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2018-01-23T17:27:03.677Z
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{"feed":"business-insider","feedTitle":"Business Insider","feedLink":"/feed/business-insider","catTitle":"Business","catLink":"/cat/bussiness"}

Facebook/Calvin Klein

  • Calvin Klein's latest ad campaign features the Kardashian-Jenner sisters.
  • The brand has made a push on social media to promote its apparel and underwear collections. 
  • This is bad news for Victoria's Secret who is losing ground in the US underwear market. 

 

Calvin Klein sent the internet into a frenzy today with its new ad campaign that features the Kardashian-Jenner family. 

The underwear brand, owned by PVH Corp, published the ad as part of it #MyCalvins social media campaign, which it launched in 2014 to promote the brand – this campaign now has over half a million posts on Instagram.

This is bad news for struggling Victoria's Secret that once ruled the underwear market in the US, but in recent years has lost market share to other brands. 

Victoria's Secret has been criticized for its inability to connect to its customers, who are put off by the rail-thin models and lack of diversity used in its ad campaigns. As a result, underwear brands such as Aerie that promote natural beauty and self-acceptance, have seen stronger growth. Aerie has seen 11 consecutive quarters of same-store sales growth, while Victoria's Secret, whose bread and butter has long been padded bras and sexy ads, saw negative sales growth for the past year.

Victoria's Secret seems to be taking note of Calvin Klein's designs and has released many similar styles recently. 

Victoria's Secret

Calvin Klein has also struggled in the North American market but strong international sales in Europe and...

CBS/NFL

  • The New England Patriots overcame a 10-point deficit on Sunday to beat the Jacksonville Jaguars and reach the Super Bowl.
  • Danny Amendola caught a high pass from Tom Brady in the back of the end zone to win the game.
  • On Monday, Brady said that the Patriots had discussed every week how to throw the ball in that situation and that Amendola knew where to go get it.


The New England Patriots stunned the Jacksonville Jaguars on Sunday by overcoming a 10-point deficit in the fourth quarter to win 24-20 and advance to the Super Bowl.

With about 2:50 left in the game, Tom Brady fired a high pass from the 10-yard line to Danny Amendola at the back of the end zone. Amendola completed the catch with an incredible toe-tap as he fell down to put the Patriots up for good.

While Amendola's catch was incredible, it apparently was part of the play's design. Brady explained on the "Kirk and Callahan" radio show on Monday that the Patriots routinely practiced and discussed throws to the back of the end zone, noting that he threw it high to keep it away from the defense.

"The thing about throwing the ball in the red area, you always want to throw the ball high on the back end line," Brady said. "You never want to throw the ball, obviously, to the middle of people's bodies when they're in the back of the end zone. So if you're...

The White House

  • US President Donald Trump was lambasted on social media after a photo in a White House handout showed him working during the government shutdown.
  • Online commenters pointed to Trump's stiff posture and empty desk.
  • Trump's desk has previously been busier, but his workspace lacks the family photos that previous presidents often showcased.


Your desk can shine a light on some of your work habits and personality traits.

So it's not surprising that a recent photo of US President Donald Trump spawned several reactions on social media.

The photo, in a White House handout, shows Trump sitting at the Oval Office's Resolute Desk, the surface of which is mostly clear, aside from a phone. Trump is leaning forward in his chair, apparently listening to a phone call, while wearing a white "Make America Great Again" hat.

Some Twitter users speculated about whether the president was getting much done at all, pointing to his stiff posture and empty desk.

Honor Sachs, a history professor at Western Carolina University who wrote "Home Rule: Households, Manhood, and National Expansion on the Eighteenth-Century Kentucky Frontier," compared Trump's workspace with that of previous presidents, including Barack Obama's tidy workspace and Teddy Roosevelt's paper-strewn desk.

Business Insider also found some photos of past president's desks — photos that, of course, aren't definitive portrayals of their typical workspaces. It's relatively easy to move objects around and clear things when it comes time...

BII

In an increasingly digitized world, brick-and-mortar retailers are facing immense pressure to understand and accommodate their customers’ changing needs, including at the point of sale (POS). 

More than two years after the EMV liability shift in October 2015, most large merchants globally have upgraded their payment systems. And beyond upgrading to meet new standards, many major retailers are adopting full-feature, “smart” devices — and supplementing them with valuable tools and services — to help them better engage customers and build loyalty.

But POS solutions aren’t “one size fits all.” Small- and medium-sized businesses (SMBs) don't usually have the same capabilities as larger merchants, which often have the resources and funds to adopt robust solutions or develop them in-house. That's where app marketplaces come in: POS app marketplaces are platforms, typically deployed by POS providers, where developers can host third-party business apps that offer back-office services, like accounting and inventory, and customer-retention tools, like loyalty programs and coupons.

