(BFW) Talisman Energy Has Been Approached by Repsol on Various Deals

Talisman Energy Has Been Approached by Repsol on Various Deals
2014-07-23 15:00:53.437 GMT


By Divya Balji
July 23 (Bloomberg) -- Talisman Energy says it has been
approached by Repsol on “various transactions,” though no
assurance any transaction will be agreed on.
* TLM CN up as much as 12% before shrs halted at 10:19am
* TLM CN to report 2Q results pre-mkt on July 29
* NOTE: Earlier, Repsol Falls to Session Low as Talisman
Trading Halted
* NOTE: Yday, Repsol Said to Consider Bid for Talisman After
YPF Payout
* NOTE: Earlier, Repsol Potential Interest in Talisman
‘Feasible’: Canaccord
* NOTE: Earlier, Talisman Would Satisfy Repsol’s Desire to Do
Large Deal: Clarkson


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Colleen McElroy

(9to5) Apple ‘tentatively’ plans mid-September iPhone event as iOS 8 nears compl

Apple is gearing up for its first major hardware and software launches of 2014. The Cupertino-based company is “tentatively” planning a keynote address in mid-September to announce the iPhone 6 and provide final details on iOS 8, according to sources briefed on the plans.

These people say that the second and third weeks of September are the mostly likely weeks for the event to be held, but they add that manufacturing uncertainties could alter the event’s timeframe. A decision has not been finalized, and sources made it clear that the plans are in flux.

The event will showcase at least the new iPhone 6 with a 4.7-inch screen, the sources say, but a final decision on debuting the larger, 5.5-inch “phablet” model at the event has not been made. The 4.7-inch variant of the new phone is farther along in both internal testing and manufacturing preparation, the sources added.

The iPhone 6 will be a significant launch for Apple with its bigger display and slimmer design. Yesterday, Apple announced that it has sold 35.2 million iPhones in the June quarter. While that number brings iPhone sales up roughly 12% year-over-year, the sales figure came in below the expectation of financial analysts. Apple CFO Luca Maestri said iPhone sales were on the high end of Apple’s own expectations, but he noted, as Apple does annually, that sales could have been higher if it were not for “new product rumors.”

As Apple sets its sights on unveiling the new iPhone hardware, the company is also racing to finish up iOS 8, the software that will come pre-loaded on the iPhone 6. Apple is nearing completion of iOS 8.0′s development, and it plans to release a fifth and likely final beta to developers for testing on Monday, August 4th, according to the sources. Apple will finish up work on this beta 5 early next week, the sources said, and a golden master version of iOS 8 will be completed either in late-August or early September in order to provide ample time for both carrier testing and the installation of the iOS onto iPhone 6s in production.

As iOS 8.0 with improved messaging and a new Health app near a public release, Apple will soon turn its iOS development attention to iOS 8.1 and iOS 9. Apple has been working on a new dual-screen multitasking mode for iPads as well as new functionality for Maps that should be ready for either 8.1 or 9.0. Apple originally planned to debut both of those features in the iOS 8 version launching this fall, but engineering resource constraints as well as internal politics have caused internal delays.

Apple is said to also be planning a second event for the fall that will take place in October. As others have reported, this event will likely center around Apple’s upcoming wearable fitness band. Besides the wearable device, as we reported yesterday, Apple will utilize October to talk about the upcoming OS X Yosemite.

Also in Apple’s pipeline for this fall are new versions of the iPad. Sources and previous reports say to expect a more modest series of iPad updates this fall that center around internal device improvements and Touch ID fingerprint scanners. As he says almost quarterly, Cook said yesterday that “significant innovation” is in the cards for the iPad in the future.

(BFW) Mead Johnson Potential Takeover Price $120-130, Citi Says

Mead Johnson Potential Takeover Price $120-130, Citi Says
2014-07-23 13:34:58.330 GMT


By Krysta Huber
July 23 (Bloomberg) -- Increasingly likely that Mead
Johnson Nutrition will be takeout candidate for Danone given
DANOY situation in China, Citi analyst says in note; ests. $120-
$130 takeout value for MJN.
* MJN buyout in “realm of possibility”
* Reiterates MJN buy, PT raised to $109 vs $105
* NOTE: Yday, Danone Started Strategic Review, WSJ Says
* NOTE: Yday, Mead Johnson Boosts Low End of Yr Adj EPS View;
2Q Misses by 1c

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>>> Yahoo! Finance announces new contributors including Carl Icahn

Yahoo! Finance announces new contributors including Carl Icahn 
Announce the launch of Yahoo Finance Contributors - a finance focused and socially driven network where expert contributors will regularly create and share premium original content. 

We are opening up the Yahoo Finance platform to a select group of leaders of finance from money and wealth managers to strategists and analysts to successful traders, where they will publish content directly to Yahoo Finance pages from Tumblr. We are building a daily habit information and analysis destination where those who want to know what some of the smartest and most accomplished pros in the world are thinking about stocks, commodities, the economy, wealth management and more will be able to find it. 

Contributors at launch include people like Carl Icahn, Jim OShaughnessy, Jeffrey Kleintop, Josh Brown, and Linda Descano. You can find a full blogroll with links on the Yahoo Finance Contributors Tumblr here.

>>> EMC - CEO: Have agreed to meet with Elliott Management; Always open to dialo

CEO: Have agreed to meet with Elliott Management; Always open to dialogue with all shareholders - conf call 
- So far we have not heard from Elliott Management beyond an intial contact noting that they plan to be a major shareholder. 
- Have met with many investors since the beginning of the year, they have noted our growth has slowed but new products are growing rapidly; investors have made clear that we should return more capital and we responded with accelerated buyback program today.

>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance: XOOM -13%, XLNX -11.4%, UIS -7.3%, IRBT -6.5%, JNPR -6.3%, WHR -6.1%, EXP -5%, STM -4%, EA -3.7%, GSK -2.6%, LLTC -2.5%, ABB -1.7%, SYT -1.2%, OC -1.2%, TSS -0.7%, HERO -0.5%.

Other news: LJPC -7.1% (announces proposed underwritten offering of common stock), FPI -3.9% (announces commencement of public offering of common stock), ALTR -3.2% (following XLNX results), PT -3.2% (still checking), NYLD -1.5% (launches public offering of 10.5 mln shares of its Class A common stock), HLF -1.3% (ongoing Ackmann related volatility -- was up nearly 14 pts yesterday), EVRY -1.3% (provided update on credit agreement: entered into amendment to extend the co's forbearance agreement through July 29, 2014), HLF -1.3% (negative mention on Mad Money), MCD -0.9% (Five people were detained regarding China food probe, according to reports).

Analyst comments: KING -2.2% (downgraded at B of A/Merrill ), SHO -1.7% (downgraded to Neutral at Robert W. Baird), EAT -1.1% (downgraded to Sector Perform at RBC Capital Mkts), DD -1.1% (downgraded to Neutral from Overweight at JP Morgan and downgraded to Neutral from Outperform at Robert W. Baird), DRH -1.1% (downgraded to Neutral at Robert W. Baird), MCD -0.9% (downgraded to Neutral from Positive at Susquehanna).