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Vote Yes on Proposition 37!

Protect your family by voting Yes on Prop 37 to label GMO foods.

VOTE YES ON PROPOSITION 37 because we all have the right to know what's in our food. Learn more at: http://www.CARightToKnow.org Transcript: Because food is love Food is life Food is family We all have the right to know what's in our food. That's why the California Nurses Association, consumer groups and thousands of others say Yes to 37. Pesticide companies like Monsanto and Dow shouldn't be able to hide that they are genetically engineering our food. 61 other countries already have the right to know -- shouldn't we? Prop. 37. Simple. Clear. Doesn't Cost a Dime. Yes on 37. The right to know what's in our food.

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tiffany 10:56 am Dollar Tests 80.00: 10-yr: -11/32..2.605%..USD/JPY: 101.77..EUR/USD: 1.3655 (:SUMRX) : The Dollar Index holds small gains as trade attempts to reclaim the 80.00 area.  The greenback saw a boost following this morning's better than expected ADP Employment report, and is now fighting to hold the highs.  The euro has broken below its 200 dma after sellers stepped in to defend the 1.3700 resistance level. Current action holds near 1.3650 as all eyes will be on tomorrow's European Central Bank rate decision, which is expected to provide further clarity on the recently announced LTROs. The pound has regained the flat line following some post-data selling with action now pressing 1.7165. Sterling is enjoying a fifth straight day of gains, and is on track to close at its best level since October 2008.  The yen is higher for a second day as action probes the 200 dma near 101.75. Today's bid comes amid a continued appetite for risk assets following the ADP beat. tiffany stores 10:46 am S&P 500 moves back towards the session highs in recent mid-morning trade, now paced by sector out-performance in pharma- XLV +0.45%, staples- XLP +0.25%, & discretionary- XLY +0.25% ( SPY ) : SPX @ 1975.37 +2.05 tiffany jewellery 10:31 am Crude oil prices popped a little higher following weekly EIA inventory data; Aug crude is now -0.5% a $104.88/barrel (:COMDX) :  tiffany sale 10:21 am Cliffs Natural Resources reiterates willingness to settle proxy contest with Casablanca Capital ( CLF ) : Co announced that, in a further attempt to resolve the costly and distracting proxy contest, the Company is reaching out to Casablanca Capital to make a reasonable settlement offer in connection with its 2014 Annual Meeting of Shareholders, which would provide Casablanca with significant representation on the Cliffs Board and a voice in selecting a new Board Chair. Based on conversations with a number of shareholders, Cliffs has today proposed a settlement whereby Casablanca would receive three seats on a reconstituted Cliffs Board consisting of nine directors in the aggregate. This settlement offer, similar to the offer previously proposed by Cliffs, would provide Casablanca with significant representation on Cliffs' Board. The Company previously announced that two current Cliffs' directors, Susan M. Cunningham and Andr s R. Gluski would not stand for re-election at the Annual Meeting. If the settlement proposal is accepted by Casablanca, then three additional directors currently on Cliffs' Board would not stand for re-election at the Annual Meeting. The proposed board settlement, if accepted, would result in at least six of the nine total Board members having joined in the prior 18 months. The Company strongly believes this settlement offer would provide a Board composition with the independent and forward-looking perspective needed to continue to drive change at Cliffs and enable the Company to resolve the costly and distracting proxy contest that was initiated by Casablanca. Separately, whether or not Casablanca accepts the settlement offer, the Cliffs Board has determined that, following the completion of the Annual Meeting, the new Board will elect a different Chairman of the Board. cheap tiffany jewellery 10:18 am Accenture company ASM Research awarded a three-year $162 mln contract from the U.S. Department of Veterans Affairs ( ACN ) : ASM Research, an Accenture (ACN) Federal Services Company, has been awarded a three-year, $162 million contract from the U.S. Department of Veterans Affairs (:VA) to support the Veterans Health Information Systems and Technology Architecture (VistA) Clinical Application and Enterprise Core Services.tiffany jewelry 10:01 am P&F Industries acquires Exhaust Technologies, Inc. ( EXHS ); purchase price, taking into effect a working capital adjustment, consisted of ~$10.377 mln in cash; will be immediately accretive to earnings ( PFIN ) : Co announced that effective July 1, 2014, it acquired all of the outstanding equity interests of Exhaust Technologies, Inc. (EXHS) through a merger of a newly formed subsidiary of P&F with and into ETI. ETI markets its AIRCAT pneumatic tools primarily to the automotive market. The total purchase price, taking into effect a working capital adjustment, consisted of ~ $10,377,000 in cash. The newly acquired company will operate under the control of P&F's subsidiary, Florida Pneumatic Manufacturing Corporation, located in Jupiter, Florida.  The Company believes that this acquisition will be immediately accretive to earnings. 9:42 am Opening Market Summary: Stocks Register Early Gains (:WRAPX) : Equity indices began the session with slim losses, but managed to regain their flat lines rather swiftly. The S&P 500 trades higher by roughly two points with nine sectors showing early gains. Consumer staples (+0.2%), consumer discretionary (+0.3%), and financials (+0.2%) display opening strength, while most of the remaining sectors hover a bit closer to their flat lines. For its part, the utilities sector underperforms with a loss of 0.7%. The rate-sensitive utilities space slumped out of the gate amid today's increase in Treasury yields. The 10-yr note is lower by nine ticks with its yield up four basis points at 2.60%. The Factory Orders report (consensus -0.4%) for May will cross the wires at 10:00 ET.9:40 am S&P 500 edges higher in early trade paced by sector leadership in discretionary- XLY +0.30%, and staples- XLP +0.30%; SPX @ 1975.44 +2.12 ( SPY ) :  9:33 am Doral Fincl confirmed it won appeal on lawsuit against Hacienda; scheduled media update call with Chief Legal Counsel today at 12:30pm ET ( DRL ) : On Tuesday, July 1, the Court of Appeals of Puerto Rico unanimously ruled that the Court of First Instance of Puerto Rico erred when it ruled that it lacked jurisdiction to hear Doral's case against the Hacienda. In its decision, the Court of Appeals stated that the Supreme Court has recognized the urgency of this matter on two occasions, and ordered the Court of First Instance to hold an evidentiary hearing in which the Treasury Department will have the burden to prove the alleged fraud, malfeasance or misrepresentation of material facts that would constitute a valid basis for the Treasury Department to set aside the Closing Agreement.9:17 am On The Wires (:WIRES) : Orbital Sciences (ORB) announced the Orbiting Carbon Observatory-2 satellite was successfully launched into orbit aboard a Delta II rocket earlier today.  A10 Networks (ATEN) announced that the A10 Thunder and AX Series application delivery controller product lines have received web application firewall version 2.1 certification from ICSA Labs. Honeywell (HON) Process Solutions announced that it will supply a new integrated control and safety system for Qatar Fuel Additives Company's Mesaieed Industrial City plant. EXFO (EXFO) announced the addition of Perceptual Objective Listening Quality Assessment to its market-leading BrixCall product line. 9:10 am S&P futures vs fair value: +0.40. Nasdaq futures vs fair value: +1.00. (:WRAPX) : The major averages are on track for a modestly higher start to the session as futures on the S&P 500 trade less than a point above fair value. Index futures spent the bulk of the overnight session near their flat lines before climbing to fresh highs during the past two hours. Overnight, markets in Asia took the lead from yesterday's advance on Wall Street, while most European indices trade just above their flat lines. Market participants received a couple data points this morning, including the weekly MBA Mortgage Index (-0.2%; previous -1.0%) and the ADP Employment Survey (281K versus Briefing.com consensus 200K). Futures spiked in reaction to the ADP report, but they have since returned to their earlier levels. One more report remains on today's schedule in the form of May Factory Orders (consensus -0.4%), which will be announced at 10:00 ET. Treasuries hover near their lows with the 10-yr yield up almost three basis points at 2.59%.9:03 am Public Service's subsidiary PSEG Solar Source announces acquisition of 13 megawatt solar energy facility near El Paso, TX from juwi solar ( PEG ) : PEG subsididary PSEG Solar Source announces that it will acquire a 13 megawatt (MWdc) solar energy facility near El Paso, TX from juwi solar (J.S.I.). The project was originally developed by J.S.I. and has a 30-year power purchase agreement with El Paso Electric Company. The $22 million acquisition will increase PSEG's Solar Source's portfolio capacity to 106 MWdc. "We are actively evaluating solar projects throughout North America and are pleased to be making our first solar investment in Texas," said Diana Drysdale, president of PSEG Solar Source. "In addition to continuing our expansion into more states, this project will increase our solar capacity to more than 100 megawatts, which is a great milestone as we build our business."9:03 am Great Panther Silver updates mineral resources at San Ignacio mine; April 2014 Mineral Resource Estimate totals 1.245 million silver equivalent ounces ( GPL ) : Co reports the April 2014 Mineral Resource Estimate totals 1.245 million silver equivalent ounces of Indicated Mineral Resources and 5.645 million Ag eq oz of Inferred Mineral Resources at a cut-off of 125 grams per tonne silver equivalent.  The Indicated Mineral Resource is a new addition, comprising 103,000 tonnes at 165g/t silver and 3.54g/t gold and incorporates detailed infill drilling completed in the fourth quarter of 2013 (see news release December 16, 2013), and data from mine development along the Intermediate vein. The Inferred Mineral Resource totals 737,000 tonnes at 115g/t silver and 2.04g/t gold.  9:02 am Sabre reports that IAG agrees to new long-term distribution agreement ( SABR ) : Co has agreed a new multi-year distribution agreement with International Airlines Group, one of the world's largest airline groups, incorporating British Airways Iberia, Iberia Express and Vueling. Under the newly expanded agreement, British Airways, Iberia and Iberia Express will market and sell their airfares and ancillaries through Sabre's global travel marketplace. The agreement also includes European premium low-cost carrier, Vueling, which joins Sabre's marketplace for the first time.9:02 am Microsoft and Canon ( CAJ ) sign patent cross-licensing agreement ( MSFT ) : Microsoft and Canon Inc. on Wednesday broadened their strategic alliance with the announcement of a broad patent cross-licensing agreement. With this agreement, Microsoft and Canon gain licenses to each other's highly valued and growing patent portfolios. This agreement covers a broad range of products and services each company offers, including certain digital imaging and mobile consumer products. 