(BFW) *COLONIAL GOT NON-BINDING BID FOR SFL STAKE, CEO VINOLAS SAYS

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BN 01/21 12:18 *COLONIAL SAYS BID FOR STAKE IS SUBJECT TO CONDITIONS BN 01/21 12:16 *COLONIAL GOT NON-BINDING BID FOR SFL STAKE, CEO VINOLAS SAYS

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*COLONIAL GOT NON-BINDING BID FOR SFL STAKE, CEO VINOLAS SAYS 2014-01-21 12:16:56.302 GMT

--NADINE SKOCZYLAS

-0- Jan/21/2014 12:16 GMT

>>> Halliburton beats by $0.04, beats on revs -->+1.11% Pre MArket

Halliburton beats by $0.04, beats on revs

Reports Q4 (Dec) earnings of $0.93 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.89; revenues rose 4.8% year/year to $7.64 bln vs the $7.56 bln consensus; adjusted operating income was up 2% sequentially, driven by record revenue in our Middle East/Asia and Europe/Africa/CIS regions.

Completion and Production (C&P) revenue in the fourth quarter of 2013 was $4.5 billion, an increase of $41 million, or 1%, from the third quarter of 2013. This increase was primarily driven by stronger activity and year-end completion tool and equipment sales in our international operations, which more than offset seasonally lower activity in North America. C&P operating income in the fourth quarter of 2013 was $765 million, relatively flat from the third quarter of 2013. Excluding the restructuring charges, C&P operating income decreased $28 million, or 3%, compared to the third quarter of 2013.

Drilling and Evaluation (D&E) revenue in the fourth quarter of 2013 was $3.1 billion, an increase of $126 million, or 4%, from the third quarter of 2013. This increase was primarily driven by year-end software sales in all regions and higher activity in the Eastern Hemisphere, which more than offset the North America activity decline. D&E operating income in the fourth quarter of 2013 was $498 million, an increase of $48 million, or 11%, from the third quarter of 2013. Adjusted for the restructuring charges, D&E operating income increased $45 million, or 10%, sequentially.

"For the full year, Eastern Hemisphere had industry-leading revenue growth, increasing 17% year-over-year, with a 23% increase in adjusted operating income. In 2014, we expect low double-digit year-over-year growth in Eastern Hemisphere revenue, with quarterly margins consistently higher each quarter on a year-over-year basis, approaching 20% by year-end and averaging in the upper teens.

"Latin America continues to be a challenging market. Fourth quarter revenue and operating income were essentially flat compared to the third quarter. Higher year-end software sales, increased cementing activity, and the recognition of a value added tax refund receivable in Brazil offset a decline in integrated project activity in Mexico.

"In North America, fourth quarter revenue and adjusted operating income declined sequentially 1% and 6%, respectively, impacted by seasonal activity disruptions related to weather and holidays. For the full year, we expect the average United States land rig count to modestly increase in 2014, and anticipate mid-single digit growth in North America revenue, driven by increased horizontal service intensity related to drilling efficiency, increased usage of pad drilling, and increasing activity levels in the Gulf of Mexico. We remain committed to our goal of a 200 basis point improvement in North America margins in 2014.

(BFW) Teva to Buy NuPathe for $3.65/Shr; Endo/NuPathe Pact Terminated

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Teva to Buy NuPathe for $3.65/Shr; Endo/NuPathe Pact Terminated 2014-01-21 12:03:09.756 GMT

By Joanna Ossinger Jan. 21 (Bloomberg) -- Teva to buy NuPathe for $3.65/shr cash vs PATH closing price $4.38 on Fri.; Endo receives $5m termination fee. * NOTE: Jan. 8, Teva Seeks to Outbid Endo With $150 Million NuPathe Offer {NSN MZ3PES6S972E <go>} * PATH halted for news Statements: {NSN MZR2O0MEQTYA <go>}, {NSN MZR2PQ3MMTC0 <go>}

Link to Company News:{PATH US <Equity> CN <GO>} Link to Company News:{TEVA IT <Equity> CN <GO>} Link to Company News:{ENDP US <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: Joanna Ossinger at +1-212-617-7789 or jossinger@bloomberg.net

>>> Astronics Corp Astronics to Acquire EADS North America Test and Services Div

Astronics Corp Astronics to Acquire EADS North America Test and Services Division for $53M in cash
- Astronics has entered into a definitive agreement to acquire substantially all of the assets and liabilities of EADS North America's Test and Services division (EADS T&S) for approximately $53 million in cash plus a net working capital adjustment. The agreement is expected to close in February, subject to normal closing requirements including Hart-Scott-Rodino approval. Upon closing, EADS T&S will be reported in Astronics' Test Systems segment.has entered into a definitive agreement to acquire substantially all of the assets and liabilities of EADS North America's Test and Services division (EADS T&S) for approximately $53 million in cash plus a net working capital adjustment. The agreement is expected to close in February, subject to normal closing requirements including Hart-Scott-Rodino approval. Upon closing, EADS T&S will be reported in Astronics' Test Systems segment.
- EADS T&S had 2013 sales of approximately $70 million. Sales for 2014 for the business are expected to be approximately $100 million.

