(BFW) Club Med to Allow Counsels of Investindustrial Access to Data

Club Med to Allow Counsels of Investindustrial Access to Data
2014-06-02 16:47:59.654 GMT


By Jim Silver
     June 2 (Bloomberg) -- Club Med grants access to the data
room that was made available to Adrian, Fosun, co. says.
  * Decision isn’t equivalent to an opinion on a potential
    Investindustrial bid, co. says
  * NOTE: May 27, Club Med Hits 5-Year High as Bonomi Funds May
    Make Rival Bid; May 26, Investindustrial Considers Possible
    Tender Offer for Club Med

Link to Statement:NSN N6JVG0MEQTXC <GO>
Link to Company News:CU FP <Equity> CN <GO>
Link to Company News:PEF2857 IM <Equity> CN <GO>
Link to Company News:656 HK <Equity> CN <GO>
Link to Company News:4622604Z FP <Equity> CN <GO>
Link to Company News:300808Z IM <Equity> CN <GO>

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

To contact the editor responsible for this story:
Jim Silver at +1-212-617-7342 or
jsilver@bloomberg.net

>>> Apple: WWDC quick preview

Apple: WWDC quick preview
  • AAPL is set to present at the annual World Wide Developers Conference today. We will be covering this event. AAPL CEO Tim Cook is set to be the keynote speaker beginning at 13:00. This is typically a software related event, where the company is set to introduce updates to its mobile and desktop operating systems. There are also reports indicating that the company may introduce a health tracking application. (see NYTimes story {http://nyti.ms/1gYDgMq}). Finally, with the recent acquisition of Beats confirmed, there may be additional commentary on that topic.
  • Hardware Updates?: Hardware updates are not likely at this event, but that will not stop the speculation especially following recent comments from CEO Tim Cook that the company plans to expand AAPL products and services into additional categories.
  • Stock Action: AAPL shares are higher by 21% since reporting earnings on April 23rd and confirming a 7:1 stock split that will go into effect on June 9th. Typically, AAPL events are accompanied by a 'sell the news' reaction by traders shortly after the event. The stock is trading at a key resistance level which stands near the $635 level (2012 high).

(BFW) France Should Correct Excessive Deficit by 2015: EU Commission

BFW 06/02 13:52 *ITALY NEEDS ‘CREDIBLE IMPLEMENTATION’ OF STRUCTURAL REFORMS: EU
BFW 06/02 13:49 *EU SAYS FRANCE SHOULD CORRECT EXCESSIVE DEFICIT BY 2015
 BN 06/02 13:49 *EUROPEAN COMMISSION ISSUES STATEMENT ON FRANCE, ITALY
 BN 06/02 13:48 *ITALY NEEDS `CREDIBLE IMPLEMENTATION' OF STRUCTURAL REFORMS: EU
 BN 06/02 13:48 *EU SAYS FRANCE SHOULD CORRECT EXCESSIVE DEFICIT BY 2015
France Should Correct Excessive Deficit by 2015: EU Commission
2014-06-02 13:52:13.372 GMT


By Ian Wishart
     June 2 (Bloomberg) -- The European Commission, the European
Union’s executive arm, says the French government should correct
its excessive deficit by next year.
  * France should “reinforce the budgetary strategy, including
    by further specifying the underlying measures, for the year
    2014 and beyond to ensure the correction of the excessive
    deficit in a sustainable manner by 2015 through achieving
    the structural adjustment effort specified in the Council
    recommendation under the Excessive Deficit Procedure,” the
    commission says in a stateent.
  * “A durable correction of the fiscal imbalances requires a
    credible implementation of ambitious structural reforms to
    increase the adjustment capacity and boost growth and
    employment”: commission

Link to Company News:{0629846D BB <Equity> CN <GO>}

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

To contact the reporter on this story:
Ian Wishart in Brussels at +32-2-237-4344 or
iwishart@bloomberg.net

To contact the editor responsible for this story:
Patrick Henry at +32-2-237-4328 or
phenry8@bloomberg.net

WSJ : EPA Says Climate-Change Rule to Cost Up to $8.8 Billion Annually

EPA Says Climate-Change Rule to Cost Up to $8.8 Billion Annually
EPA Sees Benefits of Proposed Rule to Control Carbon Emissions From Power Plants of $55 Billion to $93 Billion

*EPA Releases Power Plant Proposal to Cut Power Carbon Emissions 30%

*EPA Plans Is Based on 2005 Emissions Level, States must comply by 2030

*Rule Targets Carbon Dioxide Emissions by Coal-Fired Power Plants

*EPA: Rule Would Cost Up to $8.8 billion Annually, Provide Up to $93 Billion in Climate, Health Benefits

*Agency Estimates Electricity bills Would shrink by 8%

*Rule to be Completed Next June, Implemented in 2016

(More to come.)

*EPA Proposal Applies to Existing Power Plants, Is Cornerstone of Obama Climate Change Agenda

WASHINGTON—The Environmental Protection Agency estimates that its proposed rule controlling carbon emissions from the nation's power plants will cost between $7.3 billion and $8.8 billion, according to two people briefed on the proposal.

EPA estimates that the benefits of the rule would be between $55 billion and $93 billion a year in part because the rule will also cut traditional air pollution such as sulfur dioxide 25%, saving money in health care and related costs. In addition, EPA estimates the draft rule would avoid up to 6,600 premature deaths a year and up to 150,000 asthma attacks, according to these people.


EPA to Seek 30% Cut in Emissions at Power Plants
Five Things to Watch For With EPA's Climate Rule
Q&A: What Will EPA's Climate-Change Rule Do?
Climate Change Is Harming Economy, Report Says
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Critics of EPA are already contesting the rule's costs and benefits. The U.S. Chamber of Commerce released a report last week predicting it would cost the economy $50 billion and 224,200 jobs each year. The report prompted a top EPA spokesman to respond with a blog post the same day.

"The U.S. Chamber of Commerce released a report that makes unfounded assumptions about the EPA's upcoming proposal for commonsense standards to cut the harmful carbon pollution from power plants," wrote Tom Reynolds, EPA associate administrator for external affairs and environmental education.

The Wall Street Journal reported on Sunday that the rule, which EPA Administrator Gina McCarthy is announcing Monday morning, will propose mandating power plants cut U.S. carbon-dioxide emissions 30% by 2030 from levels of 25 years earlier, according to people briefed on the rule, an ambitious target that marks the first-ever attempt at limiting such pollution.

The rule, the cornerstone of President Barack Obama's climate agenda, would affect hundreds of fossil-fuel power plants, hitting the nation's roughly 600 coal-fired plants the hardest. The carbon framework seeks to strike a balance between what environmentalists want—an ambitious overall target—with what the utility industry wants—flexibility, a long compliance timeline and an earlier base-year calculation from which to meet the goal. Carbon emissions have dropped since 2005, making the overall reduction smaller when compared with recent years.