>>> Hertz Global disclosed that Q1 results are likely to be below consensus

Hertz Global disclosed that Q1 results are likely to be below consensus (Capital IQ consensus $0.09 & revenue of $2.533 bln)

  • "On May 13, 2014, each of Hertz Global Holdings, Inc. and The Hertz Corporation delayed the filing of its Form 10-Q for the period ended March 31, 2014. During the preparation of the First Quarter 10-Q, errors were identified relating to Hertz's conclusions regarding the capitalization and timing of depreciation for certain non-fleet assets, allowances for doubtful accounts in Brazil, as well as other items. Hertz continued its review and recently identified additional errors related to allowances for uncollectible amounts with respect to renter obligations for damaged vehicles and restoration obligations at the end of facility leases."
  • For the first quarter ended March 31, 2014, the Company's results are likely to be below consensus, reflecting costs associated with the accounting review, other unusual items, and certain anticipated operating results, although the Company will not be certain until the review referred to in Item 4.02 above is completed.
  • Highlights for the 2014 first quarter for U.S. RAC include: · U.S. rental car revenue increased approximately 4.5% over the same period last year. U.S. rental car total revenue per day was down 1.6% compared with last year due to excess fleet creating a supply/demand imbalance, the loss of the Easter holiday, and a strategic change in the business mix with the introduction of the Firefly discount brand on airport and significant, rapid growth in insurance replacement business.
  • Adjusted for volume mix, total revenue per day was flat. The primary Hertz Classic brand on airport was up approximately 1% in the quarter, supported in part by positive commercial pricing. International rental car revenue increased approximately 1.7% over the same period last year.
  • Europe's top line improved as the Company opened 12 new off airport locations, generated incremental Firefly revenue, launched its Dream Car collection in five countries and had a significant increase in ancillary sales.