9:02 am Pendrell's ContentGuard prevails in all patent trials challenging the validity of its digital rights management patents ( PCO ) : Co announced today that the Patent Trial and Appeal Board ( PTABF ) of the United States Patent and Trademark Office (:USPTO) issued final written decisions on June 26, 2014 and July 1, 2014 finding valid all claims of the ContentGuard digital rights management ( DRM.TO ) patents at issue.  These decisions follow patent trials conducted before the PTAB in February 2014. Three of the four patents found valid at the PTAB trials, United States Patent Nos. 6,963,859; 7,269,576; and 7,523,072 are currently involved in patent infringement litigation ContentGuard brought against Apple ( AAPL ), Amazon.com ( AMZN ), Blackberry ( BBRY ), Google ( GOOG ), HTC ( HTCKF ), Huawei, Motorola Mobility and Samsung Electronics ( SSNLF ), following long standing efforts to avoid litigation through the grant of licenses. Another patent in the action, United States Patent No. 7,225,160, was also the subject of such a request for IPR, which concluded in August 2013 with valid claims confirmed. Additionally, a sixth patent in the IPR action concluded in November 2013 with valid claims confirmed. 9:01 am WPCS Intl receives favorable Nasdaq listing determination ( WPCS ) : Co announced that on July 1, 2014, the Company received notice from The NASDAQ Stock Market that the NASDAQ Hearing Panel has determined to grant the Company's request for continued listing on The NASDAQ Capital Market, subject to certain conditions, including the solicitation of proxies and the holding of a combined annual meeting for fiscal 2013 and 2014 by September 30, 2014. 9:00 am Delta Air Lines June PRASM +4.5% vs. +5-7% guidance ( DAL ) : Consolidated passenger unit revenue (:PRASM) for the month of June increased 4.5% YoY (vs. +5-7% guidance) as continued corporate and domestic strength offset lower than expected international yields driven by industry-wide capacity increases and lower business demand to Latin America due to the World Cup. For the June quarter, unit revenues increased 6%, in line with initial guidance given in late April.  Delta's solid operating performance continued through June, with a monthly completion factor of 99.9 percent and an on-time arrival rate of 80.8 percent. 8:57 am S&P futures vs fair value: +1.00. Nasdaq futures vs fair value: +2.50. (:WRAPX) : The S&P 500 futures trade one point above fair value. Asian markets ended a relatively quiet Wednesday session with broad gains. Press reports in China indicate the Bureau of Statistics may add intellectual property to its GDP calculation. Economic data was limited:  Japan's Monetary Base expanded 42.6% year-over-year (expected 48.3%, previous 45.6%)  Australia's trade deficit widened to $1.91 billion from $780 million (expected deficit of $120 million) as imports fell 1% (prior 2%) and exports dropped 5% (-1% previous)  New Zealand's ANZ Commodity Price Index fell 0.9% month-over-month (previous -2.2%)  ------ Japan's Nikkei added 0.3%, ending just above its session low. Exporters Suzuki Motor and NEC displayed strength with respective gains of 4.9% and 4.1%. Producers of basic materials lagged with Sumitomo Osaka Cement and Tokuyama both down near 2.4%  Hong Kong's Hang Seng rallied 1.6% into the close with help from casino and gaming names. Galaxy Entertainment surged 4.8% and Tencent Holdings advanced 3.9%  China's Shanghai Composite rose 0.4%, climbing from a session low to a fresh high during the final two hours of action. Shipping-related names outperformed. Dalian Port and Rizhao Port both surged 10.0%  Major European indices trade mostly higher. French Prime Minister Manuel Valls commented on the euro, saying the single currency was overvalued, which calls for more action from the European Central Bank. Today, the euro has slid below its 200-day moving average, falling to 1.3650 against the dollar. In economic data:  Eurozone Q1 GDP was left unrevised at 0.2% quarter-over-quarter and 0.9% year-over-year, as expected. Separately, PPI slipped 0.1% month-over-month, while the year-over-year reading fell 1.0%. Both figures matched expectations.  Great Britain's. Nationwide HPI rose 1.0% month-over-month (consensus 0.6%, previous 0.7%), while the year-over-year reading surged 11.8% (expected 11.2%, prior 11.1%). Separately, Construction PMI improved to 62.6 from 60.0 (expected 59.5)  Spain's Unemployment Claims declined 122,700 (expected -97,300, prior -111,900)  ------ In France, the CAC is lower by 0.2%. Carrefour outperforms with a gain of 3.2%, while telecom service provider Orange is the weakest listing, down 3.6%  Germany's DAX is higher by 0.1%. Growth-sensitive names like ThyssenKrupp and Daimler are up 1.8% and 1.0%, respectively. Deutsche Lufthansa lags, down 2.6%.  Great Britain's FTSE trades up 0.3% with financials showing strength. Ashtead Group, HSBC Holdings, and Standard Chartered hold gains between 0.9% and 2.0%.  Italy's MIB is higher by 0.7% thanks to broad strength. Mediaset leads with a 3.0% increase. 8:44 am European Markets Update: CAC UNCH, DAX +0.1%, FTSE +0.3%, MIB +0.7% (:SUMRX) : Major European indices trade mostly higher. French Prime Minister Manuel Valls commented on the euro, saying the single currency was overvalued, which calls for more action from the European Central Bank. Today, the euro has slid below its 200-day moving average, falling to 1.3650 against the dollar. In economic data:  Eurozone Q1 GDP was left unrevised at 0.2% quarter-over-quarter and 0.9% year-over-year, as expected. Separately, PPI slipped 0.1% month-over-month, while the year-over-year reading fell 1.0%. Both figures matched expectations.  Great Britain's. Nationwide HPI rose 1.0% month-over-month (consensus 0.6%, previous 0.7%), while the year-over-year reading surged 11.8% (expected 11.2%, prior 11.1%). Separately, Construction PMI improved to 62.6 from 60.0 (expected 59.5)  Spain's Unemployment Claims declined 122,700 (expected -97,300, prior -111,900)  ------ In France, the CAC is flat. Carrefour outperforms with a gain of 2.5%, while telecom service provider Orange is the weakest listing, down 3.4%  Germany's DAX is higher by 0.1%. Growth-sensitive names like ThyssenKrupp and Daimler are up 1.8% and 1.0%, respectively. Deutsche Lufthansa lags, down 2.6%.  Great Britain's FTSE trades up 0.3% with financials showing strength. Ashtead Group, HSBC Holdings, and Standard Chartered hold gains between 0.9% and 2.0%.  Italy's MIB is higher by 0.7% thanks to broad strength. Mediaset leads with a 3.0% increase. 8:44 am Gapping down (:SCANX) : Gapping down In reaction to disappointing earnings/guidance : CAMP -13.3%, PAYX -1.3%. Other news : MCP -10.1% (move attributed to cautious blog mention), MZOR -6.8% (reports orders for four renaissance systems during the Q2), GPRO -3.7% (cautious Barron's mention - discusses Shark Tank's O'Leary potential short stance), ORAN -3.7% ( has examined the possibilities of participating in an operation that would lead to consolidation in the French telecoms market), JPM -0.6% (Jamie Dimon sends letter to employees and shareholders announcing diagnosis of throat cancer), TE -0.5% (prices 15.5 mln shares of common stock at $18.10 per share), MNKD -0.5% (cautious Barron's mention). Analyst comments : VE -2.5% (downgraded to Equal-Weight from Overweight at Morgan Stanley), OHI -1.3% (downgraded to Neutral from Buy at Goldman), HOG -1.8% (downgraded to Mkt Perform from Outperform at Raymond James), MM -1.1% (downgraded to Equal Weight from Overweight at Evercore), BMY -0.9% (downgraded to Equal Weight from Overweight at Barclays ), HRL -0.9% (downgraded to Neutral from Outperform at Credit Suisse), USB -0.8% (downgraded to Neutral at Robert W. Baird).8:42 am Gapping up (:SCANX) : Gapping up In reaction to strong earnings/guidance : GBX +7.4%, STZ +6.1%, SHLM +5%, UNF +2%. M&A news : VITC +26.3% (confirms it is being acquired by Kroger ( KR ) for $8//share in cash),SFLY +12.6% (attributed to potential sale speculation). Select metals/mining stocks trading higher : BHP +1.2%, HMY +1%, RIO +1%.   Other news : RAX +8.1% (TechCrunch article indicating that company may want to go private),AEZS +5.8% (still checking),GSAT +5.7% (positive mention on Mad Money),POZN +5.3% (resubmits PA8140/PA32540 NDA),TRN +4% (in sympathy with GBX),ABMD +1.9% (announced acquisition of ECP to broaden and strengthen its existing intellectual property and product platform),PVG +1.8% (submits application for environmental assessment certificate; files NI 43-101 feasibility study and technical report ),AZN +1.3% (still checking),ETFC +1.2% (late report indicating Goldman potential interest in Schwab or E-Trade). Analyst comments : ISLE +23.3% (Deutsche Bank sees potential Gaming and Leisure Properties ( GLPI ) buyout of ~$15.80/share),DRWI +9.1% (initiated with a Market Outperform at Brinson Patrick),ALU +4.8% (upgraded to Overweight from Neutral at JP Morgan),RGSE +4.5% (initiated with Buy at Canaccord Genuity),SCTY +3.9% (initiated with Buy at Canaccord Genuity),WBMD +3.4% (upgraded to Buy at Stifel),CSIQ +3% (initiated with Buy at Canaccord Genuity),VIPS +2.2% (initiated with a Buy at Jefferies),SUNE +1.6% (initiated with Buy at Canaccord Genuity),BAC +1.2% (upgraded to Buy from Hold at Deutsche Bank),PANW +1.2% (initiated with a Outperform at Northland Capital),BHI +1.1% (upgraded to Positive from Neutral at Susquehanna)8:40 am On The Wires (:WIRES) : Ixia (XXIA) announced that it has introduced a new AUTOSAR standards compliant suite to test in-vehicle Infotainment and advanced driver assistance systems for the connected car.  Iteris (ITI) was awarded a $1.4 million contract by the Orange County Transportation Authority to provide traffic signal improvements.  Lightbridge Corporation (LTBR) announced that the Commonwealth of Australia Patents Office has approved and issued to Lightbridge the key patent covering Lightbridge's multi-lobed metallic fuel rod design and fuel assemblies.  CNinsure (CISG) announced that Baoxian.com entered into an online distribution agreement with PICC Property and Casualty Company Limited. 8:33 am UGI Corp reaches agreement in principle to acquire Total's ( TOT ) LPG distribution business in France for a price of ~EUR 400-450 mln; to be accretive to EPS in the first full year ( UGI ) : Co announced that its wholly-owned French subsidiary, UGI Bordeaux Holding, has reached agreement in principle to acquire Total's liquefied petroleum gas distribution business in France for a price of ~EUR 400-450 mln, subject to legally required employee information and consultation procedures and regulatory approvals. Total's French LPG business distributed over 265 million retail gallons of LPG in 2013, serving residential, commercial, industrial and autogas customers.  