>>> US After Hours Summary: OCLS +5.8%, CHKE +3.9%, KFY +2.6%, LF -15.

After Hours Summary: OCLS +5.8%, CHKE +3.9%, KFY +2.6%, LF -15.9%, XONE -9.8%, BOJA -1.3% following earnings/guidance

After Hours Gainers:

Companies trading higher in after hours in reaction to earnings: OCLS +5.8%, CHKE +3.9%, KFY +2.6%, RH +0.2%, RLD +0.1%

Companies trading higher in after hours in reaction to news: CDTI +6.9% (disclosed entry into a North American Purchase and Sale Agreement with Honda North America, whereby Honda agreed to purchase goods and related services from the Company), TMUS +4.1% (WSJ reporting Dish (DISH) is looking to raise $10-15 bln to fund a bid to acquire the company), BOBE +3.6% (Board authorized co to pursue a strategic transaction for a portion of its restaurant properties), TWTR +3.1% (CEO Dick Costolo has decided to step down as CEO effective July 1, 2015, Jack Dorsey named Interim CEO; Co reaffirmed Q2 guidance), PEIX +0.8% (co and Aventine Renewable Energy Holdings (AVRW) stockholders have approved the proposed merger of the companies; completion expected on July 1, 2015)

After Hours Losers:

Companies trading lower in after hours in reaction to earnings: LF -15.9%, XONE -9.8%, BOJA -1.3%

Companies trading lower in after hours in reaction to news: AVEO -16.1% (FDA said "insufficient data exists" to support running a proposed pivotal phase 3 trial of tivozanib in colorectal cancer for a certain subgroup of patients), LTBR -0.9% (filed for $75 mln mixed securities shelf offering), ALR -0.6% (announced pricing of $425 mln of 6.375% senior subordinated notes due 2023) 

>>> US Close Dow+0.22% S&P+0.17 Nasdaq+0.11 Russell+0.16%

Closing Market Summary: S&P 500 Logs Third Consecutive Advance

The major averages ended Thursday on a modestly higher note with the S&P 500 (+0.2%) posting its third consecutive advance.

Equity indices rallied out of the gate, hitting their highs during the opening hour of action; however, the market was knocked back into the middle of its range after it was reported that International Monetary Fund representatives left Brussels for Washington due to insufficient progress between Greece and the creditors. Furthermore, IMF spokesman Gerry Rice stressed the continued presence of major differences, saying, "We are well away from an agreement."

The reports from Europe short-circuited the market's advance, but the S&P 500 remained above its 50-day moving average (2,102), which is a level the index reclaimed yesterday when Bloomberg reported that a staggered deal may be in the cards for Greece.

Seven of ten sectors registered gains while consumer staples (-0.1%) and energy (-0.4%) spent the day in the red. In addition, technology (-0.1%) turned negative during the afternoon.

The energy sector struggled as crude oil fell 1.0% to $60.74/bbl with dollar strength exerting pressure on the energy component. The Dollar Index (94.88, +0.24) climbed 0.3% with the greenback adding 0.4% against the euro (1.1274).

On the upside, countercyclical groups fared better than their growth-sensitive counterparts with health care (+0.5%), telecom services (+0.6%), and utilities (+0.7%) finishing ahead of the broader market. Large cap health care components outperformed from the start while biotechnology gathered strength as the day wore on. The iShares Nasdaq Biotechnology ETF (IBB 368.07, +2.24) gained 0.6%.

Over on the cyclical side, the industrial sector (+0.4%) ended ahead of its peers thanks to strength among transport stocks. The Dow Jones Transportation Average climbed 1.1% to extend its June advance to 1.8%. The broad-based advance was paced by railroad names with CSX (CSX 34.97, +1.00) rising 2.9%.

Elsewhere, the top-weighted technology sector (-0.1%) lagged throughout the day, which prevented the market from revisiting its early high. In general, large sector members fared relatively well, but Apple (APPL 128.59, -0.29), Google (GOOGL 550.04, -2.56), and Microsoft (MSFT 46.44, -0.17) posted losses while high-beta chipmakers also lagged with the PHLX Semiconductor Index shedding 0.1%.

