Financial Services
Financial Services
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Nautilus Partly Sells Assets, Will Focus On Direct And Retail Business
Nautilus, Inc. completed the sale and licensing of certain assets of its commercial business to Xiamen World Gear Sports Goods Co., Ltd. ...
Atrinsic Threatened With Nasdaq Delisting
The Nasdaq Stock Market has informed Atrinsic Inc. that the company no longer meets the minimum bid price requirement for continued listing on the Nasdaq Global Market...
Third Quarter M&A Activity Value Rises 200%
Third quarter merger, acquisition and investment activity in the marketing, information and digital media industries declined 1% in number of transactions compared to last year but total transaction value surged 200%, according to investment bank Petsky Prunier....
Tony Baldus, Marsh US Consumer Garner DMA Financial Services Award
Tony Baldus, senior VP of marketing and analytics for Marsh US Consumer, has been named direct marketer of the year by the Direct Marketing Association’s Insurance and Financial Services Council....
DM Employment Picture Reaches New Lows: Survey
Nearly half of all direct marketing companies have a hiring freeze, up from just over one third last quarter, according to a new survey. Another 20% are planning to reduce staff, up from 17% last quarter, while only 21% will add staff, down from 31%. These numbers represent all-time lows in a tracking survey. ...
Select Comfort Cuts Staff, Ceases SAP Implementation
Select Comfort Corp. will cut 120 positions from its payroll as part of a cost-savings initiative. ...
Banks Increase Direct Mail Advertising
Banks typically increased direct mail advertising volume during the third quarter, according to Mintel Comperemedia. ...
ValueClick Secures $100 Million Line Of Credit
ValueClick Inc. has received a revolving credit facility of up to $100 million, which it can tap at any time through Nov. 14, 2011...
Vertis Gets $250 Million Loan From GE
Vertis Communications has received a $250 million senior secured plan of reorganization credit facility from GE Commercial Finance....
M&F Worldwide Income Surges
M&F Worldwide Corp. posted net income of $20.1 million for the third quarter, a surge over net income of $10.1 million in the prior year....
Google’s Fortunes Unfazed By Economy
Google Inc. generated $5.54 billion in revenue during third-quarter 2008, up from $4.23 billion in third quarter 2007 and $5.37 billion in second-quarter 2008. The company’s net income for the quarter was $1.35 billion, up from $1.07 billion a year ago and $1.25 billion in second-quarter 2008. ...
Williams Sonoma CEO Sells 14% Of Stock
Lester Howard, chairman and CEO of multichannel marketer Williams-Sonoma, sold 1 million shares of his company’s stock in two separate transactions during this past week. The ...
Live From DMA08: DMA Forecast Sees Stronger 2009
In direct marketing there is financial strength -- at least, more so than for the economy at large. In 2009, U.S. sales will grow by 3.8%, to $30.96 trillion. But DM sales will jump by 4.5%, to just under $2.15 trillion, according to new research from the Direct Marketing Association....
Canterbury Graphics Takes Stake in Tri-Media Integrated Marketing Technologies
Canterbury Graphics Strategic Marketing, a direct-marketing agency, has acquired an ownership position in marketing technologies firm Tri-Media Integrated Marketing Technologies...
Media Applications Provider Whoop Acquires XOsphere
Whoop, Inc. has acquired XOsphere LLC and XOsphere's sister company in Latin America ...
Green Mountain Acquires Tully’s for $40.3 Million
Green Mountain Coffee Roasters, Inc. has acquired the Tully's coffee brand and wholesale business from Tully's Coffee Corp. ...
Bankruptcy Court Approves Vertis’ Reorganization
The U.S. Bankruptcy Court for the District of Delaware has approved Vertis Communication’s prepackaged reorganization plan, as well as that for American Color Graphics. The approval clears the way for Vertis' merger with American Color Graphics. ...
Vin Gupta Out As InfoGroup’s CEO
Vinod Gupta, who founded infoGroup (then infoUSA) in 1972, has resigned as the company’s CEO, effective Wednesday. Bill L. Fairfield, the lead independent director on infoGroup’s board, has been named infoGroup’s CEO...
Valassis Sells French Operations to HighCo
Valassis has sold its French subsidiaries to HighCo, a French marketing services firm. Complete details of the sale...
Revenue, Income Up For Salesforce.com
CRM services and data management firm Salesforce.com generated $263.1 million in revenue during its second quarter, a jump from the $176.6 million it realized in second quarter 2007. ...
Small, Medium Businesses to Increase Ad Spending: Study
Eighty-one percent of all small- to medium-sized businesses will either maintain or increase their level of advertising spending, according to the Local Commerce Monitor, ...
Barclaycard US Names Michelle Bottomley CMO
Barclays PLC has appointed Michelle Bottomley CMO of Barclaycard US, its credit card business in the United States....
Credit Card Mail Volume Drops For Third Consecutive Quarter: Mintel
For the third straight quarter, the number of credit card solicitations mailed to Americans has declined. Acquisition mailings dropped from 1.67 billion pieces in this year’s first quarter to 1.54 billion in the second quarter...
InfoGroup Filings Reveal Direct Media Acquisition Price
InfoGroup, formerly infoUSA, paid $17.4 million for Direct Media Inc., according to recent financial documents. That price does not include $4.9 million in cash acquired, but does include $400,000 in acquisition related costs....
