(BFW) EADS Confirms Made Offer for Avio Space Propulsion Business

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BN 11/21 14:47 *EADS SPOKESMAN COMMENTS BY E-MAIL BN 11/21 14:47 *EADS DECLINES FURTHER COMMENT ON AVIO BID BN 11/21 14:47 *EADS SAYS HAD MADE OFFER FOR AVIO SPACE PROPULSION BUSINESS

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EADS Confirms Made Offer for Avio Space Propulsion Business 2013-11-21 14:51:19.117 GMT

By Andrea Rothman and Brian Lysaght Nov. 21 (Bloomberg) -- Co declines further comment. * See Sept. 30: EADS, Safran Submit Offers for Avio Space: Defense News {NSN MTXSZS6JTSFP <go>}

Link to Company News:{EAD FP <Equity> CN <GO>} Link to Company News:{FNC IM <Equity> CN <GO>} Link to Company News:{SAF 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: Brian Lysaght at +44-20-7330-7908 or blysaght@bloomberg.net

>>> 'Gravity' Spinoff: Watch the Other Side of Sandra Bullock's Distress Call (E

{http://www.hollywoodreporter.com/news/gravity-spinoff-watch-side-sandra-657919}

During a pivotal scene in Gravity, Sandra Bullock's character Ryan Stone, trapped inside a Russian space capsule with little hope of survival, makes contact with a male voice speaking via radio in a foreign language. What unfolds on the other end of that fractured conversation, complete with a barking dog and a crying baby, is the subject of a short film by Jonas Cuaron, son of director Alfonso Cuaron, who co-wrote the screenplay for Warner Bros.' $500 million-grossing awards contender with his father. That seven-minute companion piece, titledAningaaq, was financed by Warner Home Video, which initially envisioned it as a unique extra feature for Gravity's Blu-ray edition. But the stark, contemplative Aningaaq has developed a life of its own via festival screenings at Venice and Telluride. Now Warners has submitted it for Oscar consideration in the live-action short category; should it snag a nomination alongside its sure-bet blockbuster companion, they are poised to make Academy Awards history as the first feature and spinoff short drawn from the same material to be nominated together in the same year. PHOTOS: 'Gravity' Spinoff 'Aningaaq' Explores the Other Side of Sandra Bullock's Call The idea for Aningaaq, which follows an Inuit fisherman stationed on a remote fjord in Greenland, occurred to the Cuarons as they were working out the beats for the Gravity screenplay. "It's this moment where the audience and the character get this hope that Ryan is finally going to be OK," Jonas, 31, tells THR. "Then you realize that everything gets lost in translation." Both Cuarons spent time in the glacial region (Alfonso once toyed with setting a movie there) and fell in love with the barren vastness of its frozen wilderness. During one of those visits, Alfonso met a drunken native who would become the basis for the title character, played by Greenland's Orto Ignatiussen. But it wasn't until Jonas, on a two-week trek gathering elements for his film, was inspired by the local inhabitants' profound attachment to their sled dogs that he decided to incorporate that element into the plot. The short was filmed "guerrilla style" on location on a budget of about $100,000 -- most of which went toward the 10-person crew's travel costs -- and Cuaron completed it in time to meld the dialogue into Gravity's final sound mix. The result is a seamless conversation between Aningaaq and Ryan, stranded 200 miles above him, the twin stories of isolated human survival providing thematic cohesion. Still, Jonas says he was careful "to make it a piece that could stand on its own." Should both get Oscar noms, an interesting dynamic would emerge: Two films potentially could win for representing different sides of one conversation, to say nothing of having come from father and son.

>>> Robin Hood Invsestors Conference

Robin Hood Invsestors Conference is being held today and tomorrow; multiple hedge funds will present trading ideas

Today's speakers presenting "best ideas" are: - 09:55E: Meryl Witmer, General Partner, Eagle Capital Partners LP - 10:15ET: Greenlight Capital Co-Founder David Einhorn. - 11:05ET: Third Point LLC CEO Daniel Loeb. - 11:25ET: Chilton Investment Co. CEO Richard Chilton.

