(Recode.net) Apple Partnering With American Express On New iPhone Payments Syste

Apple has reached an agreement with American Express to work together on its new iPhone payments system, according to sources familiar with the talks. American Express is one of several partners Apple will need to sign up before it can launch its new payments plan, which sources say it plans to announce at its September 9 product event.

Apple’s new payments system is expected to let iPhone 6 owners use their phones in place of credit cards, debit cards or cash to pay for goods in brick-and-mortar stores. Customers will present their phones at the checkout counter of partnering retailers to transmit payment information to complete a purchase. It’s not clear which retailers have signed on to accept such payments.

In the lead up to the announcement, Apple has held discussions with multiple credit card networks about the new payment product, sources say. The news site The Information previously reported that Visa had also agreed to work with Apple.

Representatives for Apple and American Express declined to comment.

For Apple, the introduction of its own iPhone payments product will end years of speculation about when it will take advantage of its massive file of hundreds of millions of credit cards from iTunes and App Store customers to create its own mobile wallet. Sources say Apple likely needs approval from either the credit card network or the bank that issued an Apple customer’s card for that card to be approved for mobile payments.

While consumers haven’t widely embraced mobile wallets from Google and a consortium of wireless carriers, industry analysts and executives believe Apple has a shot at making the concept work. Industry sources say Apple believes its iPhone payments system will be as least as secure as traditional payment cards. Sources believe the iPhone’s Touch ID fingerprint scanner will at some point play a role in the system — either at launch or sometime in the future.

Putin Says Talks Needed on Status of Ukraine’s East: RIA

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

Putin Says Talks Needed on Status of Ukraine’s East: RIA 2014-08-31 10:18:13.486 GMT

By Vladimir Kuznetsov Aug. 31 (Bloomberg) -- “Substantive” talks needed on political issues, “statehood” status of south-east Ukraine in order to solve Ukraine crisis, RIA Novosti reports, citing President Vladimir Putin interview with Channel One TV, which has been broadcast in Russia’s far eastern region. * Pre-taped interview will be broadcast in Moscow later today * “We must strive toward implementing the plan we agreed upon. We must immediately commence substantive talks and not only on technical issues, but also on the political organization of society and the statehood status of south- east Ukraine in order to serve the interests of people living there” * Talks also needed on technical issues: Putin * Putin says impossible to forecast when crisis will end, says will depend on political will of authorities * Putin says has agreement with Ukraine President Petro Poroshenko on peaceful solution of crisis: RIA * Putin calls on Kiev to stop military action, rebuild infrastructure: RIA * Putin says cos. that decide to leave Russia because of sanctions will have hard time coming back: RIA

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

To contact the reporter on this story: Vladimir Kuznetsov in Moscow at +7-499-271-3367 or vkuznetsov2@bloomberg.net To contact the editor responsible for this story: Wojciech Moskwa at +48-22-433-4475 or wmoskwa@bloomberg.net

Fwd: FT : This means war: miscalculations have pushed Ukraine and Russia over the edg

This means war: miscalculations have pushed Ukraine and Russia over the edge It is an inconvenient truth for Russia, Europe and the US, but we must call a spade a spade: Russia and Ukraine are engaged in a war between sovereign states, even if Kiev is the only government yet willing to acknowledge it. There is evidence of Moscow’s direct involvement in Ukraine, including troops on the ground, shellings and the provision of advanced weaponry. A separatist leader has claimed that as many as 4,000 Russian citizens have fought on Ukrainian soil. Moscow has opened a new southern front in the fighting. The bottom line: Russia’s actions constitute an invasion.

But Russia and the west still will not call it that. Moscow wants to maintain implausible deniability, regardless of the facts on the ground. In his speech on Thursday,Barack Obama acknowledged that Russia was “responsible”, but the US president dubbed recent events nothing more than a “continuation of what we’ve seen for months”. The US and the EU feel that the “I word” would necessitate a sharp acceleration in their response. So they are sticking with a euphemism: “incursion”. The west cannot maintain this song and dance much longer.

Just as clear is how little anyone wanted this war, Ukraine included. It is no one’s preferred outcome and a step everyone has been trying to avoid. But major wars usually stem from miscalculations and conflicting domestic pressures. There has been plenty of that from all sides.

Russia believed it had sufficient support on the ground in southeast Ukraine that it could keep the area destabilised with minimal assistance. It believed that Kiev would see the situation the same way and back down rather than taking the fight to the separatists. Russia miscalculated on both fronts. The Ukrainian military offensive in Donetsk and Lugansk was strong enough that Russia had to ramp up its support just to maintain its position. Moscow cannot let the separatists lose, and that means escalated involvement.

The US and the EU miscalculated in believing they could quickly bludgeon Russia into backing down with sanctions. Ukraine is the single most important foreign policy interest that Moscow has. Vladimir Putin’s approval ratings are at 84 per cent, and the Russian people support the president’s Ukraine policy to date. For the west, Ukraine is neither a Nato ally nor of particularly critical interest. Sanctions have and will continue to truly strain the Russian economy, but they were never going to change Mr Putin’s behavior towards Ukraine.