Although the tech sector kept a lid on the market in the afternoon, a modest gain in the financial sector (+0.3%) prevented the S&P 500 from turning negative. Thanks to today's gain, the financial sector is now up 2.2% since the end of May.

Interestingly, financials outperformed today even as Treasuries spiked, dropping the benchmark 10-yr yield ten basis points to 2.39%.

Today's participation was in-line with yesterday's session as roughly 770 million shares changed hands at the NYSE floor.

Economic data included Initial Claims, Retail Sales, Import/Export Prices, and Business Inventories:
Weekly initial claims increased to 279,000 from an upwardly revised 277,000 (from 276,000) while the consensus expected an increase to 278,000
The four-week moving average inched up to 278,500 from 275,000
The continuing claims level increased to 2.265 million from an upwardly revised 2.204 million (from 2.196 mln) while the consensus expected a reading of 2.200 million
Retail sales increased 1.2% in May after increasing an upwardly revised 0.2% (from 0.0%) in April while the consensus expected an increase of 1.1%
As expected from the auto manufacturer reports, auto sales were strong in May, increasing 2.0%
Excluding autos, retail sales increased 1.0% in May after increasing an unrevised 0.1% in April while the consensus expected an increase of 0.7%
Export prices, excluding agriculture, increased 0.7% in May after decreasing 0.7% in the prior reading
Excluding oil, import prices were unchanged, which followed last month's 0.4% decline
Business inventories increased 0.4% in April after increasing an unrevised 0.1% increase in March while the Consensus expected an increase of 0.2%
The inventory changes from manufacturers (0.1%) and merchant wholesalers (0.4%) were known prior to the release. The only new information was that retailer inventories increased by 0.8% in April after increasing 0.3% in March
Tomorrow, May PPI (consensus 0.4%) will be released at 8:30 ET while the preliminary reading of the Michigan Sentiment Index for June will cross the wires at 10:00 ET (expected 91.5)
Nasdaq Composite +7.3% YTD
Russell 2000 +5.5% YTD
S&P 500 +2.4% YTD
Dow Jones Industrial Average +1.2% YTD

*DISH IS IN TALKS ON $10B TO $15B CASH FUNDING FOR TMUS BID: WSJ

(BFW) *DISH IS IN TALKS ON $10B TO $15B CASH FUNDING FOR TMUS BID: WSJ

http://www.wsj.com/articles/dish-networks-in-talks-with-banks-about-funding-t-mobile-bid-1434056519
BFW 06/11 20:55 *DISH IS IN TALKS ON $10B TO $15B CASH FUNDING FOR TMUS BID: WSJ
Dana Mattioli: Dish is in talks w/ banks about funding for a T-Mobile bid, including $10B to $15B in cash. Scoop from
2015-06-11 20:53:27.202 GMT

Dish is in talks w/ banks about funding for a
T-Mobile bid, including $10B to $15B in cash.
Scoop from @danacimilluca & all. $DISH
Dana Mattioli @DanaMattioli
 
Sent With: Twitter Web Client
  Original tweet on Twitter.com
found here.

Twitter profile information as of June 11, 2015

Description: Wall Street Journal M&A Reporter, Soccer Enthusiast, New Yorker
http://danamattioli.tumblr.com/ Dana.Mattioli@wsj.com

Tweets: 7,205  Following: 647  Followers: 14,553  Tweeting Since:
3/12/2009  Twitter Verified

-0- Jun/11/2015 20:53 GMT

FT : Apple to enable iPhone users to block ads

Apple to enable iPhone users to block ads

A customer looks at an iPhone 4 at the Apple Store 5th Avenue in New York, in this June 24, 2010 file photo. Apple Inc came clean on July 2, 2010 about an embarrassing software glitch that overstates network signal strength in its hot-selling iPhone, as complaints mounted about the phone's wraparound antenna. Apple admitted its signal strength miscalculation dates back to its original 2007 iPhone. It promised to fix the glitch in a few weeks, but did not directly address concerns that its antenna design causes reception problems for iPhone 4, its newest phone. REUTERS/Eric Thayer/Files (UNITED STATES - Tags: BUSINESS SCI TECH)©Reuters
Apple has paved the way for iPhone users to block online advertising shown in its Safari web browser, in an attempt to improve privacy that could prevent web publishers from reaching some of their most valuable customers.
Changes planned for iOS 9, the operating system that will be pushed out later this year, include “Content Blocking Safari Extensions”, according to documents shared with app makers this week at Apple’s Worldwide Developers Conference.