- 13:35ET: Lightning Round: Best Ideas Anthony T. Bozza, Founder & Managing Partner, Lakewood Capital Management LP Steve Kuhn, Partner & Head of Fixed Income Trading, Pine River Capital Management Conan Laughlin, Founder & Portfolio Manager, North Tide Capital LLC Anna Nikolayevsky, Founder & Chief Investment Officer, Axel Capital Management Parag Vora, Founder & Portfolio Manager, HG Vora Capital Management Moderated by: David Einhorn, Co-Founder & President, Greenlight Capital

15:15ET: Lee S. Ainslie III, Founder & Managing Partner, Maverick Capital Management LLC

**NOTE: In early Oct Greenlight's Einhorn said he would present a new short idea at the Robin Hood conference. Since then market speculation has been that SWY might be Einhorn's new short pick.

- Link: {https://investors.robinhood.org/agenda.php }

>>> US Gapping down

Gapping down

In reaction to disappointing earnings/guidance: SGOC -27.2%, BV -12.8% (also announced that effective Jan. 31, 2014, Stephen Collins will step down as CEO), VVTV -8.6%, LQDT -6.9%, DLTR -6.7%, TGT -3.7%, ANF -3.4%, LTD -3.3%.

Other news: FU -12.5% (continued weakness), QLTI -9.3% (announces oral retinoid program clinical and regulatory update, and review of strategic alternatives), FOLD -8.5% (Amicus Therapeutics and GSK announce revised Fabry agreement; also downgraded by multiple analysts), VJET -8.2% (continued weakness following Citron mention), ATTU -6.7% (priced its public offering of 2.48 mln ordinary shares at a price to the public of $7.00/share), GFI -6.4% (still checking), AL -5.2% ( announces secondary public offering of ~10.14 mln shares of common stock), WBMD -3.7% (announces $300 mln offering of convertible notes due 2020), ZHNE -3% (modestly pulling back from yesterday's Craig Hallum boost), DG -2.3% (on DLTR results), AU -2.1% (still checking), ABEV -2.1% (still checking), ARRY -1.5% (announces that Kevin Koch, President and Chief Scientific Officer, will be leaving Array to pursue other opportunities), SI -1.1% (still checking), FDO -1% (on DLTR results).

Analyst comments: TRN -1.9% (downgraded to Underperform from Outperform at Raymond James), PM -0.8% (downgraded to Neutral from Buy at Goldman; removed from Conviction Buy list ), QSII -0.4% (initiated with a Sell at Deutsche Bank).

>>> US Gapping up

Gapping up

In reaction to strong earnings/guidance: DATE +5.8%, WSM +5.6%, GMCR +5.1% (also announces expanded capital return plan for shareholders, Green Mtn Coffee upgraded to Buy from Neutral at Janney), NUS +4.1%, JACK +4%, SMRT +3.8%, CYBX +3%, (light volume).

M&A news: VOD +1.6% (Bloomberg discusses that buyers may be interested in VOD), BMRN +0.7% (ticking higher; attributed to M&A report suggesting the name could receive takeover interest).

Select financial related names showing strength: SAN +4.8%, NBG +3.4%, RBS +1.6%, BCS +1.4%, BBVA +0.8%, BAC +0.5%, UBS +0.5%.

Select Euro drug names are trading higher: SHPG +2.6%, AZN +2.2%, GSK +1.2%, .

China airline names are gapping up: ZNH +8.9%, CEA +6.8%

A few solar names are higher in light volume: JKS +2.1%, SOL +1.4%, JASO +1.3%, TSL +1.2%

