>>> Brokers Upgrades & Downgrades - 20/08/2014

>>> Up
*E.ON RAISED TO HOLD VS SELL AT SOCGEN
*DKSH RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*GOLD FIELDS RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*HOCHTIEF RAISED TO NEUTRAL VS SELL AT UBS
*KELLER RAISED TO BUY VS ADD AT NUMIS
*SIEMENS RAISED TO BUY VS NEUTRAL AT GOLDMAN
*SNAM RAISED TO BUY VS HOLD AT BERENBERG

>>> Down
*BHP BILLITON CUT TO NEUTRAL VS BUY AT CITI
*BHP BILLITON CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*BHP BILLITON CUT TO NEUTRAL AT MACQUARIE
*CEZ CUT TO NEUTRAL VS BUY AT GOLDMAN

>>> PT Changes


>>> Initiation
*INVESTOR RATED NEW BUY AT CITI, PT SEK274
*SSP GROUP RATED NEW OVERWEIGHT AT MORGAN STANLEY, PT 260P
*SSP GROUP RATED NEW BUY AT NOMURA, PT 263P
*SSP RATED NEW OVERWEIGHT AT BARCLAYS, PT 285P

>>> Call
>> Stock
*AMERISUR RESOURCES EXITS GOLDMAN CONVICTION BUY LIST, STAYS BUY
*ASOS REMOVED FROM GOLDMAN CONVICTION BUY LIST, STAYS BUY
*BHP BILLITON REMOVED FROM CITI FOCUS LIST EUROPE

>>> Qatar Pushed Hamas Back to War

A senior member of Palestnian Authority (PA) Chairman Mahmoud Abbas's Fatah faction said Wednesday Hamas's choice to forego the Egyptian truce proposal and return to its rocket war on Israel was due to Qatari pressure.

The Fatah source, quoted in the Arabic Al-Hayat as cited by Yedioth Aharonoth, said that during the Cairo truce talks Hamas had been pressing for Qatar to play an active role in the negotiations, and asked that a senior Qatar source be invited to the talks.

Egypt reportedly refused the proposal, stipulating that Qatar apologize for its policies towards the Nile State since Muslim Brotherhood member and former Egyptian President Mohammed Morsi was deposed last July 3, indicating the tension between Eygpt and Qatar. Qatar is the leading sponsor of the Muslim Brotherhood, of which Hamas is the Palestinian branch.

The Fatah source added that Qatar threatened to expel Qatar-based Hamas politburo chief Khaled Mashaal, saying it would "force him to leave," if Hamas agreed to the Egyptian truce proposal in its current structure.

Indeed Hamas rejected the proposal last week, with Mashaal saying "we want serious negotiations that lead to an end of the aggression on Gaza and granting the Palestinian demands."

The new revelation would appear to lend credence to reports Tuesday that the breach of the ceasefire was in fact orchestrated by none other than Mashaal.

An unnamed security source told Walla! the initial rocket salvo on Be'er Sheva was ordered directly by Mashaal, who reportedly bypassed Hamas's "military wing", the Al-Qassam Brigades, and ordered a specially-assigned unit of Hamas operatives answerable directly to him to launch the attack.

The source claimed Mashaal was aiming to sabotage negotiations for a long-term truce in Cairo, which were not going his way.

A senior Hamas source last week urged a different nation to replace Egypt as intermediary in the talks, labeling Egypt "the basic delaying source preventing an agreement."

Hamas may have envisioned Qatar as the replacement, given that the source called for a new third-party that would help achieve the terror group's demands, including terrorists releases and a Gaza sea and airport.

It is worth noting that three Arab-nationalist Balad MKs recently traveled to Qatar, where they reportedly met the traitor ex-MK Azmi Bishara, who founded their party before fleeing Israel after passing information to direct Hezbollah rockets on Israeli citizens.

