(NYT) What’s He Really Like? Check the Lulu App...Girls..Worth Reading

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What’s He Really Like? Check the Lulu App

Not long ago, after Alexandra Amin, an assistant at Warner Brothers, broke up with an agent she had been dating for a year, her friend told her about a new, free, female-friendly social networking app that lets women anonymously review men who are their Facebook friends. . “She was like, ‘He’s so crazy, you should rate him on Lulu,’ ” said Ms. Amin, 29, who lives in Los Angeles. Ms. Amin gave the ex hashtags including #NeverSleepsOver and #FriendZone. He scored a 6.9 out of 10, which, she admitted, was “lower than he actually deserves.”

On Lulu, women can rate men in categories — ex-boyfriend, crush, together, hooked-up, friend or relative — with a multiple-choice quiz. Women, their gender verified by their Facebook logins, add pink hashtags to a man’s profile ranging from the good (#KinkyInTheRightWays) to the bad (#NeverSleepsOver) to the ugly (#PornEducated). The hashtags are used to calculate a score generated by Lulu, ranging from 1 to 10, that appears under the man’s profile picture. (The company’s spokeswoman declined to explain the ratings algorithm.) Men can add hashtags, which appear in blue, but these are not factored into their overall score.

Since it was started last year by Alexandra Chong, who has a law degree from the London School of Economics, the service has provided a sort of “Take Back the Internet” moment for young women who have come of age in an era of revenge porn and anonymous, possibly ominous suitors. “The thing that drew me to Lulu was that dating without a reference is the scariest thing you can do,” said Erin Foster, 31, an actress and writer. “Meeting someone out in the world when you’re not in school or don’t work with each other or have mutual friends — you have no idea what you’re getting yourself into.”

Ms. Chong, 32, a former member of the Jamaica Fed Cup tennis team, is now relocating Lulu from London to New York, where she said the audience for her app had grown 600 percent in the last six months, according to the analytics provider Mixpanel. “The trendsetting capital for women is New York and that’s where we need to be,” she said recently.

Sewell Robinson, 24, who lives in the East Village and works for an advertising agency, estimated that 70 percent of her female friends use Lulu; she has reviewed 10 men on the app, some generously. “I have written a few reviews to promote guy friends,” Ms. Robinson said. “If a random girl meets them in a bar and is somewhat interested, I want them to have a good rep on Lulu.”

But she has also panned men, in a sisterly spirit. “I think sometimes girls feel like they don’t have that much power in the hookup world,” Ms. Robinson said, “but this gives them something to bond over, and you can give advice to a girl you’ve never met before.” Appropriately enough, the app was introduced in sororities, which representatives of the company continue to visit. “Sororities are an established network of girls who are talking about relationships, and word spreads very quickly,” Ms. Chong said. “We changed the product a lot with their help.” (She said that a quarter of all college women now use Lulu, according to Mixpanel.)

Ms. Chong herself never belonged to a sorority; she attended Florida International University on a tennis scholarship and after law school worked for Upstream, a large mobile marketing firm. She credited her entrepreneurialism in part to her Canadian mother, whose family helped start the Calgary Stampede, the summer rodeo, and her Chinese-Jamaican father, who she said was born poor but won a lottery and used the windfall to start a tourism company.

She got the idea for Lulu during a boozy brunch with female friends the day after an awkward Valentine’s Day setup. “We were all sharing stories about guys, relationships and sex,” Ms. Chong said. “There were tears and laughter.” She concluded that women needed a focused search engine for dating — a “Guygle.”

“When you Google a guy, you don’t want to know if he voted Republican or what he wrote a paper about in college,” Ms. Chong said. “You want to know if mothers like him. Does he have good manners? Is he sweet?”

Ms. Chong founded Lulu with a friend, Alison Schwartz, a former assistant to the literary agent Amanda Urban, known as Binky. Last February, they secured $2.5 million in financing from people including Yuri Milner, an early investor in Facebook, and Hosain Rahman, a founder of Jawbone.

