Exclusive: BlackRock to buy Credit Suisse's European ETFs - source

NEW YORK (Reuters) - BlackRock Inc has won the bidding for Credit Suisse Group AG's European exchange-traded fund business, according to a source familiar with the situation.The deal is expected to be announced shortly, said the source, who declined to be identified because the deal is not yet public. The value of the deal could not be determined.A BlackRock spokeswoman and a Credit Suisse spokeswoman...

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Chrysler 2012 Jeep sales topped 700,000 worldwide for first time

DETROIT (Reuters) - Chrysler Group LLC's Jeep brand sold more than 700,000 vehicles worldwide for the first time in 2012, an increase of 19 percent from the previous year, Chrysler said on Wednesday.Mike Manley, head of the Jeep brand, said he expects 2013 sales to continue to climb as upgraded versions of Jeep's biggest seller Grand Cherokee, as well as a new midsize Jeep SUV, are introduced.Jeep's...

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Nike wins trademark case in Supreme Court

WASHINGTON (Reuters) - Nike Inc won a victory at the U.S. Supreme Court barring a smaller rival from suing to void the company's trademark for its top-selling Air Force 1 sneakers.Chief Justice John Roberts wrote for a unanimous court on Wednesday that Nike's promise not to pursue an infringement lawsuit against Already LLC, maker of Yums sneakers, meant that the Texas company could not pursue its...

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Wall Street edges off five-year high, awaits earnings

NEW YORK (Reuters) - Stocks lost ground on Monday, as investors drew back from recent gains that lifted the S&P 500 to a five-year high, in anticipation of sluggish growth in corporate profits.Shares of financial companies dipped after a group of major U.S. banks agreed to pay a total of $8.5 billion to end a government inquiry into faulty mortgage foreclosures. The KBW bank index <.bkx>,...

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Judge asks Hostess to mediate with union

WHITE PLAINS, N.Y. (AP) -- Twinkies won't die that easily after all.Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.The bankruptcy judge hearing the...

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Just Explain It: What is the Strategic Petroleum Reserve?

Eliminating America's dependency on foreign oil has been a policy goal for at least the last two U.S. Presidents.  According to the International Energy Agency, by 2020,  the U.S. will overtake Saudi Arabia as the world's number one oil producer.However, there's still some work to do.  The United States Energy Information Administration reported that 45% of the petroleum consumed by...

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Apple to produce line of Macs in the US next year

NEW YORK (AP) -- Apple CEO Tim Cook says the company will move production of one of its existing lines of Mac computers from China to the United States next year.Industry watchers said the announcement is both a cunning public-relations move and a harbinger of more manufacturing jobs moving back to the U.S. as wages rise in China.Cook made the comments in part of an interview taped for NBC's "Rock...

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Connecticut Job Shops and Contract Manufacturers Join the MFG.com Manufacturing Marketplace

Connecticut manufacturers prove to be uniquely qualified for entrance into the largest global manufacturing ecosystem.Atlanta, GA (PRWEB) December 18, 2012MFG.com, the world’s largest online manufacturing marketplace for made-to-order parts, announced that prominent Connecticut-based manufacturers have joined the MFG.com marketplace.A few of the recent additions include:Perfection Screw & Rivet...

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Vint Cerf, Award-Winning Computer Scientist and Chief Internet Evangelist for Google, Joins TruthMarket™ Board of Advisors

Dr. Vint Cerf, one of the true “Fathers of the Internet,” an international authority on digital communications and outspoken advocate for a free and open Internet adds global perspective to TruthMarket’s Platform for Crowd-funding Public Challenges to False Political, Commercial and Science Claims.Atherton, California (PRWEB) December 18, 2012Today Truth Seal Corp. announced that Vinton G. Cerf, Ph.D....

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Alibaba Becomes Largest e-Commerce Company - Impact for Retail Brands

Simon Jackson, chief commercial officer at brand protection company NetNames, comments on the news that Alibaba has become the largest ecommerce company in the world.(PRWEB UK) 18 December 2012“The news that Chinese online marketplace Alibaba has become the largest ecommerce company in the world has important implications for brand owners in the retail and consumer goods industries. The fact that...