Qatar just a week ago reportedly increased its emergency aid to the Hamas enclave of Gaza by $13 million, bringing it to a total of $23 million

NY Post : Iliad looks to Google, Microsoft for help with T-Mobile bid

A French telecom giant is trying to raise money from at least two of America’s biggest tech companies to fund a second takeover bid for T-Mobile, The Post has learned.
A few weeks ago, the company, Iliad, made a surprise offer of $33 a share for 57 percent of the larger T-Mobile that was quickly rejected. Now Iliad is speaking to the likes of Google and Microsoft about teaming up on a bigger proposal, a well-placed source told The Post.
T-Mobile shares closed Tuesday at $28.95, up 11 cents, well below Iliad’s rejected price.
It could not be learned how far advanced the talks are or if they were likely to end with any tech company jumping aboard with a sweetened bid.
Some telecom insiders see the upside of a move by Google to buy into a wireless carrier.
“Google wants everything moved to an Internet protocol standard,” one telecom expert said. “I’ve been waiting for Google to make a move.”
The search giant would like homeowners to watch TV through the Internet, bypassing cable, the expert said.
If T-Mobile built its spectrum, customers could use it for more than just cellular phone service, the expert added.
In that sense, Google, Microsoft and Apple are all on the same page, the telecom source said.
“Google wants unrestricted access to online lives. The only way for them to really get it is to be a communications company,” the source said.
The time could be now with none of the other three wireless carriers in desperate need of a partner or money.
What’s more, the tech companies have reason to keep competition alive among the cellular carriers.
“If they think Sprint or T-Mobile might fail, then they might prop them up,” a telecom lawyer said.
“If you get a duopoly, then they couldn’t access the end user without fees,” the lawyer said.
FCC Chairman Tom Wheeler has signaled it might be OK for the carriers to charge a premium to [a site like] Facebook,” the lawyer added.
The US government would likely welcome an Iliad and Google, or Microsoft, purchase of T-Mobile.
Google and Microsoft spokespeople declined comment. Iliad did not return calls.

>>> Asian Update

Asian Market Update: Japan trade deficit wider than expected; RBA Gov Stevens jawboning AUD

***Economic Data*** - (JP) JAPAN JULY MERCHANDISE TRADE BALANCE: -¥964.0B V -¥713.9BE (25th consecutive trade deficit); ADJ TRADE BALANCE: -¥1.0T V -¥761.3BE - (AU) AUSTRALIA JUL SKILLED VACANCIES M/M: 0.9% V 1.6% PRIOR (3rd consecutive increase) - (AU) AUSTRALIA JULY WESTPAC LEADING INDEX M/M: -0.1% V +0.1% PRIOR (1st decline in 3 months) - (NZ) NEW ZEALAND JUL ONLINE JOBS VACANCIES M/M: -5.0% v +7.5% y/y - (CN) China Finance Ministry: China July YTD state-owned enterprises (SOEs) Net CNY1.43T, +9.2% y/y, Rev CNY27.2T, +5.8% y/y

***Index Snapshot (as of 02:30 GMT)*** - Nikkei225 flat, S&P/ASX -0.1%, Kospi -0.1%, Shanghai Composite -0.2%, Hang Seng flat, Sept S&P500 -0.1% at 1,975

***Commodities/Fixed Income/Currencies*** - Dec gold flat at $1,297, Oct crude oil flat at $92.84/brl, Sept Copper flat $3.09/lb - GLD: SPDR Gold Trust ETF daily holdings rise 1.5 tonnes to 799.2 tonnes (2nd consecutive increase) - (US) API PETROLEUM INVENTORIES: CRUDE: -1.4M v -1Me, GASOLINE: -2.1M v -1.5Me, DISTILLATE: -0.6M v -1Me - (JP) BOJ offers to buy ¥300B in 1-3yr JGB, ¥200B in 3-5yr JGB, ¥100B in 10-25yr JGB and ¥30B in JGB with maturity over 25-yr - (AU) Australia MoF (AOFM) sells A$700M in 2.75% Bonds due 2024; Avg yield: 3.4164%; Bid-to-cover: 2.57x - (CN) China MoF sells 10-yr bonds at average yield of 4.23% - USD/CNY: (CN) PBoC sets yuan mid point at 6.1580 v 6.1548 prior setting (2nd consecutive weaker Yuan setting, weakest setting since Aug 6th)