“Content blocking gives your extensions a fast and efficient way to block cookies, images, resources, pop-ups and other content,” Apple says in documentation for developers.
Apple believes that privacy and security are among its greatest differentiators against Google’s Android mobile platform, which as the main rival to iOS runs on more than three-quarters of all smartphones sold. Tim Cook, Apple chief executive, last week declared his belief in a “fundamental right to privacy” in a barnstorming speech in Washington DC.
Over a video link from Silicon Valley, he told an audience at an event organised by privacy research group Epic that many tech companies were “gobbling up everything they can learn about you and trying to monitise it. We think that’s wrong.”
Nonetheless, the move to enable ad-blocking on iPhones has caused concern among some in the media industry, as Apple customers are widely seen as a wealthier demographic desirable to advertisers.
Joshua Benton, director of Harvard University’s Nieman Journalism Lab, called it a “worrisome” development. “For the many news companies counting on mobile advertising for their business model, I don’t see a way that this change doesn’t shave off a real slice of mobile advertising revenue,” he wrote in a blogpost on Wednesday.
Ad-blocking has been available on the Mac version of Safari for several years, but if taken up by developers the tool would mean users can choose to install an app that would block online advertising and the tools used to target it on the iPhone’s browser for the first time.
Apple music deals draw antitrust scrutiny
Apple CEO Tim Cook, right, hugs Beats by Dre co-founder and Apple employee Jimmy Iovine at the Apple Worldwide Developers Conference in San Francisco, Monday, June 8, 2015. The maker of iPods and iPhones announced Apple Music, an app that combines a 24-hour, seven-day live radio station called "Beats 1" with an on-demand music streaming service. (AP Photo/Jeff Chiu)
Apple’s new music deals with record labels are under scrutiny by the US state officials whose investigations into the ebooks industry led to the company being found guilty of colluding with publishers to fix prices.
Continue reading
The planned update comes as Apple tries to re-establish its place at the at the heart of the media and entertainment industry with the launch of Music, an all-in-one subscription streaming and radio app, and News, a slick magazine-style app showing a range of free content from publishers that will compete with the likes of Flipboard and Facebook’s Instant Stories.
Apple’s News app will allow publishers to sell their own advertising or split revenues when using its own iAd tool.
A growing number of people use ad-blocking tools to view websites undisturbed by banners, pop-ups and other flashy graphics that they believe distract from editorial content. A study by Adobe and PageFair last year reported 70 per cent growth in usage of ad-blockers to an estimated 140m people.
Last month, it emerged that several European mobile operators plan to block advertising delivered over their networks as early as this year.
Some online advertising companies, including Google, Amazon and Microsoft, have paid Eyeo, the company behind popular tool Adblock Plus, to ensure their ads appear on a whitelist of “acceptable” ads that are not blocked.
However, in a blogpost about the planned changes in iOS 9, Sebastian Noack of Adblock Plus said that it was unclear whether Apple’s extension would help or hinder its technology.

“The best case is that the new API will help us to improve the performance and adblocking experience on Safari, and paves the way for an iOS adblocker,” Mr Noack wrote. “Or it will force us to rely upon an inferior blocking format that would essentially kill adblocking on Safari.”
Apple did not comment further on its plans.

(BFW) Carrefour: Plassat Term as Chairman, CEO Renewed for Three Yrs

BUS 06/11 14:50 Carrefour : Press Release
BN 06/11 14:51 *CARREFOUR: PLASSAT TERM AS CHAIRMAN, CEO RENEWED FOR THREE YRS
BN 06/11 14:50 *CARREFOUR RENEWS TERMS FOR PLASSAT AS CHAIRMAN
Carrefour: Plassat Term as Chairman, CEO Renewed for Three Yrs
2015-06-11 14:51:53.945 GMT


By Heather Burke
(Bloomberg) --

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