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Jaffe PR Restructures with Management Team to Lead Agency Following CEO’s Death

Jaffe PR (http://www.jaffepr.com), a public reputation agency devoted primarily to service law firms, legal associations and vendors to the legal marketplace, will carry on with a new executive management team as they to continue to provide high quality PR and legal marketing services.Washington, D.C. (PRWEB) December 17, 2012Jaffe PR announces a restructuring of the legal public reputation agency...

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Facebook predicted to overtake Google in mobile display ad revenue this year

Shares of Facebook (FB) have begun to rebound since the company’s disastrous initial public offering this past May. After opening at $38 per share the company’s stock plummeted into the mid-20s over the summer months and eventually fell to a low of $17.55 in early September. Since then, however, Facebook shares have begun to bounce back after the company posted better-than-expected results in the...

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New Online Privacy Loophole Lets Facebook Advertise to Kids

Mark Zuckerberg's been eager to find a way to get more kids on Facebook for years, and on Wednesday, the Federal Trade Commission handed it to him on a platter. That might be overstating it a little bit. It's more like the FTC served it to him on a platter covered in plastic wrap with a note attached that says "Do not open." Nevertheless, should Facebook decided to see what's inside, experts in online...

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Cory Booker Is Exploring a Senate Run, Announces Cory Booker on Social Media

Guess he's going to need that Senate web domain after all. After privately conceding that Chris Christie's surge in popularity made a run for governor impossible, Newark Mayor Cory Booker very publicly announced Thursday morning that he is exploring a run for a New Jersey Senate seat in 2014, if — and it's a big "if" — Sen. Frank Lautenberg retires. Speculation had been brewing for weeks, and a report...

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New Democrat MP Pat Martin erupts with another angry, abusive Twitter exchange

OTTAWA - Firebrand New Democrat MP Pat Martin is at it again on Twitter.Martin is making headlines for an abusive series of tweets prompted, apparently, by the Conservative government's failure to invite him to an announcement in his Winnipeg Centre riding.The tweets include some particularly scathing and personal insults aimed at Public Safety Minister Vic Toews and the Conservative party.Martin...

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Facebook considers letting users pay money to message people they don’t know

Watch out, Facebook (FB): Your reputation for shadiness could soon approach MySpace levels. The Verge reports that Facebook is now testing out a new system in which “people will pay to get in touch with those they aren’t Facebook friends with.” In other words, the creepy guy that keeps trying to “friend” you on Facebook could soon be able to pay an as-yet-undetermined amount of money and get to send...

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News Summary: US 30-yr mortgage rate at record low

RATES AT RECORD LOW: Average U.S. mortgage rates fell to fresh record lows this week, a trend that is boosting home sales.THE NUMBERS: Mortgage buyer Freddie Mac said the average 30-year loan rate dipped to 3.31 percent, the lowest on records dating back to 1971. The average on the 15-year fixed mortgage dropped to 2.63 percent, also a record.HOUSING RECOVERY: Home sales and construction are rising,...

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Retirement Savings Plan Reality: Save More

There's a buzz building in California over a state move to create a retirement savings plan for private employees with no workplace 401k. It might seem that everyone has plenty of access to a retirement savings plan, but at least a third of U.S. households get to retirement with just Social Security to back them up, reports MarketWatch.The "pioneering" part of such a retirement savings plan would...

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US pending home sales jump to nearly a 6-year high

WASHINGTON (AP) — An index measuring the number of Americans who signed contracts to buy homes in October jumped to nearly its highest level in almost six years. Steady job gains and record-low mortgage rates have made home buying more attractive.The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index rose 5.2 percent to 104.8 in October. Excluding...

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US home sales jump to highest level in 3 years

WASHINGTON (AP) — U.S. sales of previously occupied homes jumped to their highest level in three years last month, bolstered by steady job gains and record-low mortgage rates.The National Association of Realtors said Thursday that sales rose 5.9 percent to a seasonally adjusted annual rate of 5.04 million in November. That's up from 4.76 million in October.Previously occupied home sales are on track...

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