***Market Focal Points/Key Themes*** - Japan posted its 25th consecutive month of trade deficit and the shortfall was wider than expected, even though exports rose for the first time in 3 months. Rising imports contributed to continued shortfall -- despite the falling prices, imports of crude oil rose to 16.4M kls from 15.1M kls prior. Exports to Asia, China, and US were all up in low-single digits, while Europe shipments rose 10%. Japanese Yen sold off amid overall USD strength in the afternoon session, with USD/JPY pair hitting fresh 4-month highs above ¥103.15.

- RBA Gov Stevens delivered his semi-annual address to Australia's House Economic Committee with a slightly more upbeat view on fundamentals interspersed with a healthy dose of jawboning of the exchange rate. Stevens said economic forecasts may ultimately prove too conservative, with some evidence that productivity may be improving and recent data suggesting Sept quarter has started off well. On AUD, Stevens said it is not helping the economy, and the risks of further decline are underappreciated. He also said that while a currency intervention is not being considered at this time, it remains a part of the central bank's tool kit and would be considered if the exchange rate was much higher. AUD/USD fell as low as $0.9285 on the comments.

- Australia earnings calendar was particularly concentrated on the resources sector. Woodside Petroleum was up over 0.5% on rising H1 revenue, even though the company affirmed its FY output target. Fortescue Metals was marginally lower as net profit was in line with estimates and production rate for FY15 was forecasted at 155-160MT v 155MT in FY14. Wesfarmers is up over 2%, posting a 19% growth in profit and 4% increase in revenue.

- Ceasefire in Gaza expired without an extension as negotiators in Cairo remain unable to make much progress in talks and after a rocket was fired by Hamas targeting Ben Gurion airport. In Iraq, ISIS posted a video of executing an American journalist and threatening execution of another as recourse for bombings by the US airforce.

***Equities*** US markets: - PETM: Reports Q2 $0.98 v $0.94e, R$1.73B v $1.73Be; Confirms exploring strategic alternatives; to acquire Pet360 for $130M; +5.4% afterhours - QCOM: Samsung Electronics said to have developed a smartphone chips that would replace one made by Qualcomm - Korean press; -0.6% afterhours - LZB: Reports Q1 $0.20 (adj) v $0.21e, R$327M v $321Me; Increases share buyback for up to 5M additional shares (15% of outstanding); -4.1% afterhours - YOKU: Reports Q2 -$0.07 v -$0.07e, R$154.5M v $156Me; -8.2% afterhours - TEDU: Reports Q2 $0.12 v $0.07e, R$31.9M v $31.4Me (only 2 est.), guides Q3 R$38.5-39.5M v $41Me, guides FY14 $134.5-136M v 138Me; -9.2% after - HTZ: Now expects to be well below low end of 2014 guidance, citing weakness in rental markets; could see delay in spin off of equipment rental business - filing; -11.7% afterhours

