>>> Boeing ;Receives Copa Airlines Order for 61 737 MAX 8, MAX 9 Airplanes; deal

Receives Copa Airlines Order for 61 737 MAX 8, MAX 9 Airplanes; deal valued at $6.6B at list prices 

Panama President Juan Carlos Varela Rodriguez and U.S. President Barack Obama witnessed a historic agreement in which Copa Airlines and Boeing announced an order for 61 737 MAX 8 and MAX 9 airplanes. The order, valued at $6.6 billion at list prices, is the largest commercial transaction ever between a Panamanian and a U.S.-based company.

The signing ceremony took place in Panama City as leaders from throughout the Western Hemisphere gathered for the seventh Summit of the Americas. Presidents Varela and Obama were on hand as Copa Chairman Stanley Motta, Copa CEO Pedro Heilbron and Boeing Chairman and CEO Jim McNerney signed documents recognizing the agreement. The airplanes were previously attributed to an unidentified customer on Boeing's Orders and Deliveries web site.

(BFW) ECB QE May Trigger Record Equity Fund Inflows Over 2015: BofAML

ECB QE May Trigger Record Equity Fund Inflows Over 2015: BofAML
2015-04-10 12:53:25.842 GMT


By Charles Daly
(Bloomberg) -- Europe equity retail funds may attract
record inflows this year if YTD data is any pointer as investors
favor stocks while the ECB buys fixed-income assets, BofAML
strategist Ioannis Angelakis writes in client note, citing EPFR
Global data.
* More than $54b has been added in equities in first 14 wks of
2015, the strongest ever start for a yr
* Should pace continue, European equities could see >$200b of
inflows in 2015
* IG credit has also benefited with $24b of inflows YTD;
extrapolating for full year, IG flows could total $90b (>30%
higher vs 2014)
* NOTE: 3-Mo. total returns for Euro Stoxx50 and EUR IG Corp
indexes currently 25.7% and 1.29% respectively, Bloomberg
data show


For Related News and Information:
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To contact the reporter on this story:
Charles Daly in Stockholm at +46-8-610-0717 or
cdaly22@bloomberg.net
To contact the editors responsible for this story:
Jenny Paris at +44-20-3525-4044 or
jparis20@bloomberg.net
V. Ramakrishnan

>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance: QTM +17.4%, SYNC +3.8%, BXMT +3.7%, RT +2.8%, DQ +1.5%, .

M&A news: EXL +14.9% (enters into agreement to be acquired by Blackstone (BX) for $15.85 per share in an all-cash transaction valued at ~$2 billion), BXMT +3.7% (announces acquisition of $4.6 billion loan portfolio from GE Capital (GE)), BX +1.9%, WFC +0.7% (WFCand Blackstone (BX) to buy GE (GE) Capital's real estate assets for $23 bln)

Select metals/mining stocks trading higher: GFI +4%, AU +2.1%, PAAS +2.1%, AUQ +2.1%, AU +2.1%, TSM +2%, IAG +2%, SLV +1.5%, GG +1.1%, EGO +0.9%, AEM +0.9%, ABX +0.8%

Other news: VLTC +9.3% (cont momentum higher), ACUR +8.4% (announced intent to initiate development of an abuse deterrent Hydrocodone with acetaminophen tablets), GE +7.3% (sells GE Capital Real Estate assets to Blackstone, (BX, BXMT) and Wells Fargo (WFC) for ~$26.5 bln; reaffirms Industrial earnings gudiance; announces new $50 bln buyback), KOOL +5.3% (announces an update on its clinical trials of critical limb ischemia and acute myocardial infarction), EURN +4.8% (still checking), CNIT +4.8% (announced that the Company signed a strategic agreement with the Luoyang municipal government to install 300 units), HZNP +3.5% (announces it has received FDA Fast Track Designation for ACTIMMUNE to treat Friedreich's Ataxia), IBIO+2.9% (cont strength), CMG +2.7% (still checking), JRJC +2.3% (likely benefitting from increased interest in Chinese/HK equities), SSLT +2.1% (reports Q4 production results), SNE +2.1% (hearing of a couple of target increases in Japan), PZG +1.9% (provided spin-off transaction update: SEC has declared effective the Registration Statement on Form S-1 filed by co's subsidiary Paramount Gold Nevada), SUNE +1.9% (favorable commentary on Thursday's Mad Money), AAL +0.9% (releases March traffic data)

Analyst comments: GIMO +3.2% (upgraded to Outperform from Market Perform at William Blair), NFLX +2.6% (upgraded to Buy from Neutral at Citigroup), M +2% (upgraded to Buy from Neutral at Buckingham Research), BMS +1.3% (upgraded to Buy from Neutral at BofA/Merrill), UNP +1.2% (upgraded to Buy from Hold at Stifel), GM +1.1% (added to Focus List at Citirgroup),VRTX +1.1% (initiated with a Buy at Canaccord Genuity)

>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance: EXTR -19.8%, MDCO -7.3%, ANGO -5.8%, CTXS -5.7%, TSRI -4.5%, DHRM -3.9%, FIS -3.6%, PSMT -2.8%, GPS -2%

Select China related names showing weakness (likely related to profit taking after recent run up) : YZC -3.8%, CHU -3.6%, PTR -2.5%, SNP -2.3%, CHL -2%, SHI -1.7%, LFC -1.6%

