>>> YHOO - Reportedly looked at buying CNN or Scripps Networks

Reportedly looked at buying CNN or Scripps Networks 
- "Yahoo considered Scripps during a period in time when Mayer and other executives thought Yahoo would have billions of dollars to spend following the 2014 IPO of Alibaba."
- "A media industry source close to Yahoo executives says there were "pretty active" rumors over the summer that Yahoo wanted to buy CNN from Time Warner."



>>> Marissa Mayer Has Surprising Interest In Buying A Cable Channel, Yahoo Sources Say

Here is a perhaps crazy idea that sources tell us Yahoo CEO Marissa Mayer and her top executives have considered for saving the company: buying cable networks.

Here's what we're comfortable reporting:

For sure, Mayer and Yahoo considered acquiring Scripps Networks Interactive. Yahoo considered Scripps during a period in time when Mayer and other executives thought Yahoo would have billions of dollars to spend following the 2014 IPO of Alibaba, a company Yahoo invested in back in 2005. Scripps is the $10 billion parent company to seven cable channels including HGTV, the Food Network, and the Travel Channel. We've heard this from two sources, former Yahoos.
Yahoo may have actually begun M&A discussions with Scripps regarding at least two potential deals. A Yahoo source tells us the company entered into "talks" with Scripps in order to acquire the Food Network. After these "talks" began, the possibility that Yahoo might acquire all of Scripps entered into the conversations, this source says. We've been unable to corroborate these details with other Yahoo sources.
Yahoo may have interest in buying CNN. A media industry source close to Yahoo executives says there were "pretty active" rumors over the summer that Yahoo wanted to buy CNN from Time Warner. Buying CNN would cost Yahoo something like $5 billion or $6 billion, this source speculates.
A source with firsthand knowledge of Yahoo's interest in Scripps explained it to us.

Many of Scripps's media brands fit Yahoo's most in-demand demographic: women who are 25 or 35 and older.
Scripps has "super brand-friendly content."
Food Network shows are "relatively evergreen" — a show about making pasta that was created in 2010 will still be watchable for viewers, and worth sponsoring for advertisers, in 2015.
Yahoo would be able to distribute some of the original content it's already producing across the various channels.
Yahoo's sales force would be able to bundle TV ads with Web ads, and thereby theoretically charge a higher rate for both.
Owning cable networks makes it less risky for Yahoo to create Netflix-like long-form content. If the shows don't work on the Web, at least they'll have a home on TV.
Earlier this week, Tom Dolan of The Information wrote a post speculating that Yahoo would soon acquire CNN.

He wrote that "some sort of deal" between a tech company and a cable company "is preordained."

Dolan:

Several major tech companies are trading at or near all-time highs, and others—a more select group—have drawers of cash on hand waiting to be deployed.

Media companies meanwhile are struggling through a prolonged cycle of decreasing ratings and a fear that the stagnant ad marketplace will soon plummet. For cable channels in particular, the business of making money from carrier fees is long past its peak and most are scrambling to develop digital strategies involving delivering video over the Internet that can at least reach some of the audience they’ve lost.

It seems pretty unlikely that Yahoo and Scripps will merge anytime soon. It would probably cost Yahoo at least $15 billion to buy Scripps today. Technically, Yahoo could afford that price tag if Scripps shareholders would accept Yahoo stock rather than cash. Yahoo has a market cap that hovers around $50 billion. But the only reason Yahoo's market cap is so large is that it owns sizeable stakes in two very successful Asian internet companies: Alibaba and Yahoo! Japan.

Lately, many of Yahoo's largest shareholders have decided that they would like Mayer and Yahoo to find a way to "monetize" those stakes, and return the capital to Yahoo shareholders — instead of spending it on big acquisitions.

One popular plan among these shareholders is splitting Yahoo into to two publicly-traded companies — one that holds the Asian assets and one that holds Yahoo's core business. Estimates for the market cap of the new Yahoo range from $5 billion to $10 billion, about the same size as Scripps is now.

>>> US Early premarket gappers

Early premarket gappers
Gapping up: SGOC +76.6%, CLF +5.3%, IBN +3%, TTM +2.4%, VA +1.7%, NDRM +1.5%, NOK +1.4%, NXST +1.3%, CVEO +1.2%, K +1.1%, CNC +1.1%, GM +0.8%, AAPL +0.7%, TWTR +0.7%, FB +0.7%, AA +0.7%

Gapping down: MDXG -8.9%, TGTX -5.4%, LINE -5.2%, NRX -3.4%, BBD -2.8%, PBR -2.7%, SDRL -2%, SSL -1.5%, RYAAY -1.5%, SNN -1.4%, PRGO -1.2%, PRGO -1.2%, SNY -1.1%, SHPG -1%, ABX -0.9%, ARMH -0.9%, UL -0.8%