The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close during the first half of 2015. Other terms of the transaction were not disclosed.  "The acquisition of this high-quality business reaffirms our commitment to add value for our shareholders through profitable growth in Europe. We also look forward to welcoming the talented and dedicated team at Totalgaz to our UGI International organization. We expect the transaction, which will be funded through a combination of cash on hand and debt financing, to be accretive to EPS in the first full year, including the impact of typical transition expenses." 8:32 am AutoNation announced that it reported to automotive manufacturers retail sales of 25,450 new vehicles in June 2014, an increase of 1% as compared to June 2013, best since June 2007. On a same-store sales basis, reported retail new vehicle unit sales in June 2014 were 25,141, flat as compared to June 2013 ( AN ) : June 2014 reported retail new vehicle unit sales for AutoNation's operating segments were as follows: 7,589 for Domestic, down 7% versus June 2013 12,168 for Import, down 2% versus June 2013 5,693 for Premium Luxury, up 25% versus June 2013 Industry reporting for June 2014 includes three fewer calendar days than for June 2013, including one less weekend. Reported retail new vehicle unit sales in Q2 of 2014, were 81,394, an increase of 10% as compared to Q2 of 2013. On a same-store basis, reported retail new vehicle unit sales in the second quarter of 2014 were 79,567, an increase of 7% as compared to the second quarter of 2013. Second quarter 2014 reported retail new vehicle unit sales for AutoNation's operating segments were as follows: 24,738 for Domestic, up 3% versus second quarter of 2013 40,438 for Import, up 11% versus second quarter of 2013 16,218 for Premium Luxury, up 20% versus second quarter of 2013. 8:32 am OncoMed Pharma granted broad FZD-Fc composition-of-matter and use patent in U.S. ( OMED ) : Co announced the issuance of a broad U.S. patent relating to FZD-Fc soluble receptors, including OncoMed's clinical-stage candidate ipafricept. The new patent, U.S. Patent No. 8,765,913, includes claims covering certain FZD-Fc compositions of matter, as well as claims covering methods of treating cancer with such soluble receptors.  Polynucleotides encoding the claimed FZD-Fc polypeptides and cells producing such polypeptides are also covered. In addition to the FZD-Fc patent announced today, OncoMed has previously been granted U.S. patents that relate to FZD-Fc soluble receptors including U.S. Patent Nos. 7,723,477 and 8,324,361.  Related patents have also issued in Japan and Australia, and OncoMed has filed related applications which are pending in Europe and certain additional foreign countries. 8:32 am Vimicro announces winning of competitive bid in Handan City of Hebei Province ( VIMC ) : Co announced that it has won a competitive bid for the provision of SVAC-compliant video surveillance products to Handan Municipal Government in Hebei Province, with an estimated contract size of RMB 23 million, or USD $ 3.7 million approximately.8:31 am Sharps Compliance settles all claims against the US govt and various agencies related to the January 2012 termination of the Company's February 2009 contract with the CDC ( SMED ) : The settlement agreement calls for a cash payment to Sharps Compliance of $1,537,500, which is inclusive of interest. Each party will bear its own costs, attorney fees, and expenses.The settlement amount is expected to be received over the next 30 to 60 days and will be recorded as a recovery of previously incurred post-contract termination expenses. The settlement will have a positive net income impact of $0.10 per share.8:26 am S&P futures vs fair value: +1.60. Nasdaq futures vs fair value: +3.70. (:WRAPX) : The S&P 500 futures trade almost two points above fair value. According to today's ADP National Employment Report, employment in the nonfarm private business sector rose by 281K in June. That was well above the increase of 200K expected by the Briefing.com consensus. The May reading was left unrevised at 179,000.8:19 am On The Wires (:WIRES) : Engility Holdings (EGL) announced that its wholly owned subsidiary, Dynamics Research Corporation has been awarded a $13.4 million contract to support the Secure Payment System of the U.S. Department of Treasury.  The AllSeen Alliance announced that Microsoft (MSFT) has joined the group's multi-company effort as a Premier Member to make it easier for a broad range of everyday devices, objects and services to interoperate seamlessly and intelligently.  Teledyne Technologies (TDY) announced that it has invested in and entered into a strategic partnership with Ocean Aero. Terms of the transaction were not disclosed.  Viggle (VGGL) announced Viggle ACCESS, its advertising offering for TV networks and brand partners, providing verified reach to entertainment fans across the Viggle, Wetpaint and NextGuide platforms.  Simulations Plus (SLP) announced that the EPA has purchased five licenses of both its best-in-class GastroPlus and ADMET Predictor software programs.  CB&I (CBI) announced it has been awarded a contract from the EPA.  Internap Network Services (INAP) announced that its bare-metal public cloud is now available from its London and Hong Kong data centers.  Celestica (CLS) announced the opening of its new microelectronics laboratory at its headquarters in Toronto, Ontario in Canada.  LiveDeal (LIVE) announces that the company now features deals in 50 cities throughout the United States, demonstrating its utility to restaurants to help drive traffic during non-peak hours.  InterCloud Systems (ICLD) Infrastructure and Applications segment has secured over $850,000 worth of new projects over the last few weeks.  Huntsman (HUN) and Shanghai Chlor-Alkali Chemical announced plans to double the MDI splitting capacity of their joint venture company. 8:17 am Gold and silver futures drop on ADP Employment data; gold drops about $5.50/oz. Aug gold is now +0.04% at $1327.10/oz, Sept silver is -0.1% at $21.10/oz (:COMDX) :  8:15 am Market View: Sep. equity index futures see an initial uptick following the 8:15 a.m. ET Jun. ADP Employment report (:TECHX) : ESu4 @ 1968.50 +2.75 NQu4 @ 3890.00 +5.25 YMu4 @ 16900 +24 8:15 am June ADP Employment Change +281K vs +200K Briefing.com consensus, +179K in May ( ECONX ) : Total U.S. Nonfarm Private Employment: 281,000 vs. +200K Briefing.com Consensus. By Company Size  Small businesses: 117,000  1-19 employees 66,000  20-49 employees 51,000  Medium businesses: 115,000  50-499 employees 115,000  Large businesses: 49,000  500-999 employees 16,000  1,000+ employees 32,000  By Sector  Goods-producing 51,000  Service-providing 230,000  Industry Snapshot  Construction 36,000  Manufacturing 12,000  Trade/transportation/utilities 50,000  Financial activities 11,000  Professional/business services 77,000 Goods-producing employment rose by 51,000 jobs in June, up from 31,000 jobs gained in May. The construction industry added 36,000 jobs over the month, more than double the May number. Meanwhile, manufacturing added 12,000 jobs in June, up slightly from last month. Service-providing employment rose by 230,000 jobs in June, up from 148,000 in May. The ADP National Employment Report indicates that professional/business services contributed 77,000 jobs in June, up from 46,000 in May. Expansion in trade/transportation/utilities grew by 50,000, up from May's 36,000. The 11,000 new jobs added in financial activities was about double last month's number. "The number of construction jobs added was particularly encouraging, representing the highest total in that industry since February of 2006. The job market is steadily improving. Job gains are broad based across all industries and company sizes. Judging from the job market, the economic recovery remains fully intact and is gaining momentum."8:11 am Asian Markets Close: Nikkei +0.3%, Hang Seng +1.6%, Shanghai +0.4% (:SUMRX) : Asian markets ended a relatively quiet session with broad gains.  In news, press reports in China indicate the Bureau of Statistics may add intellectual property to its GDP calculation.  Economic data was limited:  Japan's Monetary Base expanded 42.6% year-over-year (expected 48.3%, previous 45.6%)  Australia's trade deficit widened to $1.91 billion from $780 million (expected deficit of $120 million) as imports fell 1% (prior 2%) and exports dropped 5% (-1% previous)  New Zealand's ANZ Commodity Price Index fell 0.9% month-over-month (previous -2.2%)  Japan's Nikkei (+0.3%) ended just above its session low. Exporters Suzuki Motor and NEC displayed strength with respective gains of 4.9% and 4.1%. Producers of basic materials lagged with Sumitomo Osaka Cement and Tokuyama both down near 2.4%  Hong Kong's Hang Seng (+1.6%) rallied into the close with help from casino and gaming names. Galaxy Entertainment surged 4.8% and Tencent Holdings advanced 3.9%  China's Shanghai Composite (+0.4%) climbed from a session low to a fresh high during the final two hours of action. Shipping-related names outperformed. Dalian Port and Rizhao Port both surged 10.0%  India's Sensex (+1.3%) climbed throughout the trading day. Sesa Sterlite ended in the lead with a 4.7% gain. GAIL India and Infosys were the only two decliners, down 0.4% and 0.2%, respectively  Australia's ASX (+1.5%) rallied amid strength in financials. Westpac Banking advanced 1.5% and Macquarie gained 1.7%  Regional Decliners: NONE  Regional Advancers: Indonesia (+0.5%), Malaysia (+0.4%), Philippines (+0.4%), Singapore (+0.7%), South Korea (+0.8%), Taiwan (+0.5%), Thailand (+0.4%), Vietnam (+0.1%)  FX: USDCNY rose to 6.2106, USDINR slipped to 59.51, USDJPY is little changed at 101.48, AUDUSD is lower near .9457 8:11 am Planet Payment announces cancellation of aim admission; maintains Nasdaq listing ( PLPM ) : Co announced that it intends to cancel the admission of its common shares to trading on the AIM Market of the London Stock Exchange.  It is anticipated that the Cancellation will become effective at 7.00am BST on Monday, 18 August, 2014. Shareholders should therefore note that Friday 15 August 2014 will be the last day of dealings in Shares on AIM. Planet Payment will maintain its listing on the NASDAQ Market, which accounts for the bulk of the trading in its Shares, and is facilitating a conversion of the Depository Interest arrangement established by Computershare Investor Services to CREST Depository Interests, which will enable settlement via the US stock processing system. The new CDI's will maintain the same ISIN as the existing Shares. 