BN 12/19 11:15 *FACEBOOK OFFERING 27M SHRS, HOLDERS 42.995M SHRS
BFW 12/19 11:14 *FACEBOOK FILES AUTOMATIC STK SHELF FOR 70M CLASS A SHRS
BN 12/19 11:14 *FACEBOOK FILES AUTOMATIC SECURITIES SHELF
BFW 12/19 11:14 *FACEBOOK FILES AUTOMATIC STK SHELF FOR 70M CLASS A SHRS
BN 12/19 11:14 *FACEBOOK FILES AUTOMATIC SECURITIES SHELF
*FACEBOOK FILES AUTOMATIC STK SHELF FOR 70M CLASS A SHRS
2013-12-19 11:14:43.500 GMT
The Securities and Exchange Commission filing is accessible at:
{FB US Equity CF <GO>} (for the company's Edgar filings)
or
{FB US Equity CN <GO>} (for all company news)
-0- Dec/19/2013 11:14 GMT
2013-12-19 11:14:43.500 GMT
The Securities and Exchange Commission filing is accessible at:
{FB US Equity CF <GO>} (for the company's Edgar filings)
or
{FB US Equity CN <GO>} (for all company news)
-0- Dec/19/2013 11:14 GMT
+------------------------------------------------------------------------------+
Uralkali 3Q Rev. -19% Y/y to $856m; World Mkt at 58-60mt in ’14 2013-12-19 10:17:42.889 GMT
By Benjamin Dow and Yuliya Fedorinova Dec. 19 (Bloomberg) -- Net revenue for 3Q falls 21% y/y to $697m. * Average 3Q FCA export price $272/t falls 27% y/y; 3Q potassium chloride sales 2.6mt * 9-month sales volumes 6.9mt down 9% y/y; revenue $2.47b, net revenue down 27% y/y to $2.05b * Confirms 2014 global potash demand at 58mt-60mt * Sees strong Brazil demand in 2014; co. to continue focus on market share growth there * Says INR depreciation affected importers to India in 3Q; demand from farmers still “relatively moderate”; co. sees Indian potash imports at 3mt-3.2mt for 2013 * Chinese potash inventories seen falling to 3.5mt at end 2013 vs 4.9mt at end 2012 * “Very strong demand” seen in U.S. next year * Call 1pm U.K., webcast registration here * NOTE: Co. reported 9-month potassium chloride production 7.2mt on Oct. 3
Link to statement:NSN MY1TWL3HBS3L <GO>
For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>
To contact the reporters on this story: Benjamin Dow in Moscow at +7-495-771-7735 or bdow2@bloomberg.net; Yuliya Fedorinova in Moscow at +7-495-771-7707 or yfedorinova@bloomberg.net
To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net
Link to article in German {http://bit.ly/19zUGJQ}
Link to Google Translation : {http://bit.ly/1c3h4fa}
Telekom intensified austerity program for Europe
REUTERS
The future head of Deutsche Telekom, Tim Höttges, plans further cost and personnel-reduction programs. Job cuts are planned in the department of European leader Claudia Nemat.
Hamburg - In addition to recently become known plans, T-Systems cut jobs in the business customer segment, Höttges issued internally the objective to increase significantly in the future in the European Division efficiency. The experienced manager magazin online by several people familiar with the situation.
Höttges, who officially takes over as CEO earlier this year, but already its operations, and have also Europe-leader Claudia Nemat made the requirement to improve margins significantly, manager magazin learned online from the environment of the company. Already ongoing austerity measures such as cuts in marketing budgets, cooperation in purchasing or consolidations of functions within the department are now, therefore, be significantly tightened in 2014.
In addition, a stand "significant staff reductions" before, says the company. The topic of efficiency in European business was the subject of the last board meeting of Telekom, on 12 December took place.
Austerity measures in the national companies
A spokesman for Deutsche Telekom 
said that a comprehensive reduction program for the Europe Division was not planned. But in the individual country organizations it may well come at a cost-saving measures as "stop 2014, the pressure on operating results and margins" are. The met national companies of Telekom among others with "efficiency efforts - particularly with the reduction of indirect costs." The spokesman added: "At a cost savings may vary by country to administrative expenses and staff restructuring proceed as in the past the respective national society will provide information on concrete measures.".
said that a comprehensive reduction program for the Europe Division was not planned. But in the individual country organizations it may well come at a cost-saving measures as "stop 2014, the pressure on operating results and margins" are. The met national companies of Telekom among others with "efficiency efforts - particularly with the reduction of indirect costs." The spokesman added: "At a cost savings may vary by country to administrative expenses and staff restructuring proceed as in the past the respective national society will provide information on concrete measures.".This Höttges proposes to his office on a similar path as his predecessor René Obermann at its startup. The outgoing Telekom boss had promptly leave at the beginning of the CEO transition spin off 50,000 employees in service companies - and had set off to harsh confrontation with the unions.