NY Post : 8 reasons why New York women can’t get a husband

March 12, 2014 | 8:31pm
Last year, Susan Patton, a Princeton grad and the mother of two sons at the elite college, outraged feminists when she wrote an open letter to the Daily Princetonian telling female students to find a husband on campus before they graduate.
The red alert — which argued that these Ivy League college girls “would never again be surrounded by this concentration of men who would be worthy of you” — went viral with more than 100 million hits.
Now Patton, an independent HR consultant who lives on Manhattan’s Upper East Side and who’s been dubbed “Princeton Mom,” has capitalized on her fame with an old-fashioned dating manual, “Marry Smart.” Published this week, the book argues that coeds have a limited shelf life “as young, beautiful [women who are] as attractive to men or as fertile” and advises them to spend three-quarters of their time in school on the hunt for Mr. Right.
But what happens if you missed your shot and didn’t get that all-important MRS certificate along with your liberal arts degree?
Nil desperandum, says Patton. She believes that, even in the dog-eat-dog dating jungle that is New York, there is hope for single career women between the ages of 22 and 35 (yes, that’s her cutoff) who also want marriage and babies.
“These women are spinsters-in-training, but they can turn it around,” says the 50-something divorcée. “They need to apply the same attitude and gumption that got them to New York City to the task of getting a husband.”
So listen up, unattached ladies! Here’s where Princeton Mom thinks you’re going wrong:
1
You drink too much
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The lush life may help NYC gals relieve stress, but it won't help land a suitable man for wedded bliss.
Photo: Anne Wermiel
The ubiquitous “happy hour” sign outside your favorite bar might be beckoning — according to a recent study, binge drinking is on the rise here in NYC — but think before you dash through the doors of Dorrian’s for a 50-cent beer to ease your work stress. “Honestly, do you think that you’re at your most attractive when you are drunk, slurring your words and on the verge of puking?” asks Patton. “You’re not, and by drinking to excess, you put yourself at risk. Women who are sloppy drunks are a huge turnoff, as is the smell of puke on your hair.” You should also question whether a Second Avenue dive that shutters at 4 a.m. is the best hunting ground for love. “At best, it’s an undignified place to meet men; at worst, it’s a dangerous place to encounter possible psychopaths,” warns Patton. Her preferred spots to nab that life partner? The Metropolitan Museum, the Guggenheim, MoMA. “Any museum is a safe and very reasonable place to engage in conversation with strangers over Monet’s brilliant use of light, Mondrian’s cubist overtones or Calder’s playfulness,” she observes.
2
You might as well be married to your iPhone
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Ladies, put down that smart phone -- it's a potential husband killer! Instead, "Princeton Mom" Susan Patton suggests holding your head high -- and smiling.
Photo: Anne Wermiel
You’ll never hear wedding bells when you’re constantly bent over an electronic device with your earbuds in. “When you walk through Grand Central Station, Central Park or down Madison Avenue — hold your head high and get in the habit of looking people in the eye,” says Patton. “Smile. Look like you’d be nice to speak with — welcoming, warm, charming. You can’t do any of that if you are hunched over your laptop or iPad.” Instead, it’s time to wise up, smell the spring flowers and go for a walk at lunchtime.
3
You wear too much black
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Avoid black, boyish outfits and choose chic, flirty frocks in bright, welcoming colors instead.
Photo: Catwalking/Getty Images;AP Images
New York women may be known for their fashion sense, but black clothing, severe silhouettes and the kind of avant garb made famous by local fashionista Leandra Medine (a k a the Man Repeller) are all no-no’s. “Anything that makes a woman look like she’s dressing as a man” is to be avoided, says Patton. In other words, you can’t go wrong with a pastel-colored frock. “You should dress with more sophistication,” says Patton, whose favorite designer is Tahari. Another Patton peeve is the gal who wears no makeup, even when she’s jogging around the Prospect Park loop at 7 a.m. “If you are in serious husband-hunting mode, don’t leave your apartment unless you look so good that you’d be delighted to run into your ex-boyfriend,” she adds. “Remember, your body hasn’t yet been ravaged by childbirth, and presumably you’ve kept yourself healthy and attractive. You have to make the best of this time.”
4
You're dating too many guys at work
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Joan bedded her boss Roger Sterling on "Mad Men."
Seeing as you spend most of your waking hours in the office, you might be tempted to make like Joan Holloway from “Mad Men” with your very own Roger Sterling (above). But show Patton a career girl who thinks she’ll find the man of her dreams at the office, and she’ll show you a future “old lady with cats.” “Women tend to be attracted to men at work who are older than they are and more senior,” she says. “When those love affairs end — and they almost always end — it’s the junior-position woman who is forced to find a new job or remain there feeling awkward.” Besides, you shouldn’t be “fishing off the company pier,” anyway. “Don’t mix your business and personal life,” adds Patton. As for married men, you already know the score. “He’s not leaving his wife for you. And if he would cheat with you, he’ll cheat on you,” says Patton. Quit wasting your time with unsuitable men. “Bad boys can be fun to fool around with, and women do have needs, but stay away from these pigs for the sake of a little sausage.”
5
You spend too much time with your gay best friend
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On "Girls," Elijah may be fun to hang out with, but Hannah will never get to the altar if she spends all her time with her gay pal.
Do the funnest of your funnest nights out always end up at Therapy? We know they’re a blast, but it’s time to ditch your gay pals for a while and shop in a more appropriate market. “Your gay boyfriends are wonderful, but they are not marriage material,” says Patton. “They’ll understand if you explain why you have to spend a little less time with them until you find your man. There may not be many prospects for you on Christopher Street, but your homosexual friends may know straight guys who might be appropriate for you.” Let them know that you’d consider it a favor.
6
You're ignoring your biological clock
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Don't put your ambitions for motherhood on hold for your career.
In a city like New York, where a girl is bombarded by subway ads for IVF clinics, fertility endocrinologists and all manner of assisted reproduction techniques, it’s all too easy to put your ambitions for motherhood on hold. “No, no, no, no,” shrieks Patton. “If you aspire to motherhood within marriage, you have a limited window of opportunity within which to find a husband and bear your own children.” To all those women who want to have children naturally, with the support of a husband, she sounds an unapologetic wake-up call. “You are not getting any younger,” says Patton. “But the women you are competing with to get the men you’re interested in marrying are most certainly getting younger.”
7
You hook up too much
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Photo: Shutterstock
Young, career-obsessed New York women are only too happy to hop in the sack without any long-term plans — witness the rising popularity of hookup apps like Tinder. But Patton takes a dim view of casual sex. “Men lose interest in women that are easier to make than a peanut butter sandwich,” she insists. “If you offer men sex without commitment, you eliminate the incentive for them to commit.” Granny was right: Men won’t buy the cow if the milk is free. “The women who troll the Meatpacking District are in the business of one-night stands, but if you are looking for a more substantial relationship, you have to pace yourself and engage in a very slow dance towards intimacy,” she warns. Patton also thinks you should keep details of your sex life to yourself. “Who you have sex with is your private business, so keep it private,” she says. “Talking about your hookups (or complaining about them) reflects badly on your judgment and your character.”
8
You over-rely on NYC conveniences
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It took workaholic Liz Lemon six seasons to find love on "30 Rock."
Photo: Ali Goldstein
Yes, you’re stressed out and tired and you can get virtually anything delivered to you in this great city. But Seamless, FreshDirect and Netflix are making you lazy and, if Chinese is your takeout of choice, fat. “Everybody works hard, and at the end of a long day it’s great to order in tapas and binge on a ‘House of Cards’ marathon,” says Patton. “But you won’t meet anybody new in your studio walk-up.” So, slip off the Slanket and get out into the world. As a dog lover, Patton (who owns a dachshund named Lucille) firmly believes in the power of the canine-concocted romance. “Grab a leash, your lipstick and go for a walk in the park — if you’ve trained your dog well, they can act as your wingman.”