8:10 am Actavis announces how FRX shareholders elected to get paid ( ACT ) : Actavis announces the final results of the elections made by stockholders of Forest Labs regarding their preference as to the form of merger consideration they would receive in connection with Actavis' acquisition of Forest. As previously announced on July 1, Actavis completed its acquisition of Forest. Holders of 13.81% of the FRX shares elected to receive the Standard Election Consideration; Holders of 72.78% of the FRX shares elected to receive the Stock Election Consideration ($25.67 in cash plus 0.3326 of an Actavis share); Holders of 12.97% of the FRX shares failed to make a valid election and will receive the Standard Election Consideration.8:08 am Orient Paper has recently commenced commercial production of the newly renovated PM1; Co expects its gross profit margin for Q2 will be somewhat lower than the comparable period in the previous year ( ONP ) : Co announced it has ramped up its renovated PM1, and provides operation and market updates to shareholders and investors. PM1 update Orient Paper has recently commenced commercial production of the newly renovated PM1, producing corrugating medium paper ("CMP")-based packaging paper with specification of 40 to 80 gram per square meter ("g/s/m"). PM1 has successfully ramped up production in the month of June, achieving more than 3,500 tonnes of paper with specification of mostly 60g/s/m, instead of the originally budgeted 1,000 tonnes. Operations and market updates Since April 2014, there has been a downward pressure on the price of CMP in China due to weaker domestic demand. It is reported that in some regions, the market is seeing the price of CMP decrease by 200-350 yuan per tonne. While the ASP of its offset printing paper has held up reasonably well, co has reduced the ASP of its high-strength CMP produced by PM6 during Q2 of 2014 by ~4% and 5% as compared to the CMP ASP for Q2 of 2013 and the previous quarter ended March 31, 2014, respectively. While the co has not fully determined the effect of the ASP reduction in its cost of sales, the co expects its gross profit margin for the quarter ended June 30, 2014 to be somewhat lower than the comparable period in the previous year. Despite the lower CMP ASP, monthly run rate at its PM6, which produces more than 60% of its total revenue, has been consistently held at about 75% throughout Q2 of 2014. 8:08 am Spirent Comms agrees to acquire Radvision's technology business unit for a cash consideration of $25.0 mln ( SPMYY ) : The acquisition is expected to be earnings enhancing and cash generative in the first full year, and have a return on investment in excess of cost of capital. For the full year ended 30 September 2013, TBU unaudited financial information showed profit before tax of $2.7 million and gross assets of $4.0 million. TBU will be reported as part of Spirent's Wireless and Service Experience division. The transaction is subject to customary closing conditions and is expected to close within 30 to 60 days.8:07 am CB&I awarded sixth consecutive EPA operations support services contract ( CBI ) : Co announced it has been awarded a contract from the U.S. Environmental Protection Agency to provide operations and research services at the EPA's Test & Evaluation Facility in Cincinnati, Ohio, and other EPA satellite facilities 8:07 am NorthStar Asset Mgmt's NorthStar Income II announced that it originated a $17.5 mln senior loan secured by a portfolio of three multifamily properties in suburban Atlanta ( NSAM ) : NorthStar Real Estate Income II announced  that it originated a $17.5 mln senior loan secured by a portfolio of three multifamily properties in suburban Atlanta. An experienced Georgia-based real estate developer owns the properties, which contain 893 units and 956,000 square feet. The borrower recently completed a $5.5 mln renovation at the properties and plans to make additional improvements using proceeds from the senior loan. In total, affiliates of the borrower have completed five transactions totaling $91.5 mln in aggregate loan proceeds with investment vehicles sponsored by NorthStar Asset Management Group ( NSAM ), successor to NorthStar Realty Finance ( NRF ) asset management business. NorthStar Income II is a public, non-traded real estate investment trust (:REIT) sponsored by NorthStar Asset Management Group Inc. NorthStar Income II was formed to originate, acquire and asset manage a diversified portfolio of commercial real estate debt, select equity and securities investments. 8:06 am Zimmer Hldgs and Biomet each receive a request for additional information from the FTC ( ZMH ) : Zimmer and Biomet announce that they have each received a request for additional information from the FTC in connection with Zimmer's previously announced proposed acquisition of Biomet. The effect of the second request is to extend the waiting period imposed by the HSR Act until 30 days after Zimmer and Biomet have substantially complied with the request. Zimmer and Biomet will continue to work closely with the FTC as it conducts its review of the proposed transaction. Zimmer and Biomet expect to close the transaction in 1Q15.8:05 am UniFirst beats by $0.11, beats on revs; guides FY14 EPS in-line, revs in-line ( UNF ) : Reports Q3 (May) earnings of $1.53 per share, $0.11 better than the Capital IQ Consensus Estimate of $1.42; revenues rose 4.9% year/year to $352.2 mln vs the $348.55 mln consensus. Co issues in-line guidance for FY14, sees EPS of $5.70-5.85 vs. $5.71 Capital IQ Consensus Estimate; sees FY14 revs of $1.382-1.387 bln vs. $1.38 bln Capital IQ Consensus Estimate. As a reminder, FY14 will be a 52 week year for the Co compared to fiscal 2013, which was a 53 week year. The fourth quarter of FY13 contained 14 weeks. The negative comparison of one less week of operations will have the impact of reducing its year over year revenues by ~ 2.0% and its Q4 revenues by ~7.1%. 8:05 am Jazz Pharma to acquire rights to defibrotide in The Americas from Sigma-Tau Pharmaceuticals; Sigma-Tau would receive an upfront payment of $75 mln ( JAZZ ) : Co announced that it has signed a definitive agreement with Sigma-Tau Pharmaceuticals under which a subsidiary of JAZZ will acquire from Sigma-Tau rights to defibrotide in the United States (U.S.) and all other countries in the Americas. As part of the agreement, Sigma-Tau would receive an upfront payment of $75 million upon closing of the transaction.  Sigma-Tau would be eligible to receive milestone payments of $25 million upon the acceptance for filing by the FDA of the first NDA for defibrotide for VOD and up to an additional $150 million based on the timing of potential FDA approval of defibrotide for VOD.  8:04 am Hillshire Brands and Tyson Foods ( TSN ) announce definitive merger agreement; Tyson Foods will acquire all outstanding shares of Hillshire Brands for $63/share ( HSH ) : TSN and The Hillshire Brands ( HSH ) announced that they have entered into a definitive agreement under which Tyson Foods will acquire all outstanding shares of Hillshire Brands for $63 per share. The all-cash transaction is valued at ~$8.55 bln, including Hillshire Brands' outstanding net debt. In addition, Tyson Foods will be making, on behalf of Hillshire Brands, a payment of the $163 mln termination fee associated with the termination of Hillshire Brands' merger agreement with Pinnacle Foods Inc. ( PF ). The board of directors of Hillshire Brands has accepted the notice of termination received from Pinnacle Foods and the previously announced transaction has been terminated. 8:03 am NGL Energy Partners announces completion of acquisition of TransMontaigne GP; intends to recommend to the board of directors of its general partner that NGL increase its quarterly distribution ( NGL ) : The management of NGL Energy Partners LP intends to recommend to the board of directors of its general partner that NGL increase its quarterly distribution for the first fiscal quarter ended June 30, 2014, by $0.0375 to $0.58875 per outstanding limited partner unit from $0.55125 per unit, resulting in an annualized cash distribution of $2.355 per outstanding limited partner unit. On an annualized basis this represents an increase of $0.15 from $2.205 per unit to $2.355 per unit. Co announced today that it has completed its acquisition from Morgan Stanley affiliates of TransMontaigne. 8:03 am Comstock Mining receives unanimous approvals for Lucerne zoning changes ( LODE ) : Co announces that the Storey County Board of Commissioners unanimously approved important zoning changes on certain mining claims and other properties located in the Lucerne Resource Area.8:02 am Corinthian Colleges, U.S. Department of Education continue to negotiate operating agreement; expect to have the agreement completed over the next few days ( COCO ) : The co continues to work cooperatively with the U.S. Department of Education ( ED ) to complete an operating agreement as contemplated by the previously announced Memorandum of Understanding. The company and ED expect to have the agreement completed over the next few days.8:02 am Aviv REIT announces $16 mln acquisition ( AVIV ) : Co announces it has acquired three post-acute and long-term care skilled nursing facilities in Missouri for $16.2 mln. The SNFs are triple-net leased to existing Aviv operator Diversicare Healthcare Services, an operator of 49 facilities in 9 states. Diversicare now operates three facilities in Missouri and is Aviv's 8th largest operator relationship.8:01 am Vitacost.com confirms it is being acquired by Kroger ( KR ) for $8/share in cash ( VITC ) : Kroger will purchase all outstanding shares of Vitacost.com for $8.00 per share in cash, or ~$280 million. Holders of ~26.2% of the outstanding shares of Vitacost.com common stock have agreed to support the transaction and tender their shares in the tender offer. The transaction is expected to close in the third calendar quarter of 2014. Vitacost.com brings to Kroger its strong position as one of the largest pure eCommerce companies in the nutrition and healthy living market, a team with extensive eCommerce experience, and a substantial platform that includes technology and ship-to-home fulfillment centers to serve customers in all 50 states and internationally. 8:00 am St. Jude Medical resolves FDA Warning Letter for Sylmar Facility ( STJ ) : Co announced that it has been notified by the U.S. Food and Drug Administration (:FDA) that issues cited in the Sylmar, Calif., facility's warning letter have been addressed.7:57 am S&P futures vs fair value: +1.70. Nasdaq futures vs fair value: +3.00. (:WRAPX) : U.S. equity futures display slim gains amid subdued action overseas. The S&P 500 futures trade two points above fair value. Reviewing overnight developments: Asian markets ended higher. Japan's Nikkei +0.3%, China's Shanghai Composite +0.4%, and Hong Kong's Hang Seng +1.6%.  Economic data was limited:  Japan's Monetary Base expanded 42.6% year-over-year (expected 48.3%, previous 45.6%)  Australia's trade deficit widened to $1.91 billion from $780 million (expected deficit of $120 million) as imports fell 1% (prior 2%) and exports dropped 5% (-1% previous) New Zealand's ANZ Commodity Price Index fell 0.9% month-over-month (previous -2.2%)  In news:  Press reports in China indicate the Bureau of Statistics may add intellectual property to its GDP calculation Major European indices trade mostly higher. Great Britain's FTSE +0.4%, Germany's DAX +0.2%, and France's CAC is flat. Elsewhere, Italy's MIB +0.8% and Spain's IBEX +0.1%.  In economic data:  Eurozone Q1 GDP was left unrevised at 0.2% quarter-over-quarter and 0.9% year-over-year, as expected. Separately, PPI slipped 0.1% month-over-month, while the year-over-year reading fell 1.0%. Both figures matched expectations.  