will see a 4.4% increase. Overall, companies said they're giving workers an average raise of 2.9% in 2014 and plan to give 3% in 2015, the survey found.

Beyond performance, raises are also determined by where workers live and the industry they work in.

For instance, those who live in Denver, Houston and Los Angeles are likely to see higher average pay increases -- north of 3.2% - while those in New York, Minneapolis/St. Paul and Milwaukee will see pay bumps of around 2.8%.

Related: What about a three-day workweek?

Meanwhile, workers in the oil and gas industries can expect to receive some of the biggest raises (3.8%), while those in education (2.7%), government (2.6%) and paper products (2.6%) might see some of the lowest nationwide.

Of the 1,064 companies surveyed by Aon Hewitt, 38% were in manufacturing, 61% in service industries and the rest were in other industries.

First Published: August 27, 2014: 6:34 PM ET


14.45 | 0 komentar | Read More
Techie Blogger