The Ukrainian government made the worst miscalculation of all. Perhaps Kiev believed it could prevail over the separatists and Russia would not step in to prop them up. Maybe Ukraine thought it could force the west to provide meaningful direct military assistance once Russia upped the ante. Either way, Kiev was sorely mistaken.

So what comes next? When the west finally acknowledges that Russia has invaded Ukraine, it will lead to incrementally deeper sanctions, out of the Iran playbook. The US will push harder than the EU, where the leaders of its 28 member states will have a harder time maintaining a united front. After all, many Europeans have been deeply skeptical of Russian sanctions from the beginning, and to the extent that the purpose of sanctions was to prevent an invasion – they have clearly failed.

We will see a broader Nato response, with more open-ended support for the permanent basing of troops in the Baltic states and Poland. Germany has opposed that step because it would contravene a Nato-Russia accord on troop deployments. But an invasion of Ukraine will lead most Nato members to argue that it is time to at least informally end that agreement.

The Ukrainians will rightly ask, “How does any of that western response help Ukraine?” The answer is: not very much. Sanctions may undermine theRussian economy in the years to come, but Russia can outlast Ukraine. Ukraine’s economy is on the brink of collapse, and the west’s willingness to prop it up will be tested. The west’s priority should be economic aid for Ukraine rather than economic punishment for Russia.

The most combustible piece of the puzzle is Petro Poroshenko, who is still caught between a rock and an even harder place: Ukraine’s president can push ahead or he can back down. If he backs down and opts for a ceasefire, Mr Poroshenko can restart negotiations. If he pushes ahead Kiev could ultimately end up in a frozen conflict, which means ceding significant pieces of Ukrainian territory to the separatists and taking on the public backlash that would ensue.

But domestic pressures likely doom Mr Poroshenko to forge ahead. We are already seeing demonstrations in Kiev for a harder line against the separatists in parts of the southeast. Not pushing forward — let alone backing down or opting for a ceasefire — will be an incredibly hard sell to his constituents. It would be politically damaging to blink in the run-up to the early parliamentary elections that he has scheduled for October 26. And Arseniy Yatseniuk, Ukraine’s prime minister, just announced that his country will seek Nato membership — a sure-fire way to rankle Russia and ensure more violence.

The conflict in Ukraine is destined to escalate: Kiev will push harder, and Russia will counteract with deeper involvement. It is only a matter of time before the west formally acknowledges that this “incursion” means war.

The writer is president of Eurasia Group and a global research professor at New York University

(BFW) Apple Said to Discuss $400 Pricing for Wearable Device: Re/code



Apple Said to Discuss $400 Pricing for Wearable Device: Re/code
2014-08-30 20:21:31.675 GMT


By Joe Sabo
Aug. 30 (Bloomberg) -- http://on.recode.net/1qQxCL9

Link to Company News:{AAPL US <Equity> CN <GO>}

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

To contact the editor responsible for this story:
Joe Sabo at +1-609-279-3119 or
jsabo@bloomberg.net

(BFW) Islamic State Says It’s Merged Iraqi, Syrian Towns Into 1 State



Islamic State Says It’s Merged Iraqi, Syrian Towns Into 1 State
2014-08-30 20:41:14.189 GMT


By Zaid Sabah
Aug. 30 (Bloomberg) -- The towns of Bukmal and its suburbs
in Syria’s Deir Ezzour province and the border town of al-Qaim
in Iraq’s al-Anbar province have been merged into one state
called the Euphrates State, Islamic State said on its Twitter
page.
* No other details were immediately available

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

To contact the editor responsible for this story:
Sylvia Wier at +1-212-617-8958 or
swier@bloomberg.net

>>> Haniel actively seeking possible buys, aided by 25 finance institutions

Haniel actively seeking possible buys, aided by 25 finance institutions

Haniel, the family-controlled German conglomerate, is seeking acquisitions on the back of a roughly EUR 1.2bn influx from its sale of the drug wholesaler Celesio, Boersen-Zeitung reported.

The article cited a Haniel spokesperson as saying that it is actively seeking possible buys and is researching opportunities put forward by banks. It is working with about 25 financing institutions in its search.

The report said Haniel Chief Executive Stephan Gemkow is interested in deals worth between EUR 150m and EUR 600m. The spokesperson said there is no focus on a particular sector, and that new engagements would need to be in keeping with large-scale trends. Haniel is seeking targets in which it would be able to remain invested for the long-term, according to the spokesperson.

Haniel is interested in majority buys but not complete takeovers, and is interested in midsized companies, according to the spokesperson. There is no upcoming deal to be spoken of at this time, the spokesperson was cited as saying. On the strength of the Celesio sale, since the end of 2013 Haniel has lowered its net financial debts by EUR 500m to EUR 1.1bn, according to the article.