Redundancies would be breaking a taboo
Such features in Bonn again from, since it was announced that Höttges around 6000 points in the business customer division T-Systems plans to cut and evidently also layoffs does not preclude - a taboo in Bonn.
The exact dimensions of the austerity measures at T-Systems T-Systems wants Höttges the Supervisory Board on 22 Inform of January. The division achieved in the last quarter, a margin of about 2.3 percent. Default is now, these heave to a level of about 6 percent, executives said.
Clean-up work will now be done in Europe resort. There currently are shrinking revenues and profitability. Thus, the earnings before interest, taxes, depreciation and amortization decreased (EBITDA) in the third quarter of 2013 by 10.6 percent compared to the previous year. The margin was 33.8 percent - a drop of 2.5 percentage points. For comparison, in Germany business this stood at 41.9 percent. Europe boss Nemat is intended to the internal margin targets have failed several times until the third quarter, according to Bonn. The top manager - as her portfolio - should thus be in the new year along with T-Systems under the special observation of the new CEOs Höttges.
Europe: Energy: Oil Services
Clear signs of deterioration emerging; remain Cautious
* Recent profit warnings highlight deteriorating outlook
We have seen four European oil service companies profit warn in the last
week, with Wood Group, Technip, PGS and CGG all lowering expectations
for 2013 or 2014. The common factors behind these announcements in our
view are offshore project delays (for Wood Group and the seismic
companies) and a reining in of spending by the major international oil
companies. In 2013, 11 of the 18 oil service companies under coverage
have profit warned, with six of these occurring in the last few months.
* This theme likely has legs, and capacity continues to build
We believe that the major oil companies will re-focus on capital discipline
as we move into 2014, and are not likely to expand E&P capex budgets. We
believe we will continue to see delays to more marginal offshore projects
where costs have risen, particularly following the Macondo oil spill in the
Gulf of Mexico. Into this more cautious demand environment, supply
continues to build across the offshore supply chain, with the potential to
put pressure on pricing and returns in a stagnant growth environment.
* What’s next? We downgrade TGS Nopec and Prosafe to Sell
We downgrade TGS Nopec to Sell from Neutral with a Nkr124 price target,
as we believe that higher competition and lower multi-client spend in 2014
will drive revenue lower. We are 10%/13% below consensus for 2014/15E
EPS. We downgrade Prosafe to Sell from Neutral as we see 53% new
capacity over the next three years putting pressure on pricing and
utilisation. We are 19%/31% below consensus for 2014/15E EPS.
* Remain Sell on TECF, upgrade CGG to Neutral, remove SUBC from Conviction List
We lower our price target and remain Sell rated on Technip, where the
stock does not look inexpensive on 2014 estimates even after the recent
underperformance, and returns no longer justify a premium multiple. We
remain skeptical on the 2015 Subsea margin rebound. We upgrade CGG to
Neutral from Sell following significant underperformance, although we
remain negative on the seismic space. We remove Subsea 7 from the
Conviction Buy List, although the stock remains Buy rated, as we believe it
could take some time for the market to give credit for the earnings given
the ongoing risk around Guara-Lula.
Bristol-Myers Squibb Co Guides initial FY14 $1.65-1.80 v $1.91e after sale of Diabetes Business
Additional Diabetes Business sale details
- The company expects to receive $3.4 billion in the first quarter of 2014, which includes $2.7 billion in an upfront payment and an additional $700 million assuming regulatory approvals of dapagliflozin. The transaction is expected to be accretive to non-GAAP EPS in the near-term and likely dilutive to non-GAAP EPS toward the latter part of the decade.
- The company expects to receive $3.4 billion in the first quarter of 2014, which includes $2.7 billion in an upfront payment and an additional $700 million assuming regulatory approvals of dapagliflozin. The transaction is expected to be accretive to non-GAAP EPS in the near-term and likely dilutive to non-GAAP EPS toward the latter part of the decade.