Great Britain's. Nationwide HPI rose 1.0% month-over-month (consensus 0.6%, previous 0.7%), while the year-over-year reading surged 11.8% (expected 11.2%, prior 11.1%). Separately, Construction PMI improved to 62.6 from 60.0 (expected 59.5)  Spain's Unemployment Claims declined 122,700 (expected -97,300, prior -111,900)  Among news of note:  French Prime Minister Manuel Valls commented on the euro, saying the single currency was overvalued, which calls for more action from the European Central Bank. Today, the euro has slid below its 200-day moving average, falling to 1.3665 against the dollar.  In U.S. corporate news: Bank of America (BAC 15.80, +0.20): +1.3% following an upgrade at Deutsche Bank to 'Buy.'  CalAmp (CAMP 18.99, -3.07): -13.9% after its cautious Q2 guidance overshadowed its one-cent beat on above-consensus revenue.  Greenbrier (GBX 62.00, +4.29): +7.4% after beating estimates and guiding higher.  Rackspace (RAX 36.90, +3.15): +9.3% amid speculation the company may go private.  The weekly MBA Mortgage Index slipped 0.2% to follow last week's 1.0% decline. The Challenger Job Cuts report for June has been moved to tomorrow. ADP Employment Change (Briefing.com consensus 200K) for June will be announced at 8:15 ET, while May Factory Orders (consensus -0.4%) will cross the wires at 10:00 ET.7:40 am Xylem to sell United Kingdom-based oil & gas valves business to Rotork for ~$25 mln ( XYL ) : Co announced the divestiture of its Wolverhampton, United Kingdom-based valves business, Xylem Flow Control Limited, to Rotork plc, a leading actuator manufacturer and flow control company, for ~U.S. $25 mln ( 18 mln). The business, part of Xylem's Applied Water Systems ( AWS.V ) Growth Center, provides a wide range of pneumatic and hydraulic valves and related products to original equipment manufacturers, primarily in the oil and gas sector. 7:40 am Constellation Brands beats by $0.14, beats on revs; raises FY15 EPS guidance ( STZ ) : Reports Q1 (May) earnings of $1.07 per share, excluding non-recurring items, $0.14 better than the Capital IQ Consensus Estimate of $0.93; revenues rose 126.7% year/year to $1.53 bln vs the $1.49 bln consensus. The significant increase in consolidated net sales was driven by $868 million of incremental net sales related to the consolidation of Crown Imports' commercial beer business. For the quarter, net sales for the beer segment increased 14 percent primarily due to volume growth driven by strong consumer demand.  Wine and spirits net sales on a constant currency basis decreased one percent. This reflects lower shipment volume primarily resulting from planned distributor inventory destocking, partially offset by the recognition of an agreed upon "make whole" distributor payment associated with this destocking activity, as well as favorable mix.  The increase in consolidated comparable basis operating income includes an incremental benefit of $288 million from the consolidation of results for Crown and the Mexican brewery as a result of the beer business acquisition. The increase in wine and spirits operating income primarily reflects favorable mix and lower SG&A costs. Co issues upside guidance for FY15, raises EPS to $4.10-4.25, excluding non-recurring items, from $3.95-4.15 vs. $4.12 Capital IQ Consensus. Reaffirms free cash flow of $425 - $500 million for fiscal 2015 including operating cash flow target of at least $1 billion and capital expenditure estimate of $575 - $625 million. 7:39 am On The Wires (:WIRES) : Cooper Tire & Rubber Company (CTB) Chairman, Chief Executive Officer and President Roy Armes announced a transition in executive leadership of the company's International business segment. Effective today, Cooper Chief Financial Officer Brad Hughes has been appointed President-International Operations.  Diversicare Healthcare Services (DVCR) announced the completion of its previously disclosed disposition of three skilled nursing centers in West Virginia effective July 1, 2014. The transaction was completed through an asset purchase agreement to sell Rose Terrace, a 90-bed skilled nursing facility in Culloden, West Virginia, at a sales price of $16.5 mln. ChinaNet Online Holdings (CNET) announced that its subsidiary Liansuo.com has signed fifty five new customers in the second quarter of 2014. 7:34 am Zogenix provides update on Zohydro ER; application for next generation of Zohydro ER to be filed by October 2014 ( ZGNX ) : Co announced an update on its development programs focused on the introduction of abuse deterrent formulations of Zohydro ER (hydrocodone bitartrate) Extended-Release Capsules, CII. Following a recent meeting with the U.S. Food and Drug Administration (:FDA), Zogenix expects to file a supplemental new drug application (sNDA) by October 2014 for a next-generation formulation of Zohydro ER Extended-Release Capsules designed to make it more difficult to abuse by injection or nasal administration.  Zogenix also recently selected the final tablet formulation for clinical development in its collaboration with Altus Formulation.  The company is targeting a new drug application (:NDA) submission for this tablet formulation during the first half of 2016, which will reference the approved NDA for Zohydro ER with respect to previous findings of safety and efficacy. 7:32 am Fifth Street Finance funds initial $156.5 mln portfolio in senior loan fund joint venture and expects to generate a mid-teens return ( FSC ) : Co announced that Senior Loan Fund JV 1, LLC ("SLF JV 1"), a joint venture between FSC and a subsidiary of Kemper ( KMPR ), has initially invested $156.5 mln out of its anticipated investment capacity of ~$300.0 mln in a diversified portfolio of senior secured loans.  The initial portfolio of assets, sourced through Fifth Street's platform, is funded with leverage of $101.5 mln provided by Deutsche Bank AG, New York Branch ( DB ) and equity of $55.0 mln, where FSC funded 87.5% and Kemper funded 12.5%. SLF JV 1 closed on a $200 mln revolving credit facility with Deutsche Bank, which should allow the joint venture to utilize leverage up to a ratio of ~2x debt-to-equity.  The joint venture should be accretive to FSC's earnings and expands its investment capacity to originate and underwrite middle market loans. FSC believes that funding this initial portfolio of assets should generate a mid-teens return on its investment, which is higher than the return on FSC's current portfolio. FSC expects to continue funding SLF JV 1 to its target size of $300 mln through the September quarter. 7:31 am Aratana Therapeutics announced that it has filed for a product license from the United States Department of Agriculture for AT-014, a novel her2/neu-directed cancer immunotherapy licensed exclusively from Advaxis ( ADXS ) ( PETX ) : Co announced that it has filed for a product license from the United States Department of Agriculture for AT-014, a novel her2/neu-directed cancer immunotherapy licensed exclusively from Advaxis ( ADXS ) for the treatment of canine osteosarcoma and other cancers.  While the USDA has no specific obligation to respond within a prescribed timeframe, Aratana anticipates that responses from the USDA to the filing will occur over the next 12 to 18 months. 7:31 am CME Group averaged 12.7 mln contracts per day in June 2014, down 2% from May 2014 ( CME ) : CME announced that June 2014 volume averaged 12.7 million contracts per day, down 2 percent sequentially and down 25 percent from a very strong June 2013. Total volume for June 2014 was more than 266 million contracts, of which 86 percent was traded electronically.  Second-quarter 2014 volume averaged 12.6 million contracts per day, down 12 percent from a strong second-quarter 2013.  CME Group interest rate volume averaged 6.4 million contracts per day in June 2014, down 25 percent compared with June 2013, which had the highest monthly interest rate average daily volume seen since 2008.  CME Group equity index volume in June 2014 averaged 2.5 million contracts per day, up 14 percent sequentially, but down 35 percent from the same period last year. 7:30 am ChinaNet Online Holdings receives extension to regain compliance with Nasdaq listing rules ( CNET ) : Co announced that on June 30, 2014, NASDAQ granted an exception to enable the Company to regain compliance with NASDAQ's filing requirements set forth in Listing Rules 5250. The Company must file the Form 10-Q for the period ended March 31, 2014 as required by the Rule on or before July 31, 2014.  By another letter dated June 30, 2014, NASDAQ advised the Company that as a result of the filing of its Form 10-K with the SEC for the year ended December 31, 2013, the Company is no longer non-compliant with the filing of the Form 10-K. However, since NASDAQ has not received the Form 10-Q, the Company remains non-compliant with the Rule. 7:21 am Aussie Falls on Largest Trade Deficit Since January 2013: 10-yr: +02/32..2.552%..USD/JPY: 101.46..EUR/USD: 1.3662 (:SUMRX) : The Dollar Index is little changed with action holding just above the key 79.80 level.  Another quiet overnight session has seen trade limited to a less than 10 cent range.  EURUSD is -15 pips @ 1.3665 as light selling takes hold for a second session as action slips off the 1.3700 resistance level. Today's weakness has dropped the single currency back below its 200 dma and comes following the disappointing Spanish unemployment change (-122.7K actual v. -147.3K expected). The European Central Bank opines tomorrow, but little is expected.  GBPUSD is +15 pips @ 1.7165 as buyers look to remain in control for a fifth session. Providing support for sterling was better than expected data Nationwide Home Price Index (1.0% MoM actual v. 0.6% MoM expected) and Construction PMI (62.6 actual v. 59.7 expected, 60.0 previous) readings. Trade continues to tick to its best levels since October 2008.  USDCHF is +10 pips @ .8885 as action attempts to climb off the 100 dma. A quiet day for news and data means action is likely to be tethered to the euro.  USDJPY is -10 pips @ 101.45 as trade holds near the lows. An early bid tested resistance in the 101.75 area that is helped by the 200 dma, but so far the bulls have been unable to reclaim the level. Support near 101.25 remains key. AUDUSD is -40 pips @ .9455 as sellers have emerged following the largest Australian trade deficit (AUD1.91 bln actual v. AUD0.16 bln expected, AUD0.78 bln previous) since January 2013. The weak number comes amid a 5% drop in exports and a 1% decline in imports. Today's selling has dropped the hard currency off its best levels since November and has action moving towards a test of support in the .9400 area. USDCNY ticked up to 6.2103. Click here to see a daily AUDUSD chart. USDCAD is flat @ 1.0630 as trade lingers near its lowest levels of 2014. The 1.0600/1.0700 support band remains under close watch. 