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Friday's Early Global News: North Korea, Guns And Employment

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Friday . March 4, 2016

Macro

N. Korea makes nuclear threat   (North Korean ruler Kim Jong Un commanded his military to be ready for nuclear strikes at any given moment.)   Reuters

Crude prices climb after US oil output falls for 6th week   Reuters

Small businesses report improving prospects, easier access to loans   Washington Post

Employment gains seen accelerating in February   Reuters

Friday: Employment Report, Trade Deficit   (Hotel occupancy is for the most part following last years.)    Calculated Risk

Companies

TUMi    SMSOF        Samsonite Confirms Deal to Buy Tumi   (Samsonite International SA said Thursday it decided to purchase luxury luggage maker Tumi Holdings Inc. for around $1.8 billion.)   WSJ

AMCX    CKEC        AMC Entertainment to buy Carmike in a deal valued at $1.1 bln

AMC's deal to buy Carmike would make it largest U.S. theater chain   LA Times

IM   Perseus Books Sells Distribution Unit to Ingram   (The agreement comes a couple days after Perseus sold its publishing business to the Hachette Book Group.)  NY Times

MQBKY  ZURVY   Macquarie sells insurance unit to Zurich Insurance   (Macquarie Group Ltd. has decided to sell its life insurance business to the Australian branch of Zurich Insurance Group AG a move the Australian bank said mirrored the need for significant scale to fuel returns in the capital.)   WSJ

NHNCF     Messaging app Line plans up to $3 bln dual IPO in NY and Tokyo -IFR   Reuters

BLK  FNF    Mutual Funds Sour on Startup Stakes    (Fidelity and other giants are decreasing the value of their investments in young companies at a quickening speed and making less new investments.)   WSJ

PANW   FEYE  CYBR  iMPV  LOCK  (not mentioned)   The security system that IRS provided to tax-fraud victims just got hacked   (The IRS commissioner stated that the issue resulted in great "aggravation" for certain taxpayers but referred to it as a "relatively minor problem.”)    Washington Post

HPE      HP Enterprise's Results Reassure Investors on Tech Spending   (Hewlett Packard Enterprise sent positive signals about corporate technology demand, however currency issues still bore down on its revenue.)   WSJ

HPE will take on Nutanix and Cisco with hyperconverged system  PC World

GOOG   This Google program lets you buy things with little more than a smile  (Google Hands Free is another payment program that allows you to pay with only your initials.)  Washington Post

GOOG     Google testing 100KW radio transmitter in New Mexico, possibly related to Project Skybender: Report    Tech2

AXP    American Express’ digital wallet patent promises to innovate loyalty rewards   Venture Beat

KBH  DHi  LEN  PHM  (not mentioned)     Home Builders Slowed by Permit Delays   (U.S. home costs and rents are increasing, however developers are having issues meeting demand due to understaffed city governments resulting in delays in receiving permits.)     WSJ

HD  LOW  LL  (not mentioned)   Home 'flipping' exceeds peaks in some hot US housing markets   Reuters

AMBA  GPRO    Ambarella Posts 71% Profit Drop    (Ambarella Inc., a primary chip provider to recently faltering GoPro Inc., has documented a profit drop of 71% for the fourth quarter.)    WSJ

WPPGY    WPP Group profit rises despite currency headwinds    (The world's biggest marketing company by revenue, net profit increased last year in spite of strong currency headwinds in the latter half of the year.)   WSJ

RY     RBC targets market share gains in US investment banking   Reuters

BA    AiR.PA   Iran Invites Boeing for Talks, a Stride Toward Business Ties With the U.S.   NY Times

DD     New Teflon Toxin Causes Cancer in Lab Animals     (shell game)   The Intercept

DD  DOW   Dow Chemical head in line for $52m payout   (Andrew Liveris is prepared to walk out in 2017 after merger with DuPont.)     Financial Times

SF  PJC  BAC    (not mentioned)    Brokers Brace for Tighter Standard on Retirement Accounts    (A change they say will increase compliance costs and could make them drop middle-class clients.)    WSJ

BKS     Why Barnes & Noble Isn't Going Away Yet    (sales decline may have levelled off)   NY Times

AUO sees more advantages for LTPS over OLED for now, says president  Digitimes

PHG  CREE (not mentioned)   LED makers step into automotive lighting   Digitimes

SOXX    President-elect vows to safeguard Taiwan semiconductor industry    Digitimes

