(BFW) VW Chairman Signals Offer to Hire Renschler, Stuttgarter Reports

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VW Chairman Signals Offer to Hire Renschler, Stuttgarter Reports 2014-01-30 15:52:58.719 GMT

By Christoph Rauwald Jan. 30 (Bloomberg) -- Volkswagen’s supervisory board will vote on an offer to hire former Daimler AG executive Andreas Renschler, Stuttgarter Zeitung reports, citing remarks by VW Chairman Ferdinand Piech at an automotive conference. * “First the supervisory board has to decide on something” before any comment is possible on Renschler, then “afterward you can say, the best go after the best”: Stuttgarter Zeitung, citing Piech * NOTE: Daimler’s Renschler Won’t Go to Rival in Near Term: Die Welt NSN N07PKW6TTDS9 <GO> * NOTE: Daimler CEO Candidate Renschler Resigns After Swapping Jobs NSN N05P926K50YR <GO>

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

To contact the reporter on this story: Christoph Rauwald in Frankfurt at +49-69-9204-1146 or crauwald@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at +49-30-70010-6232 or cthomas16@bloomberg.net

(BFW) *SOITEC: BPIFRANCE PARTICIPATIONS DOESN’T PLAN TAKEOVER

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BFW 01/30 15:30 *SOITEC: BPIFRANCE PARTICIPATIONS DOESN’T PLAN TAKEOVER BN 01/30 15:27 *SOITEC: BPIFRANCE PARTICIPATIONS DOESN'T PLAN TAKEOVER BN 01/30 15:27 *SOITEC: EPIC BPI-GROUPE OWNS 14.73% OF VOTING RIGHTS, AMF SAYS BN 01/30 15:26 *SOITEC IS 9.84% OWNED BY EPIC BPI-GROUPE, AMF SAYS

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SOITEC: EPIC BPI-GROUPE OWNS 14.73% OF VOTING RIGHTS, AMF SAYS 2014-01-30 15:28:41.296 GMT

(The following press release from the AMF was received by e-mail. The sender verified the statement.)

-0- Jan/30/2014 15:28 GMT

>>> CNH Industrial resumes trades after missing Q4 ests

CNH Industrial resumes trades after missing Q4 ests 

CNHI is down 5% after reporting Q4 EPS EUR 0.12 vs. the $0.18 consensus; rev -1.1% to EUR 6.93 bln vs. the EUR 7.55 bln consensus. Co sees FY14 rev flat to +5% vs. +3.5% consenus; with margin 7.8-8.2%.

"Projected improvements in operating performan ces in the Trucks and Commercial Vehicles and Construction Equipment businesses, coupled with continue d industrial efficiencies, are expected to offset the projected decline in unit demand of agricultural product equipment forecasted for 2014.

>>>eBay Inc Reportedly PayPal has made a pitch to Apple about working together o

eBay Inc Reportedly PayPal has made a pitch to Apple about working together on mobile payments as Apple eyes a move into the segment - tech blogs
- Sources indicate PayPal told Apple it would be willing to handle background services like fraud detection and perhaps even payment processing because it wants to be partnered with Apple when it expands its mobile payments services via the iPhone, which now features a touch sensor that can authorize payments.

- On its 1/27 earnings conference call, Apple CEO said that given the amount of mobile commerce that goes over Apple devices, mobile payments is an area of opportunity, but have nothing to announce today [*Note: 01/25: Reportedly Apple making effort to expand presence in mobile payments - press]

>> US Gapping down

Gapping down

In reaction to disappointing earnings/guidance: NSR -24.6% (also authorizes share repurchase program for up to $200 mln of its Class A common shares beginning Jan 30, 2014 through Dec 31, 2014), INVN -8.1%, DEO -7.1%, HGG -6.7%, BVSN -6.2% (light volume), ELY -5.9%, WFT -5.9%, TSCO -5.8%, QTM -5.5% (light volume), CTXS -4.2%, (Templeton, will be returning from his previously announced leave of absence to resume his role as CEO; several analyst downgrades and one upgrade at Drexel Hamilton), SHW -4%(light volume), CDNS -3.8%, POT -3.4%, BTU -3.4%, MLNX -3%, TTEK -2.8%, (also awarded $60 mln U.S. Army Corps of Engineers Middle East District architect-engineer design services contract; awarded $60 mln environmental services contract for U.S. Coast Guard), KEX -2.3% (light volume), CELG -2.2%, SYMC -0.6%, LVS -0.5%, XOM -1.2%, BC -1.0%, SAN -0.5%.

Metals/mining stocks trading lower: AG -2.4%, EGO -2.4%, GDX -2.1%, SLV -1.9%, GOLD -1.8%, ABX -1.4%, HMY -1.4% (Harmony Gold downgraded to Neutral from Overweight at JPMorgan), AEM -1.3% GG -1.2% (Osisko commences legal proceeding to restrain misuse of confidential information by Goldcorp).

Select potash/ag related names showing early weakness following POT results: SYT -2.2%, IPI -2.2%, MOS -1.7%, SQM -1.3%.

Other news: KBIO -29% (reports top-line data for Phase 2 study of KB003 in severe asthma; while the study showed that KB003 was generally safe and well tolerated, it did not meet its primary clinical endpoint of improvement in FEV1 (a measurement of pulmonary function) compared to placebo in the overall study population), PLOW -5.9% (following TSCO results), IDIX -5.1% (following late weakness on patent news; Idenix Pharma confirms decision by the USPTO Trial and Appeal Board in the first patent interference; intend to challenge this decision), UL -2.6% (following DEO results), TSRO -2% (prices 3.2 mln shares of common stock at $31.50 per share ).

Analyst comments: SO -1.4% (downgraded to Neutral from Buy at Citigroup), EPB -0.7% (downgraded to Neutral from Buy at Goldman).

>>> Exxon Mobil misses by $0.01, misses on revs --> -0.8%pre mkt

Exxon Mobil misses by $0.01, misses on revs

Reports Q4 (Dec) earnings of $1.91 per share, $0.01 worse than the Capital IQ Consensus Estimate of $1.92; revenues fell 3.3% year/year to $110.86 bln vs the $114.94 bln consensus.
  • Oil-equivalent production decreased 1.8% from the fourth quarter of 2012. Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was essentially flat, with liquids volumes up 3.0%.
  • Statoil and ExxonMobil announced the fifth discovery in Block 2 offshore Tanzania. The discovery of an additional 2-3 trillion cubic feet of natural gas in place in the Mronge-1 well brings the total gas resource estimate to 17-20 trillion cubic feet.
  • The Alaska LNG project announced selection of a lead site for the liquefied natural gas plant in the Nikiski area on the Kenai Peninsula. Together with the ongoing multi-year summer field work, this is a key step forward for the project and continued progress toward building Alaska's energy future.
Upstream earnings were $6,786 mln in Q4 of 2013, down $976 mln from the fourth quarter of 2012. Higher natural gas realizations, partly offset by lower liquids realizations, increased earnings by $60 mln. Production volume and mix effects decreased earnings by $550 mln. All other items, including higher operating expenses, decreased earnings by $490 mln.

Downstream earnings were $916 mln, down $852 mln from Q4 of 2012. Weaker margins, mainly in refining, decreased earnings by $680 mln. Volume and mix effects increased earnings by $110 mln. All other items, including higher operating expenses and unfavorable foreign exchange impacts, decreased earnings by $280 mln. Petroleum product sales of 5,994 kbd were 114 kbd lower than last year's Q4.