>>> Nestle - Buy - 67.80/68.15 is a strong support

Stock has a decent correction from high (almost 5%), approaching good support level, Story still compeling and still think one of the best name in the sector better than Danone & Unilever.

if level broken strong 50% retracement support @ 66.90

I will buy the stock to play a rebound to test the high, and add some more if stock testing the 66.90.

S1 to be published on the 7th Aug

WSJ : Vodafone Says Phones on Its Global Network Are Tapped

Vodafone Says Phones on Its Global Network Are Tapped
Telecoms Firm Says Tapping Was Used Widely In Some of 29 Countries Where It Operates

LONDON— Vodafone Group VOD.LN +1.40% PLC Friday said secret wires allow government agencies in many countries to listen to conversations on the mobile telecommunications giant's global network—publishing the first comprehensive report about how many governments tap into its global telecommunications infrastructure.

Publishing a 20-page report on mass surveillance by governments entitled "Law Enforcement Disclosure", the U.K.-based operator, which is the world's second-largest mobile operator after China Mobile Inc., says the tapping was widely used in some of the 29 countries where it operates.

The report lays out the procedures and infrastructure used by governments to request information and, when they deem necessary, tap into one of the world's largest telecommunications networks with relative opacity.

Since the start of leaks by former National Security Agency contractor Edward Snowden, revelations and allegations of U.S. and British government-sanctioned eavesdropping have been widespread. But the Vodafone report is essentially the first global survey of many of the practices used by other governments around the world. It also comes from a company with firsthand experience working with these governments and complying with their requests.

In Albania, Egypt, Hungary, India, Malta, Qatar, Romania, South Africa and Turkey it is unlawful to disclose any information related to wiretapping or interception of the content of phone calls and messages, Vodafone said.

And in about six of the countries in which Vodafone operates, the tapping is a legal requirement. Vodafone says it is not disclosing the countries involved for fear of local sanction and retaliation by governments against its staff.

The group said while its customers have a" right to privacy" enshrined in international human rights law, it has to abide by the laws of every country in which it operates which require it to disclose information about its customers to law enforcement agencies or other government authorities, or to block or restrict access to certain services.

"Refusal to comply with a country's laws is not an option," Vodafone said.

"If we do not comply with a lawful demand for assistance, governments can remove our license to operate, preventing us from providing services to our customers."

Vodafone says it is publishing the information to further the debate on government surveillance systems. It says the report will be updated annually.

"The need for governments to balance their duty to protect the state and its citizens against their duty to protect individual privacy is now the focus of a significant global public debate," Vodafone said.

"In our view, it is governments—not communications operators—who hold the primary duty to provide greater transparency on the number of agency and authority demands issued to operators."

(BFW) Bouygues Rises; Raymond James Says Disposals Likely to Succeed

Bouygues Rises; Raymond James Says Disposals Likely to Succeed
2014-06-06 08:38:51.746 GMT


By Sam Chambers
     June 6 (Bloomberg) -- Bouygues is the best performer in the
CAC 40 today, up as much as 3.1%, as Raymond James upgrades
stock to outperform.
  * Raymond James: shrs aren’t pricing in the likelihood of
    Bouygues successfully selling its telco business to Orange
    and Alstom selling its energy business
    * Telco sale would likely be approved by regulators as
      unit is loss-making and French govt. favors a three
      operator mkt
    * With GE and Siemens having both offered to buy Alstom’s
      energy business, chance of no deal happening is low
    * Bouygues would likely use proceeds for special div.,
      bond repurchases and construction investment
  * June 4: Kepler Cheuvreux said Bouygues’s share price ignores
    risks associated with proposed deals
  * June 4: Reuters reported Orange hired banks to assess
    potential purchase of Bouygues Telecom
  * NOTE: Bouygues holds 29% stake in Alstom: Bloomberg data

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

To contact the reporter on this story:
Sam Chambers in London at +44-20-7673-2021 or
schambers7@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
James Cone