Notable movers by sector: - Consumer Discretionary: APN News APN.AU -3.6% (H1 results); SEEK Ltd SEK.AU -3.0% (FY14 results); Coca-Cola Amatil CCL.AU -3.3% (H1 results) - Consumer staples: Biostime International Holdings 1112.HK -10.1% (H1 results) - Financials: Challenger Financial Services Group CGF.AU +3.1% (FY14 results); WesFarmers Limited WES.AU +2.1% (FY14 results); Cedar Woods Properties CWP.AU -2.5% (FY14 results); Bank of China 3988.HK -0.3% (H1 results); Ping An Insurance 2318.HK -0.1% (H1 results); Gemdale Corp 600383.CN -0.9% (H1 results) - Industrials: MacMahon Holdings MAH.AU +22.7% (FY14 results); Decmil Group DCG.AU -4.5% (FY14 results); NRW Holdings NWH.AU +3.9% (FY14 results); Shenzhen Expressway 548.HK +3.6% (H1 results) - Technology: NEC Corp 6701.JP -2.3% (to partner with Mexico); Brambles BXB.AU -1.5% (FY14 results) - Telecom: China Unicom 600050.CN -1.5% (July operating data) - Materials: BHP BHP.AU -3.9% (FY14 results); Fortescue Metals FMG.AU -0.2% (FY14 results) - Energy: Woodside Petroleum WPL.AU +0.6% (H1 results)

>>> After Hours Summary: ZPIN +4.9%, PETM +3.3%, RGSE -18.0%, HTZ -11.4%, TEDU -

After Hours Summary: ZPIN +4.9%, PETM +3.3%, RGSE -18.0%, HTZ -11.4%, TEDU -7.2% following earnings/guidance
After Hours Gainers:

Companies trading higher in after hours in reaction to earnings: ZPIN
+4.9%, PETM +3.3%, KTCC +0.2%

Companies trading higher in after hours in reaction to news: PETM +3.3% (announced acquisition of Pet360; announced exploration of strategic alternatives; co also reported earnings), CVV +3.2% (co receives an order in excess of $2.75 mln from a major aviation component supplier to design and build a CVD system for coating fiber), ACHN +2.3% (co was granted U.S. patent for ACH-3102 and structurally related NS5A inhibitors; patent term to last until 2032), YUME +2.3% (Zhengxu He discloses 5.2% passive stake in 13G filing; director of co also disclosed purchase of 20k shares), FFIC +1.8% (announced 1 mln share stock repurchase program), GNC 1.8% (director disclosed purchase of 30k shares)

After Hours Losers:

Companies trading lower in after hours in reaction to earnings: RGSE -18.0%, HTZ -11.4%, TEDU -7.2%, STV -5.5%, LZB -3.8%, CCIH -2.5%

Companies trading lower in after hours in reaction to news: RGSE -18.0% (filed for 5.015 mln share common stock offering upon exercise of existing warrants originally issued on November 15, 2013; co also reported earnings), HTZ -11.9% (co withdrew its 2014 financial guidance)

>>> US Close Dow +0,48% S&P +0,50% Nasdaq +0,43%

Closing Market Summary: Discretionary Sector Leads Stocks Higher

The stock market continued its strong start to the week with a broad-based Tuesday rally that sent the S&P 500 higher by 0.5%. Nine of ten sectors registered gains while the benchmark index extended its week-to-date advance to 1.4%.

Equities received an opening boost from a pair of economic data points that crossed the wires this morning. An in-line CPI report suggested inflationary pressures remain contained, while a better than expected Housing Starts report underpinned homebuilders and the discretionary sector.

Fittingly, the consumer discretionary space (+0.8%) surged out of the gate and spent the entire session among the leaders. Homebuilders rallied following the upbeat data and better than expected earnings from Home Depot (HD 88.23, +4.64). The Dow component jumped 5.6%, while the iShares Dow Jones US Home Construction ETF (ITB 23.99, +0.56) advanced 2.4%.

Retail stocks also played a part in the outperformance of the discretionary sector after Dick's Sporting Goods (DKS 44.21, +0.70) and Urban Outfitters (URBN 38.59, +1.67) beat their earnings estimates. The SPDR S&P Retail ETF (XRT 87.05, +1.11) rose 1.3%.

While the influential discretionary sector displayed broad strength, other heavily-weighted groups were a bit more mixed. Technology (+0.7%) outperformed, while financials (+0.2%) and industrials (+0.2%) lagged.