TSM   QCOM  SSNLF     Smartphone AP suppliers to team up with TSMC to compete with Qualcomm-Samsung in 10nm chip market  Digitimes

SOHU video, Tencent denied the rumors injection of $ 1 billion: untrusted illogical   DO News

Norway's Bulk Invest Files for Bankruptcy   (latest dry bulk shipper)    WSJ

"It Hasn't Been This Bad Since The Viking Age": Dry Bulk CEO Warns Of Bankruptcy Tsunami, Counterparty Risk    Zero Hedge

Delta Lloyd in Rights Issue Dispute With Highfields   (Dutch insurer Delta Lloyd is caught in a public argument with Highfields Capital Management.)   WSJ

SWHC  Smith & Wesson just reported a blockbuster quarter and says demand for guns is through the roof    Business Insider

Pharmaceuticals - Healthcare - Biotech

Obama: 20 million people gain coverage under 2010 health law   Washington Post

Obama Administration Hits Medicare Payment Target Early   WSJ

WBMD  (not mentioned) Verily Is Building A Google For Medical Information   Fast Company

MYGN   (not mentioned)  University College, London     Immune cell breakthrough in cancer fight   (A landmark revelation into the genetic makeup of tumours has the possibility to open a new front in the battle with cancer.)     Financial Times

Australian Scientists Found Single Cancer Patients Die Sooner Than Partnered Ones  Australian News

Entertainment

SIX    SSNLF    Six Flags Magic Mountain to add virtual reality to a coaster  LA Times

NFLX    GOOG       Censored movie parts will now be barred on the internet, including YouTube and Netflix    Tech2

NFLX   Netflix India Finally Gets 'House of Cards'    NDTV

AMZN   Amazon pushes Prime to extend its reach  (Online retailer attaches hopes to broadening services to lift sales outside North America.)     Financial Times

Gaming

South Korea's largest mobile gaming company mandates 4 banks for IPO: IFR

LEO    The mobile gaming company LeoVegas publishes prospectus for listing on Nasdaq First North Premier    Press Release

WYNN  LVS  (not mentioned)  Economy secretary cautious about gaming revenue   Macau Business

UBSFY  Learning from Destiny, Ubisoft details a year of content for The Division   Venture Beat

MSFT  TCEHY     Epic Games: Microsoft can't be allowed to control PC gaming   engadget

Social Media - Unicorns - Virtual Reality

From Singapore to China, here’s a list of Asian unicorns born in the past five years  Tech in Asia

FB    Facebook wins in battle against German privacy regulators: Report   First Post

FB    Facebook will pay 'millions' more in UK tax   The Verge

FB    Instagram blocks links to Telegram and Snapchat from profile pages: Report    Tech2

FB  Virtual-Reality Movies: Get Ready for the Revolution      (VR headsets, similar to the Oculus Rift, can pull you in the action like never before.)     WSJ

FB GOOG SNE   Virtual Reality Trailblazer    (VR has been the go to word in entertainment gatherings for a long time now, however it has increased saturation in the past year with Hollywood studios.)     Film Ink

FB SNE Is 2016 The Year For Virtual Reality?    KMUW

FB APPL    Oculus VR founder: We'll support Mac if Apple "ever releases a good Computer"   VB

TWTR    AAPL    Apple launches support page on Twitter, instantly gets 50k followers   Reuters

APPL   TWTR    Apple Will Now Field Your Questions At Its Customer Service Twitter Account   Fast Company   

SNAP  FNF     Snapchat Raises $175 Million From Fidelity at Flat $16 Billion Valuation   (Snapchat Inc. has gathered $175 million in new funding from Fidelity Investments.)    WSJ

DB   “Hugely Bullish” On Virtual Reality But Challenges Remain (Virtual reality is becoming more tangible, as demand is going over expectations.)  Value News

DIS   Pixar Alums Focus on the Feelings on Virtual Reality    (Before we can go into the rich, immersive worlds promised by today's prophets of virtual reality, someone has to know how to make them.)  Inverse

Virtual-Reality Movies: Get Ready for the VR Revolution - WSJ

Session Preview: Your Brain on Virtual Reality    (Get the SXSW GO mobile app; Start constructing your Online Schedule.)     SxSW

