(BFW) Time Warner 2Q Adj. EPS 98c, Est. 84c; Sets $5b Buyback

BUS 08/06 11:00 Time Warner Inc. Reports Second-Quarter 2014 Results
BN 08/06 11:01 *TIME WARNER 2Q REV. $6.79B, EST. $6.88B
BN 08/06 11:00 *TIME WARNER 2Q ADJ. EPS 98C, EST. 84C
BN 08/06 11:00 *TIME WARNER BOARD AUTHORIZED AN ADDED $5B OF SHARE REPURCHASES
BN 08/06 11:00 *TIME WARNER 2Q ADJ. EPS 98C, EST. 84C
Time Warner 2Q Adj. EPS 98c, Est. 84c; Sets $5b Buyback
2014-08-06 11:01:10.564 GMT


By Janet Freund
Aug. 6 (Bloomberg) -- Time Warner 2Q rev. $6.8b, est.
$6.68b.

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To contact the editor responsible for this story:
Janet Freund at +1-212-617-8408 or
jfreund11@bloomberg.net

>>> Starwood Property Trust misses by $0.01, misses on revs; reaffirms FY14 FFO

Starwood Property Trust misses by $0.01, misses on revs; reaffirms FY14 FFO guidance
Reports Q2 (Jun) funds from operations of $0.51 per share, $0.01 worse than the Capital IQ Consensus Estimate of $0.52; revenues rose 24.7% year/year to $170.8 mln vs the $176.9 mln consensus.
  • Co reaffirms guidance for FY14, sees FFO of $2.00-2.20 vs. $2.20 Capital IQ Consensus Estimate.
  • The fair value of the Company's net assets at June 30, 2014 was approximately $17.20 per fully diluted share, assuming debt is valued at its par settlement amount, up from $16.39 at March 31, 2014. On a fully diluted basis, the Company's GAAP book value at June 30, 2014 was $16.59 per share, up from $15.85 at March 31, 2014. These amounts reflect share dilution during the quarter of 4.1 million shares resulting from the Company's convertible notes being in-the-money by $97 million.

NY Post ; Over 1.6B usernames & passwords stolen by Russian crime gang

--> +ve for security names FTNT, PANW, FEYE,...

More than 1.6 billion internet username and password combinations have been stolen by a Russian crime gang in a massive security breach.
US security firm Hold Security revealed confidential material had been gathered from more than 500 million email addresses and 420,000 websites.
The hackers targeted both big and small websites across the globe, The New York Times reported.
Hold Security has not named the companies which have been targeted as their sites remained “vulnerable”.
However another security expert who analysed the stolen credentials told The Times the breach was authentic.
It is understood some larger companies are aware their records were among the stolen information.
Founder and chief information security officer of Hold Security Alex Holden said the breach was massive and wasn’t confined just to the US.
“Hackers did not just target US companies, they targeted any website they could get, ranging from Fortune 500 companies to very small websites,” he said.
“And most of these sites are still vulnerable.”
The breach has sparked warnings for users to step up their password security details to avoid having their information stolen.
IT security and risk management solutions Sense of Security chief operating officer Murray Goldschmidt said this incident was evidence that users needed to be more vigilant when it came to protecting their personal information.
Mr. Goldschmidt said while it wasn’t known exactly what companies were yet affected, it was a wise idea to change and update passwords regularly, irrespective of this hack.
He added people using shared passwords and credentials across various networks and sites were most at risk of having their information compromised.
“If even one of these passwords are compromised, it’s like a domino effect,“ he told news.com.au.
He said users were at risk of being affected by the hack due to our high use of overseas websites.
“[Users] are frequently engaged in using international websites … so by virtue of being on the internet, there is a risk of credentials being accessed,” he said.
Mr. Goldschmidt advised users to change passwords which are shared and to use strong passwords which had a combination of numbers and letters.
He also said changing them regularly also lessened the risk of vital information being compromised.
It wouldn’t be the first time web users have been affected by a massive security breach.
In May, online giant eBay warned customers to change their passwords after cyber attackers broke into its databases.
Its database was compromised which “included eBay customers’ name, encrypted password, email address, physical address, phone number and date of birth”.
However, financial information or other confidential personal information was not affected.
And in 2012 social network LinkedIn suffered a massive security breach which resulted in the loss of up to millions of encrypted passwords, which could allow hackers to break into subscribers accounts.
The hacked passwords were first posted to a Russian hackers forum, Norway-based tech blog.

Valor : Consolidação é desculpa para concentraç�Ło de teles

Consolidation is sorry for concentration of telcos, says Paul Bernardo

SAO PAULO - The bid for GVT by Telefónica will be evaluated by the government for the operation to have no negative impact to the market, said Communications Minister Paulo Bernardo.

According to the minister, there is nothing to prevent this type of operation, and the government has no official position on it. But it needs to be analyzed. "In my assessment, it is clear that a concentration [of the market]. But that will be evaluated by Cade [Administrative Council for Economic Defense], "said the minister.

He said he was told about the operation yesterday at the end of the day. The proposed U.S. $ 20 billion was officially released this morning.

In evaluating Bernardo, there is a "frenzy" in the market regarding the consolidation of telecommunications companies both by the operators themselves, as the investors. In his assessment, this process of consolidation would be an excuse for market concentration. "And concentration is not good for the consumer. The more competition the better, "said