>>> Hilton Hotels beats by $0.02, beats on revs; guides Q3 EPS in-line; raises F

Hilton Hotels beats by $0.02, beats on revs; guides Q3 EPS in-line; raises FY15 EPS in-line

Reports Q2 (Jun) earnings of $0.25 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.23; revenues rose 12.2% year/year to $2.99 bln vs the $2.89 bln consensus.
  • Co issues in-line guidance for Q3, sees EPS of $0.21-0.23, excluding non-recurring items, vs. $0.23 Capital IQ Consensus Estimate. System-wide RevPAR is expected to increase between 4.5-6.5% on a comparable and currency neutral basis compared to the third quarter of 2014. Adjusted EBITDA is expected to be between $730 million and $750 million.
  • Co issues raised guidance for FY15, raises EPS to $0.80-0.84 from $0.79-0.83, excluding non-recurring items, vs. $0.82 Capital IQ Consensus Estimate. System-wide RevPAR is expected to increase between 5-7% on a comparable and currency neutral basis. Adjusted EBITDA is projected to be between $2,820 million and $2,870 million,
  • Dividend: Co initiated a regular quarterly cash dividend with the announcement on July 29, 2015 of a dividend of $0.07 per share on shares of its common stock to be paid on or before September 25, 2015.

>>> Huntsman beats by $0.08, misses on revs

Huntsman beats by $0.08, misses on revs
Reports Q2 (Jun) earnings of $0.63 per share, $0.08 better than the Capital IQ Consensus Estimate of $0.55; revenues fell 8.3% year/year to $2.74 bln vs the $3.02 bln consensus.
  • "Our Performance Products and Advanced Materials businesses continue to demonstrate remarkable earnings. Combined, these businesses represent approximately 50% of our adjusted EBITDA; they have EBITDA margins of approximately 20% and low earnings volatility. Their EBITDA grew approximately 20% compared to the prior year and we have growth projects in place for these businesses that are expected to deliver an additional $100 million over the next couple of years."

(TWT) Mark Kleinman: Exclusive: China's HNA Group poised to unveil £2.3bn t...


Mark Kleinman: Exclusive: China's HNA Group poised to unveil £2.3bn takeover of Swissport, the baggage handler at centre of
2015-07-29 10:15:30.881 GMT

Exclusive: China's HNA Group poised to unveil
£2.3bn takeover of Swissport, the baggage
handler at centre of Gatwick crisis last year.
Mark Kleinman @MarkKleinmanSky
 
Sent With: Twitter Web Client
  Original tweet on Twitter.com
found here.

Twitter profile information as of July 29, 2015

Description: City editor of Sky News, City AM columnist and Charlton Athletic
fan. London Press Club Business Journalist of the Year 2011.

Tweets: 4,515  Following: 1,041  Followers: 24,662  Tweeting Since:
9/13/2009  Twitter Verified

-0- Jul/29/2015 10:15 GMT

(BFW) Belgium Has Agreement With Electrabel About Doel 1, 2: Belga


BN 07/29 08:34 *BELGIUM HAS AGREEMENT WITH ELECTRABEL ABOUT DOEL 1, 2: BELGA

Belgium Has Agreement With Electrabel About Doel 1, 2: Belga
2015-07-29 08:36:22.963 GMT


By John Martens
(Bloomberg) -- Belgian Energy Minister Marie-Christine
Marghem, Electrabel conclude negotiations about financial
conditions of lifetime expansion of Doel 1, Doel 2 nuclear
reactors, Belga news agency reports.