Ms. Schwartz, 35, is Lulu’s editorial director. She said she drew from Cosmopolitan and Glamour magazines to come up with the app’s supportive voice. “Our goal was always to sound like how young women talk to their own friends,” she said. They currently employ about 30 people and have signed an eight-year lease for a 5,500-square-foot raw space in Chelsea, where they plan to move the company early next year. Ms. Chong no longer has need to be an active Lulu user; she is shopping for apartments downtown with her boyfriend, Jack Brockway, 33, a photographer who is the nephew of Sir Richard Branson, the Virgin Group founder, and the brother of Ned Rocknroll, Kate Winslet’s new husband. Ms. Chong and Mr. Brockway met last spring on Maui at a kite-surfing and networking event where she was giving a lecture and he was shooting a promotional video. They had a brief make-out session and went their separate ways. A week later, they met again, this time at Mr. Branson’s Necker Island in the Caribbean, and had another night of passion. The next day, Mr. Brockway sat in on another of Ms. Chong’s Lulu lectures, unaware of her plan to demonstrate her app by reviewing him in front of his friends and family members. “People thought she was teasing,” Mr. Brockway said, flashing his #EpicSmile and rubbing his #ThreeDayStubble during a recent dinner party in SoHo attended by friends including Alexandra Wilkis Wilson, a founder of Gilt Groupe, and Princess Eugenie of York. Mr. Brockway has since gotten several more reviews (#DudeCanCook), none quite as glowing as the one written by his girlfriend, but he nonetheless has an exceptionally high 9.8 ranking. “There’s nothing I can do about it except be the best person I can be,” he said, adding: “It inspires guys to be good and treat girls the way they should be treated. Like angels.” Not all men are so magnanimous about their presence on Lulu, of course. Last summer, Neel Shah, a comedy writer, was at a bar in Los Angeles on a date with a woman who pulled up his profile. “She started reading me these negative hashtags and I was like, ‘Uh, this is awkward,’ ” said Mr. Shah, 30, whose profile has been viewed 448 times and “favorite” eight times for an average score of 6.7. His hashtags include #TallDarkAndHandsome and #CleansUpGood, along with the less flattering #TemperTantrums and #WanderingEye. “One of the comments was, ‘laughing at his jokes may take some effort,’ which I certainly thought was subjective,” Mr. Shah said. “I feel like if you’re using an app like Lulu, you’re probably not interested in nuanced analysis.” Still, Lulu has received over 500,000 requests from men to be put up for feedback. Apparently many believe it’s better to have been badly reviewed than never to have been reviewed. Some guys have even taken to Twitter to brag about their score or campaign for better reviews. Receiving a score of 6.5, one Mike Isaac tweeted gamely: “I can only assume this is on a scale of 1 to 5.” Eric Morgan, a real estate broker who lives in Brooklyn, was relieved to find out from a female friend that he has a 7.6 score with three reviews and hashtags referring to his one-track mind and “amazing” smell. “I would say that at a particular time I may have had a one-track mind and at a particular moment I may have smelled really good, but they just caught me in that moment,” said Mr. Morgan, 36. “Someone else could say the exact opposite, but I’m not complaining.” Men who do find reason for complaint can pile on the blue hashtags, or have their profile removed by request to the company. But Ms. Chong has the grand hope that Lulu will accomplish what generations of women have not been able to do: change the opposite sex. “There’s an element of behavior modification that we’re hearing and seeing,” she said. “When we do sessions at colleges, we ask guys, ‘Have any of you changed since Lulu launched?’ Hands go up.” For Ms. Amin of Los Angeles, though, the satisfaction is more immediate. Since her initial experience with Lulu she has rated three other guys on Lulu, including one who proposed to her on their first date. (#WantsBebes, #ObsessedWithHisMom). “It’s just this gratifying thing that you know you can do,” she said. “You have no control of whether a guy is great or a jerk and at the end of the experience, even if no one reads it, you feel like you have gotten back at the guy. You have taken a bit of control.”

(BFW) Moncler Shares Admitted to Trading on Milan Exchange, Borsa Says

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BN 11/22 14:25 *ITALIAN EXCHANGE TO SET MONCLER DEBUT DATE AT LATER STAGE BN 11/22 14:23 *BORSA ITALIANA COMMENTS ON MONCLER LISTING ON WEBSITE BN 11/22 14:22 *MONCLER SHARES ADMITTED TO TRADING ON MILAN EXCHANGE: BORSA

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Moncler Shares Admitted to Trading on Milan Exchange, Borsa Says 2013-11-22 14:30:43.600 GMT

By Marco Bertacche and Francesca Cinelli Nov. 22 (Bloomberg) -- Borsa Italiana comments on Moncler listing on website. * Italian Exchange to set Moncler debut date at later stage * NOTE from Nov. 7: Moncler Said to Start Presentations Next Week for Italy IPO {NSN MVWM4E1A1I4H <go>}

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To contact the editor responsible for this story: Marco Bertacche at +39-02-8064-4233 or mbertacche@bloomberg.net

>>>> Intel down 3% in premarket after guiding FY14 rev below expectations, gross

Intel down 3% in premarket after guiding FY14 rev below expectations, gross margin ~in-line at Investor Day

INTC is down 3% in the premarket following it Investor Meeting where co guided for FY14 revenue flat YoY (consensus calls for FY14 rev +1.7% to $53.5 bln from $52.6 bln in FY13); with gross margin at midpoint of long term range of 55-65% (consensus ~60%); operating income flat YoY with spending as a % of rev flat. Co said the PC market is stabilizing. See 6:20 and &:42 comments for FBR Captial and Mizuho's takeways.