7:18 am Pingtan Marine Enterprise announced that the Company finalized its joint venture with China Co-op Industry Development ( PME ) : Co announced that the Company finalized its joint venture with China Co-op Industry Development. The Company had previously announced a strategic cooperation framework agreement for the two companies to work together as part of Pingtan's intention to develop into a seller of fish products directly to end markets.7:03 am Timmins Gold announces settlement with its largest shareholder, Sentry Investments Inc ( TGD ) : Co announced that it has reached a settlement with its largest shareholder, Sentry Investments Inc. The settlement ends a contested proxy solicitation for the election of directors at Timmins Gold's Annual General and Special Meeting of Shareholders scheduled for July 31, 2014. As part of the settlement, Timmins Gold will nominate eight Board members instead of seven as previously announced. The nominees are George Brack, Bruce Bragagnolo, Bryan Coates, Stephen Lang, Luc Lessard, Paula Rogers and Jose Vizquerra Benavides, the seven Timmins Gold nominees previously announced, as well as Anthony Hawkshaw, who was previously a Sentry nominee. Sentry has agreed to vote its shares, representing 17% of the Company's issued and outstanding shares, for the election of all eight Timmins Gold nominees. 7:01 am ISIS Pharm earns $1 mln from GSK ( GSK ) for advancing Hepatitis B Virus Program ( ISIS ) : Co has earned a $1 million payment from GlaxoSmithKline (GSK) related to the advancement of its program to develop antisense drugs to treat hepatitis B virus (:HBV). As part of Isis' strategic alliance with GSK, Isis is discovering and developing drugs to treat HBV, which GSK has the exclusive option to in-license and further develop and commercialize after Isis completes the first clinical proof of concept study. Isis is eligible to earn pre-licensing payments from GSK as the HBV program advances in development. Isis is also eligible to receive double-digit royalties on sales from any product that GSK successfully commercializes under this strategic alliance with GSK, including those arising out of this HBV program.7:01 am Insys Therapeutics receives FDA orphan drug designation for its pharmaceutical cannabidiol as a potential treatment for dravet syndrome, a rare form of epilepsy ( INSY ) : Co announced that the U.S. Food and Drug Administration (:FDA) has granted orphan drug designation to its pharmaceutical cannabidiol ( CBD ) for the treatment of Dravet syndrome, a rare pediatric-onset epilepsy. "Our pharmaceutical CBD is an alternative to plant derived cannabinoids, one which we believe will provide significant medical benefits and better address the unmet needs of patients across multiple indications including Dravet syndrome. We expect to file an Investigational New Drug Application ( IND ) for CBD in the second half of 2014." 7:01 am Transgenomic sells rights to surveyor mutation detection technology and assets to Integrated DNA Technologies; Integrated DNA Technologies will make an upfront payment of $3.65 mln and additional minimum payments of $0.6 mln or more to TBIO ( TBIO ) : Co announced that it has entered into an agreement to sell to Integrated DNA Technologies, Inc. ( IDT ) the rights to Transgenomic's SURVEYOR Nuclease technology and assets for a minimum of $4.25 mln. SURVEYOR Mutation Detection Kits provide researchers with a simple, robust and versatile method to detect mutations and polymorphisms in DNA from a variety of organisms.  Under the terms of the agreement, IDT will make an upfront payment of $3.65 mln and additional minimum payments of $0.6 mln or more to Transgenomic during the first year of the agreement. Transgenomic will transfer rights to the SURVEYOR patents, license, technology, know-how and trademarks to IDT, as well as all inventory of the product.  As part of the agreement, IDT will exclusively sublicense rights for all clinical and diagnostic applications of the SURVEYOR technology back to Transgenomic. Further terms of the agreement were not disclosed. 6:31 am On The Wires (:WIRES) : Hewlett Packard Nederland B.V (HPQ) announced that Shell has extended the HP hardware and services agreement to support Shell's (RDS.A) global business in more than 100 countries and for over 100,000 employees and contractors worldwide.  Trimble (TRMB) announced today that a SITECH Technology Dealer has been established in Romania. 6:29 am China Yuchai to acquire full control of remanufacturing joint venture ( CYD ) : Co announced that its main operating subsidiary, Guangxi Yuchai Machinery Company Limited has entered into an equity transfer agreement to restructure the ownership of its joint venture company - Yuchai Remanufacturing Services.  Pursuant to the agreement, Caterpillar (China) Investment Company (CAT) will transfer its entire 49% equity ownership in YRC to GYMCL, bringing GYMCL's equity ownership to 100%. As a result, YRC will become a wholly-owned subsidiary of GYMCL. No financial terms are disclosed, as the total consideration is nominal to China Yuchai's balance sheet. The transaction is subject to approval by the Suzhou Bureau of Commerce. 6:22 am S&P futures vs fair value: +1.00. Nasdaq futures vs fair value: +3.50. : 6:22 am European Markets : FTSE...6822.38... +19.50 ... +0.30% .  DAX...9924.52... +22.10 ... +0.20% .6:22 am Asian Markets : Nikkei...15369.97... +43.80 ... +0.30% .  Hang Seng...23549.62... +358.90 ... +1.60% .6:12 am Greenbrier Comp beats by $0.29, beats on revs; guides Q4 EPS above consensus; guides FY14 EPS above consensus, revs above consensus ( GBX ) : Reports Q3 (May) earnings of $1.03 per share, excluding non-recurring items, $0.29 better than the Capital IQ Consensus Estimate of $0.74; revenues rose 36.8% year/year to $593.3 mln vs the $572.4 mln consensus. Q3 highlights: Revs were up 18.1% sequentially, primarily due to increased deliveries GMs were 16.3%, up from 11.5% in Q2 - Margins were up 480 bps driven by improved efficiencies, pricing and product mix Backlog/Deliveries/Orders: Railcar backlog as of May 31, 2014 was 26,400 units with an estimated value of $2.75 billion (average unit sale price of $104,000), compared to 15,200 units with an estimated value of $1.54 billion (average unit sale price of $101,000) as of February 28, 2014. New railcar deliveries totaled 4,300 units for the quarter, compared to 3,400 units for the quarter ended February 28, 2014.  Orders for 15,600 new railcars valued at $1.65 billion received during the quarter. After quarter end, Greenbrier received orders for an additional 2,700 units valued at approximately $320 million.  Marine backlog as of May 31, 2014 totaled approximately $110 million.  Share repurchase update:Repurchased 352,000 shares of common stock at a cost of $16.0 million during the quarter. To date, repurchased 641,327 shares of common stock at a cost of $26.3 million under a $50 million share repurchase program. Guidance: Co issues upside guidance for Q4, sees EPS of $0.95-1.05, excluding non-recurring items, vs. $0.87 Capital IQ Consensus Estimate.  Co issues upside guidance for FY14, sees EPS of $2.98-3.08, excluding non-recurring items, vs. $2.62 Capital IQ Consensus Estimate Co also sees FY14 revs of over $2.2 bln vs. $2.16 bln Capital IQ Consensus Estimate. Deliveries in the fourth quarter to be between 4,300 units and 4,600 units, resulting in fiscal 2014 deliveries of 15,700 units to 16,000 units  6:11 am On The Wires (:WIRES) : Ascent Solar Technologies (ASTI) announced that its flexible, lightweight PV modules were selected by Vanguard Space Technologies for their NASA Small Business Innovative Reseasterling silver tiffany
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Tennis legend Steffi Graf talks Royal Ascot and her career to HELLO! Online
20 JUNE 2014
Tennis legend Steffi Graf enjoyed a quintessential day at the races on Tuesday, when she was headed to Royal Ascot to present winners of the King's Stand stake with their first place prizes.
Longines ambassador Stefanie, as she now prefers to be known, was the picture of elegance in a royal blue Winser London dress and delicate black hat by Dawn Guibert as she presented Sole Power jockey Richard Hughes - as well as the horse's owner, trainer and lad - with Conquest watches from the luxury brand's dedicated Ascot collection.
Speaking to HELLO! Online in the royal enclosure, Stefanie, 45, admitted it was the first time she had been able to attend the royal racing event, despite being a fan of equestrian sports as a child growing up in Germany.
Although Stefanie retired from professional tennis in 1999, she still retains the world record for her achievements - winning 22 Grand Slam singles titles throughout her career. That winning streak continued into her charitable commitments, and her foundation Children for Tomorrow is in its 16th year of helping traumatised and displaced children in conflict zones around the world.
Stefanie now lives in Las Vegas with her husband, fellow tennis icon Andre Agassi, and their son Jaden, 12, and daughter Jaz, 10.
Scroll below to see what Stefanie had to say about Royal Ascot
How are you enjoying your first time at Royal Ascot?
“It’s so exciting. From picking out the hat last night, picking out the dress... I’ve been in London during this period before getting ready for Wimbledon, so I’ve seen Royal Ascot on TV and seen pictures of it, and now here I am!”
Are you a fan of equestrian sports?
“You know, as a young girl in Germany, racing was really popular. We actually had a race track maybe seven or eight minutes from home, so we would go there often on weekends and watch the races as a family, do little bets. And now through Longines I’m getting to enjoy bigger races. We went to Kentucky Derby for the last two years and that’s been incredible, and now here we are at Ascot! “I rode a little bit myself, and now I have a ten-year-old girl and she rode for a few years and then started some tournaments. I’ve got to say, we’ve kind of pulled her a little bit away from riding. She fell and the horse went up and down next to her head and we had to watch that, so she still can ride now and then but no more tournaments for a while.
Is your son sporty as well? It must be hard not to be when both your parents are tennis pros…
“[Laughs] They’re very active, very active. They’re keeping us very busy. They’re really into sports. Our older one plays baseball and it’s a lot of fun. He plays more baseball tournaments than we played tennis tournaments when we were young. In America they have a lot of organised sports for baseball, football, the big sports. They’ve got a kind of community; they have a lot of leagues. He did try soccer first. He tried one season but didn’t like the contact of it.”
Is that one of the reasons you and Andre decided to settle in Las Vegas?
“My husband was born and raised in Las Vegas.”
So there’s a strong family connection?
“Exactly. And then very shortly after my mum moved to Las Vegas, and then my brother and his four kids, so we have all the family there. All the cousins are together and growing up together - it’s pretty neat.”
Tell me about your work as a Longines ambassador; they’re very involved in your foundation Children For Tomorrow…
“Oh, my husband [Andre Agassi] was involved with Longines earlier and it was incredible to watch how involved they got with his foundation. It always seemed like we shared a lot of similar values, from quality to giving back to the community, and they’ve been incredibly supportive of raising awareness of our foundations. It’s been very lucky partnership for us.”
