>>> G20's Financial Stability Board (FSB) said to be seeking to more closely mon


G20's Financial Stability Board (FSB) said to be seeking to more closely monitor large asset managers in efforts to ensure financial stability - financial press 
- Some scrutiny could center around limiting some fund's activities in the markets during crisis times, which may involve restricting inflows and outflows in certain instruments such as Govt bonds 
- FSB may also use gates or fees to avoid runs on the asset managers in times of crisis

(BN) *CARILLION NO LONGER PURSUING MERGER WITH BALFOUR BEATTY

{BBY LN Equity GIP<GO>}

BN 08/20 14:00 *CARILLION RESERVES RIGHT TO REPORT OFFER WITHIN 6-MO
BFW 08/20 14:00 *CARILLION NO LONGER PURSUING MERGER WITH BALFOUR BEATTY
BN 08/20 14:00 *CARILLION IS NO LONGER PURSUING SUCH BALFOUR BEATTY MERGER
BN 08/20 14:00 *CARILLION NO LONGER PURSUING SUCH A MERGER.
BN 08/20 14:00 *CARILLION CLLN ANNOUNCEMENT ON BALFOUR BEATTY
*CARILLION NO LONGER PURSUING MERGER WITH BALFOUR BEATTY
2014-08-20 14:00:42.485 GMT



RNS Newswire press release is accessible under the following tickers and
industry codes:

{BBY LN Equity CN RNS <GO>} (Company News and Research)
{CLLN LN Equity CN RNS <GO>} (Company News and Research)

{NI 8901 RNS <GO>} (News by Industry, Category or Region)
{NI ?17680700 RNS <GO>} (News by Industry, Category or Region)
{NI FILINGS RNS <GO>} (News by Industry, Category or Region)
{NI MNA RNS <GO>} (News by Industry, Category or Region)
{NI UK RNS <GO>} (News by Industry, Category or Region)

{NSN NALYW63HBS3M <GO>} (Story Link)

-0- Aug/20/2014 14:00 GMT

>>> Infineon: Follow up on M&A reports

Infineon: Follow up on M&A reports

As mentioned earlier, Bloomberg reported that Infineon (IFNNY) is nearing a buyout of a U.S. semi co for around $2 billion. While no specific buyout candidate was named, several stocks in the space are moving higher in the wake of the reports. For those considering possibilities, the current market cap of the potential target may be lower than the $2 bln price range named in the reports, as an acquisition would most likely involve some sort of premium to current prices. Stocks in the semi space around that market cap that are seeing the most action this morning include the following:
  • Power Integrations (POWI +10%); mkt cap $1.722 bln
  • Semtech Corporation (SMTC +9%); mkt cap $1.57 bln
  • International Rectifier Corporation (IRF +7%); mkt cap $1.89 bln
  • Fairchild Semi (FCS +6%) mkt cap $1.92 bln
  • Spansion (CODE +5%); mkt cap $1.18 bln
  • Intersil Corporation (ISIL+3% ); mkt cap $1.73 bln
Others not seeing as much strength include: SLAB, MPWR, CY, ENTG, SMTC, OVTI, TSRA, VECO, CRUS, PMCS, DIOD, MTSI, CCMP, AMBA, LSCC, AEIS, BRKS, SEMI, MCRL

>>> CAT - Reports July dealer statistics

Reports July dealer statistics: retail sales of machines -9% y/y; Energy & Transportation Retail Sales -5% y/y 

- Retail Sales of Machines: 
Asia/Pacific -29% 
EAME -16% 
Latin America -23% 
North America +11% 
World -9% 

- Energy & Transportation Retail: 
Power Gen -16% 
Industrial +5% 
Transportation -17% 
Oil & Gas +6% 
Total -5%

>>> LOW - conf call comments

Economic forecasts suggest continued growth in the home improvement market as employment, income and consumer spending levels continue to improve - conf call slides 
- Though signals from the housing market appear mixed, we believe home improvement spending will continue to progress in tandem with strengthening job and income growth 
- Guides FY14 free cash flow $2.9B 
- Guides FY14 capex $1.2B