Other news: GALE -7.9% (disclosed it received a Warning Letter from the FDA relating to certain matters identified in previous Form 483 Notice), CMP -4.4% (reports that above average Q1 snow events in the company's core North American service area offset mild weather in December), AZN -3.2% (Briefing documents released ahead of Endocrinologic and Metabolic Drugs Advisory Committee meeting on AZN and Takeda (TKPYY)), AMRN -3.1% (filed for ~35.215 mln share ordinary share offering and for a ~352.15 mln Series A preference share offering by selling shareholders), QURE -2.9% (prices 3,000,000 ordinary shares at $29.50 per ordinary share), GBDC -2.6% (announced public offering of 3.5 mln shares of its common stock), RDC -1.5% (disclosed that the Rowan Reliance drillship experienced a loss of seal in the riser connection system)

Analyst comments: RESI -1% (downgraded to Mkt Perform from Outperform at Keefe Bruyette), LPX -1% (downgraded to Neutral from Buy at BofA/Merrill), SEE -0.9% (initiated with a Market Perform at BMO Capital), WLL -0.7% (downgraded to Hold from Buy at Canaccord Genuity)

WWD : Chanel Tests Net-a-porter Shop

LONDON — Ahead of its dive into e-commerce next year, Chanel is testing the digital waters with a shop-in-shop at Net-a-porter.com for a capsule collection of fine jewelry called Coco Crush.

The six-piece collection will make its debut on Wednesday, with a digital shop-in-shop selling five rings and one cuff designed by Chanel’s Studio of Creation. The shop will remain open for three weeks after the launch before moving to Chanel stores across the globe.

The pieces draw on the world of Coco Chanel and feature the brand’s signature matelassé or quilted pattern, on 18-karat white and yellow gold designs. Chanel first used the matelassé for jewelry in 1993, when it officially branched into the bijoux business.

The temporary space is Chanel’s first e-commerce project, and a new concept for Net-a-porter, whose in-house team built the shop-in-shop from scratch using Cloud-based technology.

The understated yet tony collection is meant to attract a wider audience and be worn in the daytime. Rings are expected to retail between 1,970 euros and 3,250 euros, or $2,133 to $3,520 at current exchange, while the cuff will go for 19,000 euros, or $20,580.

“What we wanted to do was an exclusive digital launch, and we thought it was a good idea to partner with Net-a-porter, which has a fashionable and strong audience in luxury,” Benjamin Comar, international director of Chanel Fine Jewelry, told WWD.

Comar added that the cooperation was not linked to Chanel’s plans of building an e-commerce business by the end of 2016, but was more of a “one-time shot.” He described the Net-a-porter customer as very “international and a real connoisseur.”

Alison Loehnis, president of Net-a-porter.com, said the company “had always wanted to partner with [Chanel] in some way.” She called the shop “quintessentially Chanel, full of the brand’s DNA and very modern” and added the Net-a-porter team has created an “entirely bespoke world” for the collection.

Loehnis pointed out that, for the first time, Net-a-porter has eschewed its own signature white background in lieu of black, and that the jewels “pop” thanks to 360-degree photography that allows shoppers to zoom in on the products, and an overall responsive design.

She noted that fine jewelry is a fast-growing category on the site, with growth in the double digits, and the trend is for women to buy for themselves rather than wait to receive it as a gift.

Going forward, she said while Net-a-porter wouldn’t replicate the Chanel shop, she could envision similar partnerships.

As reported last month Chanel could launch e-commerce as early as the fourth-quarter of 2016, according to Bruno Pavlovsky, Chanel’s president of fashion. In addition, three of the Métiers d’Art companies, owned by Chanel under its Paraffection subsidiary, will launch e-commerce by the end of this year.

(Der Spiegel) Supervisory boards attack VW Boss: "I am to distance Winterkorn"

Supervisory boards attack VW Boss: "I am to distance Winterkorn"

Volkswagen CEO Martin Winterkorn by SPIEGEL information no chance to take over the Chairmanship at the end of his term. The ratio to supervisory board chairman Piech is disturbed. He says: "I am to distance Winterkorn."

Until now, it was generally agreed that Winterkorn in spring 2017 Chairman of the Wolfsburg car company is the latest. But in the Supervisory Board, an increasing criticism of the VW boss. Hans Michel Piëch, who sits on the VW board raises Winterkorn, that he does not get the problems in the US business to grips with the Volkswagen brand Show chartonly low returns while for years about getting into low-cost segment with a "Budget Car "is discussed, but has still not made ​​a decision.


In the Porsche and Piëch families, which together hold 53.1 percent of the common shares of the Volkswagen Group, it is speculated that the Chairman would nominate his wife Ursula as successor. Ferdinand K. Piëch granted these speculations a rejection: "I strive for, that the right people come to the forefront of the Supervisory Board and the Management Board, "he says Der Spiegel," and that are not family members, that's not my wife. " Ursula Piëch is currently member of the VW supervisory board. "More will not make," says Ferdinand K. Piëch. He wanted to "not govern by my wife on."
The decision as to who should be at the forefront of the Management Board and the Supervisory Board in the VW group in future, fall only in 2017, "shortly before I left," says Piëch. The candidates for this are already in the company. These two peak positions of the Group would have to be each occupied by a technician.

In the management of the carmaker is observed for some time that the ratio between the Chairman and the CEO Piëch Winterkorn is disturbed. Ferdinand K. Piëch says told Der Spiegel: "I am to distance Winterkorn."

This was above all because Piëch had worked for decades with Winterkorn, he had taken as his assistant in 1981 to Audi, closely. In March last year Piëch had to the question whether he saw the group on the right track, replied: "Not really." Since then, the problems especially with the Volkswagen brand, which leads Winterkorn personally rather have grown.