You’re wearing a Longines watch today?
“Yes – this is from the collection dedicated to the races, a Conquest Classic. I have one just like this without the gold. It’s my favourite watch.”
Will you be attending Wimbledon this year?
“No, sadly not. We got to Europe three days ago and we’re leaving next week just before Wimbledon starts. Life is pulling us in a lot of different directions now.”
You retired from tennis in 1999 and are still cited as one of the best players ever. Does that bring any added pressure to your life?
“Not at all, I feel very grateful for the possibilities I have now after my career, which tennis gave me. That’s apart from the incredible experiences and memories I’ve made through sport, all the highs and lows. It’s been incredible; meeting my husband, being able to be there for my foundation, having the time to see my kids grow up, working with a few select partners who share similar values. Tennis has basically given me this life, and I wouldn’t want to be anywhere else.”
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S&P 500 Rises for Week to Record Amid Optimism on Economy
By Joseph Ciolli
May 24, 2014 12:00 AM
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The Russell 2000 Index of small companies ended a two-week slide, increasing 2.1 percent. cheap tiffany & co jewelry "You have a constructive environment here," John Fox, director of research at Fenimore Asset Management in Cobleskill, New York, said in a phone interview. His firm oversees $1.9 billion. "Corporate profits are growing, interest rates are low, valuations are fair and you can earn a fair return in stocks compared to your other options." More from Bloomberg.com: Obama Expands Field for Sports as Political Refuge A gauge of U.S. stock volatility known as the VIX dropped 8.7 percent during the five days to 11.36, the lowest level since March 2013. The Chicago Board Options Exchange Volatility Index (VIX) has retreated 47 percent from a 14-month high in February. Economic Data U.S. economic reports during the week beat forecasts as the Citigroup Inc. U.S. Economic Surprise Index, which rises when releases exceed forecasts, climbed to 1.4 over the period, rising above zero for the first time since February. More from Bloomberg.com: McDonald's Workers Arrested at Protest Near Headquarters A preliminary index of U.S. manufacturing expanded in May at the highest rate in three months. Sales of new and previously owned U.S. homes rose in April for the first time in at least three months. An index of leading indicators grew 0.4 percent, indicating the economy will strengthen in the next three to six months after a first-quarter slowdown. Investors "came into 2014 with overly optimistic expectations, but those are being reset," Chris Gaffney, senior market strategist at EverBank Wealth Management in St. Louis, said in a phone interview. "Overall, investors are expecting a continued recovery right now with continued gains in equities." Fed Stimulus Central bank officials have been gauging the strength of the economy to help determine the pace of cuts to stimulus efforts that have sent the S&P 500 up 181 percent from a 12-year low in 2009. The Federal Reserve pared its monthly asset buying to $45 billion in April, its fourth straight $10 billion cut, and said further reductions in measured steps are likely. Fed policy makers said during the week that continued stimulus doesn't risk fueling a jump in the inflation rate. Central bank policy makers said last month the economy is showing signs of picking up and the job market is improving. The S&P 500 is trading at 16.1 times projected earnings. That's below levels from the market's two previous peaks, when the ratio reached 16.7 in October 2007 and 26.3 in March 2000, according to data compiled by Bloomberg. Of the 489 S&P 500-listed companies that have released results this season, 75 percent have beaten estimates for profit, while 53 percent have exceeded projections for revenue. Seven out of 10 main S&P 500 industries rose for the week. Technology and consumer-discretionary shares rallied the most, with gains of more than 2 percent. Retailers climbed 1.8 percent as a group. Tiffany surged 6.8 percent to $96.59 and Best Buy increased 6 percent to $27.01. Both companies exceeded earnings expectations by more than 25 percent. Tech Recovery Small-caps and Internet shares have started to recover after being among the hardest hit by a market retreat that began in early March. The Dow Jones Internet gauge surged 4.1 percent for the week. It has rallied 5.4 percent over the past 10 days, for the best two-week performance since September. A group of technology shares in the S&P 500 finished the week at its highest level since 2000. TripAdvisor, which fell as much as 29 percent from a high in March, rallied 15 percent to $94.42 for its best week since July. Netflix surged 15 percent to $402.35, recovering some of its 31 percent retreat. Google Inc. and Facebook Inc. surged more than 5.7 percent. NetApp Inc. and Intuit Inc. rose at least 5.4 percent as quarterly earnings beat estimates. Hewlett-Packard Co. jumped 3.7 percent to $33.72. Chief Executive Officer Meg Whitman , continuing a turnaround effort, opted for more job cuts. The company plans to pare as many as 16,000 more employees on top of 34,000 already announced. An S&P index of homebuilders rose for a second week amid the better-than-estimated home sales data. D.R. Horton Inc. soared 6.2 percent to $23.57, Lennar Corp. added 5.2 percent to $40.54 and KB Home increased 4.3 percent to $16.62. To contact the reporter on this story: Joseph Ciolli in New York at jciolli@bloomberg.net To contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net Jeff Sutherland, Michael P. Regan More from Bloomberg.com Thanks, But We Still Hate Obamacare United Ends Attendants' Booze-in-Bags Ban as Union Balks Netanyahu Says Obama Got Syria Right  Stocks & Offerings Finance
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Martin Kaymer watches soccer with Sergio Garcia in New York City
By PGA.COM
12 hours ago
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watches How do you celebrate a history-making victory in the U.S. Open? If you're Martin Kaymer , you head to the Big Apple to catch a little soccer, sorry, football. Kaymer's countrymen clearly were inspired by his domination at Pinehurst as they routed Portugal 4-0 earlier today as Kaymer, Sergio Garcia and their very huge buddy checked out the action at the Biergarten. Judging by Kaymer's smile -- which looks bigger than any we saw from him until he had the U.S. Open trophy in his hands Sunday night -- he approved of their performance. At the Biergarten in NYC with Martin the new US Open Champ, watching Germany vs Portugal! Good run for the Germans! pic.twitter.com/1pZAFVmgxw high quality replica watches for men --- Sergio Garcia (@TheSergioGarcia) June 16, 2014cheap watches swiss replica watches aaa+ --- bubba watson(@bubbawatson) June 16, 2014high quality replica watches for men Sports & Recreation Martin Kaymer Sergio Garcia
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How the world watches the World Cup on TV, online
How the world is watching the 2014 World Cup on television and online
By The Associated Press
17 hours ago
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watches This screen shot taken from the Watch ESPN mobile app shows action during a group F World Cup soccer match between Argentina and Bosnia-Herzegovina at the Maracana Stadium in Rio de Janeiro, Brazil, Sunday, June 15, 2014. (AP Photo/Watch ESPN)
discount watches eplica iwc watches new style watches Television and online rights for sporting events are typically sold by territory. For the World Cup, that means U.S. viewers are limited to what's available through U.S. television networks ABC, ESPN and Univision. replica watche ABC and ESPN, both owned by The Walt Disney Co., are splitting the English-language coverage on television. All games are available through ESPN's website and mobile app, WatchESPN. Viewers will need a username and password with a participating pay-TV provider, such as Comcast or Dish. DirecTV is notably off the list. cartier watches Univision is doing the Spanish-language broadcasts and online streaming in the U.S. Starting with the quarterfinals, viewers will need a pay-TV password as well. Outside the U.S., games are available on a variety of over-the-air and cable channels, with streaming available for free or for a fee. Legal viewing is restricted to people in those countries. Services are typically able to block outsiders based on the computer's numeric Internet Protocol address. Here's a look at what viewers outside the U.S. are getting: ENGLAND — All games are available over the air for free because the World Cup has been designated a "crown jewel of sport," part of a regulation that prohibits certain events from being restricted to pay TV. ITALY — All 64 matches are available on Italy's Sky satellite service. State broadcaster Rai is showing 25 games, including all of Italy's matches plus other big games, on its free digital cable service. JAPAN — All games are available for free on national broadcaster NHK as well as other channels. MEXICO: All national team games and one or two live games a day are carried over the air by Televisa and Television Azteca. Televisa also offers its 30 live matches online. Complete coverage is carried only on the Sky satellite service. NIGERIA — Selected games are available on Nigerian national broadcaster NTA and local private stations. Many viewers are turning to DStv, a South African satellite TV network, for complete coverage. The DStv offices in Lagos have been staying open seven days a week as Nigerians flock to sign up. But regular electricity outages mean people will need to have private generators or battery-powered radios on standby. RUSSIA — All games are broadcast live with Russian commentary on the main state television channel, Rossiya, though this means that many of the games are shown in the middle of the night Moscow time. The games are then re-broadcast during the day. Rossiya also posts videos of goals or other highlights from previous games on its website. SOUTH AFRICA — The national South African Broadcasting Corporation will show all 64 games live over three channels, meaning it's available to everyone with a $23 annual TV license. Nineteen SABC radio stations will offer commentary covering all of South Africa's 11 official languages. SPAIN — Games involving La Furia Roja, the Spanish national team, are free. All of the other games are available on a premium cable channel, or online for $57. THAILAND — The country's military junta, in an effort to "return happiness to the people" negotiated a deal with the tournament's broadcaster, RS International Broadcasting, to allow all the games to be shown for free on an RS channel and two military-run channels. RS had planned to show just 22 of the 64 matches for free. Thailand's national team is not playing in the tournament. Consumer Discretionary Television ESPN
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Fighting Replica Watches With Hidden Laser Images & Nanostructuring
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rolex watches  Luxury watch makers are constantly fighting against fake and replica watches that damage the authentic watch market in a range of ways. While I have personally suggested that few fake watches are passable by experts as authentic items, there are a number of situations where being able to unequivocally verify a timepiece as being “real” is important. You can read more about the truth about replica watches here . Brands such as Rolex and others have engaged in special techniques to battle replicas for years. A common tactic–such as those used by currency printers–is to produce elements in the watch which are difficult or impossible to copy. A new technique to do so uses something called CLR-LIGA to battle against replica watches, and it will start being used by the Swiss watch maker Carl F. Bucherer soon on all of their in-house made mechanical watch movements.
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rolex basel Carl F. Bucherer is working with fellow Swiss company, Mimotec SA, that developed the CLR-LIGA process, which is actually a combination of two relatively recent technologies. “CLR” stands for “covert laser readable,” which is an interesting way of hiding images that only lasers can read. Basically, a laser is pointed at a particular spot where a CLR image has been produced. The covert hidden image is visible in the bounced light, and there are special scanners designed to read CLR images which are very small and are not visible to the naked eye.