The top-weighted sector—technology—received support from chipmakers. The PHLX Semiconductor Index recaptured its 50-day moving average and added 0.6% with all but five components posting gains. Meanwhile, most large cap tech components were limited to modest gains, but shares of Apple (AAPL 100.53, +1.37) climbed to a fresh all-time high.

Elsewhere, the top-weighted countercyclical sector—health care (+0.7%)—trailed the broader market for the majority of the session, but spiked during afternoon action in reaction to reports from the Wall Street Journal, indicating Salix Pharmaceuticals (SLXP 160.80, +21.63) was approached by Allergan (AGN 161.82, +6.21) about a potential acquisition. Shares of SLXP ended higher by 15.5%, while the iShares Nasdaq Biotechnology ETF (IBB 267.23, +1.02) tacked on 0.4% after showing intraday weakness.

Similar to health care, the utilities sector (+1.2%) outperformed, while the remaining two defensively-oriented groups—consumer staples (+0.2%) and telecom services (-0.3%)—lagged.

Treasuries began the day with solid gains, but spent the session in a steady retreat. The 10-yr note shed one tick with its yield ending at 2.40%.

Participation was well below average with fewer than 550 million shares changing hands at the NYSE.

Economic data was limited to CPI, and Housing Starts/Building Permits:
  • Consumer prices increased 0.1% in July following a 0.3% increase in June, which matched the consensus 
    • As expected from the July PPI report, energy prices fell 0.3% in July after increasing 1.6% in June 
    • Food prices accelerated, up 0.4% in July from a 0.1% increase in June 
      • Food at home prices, typically from grocery stores, increased 0.7%, which was the largest increase since August 2011 
    • Excluding food and energy, core CPI increased 0.1% for a second consecutive month in July, which is what the consensus expected 
  • Housing starts increased 15.7% in July to 1.093 million from an upwardly revised 945,000 (from 893,000) in June, while the consensus expected an increase to 964,000 
    • The big news out of the housing data was an 8.3% increase (to 656,0000) in single-family construction after declines were observed in May and June 
  • Building permits rose to a seasonally adjusted annualized rate of 1.052 million in July versus a revised 973K for June, while the consensus expected an increase to 1.001 million 
Tomorrow, the weekly MBA Mortgage Index will be released at 7:00 ET, while the minutes from the latest FOMC policy meeting will cross the wires at 14:00 ET.
  • Nasdaq Composite +8.4% YTD 
  • S&P 500 +7.2% YTD 
  • Dow Jones Industrial Average +2.1% YTD 
  • Russell 2000 -0.1% YTD

FT : London among Europe’s least ‘liveable’ cities, according to index

London among Europe’s least ‘liveable’ cities, according to index

LONDON, ENGLAND - JUNE 04: A Traditional terraced properties with the Canary Wharf skyline behind in Greenwich on June 4, 2014 in London, England. Mark Carney, Governer of the Bank of England has signalled worries with the housing market, pointing out that far too few homes are being built. Today, finalists were announced in a competition to design new garden cities outside of London to provide jobs, homes and economic growth in new places as the capital runs out of room for new property. (Photo by Matthew Lloyd/Getty Images)©Getty
London may be a global property hotspot, but social instability has a negative impact
London is the world’s hottest city for international home buyers – and yet it has become one of the least appealing places to live in Europe, according to new figures.
A torrent of cash has poured in to the British capital’s property market in the past couple of years from all over the world. But London is the third worst European city in which to live, according to the Economist Intelligence Unit’s annual liveability index.
Only Lisbon and Athens are less attractive places, it found.