SMBs' growing needs present a huge opportunity for POS terminal providers, software providers, and resellers. The US counts roughly 8 million SMBs, or 99.7% of all businesses. Until now, constraints such as time and budget have made it difficult for SMBs to implement value-added services that meet their unique needs. But app marketplaces enable providers to cater to SMBs with specialized solutions. 

App marketplaces also alleviate some of the issues associated with the overcrowded payments space. Relatively new players that have effectively leveraged the rise of the digital economy, like mPOS firm Square, are increasingly encroaching on the...

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.

AmazonLast year I reviewed a set of standalone security cameras from a company called Blink. Each camera operated on battery power, could be placed or mounted anywhere, and didn’t require a subscription plan to capture video clips when it detected motion.

This year, Blink released an updated version of those cameras called the Blink XT, which I was sent for review.

Everything I just said about the regular Blink cameras holds true, but the XT can be integrated with the Amazon Echo, is weatherproof enough to be used outdoors, and comes in a more discrete black casing.

If you’ve already invested in Blink cameras, you’ll be happy to know the XT can integrate directly into your current system without needing any additional hubs or adapters. Just set it up — a process that involves simply popping in the included AA batteries and "searching" for the camera from Blink’s app. If this is your first experience with Blink, you'll have to plug in a hub and connect it to your WiFi network, which also takes only a couple of minutes.

Once the camera is set up, place it somewhere you’d like to monitor, and you’re done. You can adjust the camera’s settings, including how long of a clip it takes when...

Getty Images

  • More than half of hiring managers say a bad attitude would make them regret hiring an employee.
  • Negativity spreads throughout the office and can be as bad for a work environment as poor work skills.
  • Being a positive employee can help get you a job or promotion over a negative colleague.

 

Forget about hitting your deadline and focus on shaping up your attitude.

CareerBuilder discovered that your attitude may have just as much of an influence on your career as the actual work you perform. When asked what makes a bad hire, employers considered low quality of work and a negative attitude as practically equal.

Harris Poll surveyed 2,257 hiring managers and human resource professionals, and the results showed 54% categorize a worker without proper quality of work as a bad hire. Meanwhile, 53% said a negative attitude would create regret over a hire.

The chief human resources officer for CareerBuilder, Rosemary Haefner, said in a statement "there's a ripple effect with bad hires. Disengagement is contagious — poor performers lower the bar for other workers on their teams, and their bad habits spread throughout the organization."

Considering so many hiring professionals have regretted employing someone for their can't-do attitude, it's important to examine why those decisions were made. A quarter of HR managers ignored warning signs and 29% of employers say they made a bad hire because they focused on skills and not attitude.

A different CareerBuilder survey found that 62% of...

Win McNamee/Getty Images

  • The Senate voted to reopen the government on Monday.
  • The deal will create another shutdown deadline — this time on February 8.
  • The next shutdown fight could be even more contentious as Congress nears a deadline for a key immigration program.


The Senate on Monday finally voted to end the federal government shutdown by passing a short-term funding bill, with a deal that will keep the government open through February 8 in addition to addressing other issues with the Children's Health Insurance Program (CHIP).

But the short-term nature of the deal leaves open the possibility that the battle could repeat itself just three weeks from now.

By the next deadline, policy analysts say, the two parties will see even less agreement. That could make the next fight even more fraught.

"A vote to reopen the government today could be a fake-out," Greg Valliere, chief strategist at Horizon Investments, said in an email following the Senate vote. "It simply would postpone a bitter fight over immigration, which will be very difficult to resolve by early February."

The linchpin in the Senate agreement on Monday was a guarantee from Senate Majority Leader Mitch McConnell to consider legislation to codify the Deferred Action for Childhood Arrivals (DACA) immigration program.

The Obama-era program protects from deportation nearly 700,000 undocumented immigrants who were brought to the US as minors. President Donald Trump said he would end the program as it existed in September, but gave Congress until March 5 to pass a...

US Geological Survey

An earthquake of magnitude 8.2 hit 256 km (157 miles) southeast of Chiniak, Alaska at a depth of 10 km at 0931 GMT on Tuesday, the U.S. Geological Survey said.

The quake prompted a tsunami warning for parts of Alaska and Canada and a tsunami watch for the entire U.S. west coast, the U.S. Tsunami Warning System said.

More to follow.