Source Boersen-Zeitung

>>> Perrigo, Boehringer Ingelheim, Bayer AG and Sanofi said to be interested in acquiring Omega Pharma

Perrigo, Boehringer Ingelheim, Bayer AG and Sanofi said to be interested in acquiring Omega Pharma

Ireland's Perrigo, manufacturer of private label over-the-counter pharmaceuticals and Germany's pharmaceutical company Boehringer Ingelheim GmbH is said to be interested in acquiring Omega Pharma, the Belgian OTC medicines group, according to a newswire report, citing sources familiar with the matter.

According to the Bloomberg article, Bayer AG, the German pharmaceutical company, and France's pharmaceutical group Sanofi are also said to be interested. Morgan Stanley is advising on the deal, the item noted.

The sale could fetch up to EUR 4bn.

Perrigo, Sanofi (SAN), Boehringer and Bayer as well as Morgan Stanley declined to comment on the rumours. Omega Pharma did not respond to enquiries either.

Omega Pharma, held by the founder Marc Coucke and the private equity Waterland, reported 1H2014 operating profits of EUR 130.1m, up 60% from results in the same period in 2013.

>>> Bertelsmann CEO says it has several billion euros for buys, keen on education sector; denies planning Gruner sale

Bertelsmann CEO says it has several billion euros for buys, keen on education sector; denies planning Gruner sale

Bertelsmann, the German media group, needs to make acquisitions in order to fulfill its growth plan, but the current market environment is not favorable for deals, Boersen-Zeitung cited Chief Executive Thomas Rabe as saying.

Rabe was cited as saying that in the current market conditions, Bertelsmann will not succeed in its earlier stated goal of achieving growth solely organically.

The report noted that Bertelsmann's turnover in the first half of this year rose by almost 7% to EUR 7.8bn, but only thanks to acquisitions.

Whereas he earlier stated the goal of Bertelsmann achieving EUR 20bn turnover by 2017, he now says the time scale in which that level of turnover will be achieved will be three to five years, the report said. He also said that acquisitions will play an indispensable role in achieving the goal.

Acquisitions are difficult in the current environment, the report cited him as saying. He said companies are being offered for sale at excessive prices.

Bertelsmann has several billion euros available for buys, Rabe was cited as saying. He said the company will not pay excessive prices. Rabe said investments will be made especially in the education area.

Rabe denied rumors that the company has any plans to sell the German publisher Gruner + Jahr.

Source Frankfurter Allgemeine Zeitung

(ZH) It's Settled: Central Banks Trade S&P500 Futures

Based on the unprecedented collapse in trading volumes of cash products over the past 6 years, one thing has become clear: retail, and increasingly, institutional investors and traders are gone, probably for ever and certainly until the Fed's market-distorting central planning ends. However, one entity appears to have taken the place of conventional equity traders: central banks.

Courtesy of an observation by Nanex's Eric Hunsader, we now know, with certainty and beyond merely speculation by tinfoil fringe blogs, that central banks around the world trade (and by "trade" we mean buy) S&P 500 futures such as the E-mini, in both futures and option form, as well as full size, and micro versions, in addition to the well-known central bank trading in Interest Rates, TSY and FX products.

In fact, central banks are such active traders, that the CME Globex has its own "Central Bank Incentive Program", designed to "incentivize" central banks to provide market liquidity, i.e., limit orders, by paying them (!) tiny rebates on every trade. Because central banks can't just print whatever money they need, apparently they need the CME to pay them to trade. So the next time you sell some E-minis, ask yourself: is the ECB on the other side? Or the BOE? Or, perhaps, you are selling S&P 500 futures to Kuroda. Who knows: there is no paper trail anywhere, although a FOIA request and/or the discovery from a lawsuit, class action or otherwise, of the CME's central bank incentive program would likely yield some stunning results. But the only place where "discovery" would be by far the most interesting, is for the CME to disclose just which central banks provide, or take such as at 8am every morning when one market sell order takes out the entire bid staack, the most liquidity when it comes to central bank trades in "Metals Futures Contracts (Physicals)."

Because imagine the shock and awe if and when it is uncovered that the biggest active manipulators of gold are not some junior-level traders out of Britain's criminal bank cartel, but the central banks themselves. Finally, while the list above deals with international central banks "providing" ES liquidity, those wondering why the NY Fed is not on the list and just how the Fed's active trading team participates in the market without breaking the law, we have just one word: Citadel.

Netanyahu Sees Threat From Islamic State and Al-Qaeda

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

Netanyahu Sees Threat From Islamic State and Al-Qaeda 2014-08-30 17:33:25.785 GMT

By Gwen Ackerman Aug. 30 (Bloomberg) -- Israeli PM says in interview with Channel 2 that he didn’t put “all assets” into fighting Hamas in Gaza due to threats elsewhere. * Netanyahu says defense budget must be increased, its importance preempting other considerations

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

To contact the reporter on this story: Gwen Ackerman in Jerusalem at +972-2-640-1106 or gackerman@bloomberg.net

To contact the editor responsible for this story: David Wainer at +972-3-542-7110 or dwainer3@bloomberg.net