The index looks at a number of factors that affect living conditions, including stability, healthcare, environment, education and infrastructure.
London has become a haven for money from around the world, with at least £122bn of UK property now held by offshore companies. As a result, house prices are growing rapidly, increasing by nearly 20 per cent in the past year according to official data published on Tuesday.
Despite this huge demand from international buyers, London is a less attractive place to live than Detroit or Reykjavik, the EIU researchers found.
US banks recently revealed that they are making plans to move staff from London to Dublin if Britain votes in favour of exiting Europe in a referendum after next year’s general election. They will find the city does not only offer economic attractions but is more liveable than London too.
Jon Copestake, an EIU analyst, said that London had slid down the index’s rankings in recent years because of a rise in social unrest.
He cited stability as the main factor making London less attractive to live in over the past half-decade. This category measures crime and the threat of terrorism, civil unrest, war or conflict.
In particular, Mr Copestake said, London had become less liveable because of the 2011 riots. He described them as “a fairly big event. It’s very hard to remember something like that occurring before.” He also expressed concern at the possibility of a recurrence. “The threat of that repeating itself is reflected in the [liveability] scores,” he said.
London also sees regular demonstrations such as the annual Mayday protests, which further contributed to its poor security score.
London’s move downwards reflects a wider trend in global security, Mr Copestake said.
“The decade of the Noughties was hallmarked by terror attacks, but now in this decade it is much more about social instability,” he said.
Mr Copestake cited the Arab Spring in 2011-13, the military coup in Thailand earlier this year, ongoing civil wars in Syria and Ukraine, the recent increase of violence in the Palestinian territories and Israel and rioting in the US city of Ferguson as examples of the trend.
“Civil unrest is very much the big global stability threat now,” he said.
Other European cities which have been downgraded by the EIU due to stability threats include Athens, which had widespread street battles during the eurozone crisis of 2010-12, and Madrid, which was hit by unrest last year and earlier this year as the government tried to impose economic reforms.
London’s score was also hit by its transport infrastructure, which is poor and overcrowded compared to many other European cities, the researchers found.
On a positive note, London scored “almost perfectly” on cultural availability, Mr Copestake said, adding that “the cities that tend to do the best [in the liveability index] tend to be the most boring cities”.
“The things that make a city exciting, such as diversity, may also be the things that create instability,” he said.

>>> Ziggo - Update on Recommended Public Offer for Ziggo; U.S. Prospectus declar

Update on Recommended Public Offer for Ziggo; U.S. Prospectus declared effective 

Liberty Global plc (Liberty Global) (NASDAQ: LBTYA, LBTYB and LBTYK) today announces, in connection with its previously announced recommended public offer (Offer) to all holders of issued and outstanding ordinary shares in the capital of Ziggo N.V. (Ziggo) as more fully described in the joint press releases of Liberty Global and Ziggo of January 27, 2014 and June 27, 2014, that its prospectus/offer to exchange, dated August 19, 2014, (the U.S. Prospectus) related to the Offer has been declared effective by the U.S. Securities and Exchange Commission (SEC). The final U.S. Prospectus can be found on Liberty Globals and Ziggos offer websites. The U.S. Prospectus contains additional information to the Offer Memorandum, dated June 27, 2014, approved by the Netherlands Authority for the Financial Markets, relating to, among other things, the fact that Liberty Global will issue a press release if it is willing to waive down the acceptance level condition to a lower percentage and that a waiver of the acceptance level condition to less than 65% will require consent from Ziggo under the Merger Protocol and its lenders under its debt financing.

NYT : Uber Picks David Plouffe, Obama’s Former Campaign Manager, to Wage Its Reg

Uber wants your vote of support. And it has hired a campaign manager to win you over.

Uber, the fast-growing private car start-up, announced on Tuesday it had hired the political strategist David Plouffe to be its senior vice president of policy and strategy. The move further signaled the grand aspirations of companies like Uber, which are challenging entrenched industries and running into resistance from some local governments.

Mr. Plouffe, who ran President Obama’s 2008 campaign, said he planned to run Uber’s communication efforts much like a political race, pushing to woo consumers and regulators alike in the company’s fast-paced expansion across the world.