SSNLF  APPL GOOG MSFT   (not mentioned) Flipkart Money Digital Wallet Launched, Limited to Android App for Now   NDTV

GOOG  SSNLF  Google Nexus 2016 Rumors: Android N To Bring 3D Touch, Nexus VR Support    IBT

MTCH   European advocate takes aim at Tinder's privacy policy    NY Post

Travel - Hotel

OMX: REZT      HNA Group, Accor mulling $2b Carlson Rezidor takeover   People’s Daily

MTN  (not mentioned)   Strong winter storm to bring several feet of snow to Sierra Nevada, Lake Tahoe  LA Times

CTRP   QUNR  (not mentioned)   Air China to Start Chongqing-Dubai Service   Press Release

TRiP  (not mentioned)   Seattle startup Jrrny launches user-generated online travel magazine   Geekwire

Auto

CTTAY   APPL      Continental Buys Sensor Technology for Self-Driving Cars   (German auto-parts creator Continental purchased a section of Advanced Scientific Concepts that produces a solid-state laser imaging sensor utilized in autonomous-driving vehicles.)   WSJ  

HYMPY    Hyundai Motor's China sales plunged in Feb.    The Korea Herald

AN  KMX (not mentioned)   Report: More new cars leased than ever   USA Today

BAMXY     At 100, BMW sees radical new future in world of driverless cars   Reuters

VLKAY (not mentioned)    Audi ordered to pay $124 million in collision suit  Washington Post

TSLA  MBLY  (not mentioned)  Faraday Future promises to put up millions of dollars to calm Nevada's fears over its billion-dollar electric-car factory    (Faraday Future says its Nevada factory will open up 4,500 jobs.)    Bi

US Chamber of Commerce sues Seattle over Uber, Lyft ordinance   Reuters

GM    Cadillac Looked to Reach Gen X and Millennials at the Oscars   e Marketer

Jeep eyes new sales record in 2016 thanks to China and India    People’s Daily

Retail

MCD    Prosecutor opens probe of McDonald's practices in Brazil  USA Today

MCD  BKW  WEN    Wendy's openly hates on McDonald's and Burger King with bizarre new website  WSJ

ADDYY    Adidas to Open 3000 Stores in China by 2020    WSJ

NKE   This next-level shoe might just be the coolest innovation in running yet   Mashable

GRUB   (not mentioned)    Delivery Hero to Divest Itself of Chinese Unit   (Online food-delivery competition was too great) WSJ

Mobile and Digital Rewards Programs Are Most Used In-Store Technologies  (Retailers are utilizing in-store digital technologies more and more to better the customer experience, and ultimately, increase purchases of items.)     eMarketer

PM  RAI MO   (not mentioned)  California Lawmakers Vote to Raise Tobacco-Purchase Age to 21    WSJ

MO (PM RAI not mentioned)  An old tobacco state (Virginia) moves to ban smoking in cars with kids on board   ($100 fines) Washington Post

HSY   Taste test: M&M's three new flavors  USA Today

GPS    Gap Core Sales Fell 2% in February    (Gap Inc. said its core sales dropped 2% in February, affected by another double-digit decrease at its Banana Republic chain.)   WSJ

MELi    (not mentioned)   Digital Buyers in Brazil Spending More    (eMarketer predicts that in 2016, 41.1 million people in Brazil will buy at least one thing via an internet-connected device.)   eMarketer

Apple - Apple Pay

APPL    Employees Get Apple Watch for $25 (But There's a Catch)    (Employees at a group of companies will receive an Apple Watch for only $25...)   WSJ

APPL   San Bernardino iPhone could contain 'dormant cyber pathogen,' says cyberpunk DA   The Verge

China's Apple Stores Now Stock Air Quality Monitors As Pollution Surges    Technode

French Bill Carries 5-Year Jail Sentence For Company Refusals To Decrypt Data For Police  Slashdot

Report: Apple drops out of race to obtain streaming rights to 'Thursday Night Football'  9 to 5 Mac

PCs - Mobile - Tablets

AMX     Mexico's America Movil top buyer in wireless spectrum auction   Reuters

AMZN     Amazon drops encryption with the latest Fire OS 5 version   Tech2

BBRY  (not mentioned)  Delhi High Court directs telcos to compensate for call drops  ZDNet