FT : CES 2015: Gadget convention looks beyond the geeks

CES 2015: Gadget convention looks beyond the geeks

Attendees wear Oculus Rift HD virtual reality head-mounted displays as they play EVE: Valkyrie, a multiplayer virtual reality dogfighting shooter game, at the Intel booth at the 2014 International CES, January 9, 2014 in Las Vegas, Nevada. AFP PHOTO / ROBYN BECK (Photo credit should read ROBYN BECK/AFP/Getty Images)©AFP
The Oculus Rift virtual reality headset was the show-stealer in last year’s CES
The pitches from the more than 3,500 companies planning to attend the technology industry’s biggest annual convention next week in Las Vegas sound awfully familiar.
New wearable devices, connected cars, smart homes, digital healthcare and the internet of things — the most active themes at this year’s International Consumer Electronics Show echo the topics that dominated the event last year.
Each January, CES exhibitors take over many of Vegas’s largest conference centres and hotel suites to show off the cutting-edge products they are planning to sell to consumers or supply to other tech companies over the coming year. Many of those products are not just gadgets that tech companies want consumers to buy for next Christmas, but products they want to define their company’s focus and trajectory for the next 12 months or more.
The particular challenge for exhibitors this year is to show not just how impressive their products are, but how they are going to win over consumers to emerging technologies, such as wearables and smart home appliances, that were hyped at CES last year but have been slow in gaining mass-market appeal. For tech companies, winning mass adoption for these new categories of products is key as growth slows in sales of smartphones, tablets and PCs and the industry looks for the next big area of expansion.
CES is also no longer just for consumer electronics companies. This year’s keynotes include the heads of Intel and Samsung, and senior executives from carmaker Ford, broadcaster CBS and fast-food chain McDonald’s.
“CES has turned into the new world’s fair,” said Frank Azor, general manager for Dell’s line of gaming computers. “It used to be about consumer electronics, and now everybody is using it to introduce the latest cool thing, even things that have no road maps to become products.”
Mercedes-Benz, the German carmaker, is bringing a new concept car to the show, while other automakers and car industry suppliers are showcasing new technologies for autonomous driving and in-car entertainment. This year’s convention also features special programmes for digital health, education technology, robotics and 3D printing.
But many launches at CES have struggled to gain traction outside the show. In 2010, tablets and ereaders from groups such as Microsoft and Lenovo featured prominently yet were rendered irrelevant just a few weeks later, when Apple launched its iPad. 3D TVs are another notorious flop that debuted in Las Vegas.
A look at the areas in focus at this year’s CES shows how the industry is still figuring out how to make its newest inventions resonate with a wider market than the fans flocking to Nevada this week.
Automotive
The car, jokes one technology executive heading to CES, was the original mobile device. But now, carmakers, technology leaders and media companies are all jostling to try and figure out how to make that original mobile device integrate with the far smaller ones that have proliferated since the days of Henry Ford.

Many of the major manufacturers are making an appearance at this year’s show, including Ford, Toyota and Chevrolet. Daimler will also be there, with its chairman planning to show off a new concept car and talk about autonomous car technology.
“I’m starting to think of CES as the car electronics show rather than the Consumer Electronics Show,” said Drue Freeman, an executive who works on automotive sales for NXP, the chipmaker.
The highest-profile recent automotive invention — Google’s self-driving car — will not make an appearance but CES will be rife with modifications of autonomous car technologies that work alongside drivers, as well as new ways to link up cars and smartphones so drivers can use their phones’ maps and music apps.
Many similar innovations made an appearance at last year’s show, including a self-parking feature demonstrated by BMW. Long development cycles in the car industry means the more novel breakthroughs will take years to hit the market. Chipmakers and software developers looking to sell more into automotive companies are also taking a long view and showing off concept cars that might never be adopted but might instead demonstrate the full capabilities of their engineers.
Wearables
Wearable technology received more hype than any other technology at last year’s CES, with smart watches and fitness trackers featuring prominently in keynotes from Samsung, Sony and Intel. But many consumers are still taking a wait-and-see approach.
Experimentation remains the dominant theme, with many in the industry predicting that the market will develop into a “long tail” of devices catering to specific needs, unlike smartphones where Apple and Samsung dominate.
Motion and biometric sensors are finding their way not only into wristbands but into running shirts, cycling jackets, socks and even pet accessories.

