>>> US Early premarket gappers

Early premarket gappers

Gapping up: KITE +23.3%, ZGNX +17.1%, DSW +12.8%, MNOV +12%, DGLY +10.4%, ACHN +7.1%, KNDI +6.7%, RENN +5.5%, THI +4.4%, ASTI +3.8%, PE +3.4%, MT +2.9%, PINC +2.1%, PINC +2.1%, CMTL +1.9%, CMTL +1.9%, X +1.8%, JMBA +1.7%, ABX +1.6%, PT +1.6%, GDX +1.3%, GFI +1.2%, SLV +0.9%, AEM +0.9%, TECD +0.9%, GOLD +0.7%

Gapping down: ADEP -17.4%, KANG -12%, COCO -5.9%, SAFM -2.5%, RWC -2.4%, PSEC -2.2%, NES -1.7%, ROYT -1.1%

>>> Best Buy beats by $0.13, reports revs in-line; guides lower --> -1.66% premk

--> BBY

Best Buy beats by $0.13, reports revs in-line; guides

Reports Q2 (Jul) adj. earnings of $0.44 per share, $0.13 better than the Capital IQ Consensus Estimate of $0.31; revenues fell 4.0% year/year to $8.9 bln vs the $8.98 bln consensus.

"The ongoing benefits of our Renew Blue cost reduction and other SG&A cost containment initiatives drove these better-than-expected results. On the topline, as expected, sales in the NPD tracked Consumer Electronics categories declined 2.5%, in line with our Domestic comparable sales decline of 2.0% [co guided for Q2 comps negative low single digits]...

industry-wide sales are continuing to decline in many of the consumer electronics categories in which we compete. We are also seeing ongoing softness in the mobile phone category ahead of highly-anticipated new product launches. Therefore, absent any change in these declining industry trends and with limited visibility to new product launch quantities, we continue to expect comparable sales to decline in the low-single digits in both the third and fourth quarters ...

we are expecting the non-GAAP operating income rate in Q3 and Q4 to increase in line with the year-over-year improvement that we saw in the first half."

non-GAAP Domestic gross profit rate was 23.4% vs. 23.9% last year, in-line with guidance for a YoY decrease.

(BFW) WHO Recommends E-Cigarettes Sales Ban for Minors


WHO Recommends E-Cigarettes Sales Ban for Minors
2014-08-26 10:41:44.468 GMT


By Allison Connolly
Aug. 26 (Bloomberg) -- World Health Organization recommends
sale of e-cigarettes to minors be prohibited and vending
machines be eliminated in almost all locations, according to
statement.
* Says manufacturers shouldn’t be allowed to claim the devices
help in smoking cessation without evidence
* Says warnings should be commensurate with proven health
risks such as potential nicotine addiction
* Says use of e-cigarettes indoors should be prohibited
* Recommendations will be discussed in Oct. at a meeting in
Moscow of the WHO’s Framework Convention on Tobacco Control
* Statement

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

To contact the reporter on this story:
Allison Connolly in London at +44-20-3525-7043 or
aconnolly4@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net

(NY Post) AT&T’s DirecTV bid nearing approval

AT&T has reached a tentative deal with antitrust officials to help pave the way for its proposed $49 billion acquisition of DirecTV, The Post has learned.
The telecom giant has agreed to unspecified conditions in order to win approval from the Justice Department for the bid, sources said.
The DOJ, which issued a second request for information six weeks ago for more information, will likely sign off on the deal in next few months.
The Federal Communications Commission still has not ruled on the merger and is in the public-comment process.
If the DOJ and FCC are of the same mind, the merger may clear both agencies in the first quarter, a source said.
In May, AT&T announced the deal to buy the largest US satellite-TV company provider.
The move will allow AT&T to add DirecTV’s 20 million subscribers to its 5.7 million U-Verse TV service subscribers, which currently spans 22 states.
Critics of the planned merger believe the convergence of the few remaining telecom and cable giants will raise prices for consumers.
In July, Sen. Al Franken (D-Minn.) wrote a letter to the Justice Department critical of the deal.
“If AT&T is permitted to acquire DirecTV, the combined entity will have enhanced power in virtually every corner of the telecommunications market — power that AT&T potentially could use to obtain an unfair advantage over consumers and competitors,” Franken wrote. “As such, I have some concerns about this deal.”
AT&T’s preliminary deal with regulators could also prove helpful to Comcast, which is seeking to gain approval to buy rival Time Warner Cable.
AT&T’s agreement could serve as a sort of road map for Comcast, helping it to navigate the regulatory waters and anticipate what conditions it is likely to face.
AT&T-DirecTV’s combined 26 million customers would be second only to Comcast and TWC, which if combined would boast 30 million.
AT&T and the DOJ declined comment.