Cheap Fake Rolex Watches Mimotec uses Laser LIGA technology to produce the small CLR images on the surfaces of watch movements. LIGA is a German acronym for a process that uses nano-structuring to shape the surface of materials on a very small level. LIGA is used to produce the CLR images, and the combination allows for an almost impossible to replicate image that, when combined with a laser scanning device, can display a unique image which lasts forever and helps identify authentic products from replicas. It is unclear whether or not Carl F. Bucherer will be using this technology to place individual serial numbers on its watch movements or more general “brand signatures.”
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rolex for sale Arguably, Carl F. Bucherer is not the most replicated watch brand next to the king of being copied–Rolex. Nevertheless, it is interesting to see them invest in a technology that can help consumers feel more secure not only in the authenticity of its products (sold both new and pre-owned), but as a value-added feature making its in-house movements more desirable overall. As for 2014, Carl F. Bucherer will be working with Mimotec to produce small parts with CLR-LIGA images on each of their in-house made A1000 automatic mechanical movements. A short video showing how CLR-LIGA works on Carl F. Bucherer watches can be seen here .

A problem I have with Swiss luxury watch brands focusing on these niche techniques to battle watch replicas is the message it can have to some consumers. If Carl F. Bucherer has to resort to hidden nano-structures in order to battle fakes it sounds like the fakes out there are pretty good. That couldn’t be father from the truth. It is true that I personally represent a more sophisticated class of watch lover, but I don’t think that most people putting a real or fake Carl F. Bucherer movement next to each other would be fooled by the replica model. In fact, even if fake Carl F. Bucherer watches exists, I don’t think anyone is clever enough to copy the look and feel of their in-house made movements.
While techniques like CLR-LIGA are impressive and add value to a luxury watch, asserting their purpose as security doesn’t always seem to frame the replica watch issue as well as it could. Look for CLR-LIGA imagery on Carl F. Bucherer A1000 caliber movements and others starting in 2014. It is entirely possible that if the technique proves popular, other watch brands will also work with Mimotec and follow suit.
Ariel Adams is the founder and editor-in-chief of the watch review site aBlogtoWatch.
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of the Champs-Elysées. tiffany and co sale This week, Tiffany & Co officially opens its new Paris store
on the Champs-Elysées with a party on the rooftop of the Arc de
Triomphe - the monument conceived by Emperor Napoleon himself.
discount tiffany jewellery Is this store opening a triumph, too? Another success in the
battle to reclaim from vendors of cheap food, tourist trinkets and
fast fashion what is supposed to be a gorgeous and glorious
avenue?
Champs Elysées street sign
discount tiffany jewellery The fact that Tiffany took over from hamburger café Quick says
it all. Now, at 62 Avenue des Champs-Elysées, there is a graceful
façade with the spirit of Haussmann - the architect who transformed
the face of Paris in the 19th century. Add a wink to the New York
jeweller's art deco heritage and this newcomer looks spiffy.
Cartier store on the Champs Elysées
tiffany stores It is exactly a decade since Cartier opened in 2004, a noble
store on what the French themselves trumpet as "the most beautiful
avenue in the world". That was followed in 2005 by Louis Vuitton's
palace of a building on the corner of Avenue George V. It attracted
customers like bees to honey, and the refurbishment of the
boulevard had begun. Vuitton is still a premier shopping
destination, and this empire of luxury has been followed by other
designer stores to bring back some retail class and clout.
Louis Vuitton’s store on Champs Elysées
cheap tiffany jewellery The first time I learned about the Champs-Elysées was studying
in England for school exams and reading Marcel Proust. I longed to
be with the sensitive young boy and his flirty childhood friend
Gilberte Swann, the two children running through the green gardens
of the Champs-Elysées, with the clip clop of horse-driven carriages
over the cobbles as Parisian society rejoined its mighty
mansions.Imagine my disappointment when I saw this fabled boulevard
through an unstoppable flow of cars in front of dusty trees and
grand buildings that had seen much better days. The traffic on the
road was matched by vast plate glass windows of car showrooms, plus
the nondescript, overpriced tourist eateries.What had happened to the magical Elysian Fields, which is what
the Champs-Elysées really means?As I stood in Tiffany's last week - all steely silver mixed with
warmly gilded marble - I had a palpable feeling that this street of
dreams is undergoing a renaissance. The Tiffany store is
elegant, with its staircase set around a central vacuum filled with
translucent rods. Everywhere is the glint of steel, a soft touch of
flat-painted magnolias and a chandelier with a flip of
movement to suggest the fringe of a flapper dress.
This Tiffany chandelier was designed by Studio Roso and holds 1,837 glass rods
Picture credit: Tiffany & Co.
For Frédéric Cumenal, president of Tiffany & Co, this new
initiative is the culmination of three existing Paris stores,
including the Rue de la Paix, which was opened in 1999. The
executive calls the opening of the Champs-Elysées store
"the ultimate and symbolic representation of the positioning of
Tiffany as a mark of international luxe".
Tiffany’s bridal and client areas
Picture credit: Tiffany & Co.
From starting prices of a few hundred euros for simple, silver
pieces, to the light and welcoming bridal and client areas, the
store is friendly and airy. The complexity of the jewellery and the
prices go up as the floors get higher. The general effect is
enticing and might be called "luxury light". And that is a fair
description of the revival of the Champs as a deluxe
marketplace.
Guerlain’s prettily decorated façade
Picture credit: Pol Barril
Further down the avenue, going towards the Place de la Concorde,
a new Guerlain has emerged at 68 Champs-Élysées. The historic
beauty of the fragrance store, with its century-old Carrara marble,
has undergone a makeover, bringing a 21st-century glamour to
treatment rooms overlooking the wide street and to private areas to
welcome special clients.
The Guerlain Hall of Mirrors
Picture credit: Pol Barril
Like Sephora, the beauty supermarket on the avenue, Guerlain is
owned by LVMH (Moët Hennessy Louis Vuitton) and Peter Marino, the
company's favourite architect, has undertaken the refurbishment.
Using shimmering pink and beige glass, four Baccarat crystal
chandeliers, and a giant golden star, the blend is old and new in
homage to Paris as the City of Light.
Guerlain’s new make-up studio under the watchful gaze of Norbert Brunner’s The Eyes
Picture credit: Pol Barril
The new area - developed in a space beside the historic Guerlain
building as a hall of fragrance, make-up and skincare - ends with
something utterly Parisian: a stylish restaurant.
The first time I learned about the Champs-Elysées was
studying in England for school exams and reading Marcel
Proust.
I was almost convinced that the Champs-Elysées had restored a
glamorous retail environment. But I remembered looking out of
Tiffany's side window and seeing the name on the store next door:
Monoprix - one of France's cheap and cheerful supermarkets.
Monoprix supermarket
Then the thought hit me: the Champs-Elysées today is not really
about a return to haute-luxe. It is rather a ringing affirmation
that high and low co-exist in today's consumer world.
Laduree’s enticing macaroon-filled window
I began a full tour of both sides of the avenue, starting with
Ladurée, the pale green, sugar plum fairy building, its windows
filled with pastel macaroons. Ever since the city of Paris enlarged
the pavements, Ladurée's outside extension has become the favourite
street café for foreign visitors - the Japanese in particular
taking selfies with a tower of macaroons.
Ladurée is enjoyed by tourists on a Champs Elysées bench
I soon discovered that the Champs-Elysées today offers a
masterclass in high-low shopping. Right beside the noble Cartier
store with its richly decorated windows is a parody of a tourist
shop with "I love Paris" in scarlet on the canvas canopy.
I Love Paris shop canopy
Opposite the sleek, modern Hugo Boss store, with its streamlined
menswear, and the equally dynamic and sporty Lacoste, is a
McDonald's. The heavily marketed Nespresso coffee shop competes
with classy Kusmi tea.
Kusimi Tea store
Everything in the avenue seems like a fashion face-off. After
Tiffany and Guerlain comes the fast fashion Zara. And opposite that
section of affordably priced shops, is
Abercrombie & Fitch, far more famous in France for
its raunchy male staff than its clothes.But is the famous avenue now back on track to be as Haussmann
intended? I looked at the shuttered Virgin megastore, thinking how
that empty building is developed may define the Champs for this
millennium.But how to define the 2014 customers? The Champs-Elysées has 100
million visitors a year and they appear to be not so much
aspirational as open minded, happy to shop in stores from A-list
names to Zara.
Hugo Boss store
There is a tidal wave of Chinese tourists that would have been
unthinkable a decade ago. Every colour and ethnicity walks the
boulevard, although the Parisians themselves are the rarest of
visitors, perhaps deigning to pass by to one of the many
cinemas. Across the world, famous streets rise and fall. In
New York, Fifth Avenue started edging back upwards as a chic spot
when Louis Vuitton planted itself at the corner of East 57th
street, right opposite historic Tiffany.
The Champs Elysées
Picture credit: Fotolia.com
In London, Burberry's mansion of a store has brought new fashion
life to Regent Street. Yet the Champs-Elysées is different. If
Proust's vision was of the ultimate in aristocratic elegance, the
French avenue today remains stubbornly for the people.All of the people. So let them eat Ladurée cake! And
mark their love for this wide, welcoming avenue with a silver heart
from Tiffany.
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posted Jul 19th, 2014 7:57 pm


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BURBERRY CELEBRATES WRITER BRUCE CHATWIN IN MENS SPRING/SUMMER 2015 COLLECTION.
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burberry The collection, entitled ‘Book Covers & Bruce Chatwin’ features original illustrations and typographic prints that take their creative lead from vintage English book covers. Artworks were designed and painted in-house before being printed onto cashmere, cotton and leather.
burberry belt Guests attending the show included British musicians Tinie Tempah, Dan Gillespie Sells, George Craig and George Barnett, actors Tom Felton, Sam Reid, George MacKay, Joe Dempsie, Bolin Chen, Engin Hepileri and Raymond Lam, British model Jourdan Dunn, producer Mohammed Al Turki, and British presenters and DJs Greg James and Nick Grimshaw.
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burberry Outerwear and bags from the collection are now available to purchase and personalise on Burberry.com for one week until Tuesday 24 June. Each piece is handmade to order and can be personalised with a bespoke nameplate, for delivery within nine weeks – allowing customers worldwide to be the first to own personalised pieces from next season’s collection.
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