NOW WATCH: SpaceX is about to launch its monster Mars rocket for the first time — here's how it stacks up against other rockets

Maurizio Pesce / Wikimedia Commons

  • Tesla CEO Elon Musk will now be paid nothing unless he increases his company's market capitalization and the shareholders do very well.
  • Musk's new compensation plan scraps any promise to hit vehicle production goals, which Tesla has always fallen short of.
  • An analyst predicted that Tesla could build 100,000 new Model S cars in 2018, versus 400,000 preorders. 

LONDON – Tesla announced on Tuesday a new compensation plan for CEO Elon Musk, and he will not get paid a single dollar unless his company's shareholders do extremely well.

But unfortunately for the 400,000 or so people who have preordered Teslas, Musk's compensation won't be tied to his companies ability to build cars.

Tesla has never hit a production goal in the history of the company. An analyst note from December projected just 100,000 Model S Teslas coming off the line in 2018.

Unlike other car companies, Tesla's stock has continued to soar over 1,000% since its IPO in 2010.

Instead of focusing on building cars, like GM or Ford does, Musk's new compensation schedule is "entirely contingent on achieving market cap and operational milestones that would make Tesla one of the most valuable companies in the world," according to a press release.

For Musk's compensation to fully vest, "Tesla’s market cap would have to grow to $650 billion (an increase of almost $600 billion), and important revenue and profitability goals would also have to be achieved," the company said.

"Elon will receive no guaranteed...

Tesla

(Reuters) - Tesla Inc said on Tuesday Chief Executive Elon Musk will receive no guaranteed compensation of any kind, and that he will be paid only if the company and all of its shareholders do extraordinarily well.

The compensation will be based on a combination of market capitalization and operational milestones, the electric carmaker said in a statement.

"Elon (Musk) will receive no guaranteed compensation of any kind - no salary, no cash bonuses, and no equity that vests simply by the passage of time," the company said.

The new performance award consists of a 10-year grant of stock options that vest in 12 tranches, with each tranche vesting only if both market capitalization and operational milestones are met, the company said.

Tesla said its market capitalization must increase to $100 billion for the first tranche to be vested and must continue to increase in additional $50 billion increments.

"Thus, for Elon to fully vest in the award, Tesla's market cap must increase to $650 billion," the Palo Alto, California-based company said.

To meet the operational milestone, Tesla must meet a set of escalating revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) targets, it said.

NOW WATCH: The best phones of 2017 that you can buy right now

Square

  • Payments startup Square has had a massive year, with its share price trebling and the firm on track to post around $1 billion in adjusted revenue for 2017.
  • Chief financial officer Sarah Friar guided the firm through its IPO and told Business Insider that Square's success boils down to financial discipline and considered expansion.
  • Square is best known for its plug-in card reader which lets small businesses take card payments through a smartphone or tablet.
  • Running the firm is particularly challenging because its CEO Jack Dorsey also runs Twitter.


Most people going into their annual review can expect a mix of praise and criticism, some new targets to hit and, if they're lucky, a pay rise.

Sarah Friar, in her first review as chief financial officer of payments firm Square, was told by her boss: "I have a simple vision for you, which is that I want you to be the best CFO in the world."

He then asked her to lay out exactly how she would make that happen.

That boss was Jack Dorsey, who is CEO of both Square and Twitter.

Friar is taking a good stab at earning that title. After joining in 2012, she took Square public and has seen its share price and valuation balloon. The firm's market cap is currently $16.5 billion (£11.9 billion).

In its third quarter, Square posted revenue of $257 million (£185 million), up 40% year on year. The company has yet to post its fourth-quarter results, but Friar said it's...

Diane Bondareff/Invision/AP Images

  • South Korea and China protested against President Donald Trump putting steep import tariffs on washing machines and solar pannels, and they fear it could be the start of more protectionism.
  • Trump campaigned on balancing US trade with other nations, but has yet to do much in terms of tariffs until now.

SEOUL (Reuters) - South Korea and China protested on Tuesday against U.S. President Donald Trump slapping steep import tariffs on washing machines and solar panels in a move that stirred fears in Asia of more protectionist measures coming out of Washington.

For all his rhetoric to win votes, Trump's actions on trade during his first year had been less alarming than many outside the country had feared - until now.

"It shows that the U.S. administration, after taking its time, it's now indeed starting to roll out measures restricting trade with the idea of living up to the promises made during the electoral campaign," said Louis Kuijs, head of Asia economics at global consultancy Oxford Economics, in Hong Kong.

"This could very well be just one step of many," said Kuijs, predicting steel and aluminum imports could be on Washington's target list.

The United States' stance has put a cloud over global trade at a time when its revival has fueled hopes for a stronger world economy. But, at least, economists believe the United States will avoid taking measures that could impact U.S. companies global supply chains, particularly for cars and electronics.