But with many features of fitness wristbands — such as step tracking — already seeming commoditised, fashion, branding and celebrity endorsements are one way of standing out. After fashion designer Tory Burch and leading fitness tracker maker Fitbit announced a partnership last year, US clothing brand Guess is now teaming up on a smart watch with wearables start-up Martian, in just one of the partnerships set to be on show at the event.
Others are going niche by building sophisticated medical-grade devices, such as Be Smart’s Bluetooth-enabled diabetes tracker, which can automatically share blood sugar data with a patient’s doctor.
Pankaj Kedia, who leads the wearables business for chipmaker Qualcomm, says the sector is still in its “first innings”.
“It’s an emerging category — we are early,” he says, predicting that much-needed improvements in battery life and device size will emerge in 2015.
Virtual reality headsets and smart glasses
The unexpected show-stealer of last year’s CES was the prototype of the Oculus Rift virtual reality headset. The company was acquired by Facebook for $2bn in March and has just released its first headset in partnership with Samsung, the Gear VR.
Virtual reality looks set to stand out again this year.
Oculus will be showing its latest Rift this year but already faces a growing number of competitors and imitators. As well as VR, “augmented reality” — where specially equipped glasses show digital images that appear to hover above the real world — could make waves despite a difficult start for Google Glass, the technology’s best-known product. Among the devices on display will be Epson’s Moverio headset and new high-definition “smart glasses” from Osterhout Design Group, which has previously made augmented-reality eyewear for the US military.
4K TVs
Just a few years ago, 3D televisions were everywhere at CES, heralded as the next big media breakthrough. But consumers never warmed to the idea of wearing special glasses to watch TV and the industry has been anxiously hunting for a new idea ever since. Samsung’s big push into curved screens has been followed by other manufacturers, and they already account for one in 10 TV sales at UK retailer Dixons Carphone.
But analysts said the big TV breakthrough at CES will not come from a new technology but from the more prosaic matter of lower prices. A tipping point is finally approaching for 4K — also known as ultra-high definition (UHD) — which boasts four times the resolution of today’s HD sets. 4K sets from big-name manufacturers including LG are falling to below $1,000, and with content support from the likes of Netflix, 4K is now both appealing to and within reach of the mass market.
“TV makers have been shifting their manufacturing capacity to be ‘all in’ on the 4K TV market opportunity,” says John Curran, a managing director for Accenture’s communications, media, and technology group. “This has helped drive down costs. We expect to see many more sets at very compelling consumer price points.”
Smart home
Shortly after last year’s CES, Google spent over $3bn to buy Nest, a maker of internet-connected thermostats and smoke detectors that had demonstrated its devices at the show. The deal was meant to herald a year of consumer interest in so-called smart home technology, where household appliances connected to the internet and fixtures such as locks can be controlled via app. Not much, however, has followed on from the Nest deal. Locks that can open with a tap of a phone, refrigerators that send text messages and cloud-based security cameras remain niche among consumers, with many questioning not just the need for the technology but the privacy and security implications of bringing their homes online.
This year, companies are bringing out a host of new smart home gadgets they hope will spark new excitement. More than 900 exhibitors, including tech giants Samsung and Intel and appliance company Bosch, are showing their work in smart homes and the broader internet of things, or the integration of connectivity into everyday items.
A speech by Edith Ramirez, chairwoman of the US Federal Trade Commission, about privacy issues and the proliferation of connected devices means CES 2015 will also probe some of the difficulties, technical and regulatory, facing such technology.

Reuters - Fed forecasting tool calls for immediate rate hike, Plosser says

(Reuters) - A forecasting tool developed by the Federal Reserve recommends that U.S. interest rates should be hiked immediately to keep pace with the improving economy, according to a paper by the soon-to-retire Philadelphia Fed President Charles Plosser.

Plosser, among the minority of hawkish monetary policymakers, co-published research showing the Fed-developed model calls for rates to jump from near zero to 0.5 percent in the fourth quarter of 2014, and to rise to 1.1 percent by the second quarter of 2015.

The paper was co-authored by Philadelphia Fed director of research Michael Dotsey, who is in the running to succeed Plosser once he steps down on March 1. It recommends a more aggressive tightening cycle than that predicted by the Fed's core of officials, who generally see a mid-2015 hike and about a 1-percent federal funds rate by year end, if the economy continues to strengthen.

"We believe the economy has returned to a more normal footing and ... our benchmarking indicates that monetary policy should follow suit," Plosser and Dotsey wrote.

The Fed is taking a more patient approach to its first rate hike in nearly a decade because U.S. inflation remains weak and the global economy is slowing. Fed Chair Janet Yellen suggested in December that no action will be taken for another few months.

Plosser, who has long argued for a rules-based approach to policy making, showed other more familiar forecasting models also call for an immediate tightening. Delaying "well into 2015 runs the risk of requiring more aggressive future monetary policy than would otherwise be needed," he said in the paper.

The so-called Estimated Dynamic Optimization model, developed by economists at the Fed's Board of Governors and used internally since 2006, gives a policy rule based on economic data through the third quarter and does not account for the recent plunge in oil prices.