(BFW) *VW STILL SEES UNCERTAINTY ON AUTO SECTOR ECONOMIC CONDITIONS


BN 08/26 08:35 *VW STILL SEES UNCERTAINTY ON AUTO SECTOR ECONOMIC CONDITIONS
BN 08/26 08:33 *VOLKSWAGEN GROUP 7-MO. GERMANY SALES RISE 6.7% TO 724,300 UNITS
BN 08/26 08:31 *VOLKSWAGEN GROUP 7-MO. SALES 5.78M UNITS
BN 08/26 08:31 *VOLKSWAGEN GROUP 7-MO. SALES RISE 6%

*VW STILL SEES UNCERTAINTY ON AUTO SECTOR ECONOMIC CONDITIONS
2014-08-26 08:38:02.479 GMT

--BENJAMIN DOW

-0- Aug/26/2014 08:38 GMT

FT : UK catapult centre works on vision of windowless aircraft

Imagine being on a flight where, in place of windows, screens lining the cabin project images of the sky outside. New technology that could help reduce the weight of an aircraft could soon see windowless planes take to the air.
Plastic display screens for use in aircraft cabins are one of several applications of printable electronics that are being developed at the Centre for Process Innovation in Sedgefield in northeast England, part of the government’s network of technology centres known as “catapults”.

By using conductive inks, printed electronics – technology that has long promised to enliven products from perfume bottles to food packaging – can incorporate electrical circuits in cardboard and plastic for just a few pence per unit. In pharmaceuticals, smart packaging could tell a patient when to take their medication, for example.
But it is the technology’s potential to help aircraft manufacturers create a windowless plane that is causing most excitement at the CPI for now. By replacing windows with an interactive plastic display screen, the weight of the aircraft would be reduced, helping to lower fuel costs.
“Getting weight out of a plane is a key [goal] for the industry,” says Tom Taylor, who is part of the management team at CPI.
While the windowless plane is not a new concept – freight aircraft and military jets tend not to have windows – commercial aircraft manufacturers have put off the idea until now because of concerns it would be unpopular with passengers.
One US aerospace company has announced plans, though. This year Spike Aerospace said it would include a windowless cabin in its Spike S-512 Supersonic Jet, which is due to launch in 2018.
Vik Kachoria, president of Spike Aerospace, believes the benefits of what he calls the “multiplex digital cabin” will help win over passengers. “They will soon be able to experience a wonderful panoramic view of the outside world,” he says.
However, he says the company plans to include several windows for emergency purposes, which passengers will be able to use for a “quick look” outside.

In the UK, the CPI has been working with companies to develop a UK supply chain for the technology that will benefit British manufacturing. It is also in talks with aircraft manufacturers about the technology. “You could see the first of these coming to market in three to four years,” Mr Taylor says.
Technological developments such these are the purpose of the UK’s network of catapults – technology and innovation centres that aim to develop research to the point where it can be turned into commercially successful projects. The UK has traditionally lagged behind European and US peers in this area.
They were launched by the UK government in 2011, and in March Vince Cable, the business secretary, commissioned a review of their progress from Hermann Hauser, co-founder of Acorn Computer, who proposed the centres in a report for the Labour government.
The government plans to create nine of them over five years with £1.4bn of public and private investment. So far, it has established seven, with two more – focused on energy systems and precision medicine – to open next year. They currently employ about 1,500 scientists and engineers.
Mr Cable has made no secret that he would like to see the network eventually rival overseas examples, such as Germany’s Fraunhofer Society, which was founded in 1949 and employs more than 22,000 people in 67 hubs. Its funding dwarfs that of the UK – the annual research budget is €2bn.
While the centres have been welcomed by industry, many believe they need significantly more funding if they are ever to rival overseas peers.
In a review of advanced manufacturing for the Labour party in June, Mike Wright, executive director of Jaguar Land Rover, warned that the government should not increase the numbers of catapults without increasing funding.
“We need to not spread the jam thinly but put even more resource, more focus and give them time to flourish,” Mr Wright told the Financial Times.

WWD : Rhône Capital to Add to Elizabeth Arden Stake

RHÔNE TO ADD TO ITS ELIZABETH ARDEN STAKE: Investment funds affiliated with Rhône Capital said Monday they plan to acquire an additional 6.4 million shares of Elizabeth Arden Inc., or 20 percent of the outstanding shares of common stock, at a cash purchase price of $17 a share via a tender offer that is expected to “occur promptly.” The investors on Aug. 19 acquired 50,000 shares of Arden’s Series A preferred stock and warrants to purchase nearly 2.5 million shares of the beauty firm’s common stock pursuant to a private placement. At the time, they stated their intention to increase their stake in the beauty firm.

Rhône and Arden have an agreement in place with standstill restrictions that cap the investment group’s stake at 30 percent of Arden. Under that agreement, Rhône also has the right to designate a member to Arden’s board, as well as add a second member under certain conditions. Shares of Arden ended Monday’s Nasdaq trading session unchanged at $16.92.