*ASTRAZENECA SEES TRANSACTION TO BE NEUTRAL TO CORE EPS IN '14
Rockhopper Exploration PLC Reports H1 Net loss $57.8M v loss $6.4M y/y; Rev nil
- Chairman: The recent farm in to some of Desire Petroleum plc's acreage will give added impetus to our exploration plans. The development of the Sea Lion field continues apace and the imminent conclusion of the feasibility work around the tension leg platform solution means that we will soon be in a position to compare it to the work already done on the FPSO alternative and decide on the preferred concept. On the capital gains tax liability, we have agreed in principle with the Falkland Islands Government ("FIG") as to the total liability on the basis that the tax due on the non cash element of the consideration is to be paid at the same time as the first royalty from Sea Lion. In each of the areas above, we hope to be able to provide you with a further update during the first quarter of 2014
US Market Closed higher on records level as FED trims asset purchases, forward guidance offset the immediate impact of a tapering annoucement, size of monthly asset purchases from $85b to $75b, rate will stay low for time...Budget has been voted...Financials & Biotech were leading moved of the market... VIX @ 13.80 -14.87%...US Market is now up for the month...AAPL was weak on China Mobile comments on ongoing negociations...AKSteel & Steelcase up after hours on +ve Guidance...ORCL unchanged in after hours following Earnings/guidance...Volume were disappointing on such a day @ 688mil shares...Most Asian Markets trading higher following US, Nikkei +1.74%...on Weaker JPY also...Shanghai Comp is little changed, as Shibor rates continue to ratchet higher with the PBoC on the sidelines now for more than 2w...Shanghai -0.94%
Eur$ 1.3680 S&P fut -0.25% European fut +1.10%
>>> Keep an eye on :
- ALGETA NO : Bayer Offers Algeta Shareholders NOK362/Shr in Cash (vs NOK336 before)
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- BAS GY : BASF Prepares Bid for RWE Dea as Deadline Nears, FAZ Says
- BAYN GY : Bayer Offers Algeta Shareholders NOK362/Shr in Cash (vs NOK336 before)
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- CSGN VX : Dutch Tax Authorities Claim ~EU300m From Credit Suisse, FD Says
- GFS LN : G4S Seen Barred From Significant U.K. Contracts: Sky
- JOY US : New President & CEO : Edward L. Doheny
- SDF GY : Hesse's new government wants the firm to reduce its pumping of waste water into the Werra river
- LONN VX : Comments on petition filed by Arch Chemicals with the US Dept of Commerce Seeks antidumping investigation into China calcium hypochlorite
- MBTN SW : Meyer Burger Sees FY Net Loss Widening to CHF170m-CHF190m
- MS IM : Mediaset considers spin-off for pay-tv operations in Italy and Spain
- NOVN VX : Novartis Starts Phase 3 Trial For Biosimilar of AbbVie Drug
- OPHR LN : Statoil may make offer of more than 450p/share - Daily Mail
- UG FP : France's Montebourg: Peugeot Family Will Have to Share Power
- RIGN VX : Transocean Cuts Est. 2014 Planned Out-of-Service Days by 36
- RWE GY : BASF Prepares Bid for RWE Dea as Deadline Nears, FAZ Says
- SAN FP : Sanofi, Regeneron in Pact With ACC on Alirocumab Phase 3 Trial
- SAN FP : France's National Agency of Drug Security may add paracetamol-based drugs to generics list
- SAP GY : SAP May Move After Oracle 2Q Tops Ests, 3Q Rev. Forecast in Line
- SAS SS : *SAS WON'T MEET TARGETS FOR 2014/2015 UNTIL YEAR LATER
- SRP LN : Serco Seen Barred From Significant U.K. Contracts: Sky
- STL NO : Could make offer for Ophir Energy @ 450p/share - daily Mail
- VER AV : Verbund Puts Two French Gas Plans Up for Sale, WiBlatt Says
- VOW3 GY : Audi Plans to Build Electric Sports Car, Handelsblatt Reports
- UHR VX / CFR VX : Switzerland Nov. Watch Exports Fell 0.5%
>>> Up
*LVMH RAISED TO BUY FROM HOLD AT BERENBERG; PT EU150
*ROSNEFT RAISED TO BUY VS NEUTRAL AT BOFAML
*TAURON POLSKA ENERGIA RAISED TO NEUTRAL VS SELL AT GOLDMAN
>>> Down
*ESSAR ENERGY CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
>>> PT Change
>>> Initiation
*MERLIN ENTERTAINMENTS RATED NEW NEUTRAL AT GOLDMAN, PT 380P
>>> Country Sector Stock Call
>> Sector
*EUROPEAN UTILITIES CUT TO UNDERWEIGHT AT CREDIT SUISSE
*EUROPEAN AUTOS CUT TO BENCHMARK AT CREDIT SUISSE