(BFW) LVMH 1H Organic Sales Growth Beats Ests.

LVMH 1H Organic Sales Growth Beats Ests.
2015-07-28 15:48:44.669 GMT


By Heather Burke
(Bloomberg) -- LVMH 1H total rev. EU16.71b, est. EU16.37b.

* 1H total organic sales growth 6%, est. 4%
* 1H total profit recurring ops EU2.96b, est. EU2.93b
* 2Q organic sales growth 9%, est. 5%
* To pay interim div. EU1.35
* Call 6pm CET +44 (0) 203 367 9457
*Preview


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

To contact the reporter on this story:
Heather Burke in London at +44-20-3525-2044 or
hburke2@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net

REuters - Dropping deal a fast track to Iran nuclear weapon, Kerry warns Congres



Dropping deal a fast track to Iran nuclear weapon, Kerry warns Congress


Secretary of State John Kerry told U.S. lawmakers on Tuesday he wanted to set the record straight on the Iran nuclear deal and equated walking away from the agreement to giving Tehran a fast track to a nuclear weapon.

"There are conclusions that have been drawn that don't in fact match with the reality of what this deal sets forth. And we happily look forward to clarifying that during the course of this hearing," Kerry told the House of Representatives Foreign Affairs Committee.

Joined by two other members of President Barack Obama's cabinet, Treasury Secretary Jack Lew and Energy Secretary Ernest Moniz, Kerry was part of the Democratic administration's blitz to coax lawmakers into supporting the nuclear deal.

Under a law Obama signed in May, the Republican-controlled Congress has until Sept. 17 either to endorse or reject or do nothing about the agreement, allowing it to take effect. Rejection would prevent Obama from waiving most U.S.-imposed sanctions on Tehran, a key component of the deal.

Kerry, Lew and Moniz also testified in the Senate on Thursday, and Defense Secretary Ash Carter is among officials due to speak to lawmakers later this week.
Under the July 14 deal, world powers agreed to lift sanctions on Tehran in return for long-term curbs on a nuclear program that the West suspects was aimed at creating an atomic bomb, but which Tehran says is peaceful.

Kerry insisted that walking away would isolate the United States.
"If we walk away, we walk away alone. Our partners are not going to be with us. Instead they'll walk away from the tough multilateral sanctions that brought Iran to the negotiating table in the first place," Kerry said.

House members signaled the difficulties the administration will face getting Congress on board.

Representative Ed Royce, the committee's Republican chairman, said the deal would provide Tehran with a "cash bonanza" while weakening Washington's ability to pressure Iran's leaders.
Some Democrats were skeptical also. Representative Eliot Engel, the committee's top Democrat, said he saw a number of troublesome issues in the agreement.

The administration officials insisted the deal was a better way to keep Iran from developing a nuclear weapon than more sanctions, or military action.

(Manager- Magazin) Printed edition big Article on BMW & New strategy

More commentrs about apple and th potential collabotrration between the 2 companies...

BMW has been a huge Underperformer lately, mostly becasue of its Chinese Exposure...maybe time to come back on an another Story...Apple partnership on electric care will be a game changer/killer in the industry...

Find attached the full article in PDF but in german...

NY Post : Are Apple & BMW making an electric car together?

Apple and BMW share a fondness for sleek engineering, but is that enough for them to bond over an electric car?
Reports out of Germany are giving the proposition a definite maybe — with claims the two are teaming up to take on Tesla.
Apple has been talking with BMW since the fall of 2014 about appropriating aspects of the company’s i3 electric car, according to German business magazine Manager Magazin.
The i3, BMW’s first all-electric vehicle, is said to have a carbon-fiber body that Apple wouldn’t mind incorporating into its own entry in the $1 trillion auto industry.
Tech and Tesla watchers have been aflutter since February after The Wall Street Journal reported Apple CEO Tim Cook had signed off on an electric-car project, code named Titan, in 2014.
Adding fuel to the fire was Apple’s recent hiring of Chrysler veteran Doug Betts and a slew of other automotive experts.

NY Post : Activist Peltz ready for another round in battle with DuPont

Nelson Peltz is down but not out.
The billionaire activist, who lost a high-profile proxy battle with DuPont earlier this year, is ready to renew his public attack on the slumping chemical giant, The Post has learned.
“He is watching [DuPont] very closely,” a source close to Peltz told The Post.
Peltz’s Trian Fund Management still holds a 2.7 percent stake in Wilmington, Del.-based DuPont and has no intention of selling shares, the source added.
DuPont, led by CEO Ellen Kullman, gave Peltz more ammunition Tuesday when it reported second-quarter results that fell short of estimates.
The company also cut its full-year earnings forecast, citing the spin-off of its performance chemicals unit and a weak demand for farm products like pesticides and seeds.
The stock, which has fallen more than 20 percent this year, was down 4.8 percent to $54 in trading Tuesday morning.
“Peltz will have plenty of time and ammunition to keep coming after DuPont,” said one analyst who declined to be named.
DuPont in May beat back Peltz, who was pushing to streamline operations and potentially break up the company in his campaign to gain four board seats.
Kullman won over shareholders thanks largely to the July 1 spin off DuPont’s Chemours chemicals unit and the expectation of a $100 million quarterly dividend paid to DuPont shareholders.
But Chemours’ disappointing results signal it can no longer afford that big a dividend, said the analyst, adding: “It might be lowered by half.”