>>> US Early premarket gappers

Early premarket gappers

Gapping up: YRCW +15%, CTIC +9.9%, BBRY +6.3%, PSTI +6.1%, CYTR +5.8%, GOLD +5.3%, UL +4.7%, SSN +4.6%, UN +4.6%, TMUS +3%, BUD +2.8%, ABX +2.8%, GG +2.1%, AU +2.1%, AZN +2%, TS +1.9%, ASML +1.7%, AFFX +1.5%, EDU +1.2%, NUS +1.1%, SDRL +0.9%, RDS.A +0.8%, TOT +0.7%, ACT +0.6%, AMZN +0.6%, MA +0.4%, IBM +0.4%

Gapping down: AMRN -20.7%, OSBC -7.3%, BIOL -5.6%, AGU -3.1%, DB -2.9%, PRTA -2.3%, RIO -2.3%, XLRN -1.7%, VALE -1.4%, SAP -1.1%, MW -0.9%

>>> GS on BKW & SBUX

Burger King : Goldman Sachs Adds to Conviction Buy List, reiterates Buy rating
Starbucks : Goldman Sachs Removes from Conviction Buy List, reiterates Buy rating

I haven't see anyhting on MCD...

>>> Baker Hughes beats by $0.01, beats on revs

Baker Hughes beats by $0.01, beats on revs

Reports Q4 (Dec) earnings of $0.62 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus Estimate of $0.61; revenues rose 10.0% year/year to $5.86 bln vs the $5.66 bln consensus. Q4 results excludes after-tax severance charges of $29 mln ($0.06 per diluted share), but includes after-tax losses of $79 mln ($0.18 per diluted share) in Iraq. The losses in Iraq are primarily related to the significant disruption of operations previously announced during the quarter, expenses associated with personnel movements and security measures, and other nonrecurring items.

Cash
Cash increased by $31 mln to $1.40 bln as of December 31, 2013, compared to $1.37 bln at September 30, 2013. Compared to December 31, 2012, cash increased by $384 mln. Debt decreased by $194 mln to $4.38 bln compared to September 30, 2013 and decreased by $535 mln compared to December 31, 2012.

Capex
Capital expenditures were $533 mln, depreciation and amortization expense was $436 mln and dividend payments were $67 mln in the fourth quarter of 2013. For the year 2013, capital expenditures were $2.1 bln, which is down $825 mln or 28% compared to the year 2012. Depreciation and amortization expense for the year 2013 was $1.70 bln, and dividend payments were $267 mln.

Outlook/commentary:
"Looking forward, we project increased activity in all of our operational segments in 2014, led by 10% rig count growth in international markets and 5% well count growth in the U.S. By increasing the pace of innovation, we are delivering new products and unique solutions that are helping our customers meet their drilling and production challenges."

>>> ArcelorMittal Extends conversion date on $1.0B of convertible bonds; amends

ArcelorMittal Extends conversion date on $1.0B of convertible bonds; amends credit agreement
- Extends the $1bn privately placed mandatory convertible bond (MCB) issued on 28 December 2009 by one of its wholly-owned Luxembourg subsidiaries. This amendment to the MCB, which is mandatorily convertible into preferred shares of such subsidiary, was executed on 16 January 2014. The mandatory conversion date of the bond has been extended to 29 January 2016. The other main features of the MCB remain unchanged. The bond was placed privately with a Luxembourg affiliate of Credit Agricole Corporate and Investment Bank and is not listed.
- The subsidiary has simultaneously executed amendments providing for the extension of the outstanding notes into which it invested the proceeds of the bond issuance, which are linked to shares of the listed companies Eregli Demir Va Celik Fab. T. AS of Turkey and China Oriental, both of which are held by ArcelorMittal subsidiaries.

Amendment to credit agreement
- It reduced its syndicated revolving credit facility originally entered into in March 2011, which may be utilized for general corporate purposes and which matures in 2016, from $6bn to $3.6bn. It also reduced its syndicated revolving credit facility originally entered into in May 2010, which may be utilized for general corporate purposes, from $4bn to $2.4bn, and it extended the maturity date of that facility to 6 November 2018.