It recommends a 2.8-percent federal funds rate by the end of 2017.

FT : Air Liquide chief Potier says France must change

Air Liquide chief Potier says France must change

A leading French industrialist has said that it is easier for French companies to do business outside the country than in France itself.
“French companies are doing very well outside of France, and that’s a very good example of what we can do,” said Benoît Potier, chief executive of Air Liquide, the French industrial gas group with a market capitalisation of €35bn. “So why don’t we invent in France the environment that we find in the rest of the world?”

Mr Potier was speaking to the Financial Times at a conference and exhibition in Paris designed to showcase France’s technological achievements. Among 200 stands displaying innovations from domestic robots to self-tattooing machines, Air Liquide exhibited a hydrogen-powered electric bicycle, and one of the two first hydrogen-powered cars registered in France.
Mr Potier said the key challenges he faced in doing business in France were the inflexibility of the labour market and the tax system. Although it was unfair, he added, to describe France as “the sick man of Europe”, “the problem of France is to find the way to be more dynamic, to grow, and to find the recipes for that”.
“We have to accept that France needs to change. We have to abandon the past and reinvent the future,” said Mr Potier, who also chairs the European Round Table of Industrialists, which groups together more than 50 chief executives and chairmen from multinationals active in the region.
He said companies in Europe faced too many constraints on doing business. In particular he said business needed a coherent approach by government to climate change and energy policy, and demanded a single digital market in Europe.
“This is going to be one of the key topics for the next five to 10 years,” he added.
In 2013 Air Liquide made just over half its €15.2bn revenues in Europe, and 23 per cent in both Asia and the Americas.
Mr Potier welcomed the recent announcement by Jean-Claude Juncker, the new European Commission president, of a €315bn three-year investment plan in Europe, but he said he was concerned about the lack of a strategic plan behind it.
“The issue with an investment plan is not the financing,” he said. “The financing normally comes second. If we as companies had to make a plan, we would not start by telling the board, this is how we’re going to finance [it].”
Mr Potier said infrastructure and education could be strategic priorities for the Juncker plan, which involves €21bn in guarantees provided by the European Investment Bank and the EU budget, to be used to raise private financing to invest in new projects.

FT : Air Liquide chief Potier says France must change

Air Liquide chief Potier says France must change

An employee loads gas cylinders at the Air Liquide SA factory in Moissy Cramayel, France, on Monday, Feb. 13, 2012. Air Liquide SA will invest 40 million euros in a new air separation unit in South Africa after signing a long-term gas supply contract with Evraz Highveld Steel & Vanadium, the company said in an e-mailed statement. Photographer: Fabrice Dimier/Bloomberg©Bloomberg
A leading French industrialist has said that it is easier for French companies to do business outside the country than in France itself.
“French companies are doing very well outside of France, and that’s a very good example of what we can do,” said Benoît Potier, chief executive of Air Liquide, the French industrial gas group with a market capitalisation of €35bn. “So why don’t we invent in France the environment that we find in the rest of the world?”

Mr Potier was speaking to the Financial Times at a conference and exhibition in Paris designed to showcase France’s technological achievements. Among 200 stands displaying innovations from domestic robots to self-tattooing machines, Air Liquide exhibited a hydrogen-powered electric bicycle, and one of the two first hydrogen-powered cars registered in France.
Mr Potier said the key challenges he faced in doing business in France were the inflexibility of the labour market and the tax system. Although it was unfair, he added, to describe France as “the sick man of Europe”, “the problem of France is to find the way to be more dynamic, to grow, and to find the recipes for that”.
“We have to accept that France needs to change. We have to abandon the past and reinvent the future,” said Mr Potier, who also chairs the European Round Table of Industrialists, which groups together more than 50 chief executives and chairmen from multinationals active in the region.
He said companies in Europe faced too many constraints on doing business. In particular he said business needed a coherent approach by government to climate change and energy policy, and demanded a single digital market in Europe.
“This is going to be one of the key topics for the next five to 10 years,” he added.
In 2013 Air Liquide made just over half its €15.2bn revenues in Europe, and 23 per cent in both Asia and the Americas.
Mr Potier welcomed the recent announcement by Jean-Claude Juncker, the new European Commission president, of a €315bn three-year investment plan in Europe, but he said he was concerned about the lack of a strategic plan behind it.
“The issue with an investment plan is not the financing,” he said. “The financing normally comes second. If we as companies had to make a plan, we would not start by telling the board, this is how we’re going to finance [it].”
Mr Potier said infrastructure and education could be strategic priorities for the Juncker plan, which involves €21bn in guarantees provided by the European Investment Bank and the EU budget, to be used to raise private financing to invest in new projects.