The...

Getty Images

Financial services firm Deloitte has once again released its Football Money League, charting the massive revenues of Europe's biggest football clubs.

The English Premier League dominates Deloitte's ranking with 10 clubs in the top 20 list, the most from one single league since records began.

The financial power of English clubs was largely thanks to Premier League contracts worth in excess of £8 billion over three years.

However, clubs from the Ligue 1 in France, La Liga in Spain, and Germany's Bundesliga all competed for the top spot, along with one of the very best from England.

According to Deloitte, this year's battle for first place was "the closest in Money League history" with only £1.5 million separating the club in first place from the club in second place.

Scroll down to see who the top performers are this year.

20. Everton FC — €199.2 million (£171.2 million or $244 milllion). Massive broadcast revenue of £130.5 million played a large part in Everton's total earnings last year. However, its big training ground sponsorship deal with USM Holdings added a hefty chunk to its commercial earnings. Getty Images

19. Napoli — €200.7 million (£172.5 million or $245.6 million). Last season, Napoli finished third in Serie A and reached the Round of 16 in the Champions League. That European adventure caused an uptake in revenue. Deloitte, though, hints that the best is yet to come. This is because the club currently leads...

BII

People are watching less TV, and subscribers are cutting the cord.

But TV is not dead yet.

Viewers are consuming television in different ways, and the advertising dollars are still there. But TV ads need to change with the times.

Learn all about this part of the future of TV with this brand new slide deck from BI Intelligence called Addressable TV.

Here are some of the key takeaways:

  • TV is no longer just "mass market"
  • Better analytics are crucial
  • Addressable TV will smooth the transition to digital
  • And much more
To get your copy of this FREE slide deck, simply click here.

Daimler

  • BMW and Mercedes are planning to test car subscription services this year.
  • The car industry is highly cyclical, which can result in volatility. 
  • Auto companies hope subscription-based and other mobility services will make revenue more consistent.


The auto industry has posted strong sales numbers in recent years, which has made car manufacturers and dealerships scared about the future.

That's because the auto industry is a cyclical business and the industry is bracing for a downturn. 

But the auto industry thinks it might have the solution to its boom-or-bust nature: car subscriptions. Under this model, consumers would pay a subscription fee each month for the right to use a certain brand's vehicles. Instead of buying a new car every few years, customers would pay car companies every month, which could make revenue more stable for manufacturers.

Brands like Cadillac, Lincoln, Porsche, and Volvo have tested subscription services in recent years, and BMW and Mercedes are set to join them this year, according to Automotive News. While neither brand has released details of what the services will look like, each hopes to test them on a limited basis to determine their long-term viability.

In general, automakers see mobility services like ride-sharing, car subscriptions, and deliveries as a growing business opportunity. 

In January, Ford announced at the Consumer Electronic Show that it was building a platform that will let small businesses use its autonomous vehicles to deliver goods and services. Ford CEO Jim Hackett told...

REUTERS/KCNA

  • The North Korean defector whose escape was caught on video has reportedly confessed to a crime "that led to a death."
  • Intelligence officials have publicly denied that a statement had been made.
  • Although the defector appears to be recovering, government sources say that his testimony has been shifting depending on his mood.


The 24-year-old North Korean defector who successfully made it across the North Korean border and into South Korea under a hail of gunfire was reportedly involved in a crime "that led to a death," according to South Korean intelligence officials cited in Donga Ilbo, a South Korean newspaper, on Tuesday.

Chung-sung Oh reportedly confessed to the alleged crime, according to intelligence officials who are investigating his background as part of the standard procedure involving North Korean defectors. The National Intelligence Service, the primary intelligence agency in the country, was said to be looking into all circumstances of the alleged death, including whether it was a murder or an accidental death.

A reporter from Chosun Ilbo, another South Korean news organization, also said he received a similar unconfirmed report in December, in which Oh is believed to have been involved in a vehicle accident involving another person and may have defected in fear of being punished.

Oh, who has been recovering after sustaining multiple gunshot wounds, is said to have a carefree personality, according to government sources. But those sources noted that his testimony seemed to change depending on his mood. The investigation...

AP Images / Alan Diaz

  • A man was arrested on suspicion of threatening a mass shooting at CNN headquarters in Atlanta.
  • An FBI investigation determined that the man made the call last week from a Detroit suburb, a local CBS affiliate in Atlanta reported.
  • On the alleged phone call to CNN's Atlanta headquarters, the man reportedly called the news network, "fake news," echoing a familiar insult President Donald Trump uses.
  • The man allegedly told a CNN operator he planned to "gun you all down."