Other news: AZC +96.8% (arranges $26 million increase to Red Kite Loan Facility; comments on Save the Scenic Santa Rita's 'inaccurate' press release), ONCY +19% (announces positive top-line data from REO 018 randomized study of REOLYSIN in head and neck cancers; co intends to proceed into follow-on registration study in this indication), CRNT +8.3% (prices 14 mln ordinary shares at $2.40), HOLX +6.4% (Icahn disclosure of long position, long calls and short puts; Icahn confirms 12.63% HOLX stake in 13D filing files moments ago; may seek Board representation), PETX +4.4% (announces 'positive' top-line results from AT-001 dose-ranging field study in client-owned dogs with osteoarthritis), JCI +4.3% (announces three-year $3.65 billion share repurchase program; Increases dividend), ONVO +3.1% (ongoing volatility in 3D names), CSII +3% (Cardiovascular Systems prices 2,608,696 shares of common stock at $30.00/share), AEZS +2.9% (priced offering yesterday), TSLA +2% (reports indicate Tesla Motors receives top mark from consumer reports; also WSJ discusses increasing competition that Tesla may face), TWGP +1.7% (following M&A chatter yesterday; also receives Nasdaq notice regarding listing requirements), ARO +1.6% (Crescendo Partners Sends Letter to Aéropostale, Inc. Board of Directors; Urges Board to Immediately Pursue a Sale of the Company to Maximize Stockholder Value), ARMH +1.2% / ASML +1.2% (still checking), RTN +0.8% ( increases share repurchase authorization by $2 bln), DDD +0.8% (ongoing volatility in 3D names), HLF +0.7% (following yesterday's 4+ point move higher and boosted by MLM name NUS results), PBR +0.7% (still checking), ABX +0.6% (still checking), DDS +0.3% ( announces additional $250 mln share repurchase program), DRI +0.1% (Barington Group Announces Retention Of Advisors In Connection With Its Investment In Darden Restaurants).

Analyst comments: MTL +7% (upgraded to Buy from Sell at Citigroup), RAD +2% (initiated with a Buy at Deutsche Bank), FB +0.8% (initiated with a Outperform at FBR Capital), AAP +0.4% (upgraded to Outperform from Neutral at Credit Suisse), MDAS +0.4% (initiated with a Buy at Deutsche Bank ), UNH +0.2% ( initiated with a Overweight at Morgan Stanley)

WWD : LVMH to Establish Global Fashion Prize

PARIS — Jury duty has never been more fashionable — or star-studded.

Taking fashion prizes to a new height, LVMH Moët Hennessy Louis Vuitton is launching an international contest for young designers with some of the industry’s biggest creative figures — including Karl Lagerfeld, Marc Jacobs, Nicolas Ghesquière, Raf Simons, Phoebe Philo and Riccardo Tisci — choosing the winner.

They will be joined by Kenzo’s creative duo, Humberto Leon and Carol Lim, who as founders of Opening Ceremony scour the globe for new labels to stock in their stores.

The new LVMH Young Fashion Designer Prize, which comes with a grant of 300,000 euros, or $405,000 at current exchange, plus a year of coaching, is the brainchild of Delphine Arnault, who has emerged as a powerful talent scout and advocate for young designers at the luxury giant her family controls.

“We thought, ‘Who better than the designers of the group to elect the young fashion designer of tomorrow?’” she told WWD, eyes widening when asked about the challenge of finding a date when all those fashion figures could gather in one room. “The aim of this prize is to try to discover talents that are unknown, and also to create a surprise.”

Arnault said the first winner would be selected towards the end of May 2014.

The competition is unique in its global scope, online-only registration and nominations — and a gradual elimination process that will award entrants with invaluable exposure.

To wit: Arnault said LVMH would fly 30 semifinalists to the French capital during Paris Fashion Week next March to exhibit their wares in the auditorium of its Avenue Montaigne headquarters. An “expert committee” of buyers, editors and stylists is to tour the temporary showroom, meet the designers and vote to whittle down that group to the 10 finalists who are to make 20-minute presentations to the jury.

The competition is open to any designer between the ages of 18 and 40 who has presented and sold at least two collections of women’s or men’s ready-to-wear. Applications open today at lvmhprize.com, and close Feb. 2.

In tandem with the big prize, for which LVMH tapped French artist Jean-Michel Othoniel to create the inaugural trophy, the company is to award 10,000-euro ($13,500) scholarships — and a one-year post in the design studio of an LVMH brand — to three fashion graduates. “It’s what every student dreams of,” Arnault enthused.

