>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
: FINL -10.8%, POWL -9.1%, BBRY -3.2%


Select metals/mining stocks trading lower: GFI -2.1%, AU -1.6%, AU -1.6%, FCX -0.9%, GDX -0.6%

Other news: ACRX -18.2% (provides regulatory update on Zalviso; Company is targeting resubmission of the Zalviso NDA in the first quarter of 2015), TWO -1.5% (still checking)

Analyst comments: PM -1.1% (downgraded to Neutral from Buy at BofA/Merrill), ATU -0.6% (downgraded to Mkt Perform from Outperform at FBR Capital)

>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance
: LITB +10.1%, NKE +7.9%, PRGS +7.8%, MU +6.3%, DMND +5.2%, THO +4%

Select EU financial related names showing strength: UBS +1.1%, HSBC +1.1%, SAN +0.6%

Other news: NAVB +12.9% (Lymphoseek recommended by CHMP for European approval in sentinel lymph node detection for melanoma, breast and certain head and neck cancers), RPRX +11.6% (Androxal second pivotal study achieves superiority in top line analysis for both co-primary endpoints versus marketed topical gel in the treatment of secondary hypogonadism; also reports it has been granted a Type B Pre-NDA meeting with the FDA in the first half of November), WTSL +11.1% appointed Jon Kubo to newly created position of Executive Vice President and Chief Digital Officer), GALE +9.9% (announced the release of a report prepared by the former Special Committee of Galena's Board of Directors; committee found no evidence that the company was aware that DTG paid bloggers to write favorable articles), AIXG +5.7% (still checking), VNET +5.4% (and Microsoft (MSFT) announce WebDirect Payment Services for Windows Azure services in China), CNET +4.8% (cont momentum higher), SNHY +2.8% (announced special dividend of $1 per share), HIMX +2.6% (still checking, may be related to MU sympathy), GTI +2.2% (modestly retracing losses from earlier this week), CYBR +1.9% (cont momentum following IPO), UA +1.8% (following NKE results), IG +1.7% (cont strength following yest's advance, also pos note from OPCO), SNDK +1.5% (following MU results), GILD +1.5% (European CHMP adopts positive opinion for Gilead's Harvoni (ledipasvir/sofosbuvir) for the treatment of chronic hepatitis C infection in adults), AAPL +1% (issues iOS 8.02 to fix issues with iOS 8.01, according to reports)

Analyst comments: AIXG +5.7% (upgraded to Overweight from Equal-Weight at Morgan Stanley), CLDX +2.8% (initiated with a Outperform at Cowen), VRNT +2.7% (initiated with a Buy at Goldman), CMC +2% (upgraded to Buy from Neutral at Citigroup), LNKD +1.7% (upgraded to Outperform from Market Perform at Cowen), PHG +1.6% (upgraded to Overweight from Equal-Weight at Morgan Stanley), BBBY +1.2% (target raised to $87 from $78 at Williams Capital Group), IVR +1.1% (upgraded to Buy from Neutral at BofA/Merrill), HTS +0.9% (upgraded to Neutral from Underperform at BofA/Merrill), NOC +0.8% (upgraded to Buy from Hold at Deutsche Bank), MO +0.7% (upgraded to Buy from Neutral at BofA/Merrill), WBC +0.5% (upgraded to Buy from Hold at Stifel)

Bill Gross Leaves Pimco for Janus; Janus Surges 17%

+------------------------------------------------------------------------------+

BFW 09/26 12:30 William H. Gross Joins Janus Capital, Effective Sept. 29 BUS 09/26 12:28 William H. Gross Joins Janus Capital BN 09/26 12:29 *JANUS SAYS GROSS TO JOIN MYRON SCHOLES, OTHER MEMBERS BN 09/26 12:29 *JANUS:GROSS TO START MANAGING FUND,RELATED STRATEGIES OCT.6,'14 BN 09/26 12:29 *WILLIAM H. GROSS JOINS JANUS CAPITAL BN 09/26 12:28 *JANUS: GROSS EMPLOYMENT EFFECTIVE SEPT. 29, '14 BN 09/26 12:28 *JANUS: GROSS TO MANAGE JANUS GLOBAL UNCONSTRAINED BOND FUND BN 09/26 12:28 *WILLIAM H. GROSS JOINS JANUS CAPITAL

+------------------------------------------------------------------------------+

MORE: Bill Gross Leaves Pimco for Janus; Janus Surges 17% 2014-09-26 12:38:55.983 GMT

By Andrew Cinko Sept. 26 (Bloomberg) -- Janus Capital hired Bill Gross, manager of Pimco Total Return Fund and founder of Pimco, to build firm’s efforts in global macro fixed income strategies. * Gross to be based in new Janus office in Newport Beach, CA * Gross’s work to be separate, complementary to JNS’s credit- based fixed income platform * Gross: Move part of “my desire to get back to spending the bulk of my day managing client assets” * Gross’s employment starts Sept. 29, will manage Janus Global Unconstrained Bond Fund and related strategies starting Oct. 6 * Allianz shrs fall as much as 1.8% in German trading Statement:{NSN NCIDAOMEQTXC <GO>} Link to Company News:{21429Z US <Equity> CN <GO>} Link to Company News:{PTTRX US <Equity> CN <GO>} Link to Company News:{ALV GR <Equity> CN <GO>} Link to Company News:{JNS US <Equity> CN <GO>}