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(BFW) Hermes to Probe Texas Crocodile Farm After Jane Birkin Complains


BN 07/29 08:35 *HERMES DOESN'T OWN TEXAS FARM, SKINS AREN'T USED FOR BIRKINS
BN 07/29 08:35 *HERMES: ANY BREACHES OF RULES WILL BE SANCTIONED
BN 07/29 08:34 *HERMES IS INVESTIGATING TEXAS FARM IMPLICATED IN VIDEO
BN 07/29 08:34 *HERMES IS ALSO SHOCKED BY IMAGES RECENTLY BROADCAST
BN 07/29 08:33 *HERMES: BIRKIN'S COMMENTS DO NOT INFLUENCE RELATIONSHIP
BN 07/29 08:33 *HERMES COMMENTS IN E-MAILED STATEMENT
BN 07/29 08:33 *HERMES: JANE BIRKIN HAS VOICED CONCERN OVER CROCODILE TREATMENT

Hermes to Probe Texas Crocodile Farm After Jane Birkin Complains
2015-07-29 08:42:14.148 GMT


By Andrew Roberts
(Bloomberg) -- Actress Jane Birkin has expressed concerns
regarding practices for slaughtering crocodiles, Hermes says in
e-mailed statement.

* Her comments do not influence shared friendship and
confidence: Hermes
* Hermes says also shocked by images recently broadcast
* An investigation is underway at Texas farm implicated in
video; any breach of rules will be rectified and sanctioned
* Hermes doesn’t own farm, whose crocodile skins aren’t used
for Birkin bags


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(BFW) German Economy Ministry Confirms Talks With K+S on Potash


BN 07/29 08:15 *GERMAN ECONOMY MINISTRY DECLINES TO DISCUSS CONTENT OF TALKS
BN 07/29 08:14 *GERMAN ECONOMY MINISTRY SPOKESWOMAN COMMENTS IN E-MAIL
BN 07/29 08:14 *GERMAN ECONOMY MINISTRY CONFIRMS TALKS WITH K+S ON POTASH

German Economy Ministry Confirms Talks With K+S on Potash
2015-07-29 08:17:59.409 GMT


By Birgit Jennen
(Bloomberg) -- German Economy Ministry has held
“numerous” talks with those involved in the takeover offer, a
ministry spokeswoman says in e-mailed statement.

* Ministry declines to discuss the content of the discussions

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cthomas16@bloomberg.net

NYPost : Stubborn hedge fund titans continue making bets on gold

Most fund managers have finally thrown in the towel on gold — but not hedgie titans John Paulson and David Einhorn.
Money managers are “net short” gold for the first time since 2006, according to a weekly Bank of America Merrill Lynch report released Monday.
That means most hedgies and mutual fund managers are bearish on the yellow metal, which has been tanking in recent weeks on dollar strength — and is down more than 7 percent this year.
On Tuesday, gold closed at $1095.10 an ounce, down by $1.80.
But Paulson and Einhorn are two of the big names staying the course — and paying a steep price for it.
Paulson, who is one of the top shareholders of South African mining company AngloGold Ashanti with a 6 percent stake, is barely breaking even in his Advantage fund.
Advantage, which holds his gold equities, is up only 0.7 percent year to date as of mid-July, according to an investor. As of mid-July, Advantage was down 0.26 percent for the month, he said.
AngloGold Ashanti is down 27 percent this year — and 29 percent this month.
Paulson famously calls gold a “currency,” but Einhorn has gone one better by housing gold bullion in a Queens storage locker.
Gold remains one of the top six positions in Einhorn’s Greenlight Capital hedge fund, which The Post previously reported was down 3 percent this year through June.
Shares of Greenlight Re, the publicly traded reinsurance vehicle that invests alongside Einhorn’s fund, have fallen 16 percent this year. Ten percent of the fund was invested in bullion as of March 31, per filings.
In April, Einhorn touted gold at an investment conference. Both he and Paulson think that central bankers’ easing will lead to inflation.

NY Post : New Yorkers are literally freezing themselves to burn off calories

It’s 6 o’clock on a recent Tuesday night, and Steven Evans, 38, a dapper British investment banker clad in an open robe, gray Tommy Hilfiger briefs, midcalf tube socks and wooden-soled clogs, stands in a sterile Midtown waiting room. He fidgets alongside his pal, a nervous-looking Alex Silver, 39, until their names are called and they’re led into a closet-size room.
Within seconds, Evans’ screams can be heard through the closed door.
“They’re euphoric,” says Joanna Fryben, the owner of KryoLife, with a big, satisfied smile.
It may sound like a torture chamber, but KryoLife is actually a spa catering to the latest beauty trend overtaking Manhattan: cryotherapy.

