(BFW) *ITALY FINANCE MINISTRY SAYS NOT PLANNING TO SELL ENI STAKE

BN 03/17 13:06 *ITALY SAYS NOT PLANNING TO SELL ENI STAKE ON MARKET
BN 03/17 13:06 *ITALIAN FINANCE MINISTRY COMMENTS IN E-MAILED STATEMENT
BN 03/17 13:05 *ITALY FINANCE MINISTRY SAYS NOT PLANNING TO SELL ENI STAKE
*ITALY FINANCE MINISTRY SAYS NOT PLANNING TO SELL ENI STAKE
2015-03-17 13:09:10.297 GMT

--CHIARA REMONDINI

-0- Mar/17/2015 13:09 GMT

(BFW) ‘Over My Dead Body’ Will Vivendi Sell Universal Music: CEO

BN 03/17 12:46 *VIVENDI SAYS WILL USE `BILLIONS' IN WAR CHEST FOR ACQUISITIONS
BN 03/17 12:45 *VIVENDI SAYS UNIVERSAL MUSIC IS NOT FOR SALE
BN 03/17 12:45 *VIVENDI CEO DE PUYFONTAINE SPEAKS AT LONDON MEDIA CONFERENCE
BN 03/17 12:45 *VIVENDI CEO SAYS DISPOSAL PROCESS `NOW NEARLY FINISHED'
BN 03/17 12:45 *VIVENDI CEO SAYS NO INTERESTED IN ACQUIRING LIONS GATE
BN 03/17 12:45 *`OVER MY DEAD BODY' WILL VIVENDI SELL UNIVERSAL MUSIC: CEO
‘Over My Dead Body’ Will Vivendi Sell Universal Music: CEO
2015-03-17 12:53:45.926 GMT


By Blanche Gatt and Kristen Schweizer
(Bloomberg) -- Vivendi CEO Arnaud De Puyfontaine says
Universal Music isn’t for sale.
* De Puyfontaine speaks at London media conference; says
disposal process “now nearly finished”
* Says Vivendi isn’t interested in acquiring Lions Gate
* Co. will use “billions” in war chest for acquisitions
* NOTE yday: Scripps to acquire controlling stake in TVN from
ITI and Canal+ Group for all-cash consideration of EU584m
Link


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To contact the editor responsible for this story:
Blanche Gatt at +44-20-3525-0351 or
bgatt@bloomberg.net

>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance: DSCO -29%, MCP -21.6%, BOOM -12%, CALL-10.6%, PLUG -9.8%, XONE -7.6%, NOAH -6.8%, STEM -6.5%, WYY -4.8%, BDSI -4.1%, RTK -4%,EGY -3.8%, RFIL -3.8%, VEC -2.8%, ORAN -2.7% (guidance at analyst meetings), OMER -1.6%, IOC-1.4%, RSPP -1.3%, ZBRA -1.1%, AIQ -1%, ANW -0.7%, ARCO -0.5%

Select financial EU names showing weakness: ARMH -1.9%, BCS -1.6%, SHPG -1.6%, AEG-1.1%, RCL -1%, VOD -0.9%, NOK -0.8%, CCL -0.8%

Other news: CRZO -4.6% (prices 4,500,000 shares of its common stock at $45.50 per share), JKS-3.5% (announces Information from fire accident at one of its raw material processing workshops),JMBA -3.3% (filed to delay Form 10-K), HIMX -3.3% (cont weakness), MYE -2.5% (filed to delay Form 10-K; co has recently uncovered what appear to be errors in the accounting for inventory and possibly fraudulent activities at its Brazilian operations), QGEN -2.3% (confirms new partnership with Tokai Pharmaceuticals (TKAI) to combine new circulating tumor cells technology with a molecular assay),RTRX -2.2% (co offering to sell 5.1 mln shares of its common stock in an underwritten public offering),FCAU -2% (reports February automobiles sales in Europe), KCAP -1.9% (filed to delay Form 10-K), WD-1.7% (announced the commencement of a public secondary offering of 8,246,534 shares of common stock held by funds managed by affiliates of Fortress Investment Group LLC (FIG); In addition, co will repurchase from the Underwriter 3 mln of those shares), MBLY -0.8% (upsizes and prices 17,127,000 ordinary shares by selling shareholders at $41.75 per share)

Analyst comments: WTW -9.2% (downgraded to Underperform from Neutral at Credit Suisse; tgt lowered to $5 from $14), WLL -3.2% (downgraded to Neutral from Positive at Susquehanna), LNKD -2% (initiated with a Sell at Brean Capital), BLT -1.7% (downgraded to Sector Weight at Keybanc Capital Mkts), SIRO -1.4% (downgraded to Market Perform from Outperform at William Blair), ICPT -0.8% (initiated with a Hold at MLV & Co), GM -0.8% (resumed with a Underweight at Morgan Stanley)

>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance: BDE +15.2%, HCCI +14.4%, NES +7.1%, JMEI +6.7%,KVHI +6%, DSW +5.3%, SSH +4.4%, CDTI +4.1%, BURL +3.4%, LJPC +3.1%, QUNR +3.1%, CUI+1.6%, LEU +1%, ROSG +0.6%, .

