>>> Fed's Lockhart (moderate, FOMC non-voter): Possibility of tapering should be

Fed's Lockhart (moderate, FOMC non-voter): Possibility of tapering should be on the table at the December FOMC meeting, as well as Jan and March meetings - CNBC - US economy is growing at a slow pace, growth rate should pick up in 2014. Taper will begin when the economy and the markets are ready. - Exit to be manageable when the time comes - Fed balance sheet not in the 'danger zone' - To remain accomodative

>>> US Early premarket gappers

Early premarket gappers

Gapping up: POZN +22.5%, USU +13.7%, LRAD +12.4%, ARUN +11.6%, SPLK +11%, LDK +9.4%, MRVL +6.2%, FL +4.6%, ADSK +3.3%, GPS +1.8%, SNTA +1.2%, NKE +0.6%, CERE +0.6%

Gapping down: VMEM -39.2%, DLIA -21.3%, TFM -13.7%, LNDC -11.3%, NAT -11%, ROST -7.2%, NTLS -2.5%, NLSN -2.3%, MENT -2.3%, P -2.3%, TXTR -1%

(BFW) *ORANGE SAYS DOMINICAN UNIT’S PRICE ‘WELL ABOVE’ EU1B

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BN 11/22 12:00 *ORANGE SAYS DOMINICAN UNIT'S PRICE `WELL ABOVE' EU1B

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*ORANGE SAYS DOMINICAN UNIT’S PRICE ‘WELL ABOVE’ EU1B 2013-11-22 12:00:53.356 GMT

--JAMES LUDDEN

-0- Nov/22/2013 12:00 GMT

(BFW) Iliad’s Niel Says He Aims to Halve 4G Market Prices: Tribune

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BN 11/22 11:12 *ILIAD'S NIEL SAYS HE AIMS TO HALVE 4G MARKET PRICES: TRIBUNE

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Iliad’s Niel Says He Aims to Halve 4G Market Prices: Tribune 2013-11-22 11:13:46.70 GMT

By David Whitehouse Nov. 22 (Bloomberg) -- Niel tells La Tribune in an interview he’s waiting to allow other operators to raise their prices before entering the 4G market with the aim of halving them. Link to Company News:{ILD FP <Equity> CN <GO>} Link to Company News:{NUM FP <Equity> CN <GO>} Link to Company News:{VIV FP <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: David Whitehouse at +33-1-5365-5059 or dwhitehouse1@bloomberg.net

(BFW) Liberty Global Bid for ITV ’Very Possible:’ Panmure’s DeGroote

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Liberty Global Bid for ITV ’Very Possible:’ Panmure’s DeGroote 2013-11-22 09:36:30.788 GMT

By Blanche Gatt Nov. 22 (Bloomberg) -- Any bid for ITV would have to be ~300p to have any chance of success, Alex DeGroote, analyst at Panmure Gordon says in telephone interview. * That’s ~50% premium, DeGroote says * NOTE yday: WSJ says ITV could become M&A target for Liberty Global in move to expand into content production * DeGroote says ITV is “attractive and scarce asset,” bid from Liberty a “very possible” scenario * Says 2 things make it likely: * 1st is ITV’s “incredibly attractive” content production unit, which is saw rev. growth of 11% and programing that generates “big audiences” * 2nd is exposure to recovering U.K. economy through U.K.’s largest mass-mkt advertising platform * Reiterates strong buy, PT 270p; sees ITV as “critically undervalued” * Shares rise as much as 1.8% today, ~10p below 1-year high of 195.1p on Oct. 17 * ITV has 12 buys, 13 holds, 3 sells; avg. PT 199p implies upside of 7.9%; up 81% YTD: Bloomberg data * Trading on 15x next year’s earnings vs 15.7x for the Stoxx 600 Media index * NOTE yday: ITV Critically Undervalued, Offers 50% Upside; Panmure Lifts PT * NOTE Nov. 20: ITV Chief Says Lost Champions League Won’t Affect Advertising * NOTE Nov. 19: ITV Down; Exane Sees Possible Profit-Taking, Says Chance to Buy

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

To contact the reporter on this story: Blanche Gatt in London at +44-20-7392-0351 or bgatt@bloomberg.net

To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net