ERiC   Ericsson signs Decmil for NBN fixed wireless panel contract      ZDNet

Internet of Things - Drones

AMZN    Amazon extends its smart home push with two new gadgets and support for Nest   Washington Post

SEKEY     Epson crosses into wearable market, targeting mainly mid-range and high-end   Digitimes

Unsecure wearables are invading your office    iT Pro Portal

Energy - Commodities

OGZPY       Gazprom signs €2 bn loan agreement with Bank of China    Pan Armenian

OMVZY    OMV says head of supervisory board Oswald to step down   Reuters

SUNE    SunEdison identifies buyer for Colo. solar project    (SunEdison is thinking over various transactions in which an institutional investor would get a contracted utility-scale solar project in Colorado.)  SparkSpread

Facing record oversupply, US oil looks for a home in Europe   Reuters

MON   (not mentioned)  Panel proposes 70% reduction in royalty on GM cotton seeds   Livemint

Irish Water Crisis Irish Water plans €5.5bn spend in next five years   Irish Independent

US government to accelerate solar development on public lands   pv magazine

ANZ probed over rate rigging claims    (Most recent  in a string of global interest manipulation.)  Financial Times

China's energy intensity falling fast    Xinhua

More Chinese farmers move out of poverty   Xinhua

Coal-rich Chinese province eyes shale gas exploitation    Xinhua

It's Official: Canada Has Sold All Of Its Gold Reserves   Zero Hedge

Gold Snaps Back to Bull Market as Prices Surge on Haven Demand   Bloomberg

Europe

EWQ     French 2015 public deficit to be lower than 3.8 percent target     Reuters

LNSTY     London Stock Exchange full-year profits up 31 percent

EiRL   Suspected Northern Ireland car bomb injures one man  Reuters

Internet Users in Germany Hope for a Balance of Safety and Privacy     eMarketer‎

China

Yuan Soars Most In A Month Ahead Of National People's Congress     Zero Hedge

China Feb data seen showing further slump in trade, smaller drop in FX reserves   Reuters Poll

LMT  NOC  RTN  BA   (not mentioned)   China to boost military spending by about 7 to 8 percent   (China stated Friday it will increase military spending by 7% to 8% in 2016, the least increase in half a dozen years.)  Washington Post

Tibetan in India Immolates in Protest Against Chinese Rule   AP

THAAD In Korean Peninsula: South Korea, US Formally Launch Talks Over Potential Deployment Of Missile System   IBI Times

China takes aim at banks’ bad debt burden    (Programme a piece of most recent ploy to address debt increase that is 230%of GDP.)     Financial Times

Wuzhen Internet Hospital to Install 1 Mln Healthcare Terminals in China  36KR

Asia

BoJ board pick shows Abe set on stimulus    Financial Times

Asian shares head for best week in five months, US job data eyed  Reuters

EWJ     Bank of Japan seen cutting rates further either at or before July meeting   Reuters Poll

EWJ     BOJ Kuroda: No plan to cut rates further now   Reuters

Japan halts US Okinawa base expansion   BBC

North Korean cargo ship inspected at port in Philippines    (one of the first since additional sanctions)  Washington Post

S. Korea mulls 'various' sanctions on N. Korea    (South Korea is thinking including a ban on vessels going into its ports after going to the North.)   Yonhap News

EPHE      Philippines looking into weapons purchase from Slovenia amid sea row with China   GMA News

VNM    Vietnam's ambitious growth target might be out of reach   (fastest asian company behind China and India)   Bi

AiPUY  (not mentioned) Chinese-Thai joint venture launches condo scheme   Bangkok Post

International

EWW   Mexico's central bank lowers GDP forecast, to 2-3 pct   AP

EWW   Legal marijuana is finally doing what the drug war couldn't    (decline in border seizures)   Washington Post

EWZ    Brazil's President Rousseff, Facing Impeachment Effort, Is Deluged by More Bad News    NY Times

EWZ    Brazilian economy's steep slide raises specter of depression    Reuters

Ukrainian foreign minister says no breakthrough in Paris talks   Reuters

Middle East - Africa

Dutch company to acquire Pakistani food conglomerate   AP

UN agency offers support for Iranian-American held in Tehran    AP

Indiana set to divest from companies that boycott Israel    (Indiana Public Retirement System would have to identify and divest from companies that boycott Israel)   USA Today

www.EarlyGlobalNews.com

 

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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