>>> US Gapping down

Gapping down

In reaction to disappointing earnings/guidance: VMEM -46%, DLIA -22%, TFM -14.3%, LNDC -11.3%, ROST -7.5%, TXTR -3.4%, MENT -2.3%, ANN -2.1%, GPS -0.9%.

Select names showing weakness following offerings: RITT -15.4% ( prices public offerring of ordinary shares and warrants), NAT -11% (announced public offering of ~$65 mln of common shares; CEO expected to purchase ~$2 mln worth of common shares), NTLS -2.9% (announced secondary offering of 1.5 mln shares of common stock by investment funds affiliated with Quadrangle Capital Partners), NLSN -1.7% (announced 30 mln share secondary common stock offering), NHI -0.9% (prices 4.5 mln shares of common stock at $57.00 per share).

Other news: AMRN -15.6% (Co disclosed that it received notification from FDA that it has not accepted for review, on procedural grounds Amarin's appeal for Vascepa review), INTC -2.6% (still checking, could be related to comments from analyst meeting), CLF -1.8% (attributed to peer X dg), TJX -1.5% (in sympathy with peer ROST earnings), .

Analyst comments: MU -0.7% (downgraded to Neutral from Buy at BofA/Merrill), TGT -0.8% (downgraded to Underperform from Neutral at BofA/Merrill), ANF -0.9% (downgraded to Market Perform from Outperform at Wells Fargo), X -1.3% (downgraded to Underperform from Market Perform at Wells Fargo), TTWO -1.7% (downgraded to Market Perform from Outperform at Cowen).

>>> US Gapping up

Gapping up

In reaction to strong earnings/guidance: LRAD +15.2%, ARUN +12.2%, SPLK +11.4%, MRVL +4%, FL +3.9%, ADSK +3.3%, TNP +3.1%, BERY +2.6%, P +2.1%, SIRO +1.9%.

M&A news: TWC +4.7% (Charter Communications (CHTR) is nearing funding deal for TWC bid, according to reports).

Select 3D Pritnter names showing strength: VJET +8.3%, ONVO +5%, XONE +3.9%, DDD +2.3%, SSYS +2.1%.

Other news: PVG +24.6% (reports Bulk Sample surpasses target of 4,000 ounces of gold; processing continues), USU +21.5% (higher by ~10% in after hours trading; co earlier disclosed it received additional government obligated funds of $15.7 mln), POZN +16.2% (announced special cash distribution of $1.75 per share), BIIB +9.5% (attributed to European CHMP updating its opinion on tecfidera as a qualified as a new active substance), LDK +5% (announced onshore financing arrangement for RMB 1.56 bln), HSOL +2% (supplies 12.9 MW of modules to Portugal), NVS +1.9% (announces $5 bln share buyback), NKE +0.8% (increased quarterly dividend 14% to $0.24 from $0.21 per share).

Analyst comments: PAY +3.3% (upgraded to Buy from Hold at Jefferies), SIMO +2.5% (initiated with a Buy at BofA/Merrill), UAL +2.4% (upgraded to Buy from Neutral at Goldman), ZLTQ +2.4% (initiated with a Buy at Cantor Fitzgerald), GME +1.7% (upgraded to Buy at Needham), YUM +1.2% (upgraded to Buy from Hold at Deutsche Bank).