Uber, which allows consumers to summon private rides via a smartphone app, now operates in more than 170 cities globally, the company said. But it has tussled with regulators in the United States and overseas in its race to gain traction in new cities. The legality of the service was questioned in 2012 when it entered New York City. In June, thousands of taxi drivers in Europe tied up traffic as they protested Uber’s rise.

In recent months, as it has continued to face resistance in new markets, the company has made no secret of its desire to find someone who can create and execute a strategy to win over consumers.

“We’re on an inexorable path of progress here,” Mr. Plouffe said in an interview. “Uber is making transportation safer. It’s providing jobs; it’s cutting down on drunk and distracted driving. I think the mission is really important.”

The hiring of a politically skilled executive has practically become a sign of adolescence for tech start-ups, marking the moment when they realize that navigating government can be as essential as maneuvering past competition.

Uber had already hired Ashwini Chhabra, a former top official at the Taxi and Limousine Commission in New York, as its first leader of policy development and community engagement. Airbnb, the home-sharing start-up that has often clashed with regulators, hired David Hantman, a former vice president of public policy at Yahoo, to be its head of global public policy.

More established tech companies have also increased their government relations teams in recent years. Google, for example, has built a big lobbying presence in Washington, hiring Susan Molinari, a former member of Congress, to be its head lobbyist.

Jonathan Zittrain, a professor of law and computer science at Harvard, said companies realized how high the stakes are and were hiring accordingly.

“A tweet-length change to a law could spell the difference between success and failure of an entire new sector,” he said.

Mr. Plouffe, whom Uber described as its official “campaign manager” in a blog post, will be responsible for the company’s policy efforts, branding decisions and overall strategy and communications.

“As more of a techie and entrepreneur, it’s new territory to understand how politics works and how campaigns are run,” Travis Kalanick, chief executive of Uber, said in an interview. “We needed somebody on the policy and strategy side who is also a kindred spirit as a data geek.”

Continue reading the main storyContinue reading the main story
A pioneer in the art of using technology and multiple sources of data to target messages to voters, Mr. Plouffe has deep and longstanding ties to President Obama; he managed his 2008 campaign for the White House and served in his White House from 2011 until early 2013. Even from outside the West Wing, Mr. Plouffe has remained one of Mr. Obama’s closest confidants, dispensing advice on a wide range of issues.
Mr. Plouffe also has experience in the private sector. After the 2008 campaign, he advised companies including Boeing and General Electric and gave paid speeches to groups and companies around the globe.

He was summoned back to the White House in 2011 to serve as Mr. Obama’s chief political adviser as the president retooled to face a divided Congress and geared up for his re-election bid. Since leaving the administration last year, Mr. Plouffe has served as a commentator on Bloomberg TV and ABC News.

Mr. Plouffe plans to use at least some of his campaign experience in his new position at Uber. “This is a company that loves data and utilizes it, which is something that I’ve utilized a lot,” he said. “If we can use data in smart and appropriate ways to tell our story better, people are more likely to use Uber for transportation.”

Mr. Kalanick said Uber also needed Mr. Plouffe to compete against the strong taxi lobby, and to make sure it faced fewer roadblocks in the new cities it entered.

“Uber has been in a political campaign but hasn’t been running one,” Mr. Kalanick said in a statement. “That is changing now.”

One thing that remains to be seen is how well Mr. Plouffe’s tactics translate overseas, where Uber faces some of the stiffest resistance. Last week, for example, the Berlin state authority issued a ruling prohibiting Uber from picking up passengers, saying the services did not meet passenger safety standards. On Monday, a court suspended the ban.

Professor Zittrain said that any effort to make government relations a higher priority had a big potential upside.

“Whether it’s to persuade local regulators using their own vernacular why these new services are to be accommodated,” he said, “or to tap national lawmakers to explicitly bless them, it can be crucial to include people on a corporate policy team who know the ways of government.”