M&A news: BHP +1.1% (recommended shareholders approve the proposed demerger of South32)

Select airline related names showing strength: JBLU +2.2%, LUV +2.1%, DAL +1.8%, SAVE+1.5%

Other news: BDE +15.2% (announced that it has engaged the financial advisory firms Rothschild Inc. and Robert W. Baird & Co. to lead the exploration of a full range of strategic alternatives for each of its brands; co also reported earnings), CNET +13.3% (has committed a cash investment for an ~10% ownership stake in O'Yummy Investment Management), IMNP +9.6% (to develop a novel topical nanoparticle formulation of AmiKet), FISI +7.3% (filed for $100 mln mixed securities shelf offering), AAL+5.6% (to replace AGN in the S&P 500), CLDX +5.3% (announces clinical trial collaboration with Roche to evaluate the combination of Varlilumab and MPDL3280A), AMRN +2.5% (announced the presentation of findings from a new in vitro study showing that pretreatment with eicosapentaenoic acid reduced oxidation of small dense LDL and resulted in improved endothelial function), MVIS +2.5% (cont strength), NXTD +1.6% (announced it has shipped Wocket smart wallets today), NUS +1.5% (received approval from China's Ministry of Commerce for the company to commence direct selling activities in Shaoxing City in Zhejiang Province), KIN +0.9% (announced positive results of pilot field study of KIND-012 for the control of fever in horses; Randomized, blinded, placebo-controlled Phase 2 study meets its primary endpoint)

Analyst comments: CNAT +4.1% (reinstated with a Buy at ROTH Capital), ATHM +0.9% (upgraded to Overweight from Equal Weight at Barclays), LXP +0.6% (upgraded to Buy from Neutral at Ladenburg Thalmann)

>>> COP US : Provides 2015 to 2017 Capital Budget and Growth Outlook; Believes i

Provides 2015 to 2017 Capital Budget and Growth Outlook; Believes it Prudent to Position Co for Lower, More Volatile Commodity Prices for Forseeable Future 

ConocoPhillips (NYSE: COP) today announced its 2015 to 2017 capital budget and growth outlook. Details of the 2015 to 2017 plan will be reviewed at the companys upcoming Analyst and Investor Meeting on April 8, 2015.

For the past three years, ConocoPhillips has consistently delivered our stated objectives against a backdrop of relatively high, stable commodity prices, said Ryan Lance, chairman and chief executive officer. As commodity prices declined in late 2014, we took decisive action to adjust our 2015 spending. We now believe it is prudent to position the company for lower, more volatile prices for the foreseeable future. Our new plan will continue to focus on delivering a compelling dividend, while also achieving sustainable, modest volume growth and competitive returns. We strongly believe this is an attractive formula for shareholders and we look forward to sharing the details of our plans.

>>> US Early premarket gappers

Early premarket gappers
Gapping up: HCCI +14.4%, BDE +10.1%, SSH +9.2%, IMNP +9%, FISI +7.3%, DSW +7.2%, KVHI +6%, NES +5.8%, ZBRA +5.7%, MVIS +4.1%, AAL +3.9%, AAL +3.9%, BURL +3.4%, LJPC +3.1%, QUNR +3.1%, AMRN +2.8%, NUS +2.7%, JMEI +2.1%, NXTD +1.6%, JBLU +1.6%, CUI +1.6%, CTIC +1.5%, LUV +1.1%, LEU +1%, KIN +0.9%, ROSG+0.6%

Gapping down: MCP -21.6%, DSCO -21.3%, BOOM -12%, WTW -10.9%, PLUG -10.9%, CALL -10.6%, XONE -7.6%, NOAH -6.8%, JKS -5.6%, ABIO -4.9%, CRZO -4.8%, STEM -4.8%, WYY -4.8%, EGY -3.8%, JMBA -3.3%, ALU -3.3%, ICPT -3.2%, QGEN -3.1%, WD -3%, VEC -2.8%, ORAN -2.7%, BDSI -2.7%, MYE -2.5%, LNKD -2.4%, ARMH -2.3%,RTRX -2.2%, KCAP -1.9%, BCS -1.9%, MBLY -1.9%, OMER -1.6%, IOC -1.4%, NOK -1.3%, SHPG -1.3%, RSPP -1.3%, GILD -1.2%, CCL -1.2%, AEG -1.1%, RCL -1.1%, ALV -1%, VOD -1%, AIQ -1%