During the three-minute sessions, clients are placed in a 6-foot-tall tubular machine pumping out air hovering between an icy minus 184 and minus 292 degrees Fahrenheit. It’s the treatment du jour for people who want to boost their metabolism, loosen their muscles, flatten their stomachs, reduce cellulite and allegedly burn up to 800 calories without moving a muscle.
Oh, and get a little natural high, too.
“I left feeling like I drank four Red Bulls and was a Prozac-ed out Disney employee,” says one New York-based magazine editor who tried full-body cryotherapy in May (and asked not to be named).
“It’s a good complement to a healthy lifestyle,” says Salvatore Buscema, owner of Elite Total Body Cryotherapy in Wayne, NJ. “We want to look good, feel good and we want it to be done yesterday, right?”
As hot as cryotherapy is, the notion of extreme cold being good for your health isn’t new. Hippocrates wrote about the pain-relieving benefits of ice thousands of years ago, and athletes have long been using ice baths to reduce swelling and increase performance.
But in recent months, whole-body cryotherapy — which was developed in Japan in 1978 to treat arthritis — has exploded thanks to celebrities such as Lindsay Lohan, Derek Hough and Mandy Moore, who’ve been Instagramming their sci-fi-looking treatment pics. Makeup maven Bobbi Brown, Yoko Ono and Daniel Craig are devotees, and the New York Knicks have two cryo-saunas installed in Madison Square Garden. Soccer player Cristiano Ronaldo is such a fan, he bought his own $50,000 device.

“If Demi Moore does it, it’s good enough for me,” says Sarah, a 38-year-old lawyer, who asked that her last name not be used for professional reasons. She’s spent more than $1,000 visiting KryoLife 15 times in the past three months.
“I think it’s awesome. My friends think it’s absolutely insane,” Sarah admits.
Insane? Maybe. Popular? Definitely.
Since opening the city’s first stand-alone cryotherapy center on 57th Street in November 2013, Fryben’s seen her clients, whom she describes as “open-minded . . . usually with greater-than-average income,” jump from 10 per day to 70.
One 180-second-long treatment costs $90, a five-minute cryofacial, $45. Business is firing up so quickly that Fryben, 40, and her partner are opening a second location in Flatiron this October, complete with a cryochamber, a multi-person room filled with ice and cold air.
“Our customers are going to love it,” says Fryben, who first tried cryotherapy during a visit to Europe in 2011 before bringing it back to Gotham.
According to Fryben, 30 percent of KryoLife’s clients come in solely for the beauty benefits.
Brittany Byrd, 21, one of LiLo’s close friends and a fellow cryotherapy aficionado, says the “Mean Girls” star does it “as much as she can. She’s a maniac!”
“When she came to New York she was doing it every day,” says Byrd, who first tried the treatment in June with Lohan in Monaco.
“Lindsay said it gave her more energy,” says Byrd, marketing director at event-planning company Studio Six Point Six. “And she lost a ton of weight from it.”
Once users are hooked, it can be hard to stop.
“Since I started, I go at least four times a week,” says Amy Heart, the 37-year-old host of the podcast Sports With A Heart. “I took a break because I was traveling, and I really noticed a difference in my energy level.”
Nutritionist Tricia Williams is so devoted to her thrice-a-week freezing habit that she says she felt like she had “lost my bionic power” during a recent two-week stay in the Hamptons sans cryosauna.

“I love it … I always tell people it should be the new happy hour. Who needs to drink?” Williams asks. “You come out feeling so great.”
Experts warn, though, that cryotherapy isn’t a miracle worker.
“The cooling of the body has an anti-inflammatory benefit,” says Park Avenue plastic surgeon Dr. Steven Levine. “But cryotherapy as you’re talking about it, is akin to a medical fad,” he says, pointing fingers at the industry’s claims that a person can burn hundreds of calories during one speedy session.
“If there was a way to burn 800 calories in three minutes it would be a whole lot more popular than it is,” says Levine, “and a whole lot more than the $90 that they’re charging for it.”