(BFW) Royal Mail May Replace Vedanta in FTSE Reshuffle, SocGen Says

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Royal Mail May Replace Vedanta in FTSE Reshuffle, SocGen Says 2013-11-22 13:39:36.216 GMT

By Roger Neill Nov. 22 (Bloomberg) -- Royal Mail may replace Vedanta Resources in FTSE 100 based on Nov. 21 prices, SocGen’s John Carson writes. * Taylor Wimpey, Merlin Entertainment are next closest FTSE 100 adds. (Currently MERL LN should join 250/All-Share): SocGen * Additional FTSE 100 replacements more likely to be prompted by the next closest deletes; Croda, William Hill: SG * NOTE: Next FTSE UK review will be quarterly process, announced Dec. 11, effective Dec. 20 based on Dec. 10 prices: SG Link to Company News:{TW/ LN <Equity> CN <GO>} Link to Company News:{RMG LN <Equity> CN <GO>} Link to Company News:{MERL LN <Equity> CN <GO>} Link to Company News:{VED LN <Equity> CN <GO>} Link to Company News:{CRDA LN <Equity> CN <GO>} Link to Company News:{WMH LN <Equity> CN <GO>}

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To contact the reporter on this story: Roger Neill in London at +44-20-7673-2867 or rneill3@bloomberg.net

To contact the editor responsible for this story: Gaurav Panchal at +44-20-7392-0511 or gpanchal2@bloomberg.net

(BFW) Gilead’s Hepatitis C Drug Sofosbuvir Gets EMA Positive Opinion

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Gilead’s Hepatitis C Drug Sofosbuvir Gets EMA Positive Opinion 2013-11-22 13:35:03.844 GMT

By Sheela Sharma Nov. 22 (Bloomberg) -- Gilead’s Sovaldi (sofosbuvir, GS-7977) for treatment of hepatitis C (HCV) gets a positive recommendation. * NOTE: MAA application was for use in an interferon-free regimen with ribavirin in hepatitis C genotype 2 and 3 treatment naive patients, interferon intolerant and experienced patients, and for combination with peg- interferon and ribavirin in hepatitis genotype 1, 4, 5 and 6 treatment naive patients * NOTE: Got EMA recommendation for use as part of a compassionate-use program for treatment of adults with hepatitis C on Oct. 25 * NOTE: Oct. 25, won FDA panel vote for treatment in combination with ribavirin to treat hepatitis C genotypes 1, 2, 3 and 4; Pdufa date Dec. 8

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To contact the reporter on this story: Sheela Sharma in London at +44-20-7392-0395 or ssharma145@bloomberg.net

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FT : Global report piles pressure on tax haven Luxembourg

Luxembourg has failed to live up to international standards on transparency, according to an authoritative global assessment that is set to pile more pressure on to a shrinking number of tax havens. Cyprus, the British Virgin Islands and the Seychelles were also branded non-compliant by an international team of assessors examining the practical obstacles faced by countries seeking to track down tax cheats.

The findings, unveiled at a meeting of more than 80 countries in Jakarta, are expected to put pressure on laggards to announce further reforms. The ratings are an embarrassing setback for the financial centres and could expose them to a risk of blacklisting by tax authorities and development banks. The four countries were found to have sufficiently robust legislation to meet international standards on transparency but they have done too little to put it into practice. Switzerland was one of 14 countries that lagged even further behind because of shortcomings in its laws and regulations. Other countries falling short included Botswana, Brunei, Nauru, Panama, United Arab Emirates, Liberia and Vanuatu. Two other countries – Austria and Turkey – were deemed partly non-compliant under the system of peer reviews set up by the global forum on transparency. This group of 121 countries, organised by the Paris-based Organisation for Economic Co-operation, is driving the crackdown on secrecy launched by the G20 group of leading countries in an effort to boost tax collection in the wake of the financial crisis four years ago. Luxembourg’s appearance on a list of non-compliant countries is a blow for a jurisdiction that announced plans to ease its bank secrecy rules in April after coming under heavy pressure from other EU countries, particularly Germany, over the opacity of its €3tn-plus financial sector. The review criticised the Grand Duchy for not using its information gathering and enforcement powers to obtain requested information “in all instances”.

The British Virgin Islands, home to 850,000 offshore companies and the centre of an evasion scandal sparked by leaked data this year, was marked down because “in a significant proportion of cases the responses to exchange of information requests were incomplete”. The BVI said the “non-compliant” rating – which was based on historical data taken from June 2009 to July 2012 – “misses the mark” as it did not accurately reflect changes in its practices introduced in mid-2012. The classification of Cyprus as non-compliant comes after controversy over its role in facilitating evasion that was highlighted during bailout talks concerning its banking crisis earlier this year. The Seychelles has also acquired a reputation for opacity following a rapid growth in its registration of offshore companies in recent years. Many financial centres, including the US and UK, were deemed largely but not fully compliant. Fewer than half the countries reviewed met the required standards on providing ownership information. The push for greater transparency was kicked off in 2009 when a requirement to exchange tax information on request started to prise open secretive jurisdictions. The transparency drive is set to move up a gear after the G20 declared in September that it expected countries to agree to automatic exchange of information.