The group’s fashion houses include such names as Louis Vuitton, Dior, Fendi, Givenchy, Loewe, Pucci and Céline.

The 38-year-old daughter of luxury titan Bernard Arnault, who had been Dior’s deputy managing director since 2008, in September became second-in-command at Vuitton and was put in charge of all the house’s product-related activities.

Delphine Arnault — who was joined in a hushed conference room by Jean-Paul Claverie, an adviser to her father and head of corporate philanthropy at the group — said LVMH is keen to support young designers in an industry where breaking through can be difficult.

“Creativity has always been at the center of what we do at LVMH,” she said. “As the leader in our industry, it’s our responsibility to find talent, to help talent grow and to help designers structure their company.”

According to Simons, every designer has experienced the need for funding and good advice.

“Creating a collection, a brand and running a business at the same time is such a burden and supporting a young designer early on and giving him or her the support that will help them make the right decisions — and [giving them] access to so much knowledge — is an amazing opportunity,” Simons told WWD. “Not so long ago, being a fashion designer was still a very vague notion for most young creative people, but with the huge surge in visibility for the industry, for designers, for ‘behind-the-scenes’ access, it has become more real and probably more desirable.”

Tisci, a relatively unknown Italian designer with a small signature brand when he joined Givenchy in 2005 at the age of 30, couldn’t agree more.

“There is nothing more important in our business than hearing young creative voices, giving them strength, confidence and attention,” he said. “I was given an amazing chance at a very young age, so this means a lot to me.”

Arnault said LVMH has a long-term commitment to its namesake prize, and assembled an internal team to coordinate the undertaking and the dedicated Web site. Heading up that effort is Mark Alizart, formerly adviser to French culture minister Frédéric Mitterrand.

WWD first reported on April 15 in Collections magazine that the fashion patronage project was brewing at LVMH under Claverie and Alizart.

Arnault noted that LVMH would continue to underwrite other fashion competitions, including the Andam prize in France and the International Festival of Fashion and Photography in Hyères, also in France. Its philanthropic activities in fashion also include an investment fund for young designers created by the French Ministry of Culture and Communication, and a scholarship program and sponsored lecture theater at Central Saint Martins in London.

Arnault said it’s difficult to predict how many designers might apply for the LVMH prize, but the Web site will highlight a selection of the best submissions on a weekly basis. The plan is to keep the site and the process interactive and dynamic, with amateur scouts — who can post pictures of designers worthy of notice — vying for a chance to become a member of the expert committee in March.

The LVMH prize comes at a time when “many people all over the world are interested in fashion, and that’s very new,” said Claverie, adding that “the Internet is a fabulous tool for them to reach us, and for us to reach them.”

Arnault noted that all participants — not only the final winner — should benefit from the competition.

“Even if they’re not selected, it’s going to help them grow,” she said. As for the finalists who will face Lagerfeld and company, “it’s an experience that’s quite unique and they won’t forget.”

She, Claverie and Pierre-Yves Roussel, chairman and chief executive officer of LVMH’s fashion division, are to represent the company alongside designers on the panel.

Asked if the expert committee and jury would use any specific measuring sticks to choose the winter, Arnault said, “Design talent is extremely important, but you also need to have your feet on the ground. I think it’s going to be a discussion.”

An internal team at LVMH will be at the disposal of the victor to decide on how he or she should spend the 300,000 euros. “For a young company, it’s a lot of money,” Arnault noted.

Yet it is practical and strategic matters — where clothes should be produced, how they should be priced, and if and when to launch accessories or a second line — that tend to consume fashion newbies.

“They always have tons of questions, so we have a professional team of executives with long experience in the group to help them if needed,” she said.

The prize was initiated without the intent of LVMH investing in the winner. “It’s just to nurture them and help them grow,” she stressed.

In recent months, Arnault has been instrumental in LVMH’s recent investments in Nicholas Kirkwood and J.W. Anderson, for example.

Asked if she detects a new wave of designers, or a particular strain of talent from today’s new generation, she replied: “Talent is always rare and unique.”