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To contact the editor responsible for this story: Andrew Cinko at +1-609-279-4533 or cinko@bloomberg.net

(BFW) Pfizer May Return With New Astra Offer, Woodford Says: Guardian


Pfizer May Return With New Astra Offer, Woodford Says: Guardian
2014-09-26 11:56:02.84 GMT


By Clyde Eltzroth
Sept. 26 (Bloomberg) -- Pfizer may make a new offer for
AstraZeneca, The Guardian reports citing Neil Woodford’s
comments made to BBC’s Today program.
* Woodford said: “I hope that they don’t, but I suspect that
they will.”
* NOTE: Sept. 23, Bloomberg reported PFE still considering
pursuing AZN deal


For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>

To contact the reporter on this story:
Clyde Eltzroth in New York at +1-212-617-1879 or
celtzroth1@bloomberg.net
To contact the editor responsible for this story:
Brad Skillman at +1-212-617-2763 or
bskillman1@bloomberg.net

(BFW) *ROCKET INTERNET SAYS FIRST DAY OF TRADING PLANNED FOR OCT. 2


BFW 09/26 10:52 *ROCKET INTERNET SAYS FIRST DAY OF TRADING PLANNED FOR OCT. 2
BN 09/26 10:52 *ROCKET INTERNET SAYS SETTLEMENT PLANNED FOR 6 OCT. 2014
BN 09/26 10:52 *ROCKET INTERNET SAYS FIRST DAY OF TRADING PLANNED FOR OCT. 2
BN 09/26 10:52 *ROCKET INTERNET: SETTLEMENT PLANNED FOR OCT. 6
BN 09/26 10:52 *ROCKET INTERNET SAYS OFFER PERIOD TO END ON 1 OCT. 2014
BN 09/26 10:52 *ROCKET INTERNET EXPECTS ACCELERATION OF FIRST DAY OF TRADING
BN 09/26 10:52 *ROCKET INTERNET OFFER PERIOD TO END ON 1 OCT. 2014
BN 09/26 10:51 * ROCKET INTERNET REPORTS EARLY CLOSING OF IPO, EXPECTED

DGAP-News: Rocket Internet Announces Early Closing of IPO and Expected Acceleration of First Day of Trading
2014-09-26 10:51:15.795 GMT


DGAP-News: Rocket Internet Announces Early Closing of IPO and Expected
Acceleration of First Day of Trading

DGAP-News: Rocket Internet AG / Key word(s): IPO
Rocket Internet Announces Early Closing of IPO and Expected
Acceleration of First Day of Trading

26.09.2014 / 12:51

>>> 5 U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To Derivati

Full article {http://bit.ly/1xpbaka}

When is the U.S. banking system going to crash? I can sum it up in three words. Watch the derivatives. It used to be only four, but now there are five "too big to fail" banks in the United States that each have more than 40trillion dollars in exposure to derivatives. Today, the U.S. national debt is sitting at a grand total of about 17.7 trillion dollars, so when we are talking about 40 trillion dollars we are talking about an amount of money that is almost unimaginable. And unlike stocks and bonds, these derivatives do not represent "investments" in anything. They can be incredibly complex, but essentially they are just paper wagers about what will happen in the future. The truth is that derivatives trading is not too different from betting on baseball or football games. Trading in derivatives is basically just a form of legalized gambling, and the "too big to fail" banks have transformed Wall Street into the largest casino in the history of the planet. When this derivatives bubble bursts (and as surely as I am writing this it will), the pain that it will cause the global economy will be greater than words can describe.

* JPMorgan Chase
Total Assets: $2,476,986,000,000 (about 2.5 trillion dollars)
Total Exposure To Derivatives: $67,951,190,000,000 (more than 67 trillion dollars)


* Citibank
Total Assets: $1,894,736,000,000 (almost 1.9 trillion dollars)
Total Exposure To Derivatives: $59,944,502,000,000 (nearly 60 trillion dollars)

* Goldman Sachs
Total Assets: $915,705,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $54,564,516,000,000 (more than 54 trillion dollars)

* Bank Of America
Total Assets: $2,152,533,000,000 (a bit more than 2.1 trillion dollars)
Total Exposure To Derivatives: $54,457,605,000,000 (more than 54 trillion dollars)

* Morgan Stanley
Total Assets: $831,381,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $44,946,153,000,000 (more than 44 trillion dollars)

(BFW) Internet Gambling Can Be Taxed Less Than Casinos, EU Court Says


Internet Gambling Can Be Taxed Less Than Casinos, EU Court Says
2014-09-26 10:19:02.174 GMT


By Gaspard Sebag
Sept. 26 (Bloomberg) -- Denmark can tax Internet gambling
less that traditional casinos, the EU’s second highest court
ruled today.
* General Court in Luxembourg rules on case today
* EU countries can continue to set a tax level for online
gambling that takes into account the competitive global
environment to attract consumers, the European Gaming and
Betting Association says in e-mailed statement
* Link to ruling in case T-601/11: http://tinyurl.com/kmrz5n7

For Related News and Information:
First Word scrolling panel: FIRST<GO>
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To contact the reporter on this story:
Gaspard Sebag in Brussels at +32-2-285-4317 or
gsebag@bloomberg.net
To contact the editors responsible for this story:
Anthony Aarons at +44-20-7673-2227 or
aaarons@bloomberg.net
Peter Chapman