(BFW) German Extra EU10 Bln Enhances Prospects for Investment Plan: EU


BN 11/07 11:05 *EU WELCOMES GERMAN MOVE ON INVESTMENT

German Extra EU10 Bln Enhances Prospects for Investment Plan: EU
2014-11-07 12:00:55.360 GMT


By Jones Hayden
Nov. 7 (Bloomberg) -- Germany’s proposed extra investment
spending of EU10 bln “enhances the prospects of getting right
the EU300 bln investment plan that we are now in the process of
preparing,” says Margaritis Schinas, spokesman for the European
Commission.
* Germany’s move “generates the potential to leverage further
private investment,” Schinas tells reporters in Brussels
* “This is good news. This shows that the ball is rolling.
And we welcome it,” Schinas says
* NOTE: Nov. 6: Merkel Offers 10 Billion-Euro Spending Boost
to Counter Critics {NSN NEMJJU6K50XT <Go>}

Link to Company News:{0629846D BB <Equity> CN <GO>}
Link to Company News:{2539Z GR <Equity> CN <GO>}

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To contact the editor responsible for this story:
Jones Hayden at +32-2-285-4312 or
jhayden1@bloomberg.net

>>> Transocean announces impairment charges and delays release of Third Quarter

Transocean announces impairment charges and delays release of Third Quarter 2014 results; results to include a non-cash charge of $1.97 bln related to the impairment of goodwill

Co announced that it expects its third quarter 2014 results to include a non-cash charge of $1.97 bln related to the impairment of goodwill.
  • The charge is the result of impairment testing conducted due to the decline in the market valuation of the contract drilling business.
  • As of June 30, 2014, goodwill was ~ $2.99 bln. The co also expects an impairment of the Deepwater Rig asset group of $788 mln due to the deterioration of the market outlook, reflecting the recent decline in dayrates and utilization for this particular asset class.
  • Due to the complexities involved in determining these impairments, the co is delaying its third quarter earnings release and conference call originally scheduled for 9:00 a.m. EST, 3:00 p.m. CET, Friday, November 7, 2014, and will issue a subsequent announcement with a revised date and time.

(BFW) Transocean Takes $2.8b in Impairment Charges, Delays Earnings


Transocean Takes $2.8b in Impairment Charges, Delays Earnings
2014-11-07 11:20:45.177 GMT


By Andrew Cinko
Nov. 7 (Bloomberg) -- Transocean to take non-cash charge of
$1.97b for goodwill impairment.
* To take $788m impairment charge for Deepwater Rig asset
group
* Delaying earnings to unspecified date
Statement: NSN NEO2163PR6RK<GO>

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To contact the reporter on this story:
Andrew Cinko in New York at +1-609-279-4533 or
cinko@bloomberg.net
To contact the editor responsible for this story:
Larry DiTore at +1-212-617-1603 or
lditore@bloomberg.net

>>> BP Loses Latest Court Appeal on Liability for Gulf Oil Spill

A federal appeals court panel has reaffirmed its ruling that BP is liable for federal Clean Water Act damages from the 2010 Gulf of Mexico oil spill. It is the latest loss for the company as it fights court decisions that could bring $18 billion in penalties. The three-judge panel of the United States Court of Appeals for the Fifth Circuit rejected arguments that there were errors in its June 4 decision. This ruling is not the final say, however. BP and Anadarko Petroleum, its minority partner in the affected oil well, have a request pending for the full 15-member court to reconsider the issue. The companies have said they are not liable because the accident was caused by equipment failure.

>>> Deoleo shareholders ask regulator to halt CVC's bid - report (translated)

Deoleo shareholders ask regulator to halt CVC's bid #

A group of investment funds that are shareholders of Deoleo [BME:OLE] has asked the Spanish market regulator CNMV to halt CVC Capital Partners' bid for the Spanish olive oil group, El Economista reported without citing sources.

The funds hold a 3.7% stake in the company, the report said. They said CVC cannot launch a voluntary offer because it already controls the company.

CVC has declared a 29.9% stake in Deoleo, below the 30% takeover threshold, the Spanish-language report noted. It has made a voluntary offer at EUR 0.38 per share of the company. The CNMV considers that the offer is not 'fair'.

CVC Capital Partners declined to comment on the matter, the report said.


Source El Economista

(BFW) *CRODA SAYS NO TAKEOVER APPROACHES HAVE BEEN MADE ON CO.


BN 11/07 08:11 *CRODA CFO SAYS PAR ACCORD IN OMEGA 3 CONTAINS ROYALTY ELEMENT
BN 11/07 08:07 *CRODA CEO SAYS PERPETUAL M&A SPECULATION NOT A `DISTRACTION'
BN 11/07 08:06 *CRODA SAYS NO TAKEOVER APPROACHES HAVE BEEN MADE ON CO.

*CRODA SAYS NO TAKEOVER APPROACHES HAVE BEEN MADE ON CO.
2014-11-07 08:13:04.937 GMT

--JAMES LUDDEN

-0- Nov/07/2014 08:13 GMT