A man was arrested on suspicion of threatening to carry out a mass shooting at CNN's headquarters in Atlanta, Georgia, the local CBS affiliate WGCL reported on Monday.

A federal affidavit cited by CNN on Monday night said the suspect, Brandon Griesemer, made 22 calls to the news network from a Detroit suburb. Griesemer called CNN "fake news," echoing a familiar insult President Donald Trump uses to describe the network and others whose reporting he dislikes.

According to court documents, Griesemer said "Fake news. I'm coming to gun you all down."

"I'm smarter than you, More powerful than you. I have more guns than you. More manpower. Your cast is about to get gunned down in a matter of hours," he said.

Investigators traced the calls and later arrested Greisemer. He's facing charges of transmitting interstate communications with the intent to extort and threat to injure, CNN reported. He was released on $10,000 bond. If convicted, he could face up to five years in prison.

Griesemer...

AP/Elaine Thompson

  • Amazon opened its first cashierless store to the public on Monday, January 22 in Seattle.
  • The store claims to make shopping easier by eradicating cashiers and lines, but the excitement has drawn more would-be customers than could be allowed inside.
  • Lines to get in were getting long as of mid-day Monday.


People are excited about the new Amazon Go store.

The store uses cameras and sensors to determine what items customers have taken down from the shelves, eliminating the need for the typical check-out process. Amazon calls it "just walk out technology."

That promise was apparently a bit too enticing for Seattle locals, who were eager to get into the store after a year of delay. Twitter users were taking pictures and posting photographs of the line that formed around the block. 

Twitter, @typesfast

Twitter, @SuzannePhan

Twitter, @Geekwire

Twitter, @WildGingerEats

 

The store — the first of its kind — is somewhat of a novelty. Though it is designed to make shopping easier by making getting in and out quicker, it's likely the newness has attracted a bunch of gawkers. 

Inside, shoppers will find Amazon-branded meal kits, prepared to-go foods, and products from its own private labels like Happy Belly and Whole Foods 365. Other than that, though, there's not much different in the store apart from its...

Netflix

Netflix blew past subscriber growth targets both internationally and in the US in its Q4 earnings Monday.

Netflix gained 8.3 million subscribers globally, which made Q4 "the highest quarter in our history," Netflix said in its letter to shareholders. 

The stock soared to record highs in after-hours trading following the news, up over 7% (after gaining around 3% in trading Monday).

Netflix came in slightly above Wall Street expectations on revenue, and in-line with estimates on EPS.

The streaming giant also turned in rosy subscriber growth guidance for Q1, well above Wall Street expectations. This was an area of concern for some analysts before earnings, given the lack of a big hit like "Stranger Things" (Q4) to anchor its originals lineup in Q1.

This result should wash away any lingering doubts about the effect Netflix's price hike would have on subscriber retention in the US, as Netflix posted 1.98 million net adds in the US in Q4, above Wall Street forecasts of 1.29 million, and its own guidance of 1.25 million. It also blew past international growth targets.

Netflix said its strong performance was "fueled by our original content slate and the ongoing global adoption of internet entertainment." The company also mentioned that it took a $39 million "non-cash charge in Q4 for unreleased content we’ve decided not to move forward with."

Netflix took time to spotlight marketing in its letter to shareholders, saying that "big hits like 13 Reasons Why, Stranger Things and Bright result from a combination of great content and great...

RUBEN M RAMOS/Shutterstock

  • Flight attendants have more experience than most people when it comes to being up in the air.
  • One Miami-based flight attendant shared some of her best travel tips.
  • She recommends using eye drops and nasal spray to fight the dryness of airplanes.

Anybody who’s ever traveled through an airport has probably wished things could go a little … smoother. Whether it’s forgetting the things you need at home, struggling with your packing job at security or finding yourself famished before boarding and having to wait until hitting altitude to even look at a pack of pretzels, the reality is flying is not all roses.

That’s why we reached out to Heather, a Miami-based flight attendant of nearly four years. She gave us all the best travel tips she's collected from her frequent flying.

Her best tips for packing

It turns out flight attendants use the same tricks we’ve heard. “Pack as light as possible, put all your liquids in a 3-ounce or less bottle so as not to be thrown away when going through security, wear easy shoes to slip on and off for day-of travel and bring entertainment for yourself and/or family,” Heather said. One thing she recommended that you’re probably still not doing? “Pack unopened snacks of your own to avoid airport prices and being famished before and during flight.”

What she keeps in her carry-on

Shutterstock

Health is the first priority in a carry-on, Heather...