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  • Today - Monday, November 30, 2015

  • 11:31 AM
    • Discovery Communications (NASDAQ:DISCA) and its Eurosport unit are gearing up for Olympics coverage with some major alignment changes and leadership appointments to go along.
    • The company has set up five functional areas and named leadership for three of them: Commercialization will be led by Jean-Thierry Augustin, Operations & Planning will be helmed by David Schafer, and Olympic Relations & Coordination will be led by Geraldine Filiol.
    • Schafer and Filiol will report to Eurosport CEO Peter Hutton, while Augustin will report to Discovery Networks International chief JB Perrette. The company will set leaders for Engineering/Technology and Production later on.
    • This summer, Eurosport nailed down all European TV/multiplatform rights to the Olympic Games from 2018 through 2024.
    | 11:31 AM | Comment!
  • 11:29 AM
    • Automobile production in Japan fell 0.5% to 813,110 units in October, according to data from the Japan Automobile Manufacturers Association.
    • Sales have now been down for 16 consecutive months after a sales tax increase was initiated by the Japanese government.
    • Exports rose during October as demand from Europe continues to improve.
    • JAMA release
    | 11:29 AM | Comment!
  • 10:47 AM
    • Determined to pursue a bigger role in a hot telecom market, Orange (ORAN -0.8%) is exploring a European expansion that could include a potential tie-up with Telecom Italia (TI -0.5%), Bloomberg reports.
    • The company's working with advisers on the matter, sources said, though it had also looked at an internal restructuring.
    • Any deal faces big headwinds, as Telecom Italia and Orange are closely tied to Italy and France respectively; Italy considers TI of national strategic interest; and TI's $23B-plus market cap would make for the biggest deal Orange has pursued in 15 years.
    • Still, Telecom Italia operates in a single market, presenting an attractive target for companies trying to consolidate across European borders.
    | 10:47 AM | Comment!
  • 10:19 AM
    • Israeli telecom Partner Communications (NASDAQ:PTNR) is off 2.6% in early going after it acknowledged receiving two lawsuits that plaintiffs are pursuing as class actions against it and its subsidiary 012 Smile.
    • The suits charge the companies with requiring customers to purchase specialized equipment to get fixed-line phones to work that's not in accordance with the provision of their licenses.
    • If recognized as class actions, the claims against Partner and 012 Smile will be for 116M shekels and 64M shekels respectively -- 180M shekels total, or about $46.5M.
    | 10:19 AM | Comment!
  • 8:10 AM
    • Chinese automakers are prepping for more demand in China for minivans with the government easing off on the one-child policy in the nation.
    • Minivan sales in China are up almost 8% to outpace the broad automobile industry.
    • Volkswagen (OTCQX:VLKAY) and Guangzhou Automobile Group (OTC:GNZUY) are both bringing new minivan models to the market in China.
    | 8:10 AM | Comment!
  • 6:58 AM
    • China Resources Beer (OTC:CRHKF) is lining up investment banks to help it work on options for its share of the Snow Breweries joint venture.
    • The company may buy out JV partner SABMiller's (OTCPK:SBMRY) stake in the high-volume brewer. SABMiller needs to sell due to the planned merger with Anheuser-Busch InBev.
    • Previously: AB InBev to offload Peroni, Grolsch (Nov. 29 2015)
    | 6:58 AM | Comment!
  • 6:00 AM
    • Japan -0.69%.
    • Hong Kong -0.33%.
    • China +0.26%.
    • India +0.07%.
    • London -0.24%.
    • Paris +0.29%.
    • Frankfurt +0.40%.
    | 6:00 AM | Comment!
  • 4:39 AM
    • Bids for one of the world's most lucrative defense contracts, to build Australia's new submarine fleet worth up to A$50B ($36B), were submitted on Monday.
    • Ten months ago Australia, under pressure from Germany and France, withdrew plans to award the contract to Japan without a competitive tender.
    • Key bidders are Germany's ThyssenKrupp (OTCPK:TKAMY, OTCPK:TYEKF), France's DCNS (privately-held), and Japan's Mitsubishi Heavy Industries (OTCPK:MHVYF) and Kawasaki Heavy Industries (OTCPK:KWHIF, OTCPK:KWHIY).
    • Bidders must submit three separate proposals: building the submarine fleet in their own country; building the fleet in Australia; and a hybrid option whereby work is conducted in both countries.
    • Australia plans to to announce its partner next year.
    • Source: FT - see there for an excellent comparison of the the merits and disadvantages of each bid.
    | 4:39 AM | 1 Comment
  • 4:05 AM
    | 4:05 AM | 6 Comments
  • 3:55 AM
    | 3:55 AM | 1 Comment
  • 3:06 AM
    • European Union leaders and Turkey have agreed on measures to help stem the flow of migrants to Europe and other border controls, aided by a pledge to relaunch Turkey's EU membership bid and a €3B aid package.
    • The money is intended to raise refugee living standards to persuade more of them to stay in the country instead of attempting perilous crossings to the EU via the Greek islands.
    • Problems ahead? Leaders still haven't agreed on the final sum or how much each nation will contribute.
    • ETFs: TUR, TKF
    | 3:06 AM | 1 Comment
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